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The Role of Hashes in Web3 Technology
Caroline Bishop Aug 21, 2024 10:16 Explore the importance of hashes in Web3, ensuring data integrity, security, and efficiency in blockchain technology. Hashes, often described as digital fingerprints, are...
Gala Games Issues Community Warning Amid Rising Scams
Rongchai Wang Aug 21, 2024 10:46 Gala Games warns its community about increasing scams targeting digital communities, highlighting the importance of vigilance and robust security practices. Gala Games has issued...
GST sleuths tracking merchants skipping tax via digital payments, ET BFSI
The rapid growth of digital payments has also increased the scrutiny of online merchants due to a spike in cases of tax evasion, people aware of the development told ET.The Directorate General of Goods and Service Tax Intelligence (DGGI) is working closely with...
CMA closes existing Competition Act cases into Google’s Play Store and Apple’s App Store
The UK Competition and Markets Authority (CMA) has closed its existing Competition Act cases into Google’s Play Store and Apple’s App Store as it plans for the roll out of the new digital markets competition regime. While the CMA has not taken any decisions on what...
SEBI announces expansion to its sustainable finance framework, ET BFSI
The Securities and Exchange Board of India (SEBI) has announced a significant expansion to its sustainable finance framework.It has unveiled plans to introduce a range of new financial instruments including Social Bonds, Sustainable Bonds, and Sustainability-linked...
What is Hard Fork in Blockchain & How Does it Work?
The concept of forks in blockchain technology is quite common and widely used. Fork basically involves copying the code and changing it for the purpose of creating a new version or software. Now that you have an insight into – ‘What is a fork in blockchain?’ It is...
US Dollar Extends Losses, Gold Shines
There was no major news on the wire to trigger the minor selloff in global equities, so it was nothing else than a correction after a long rally following an ugly meltdown. As such, the S&P500 and Nasdaq were slightly down, by around 0.20% each, the European Stoxx...
China calls EU tariffs on EVs unfair, says it will defend industry
An aerial view of new BYD electric cars to be exported on a dock in Yantai in east China's Shandong province. Tang Ke | Future Publishing | Getty ImagesThe Chinese government on Wednesday hit out at the European Union over tariffs on electric vehicle imports, after...
Michelle Obama: Trump DNC speech
Former First Lady Michelle Obama directly challenged former President Donald Trump over his decade-long effort to vilify the Obamas in her speech at the Democratic National Convention in Chicago on Tuesday."Donald Trump did everything in his power to try to make...
Payrolls Revision Flagged as Potential Gamechanger
Markets The recent comeback momentum on US stock markets stalled yesterday with main US benchmarks suffering minor losses (-0.25%) following an astonishing rally over the past two weeks. Other directional trades continued. US Treasuries outperformed German Bunds with...
Cantor Fitzgerald to pay $100k fine for alleged FINRA rule violations
Cantor Fitzgerald & Co has agreed to pay a fine of $100,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From July 2017 through May 2019, Cantor Fitzgerald acted as a market-maker in OTC securities, including securities...
General Atlantic set to sell up to 5.1% stake in PNB Housing via open market on Wednesday, ET BFSI
Mumbai: General Atlantic is set to sell up to a 5.1% stake in PNB Housing Finance through an open market transaction on Wednesday. According to a term sheet issued by IIFL Securities, General Atlantic Singapore Fund FII Pte will sell 1.33 crore shares at a floor price...
Japan joins India in calling out cross-border terror & terror finance, ET BFSI
India and Japan on Tuesday explored the possibility of coordinating respective security strategies and development assistance where mutual interests converge for “free, open and rules-based Indo-Pacific” and emphasised that both are resolute in their opposition to...
Sesame to offer compounded Wegovy through weight loss program
Health-care marketplace Sesame on Wednesday announced a new clinical weight loss program that will help eligible consumers access compounded versions of Novo Nordisk's blockbuster obesity drug Wegovy for $249 per month.Sesame allows patients to book and pay for...
Staking and Liquid Staking on Sui: A Comprehensive Guide
Iris Coleman Aug 21, 2024 09:55 Learn how to stake and utilize liquid staking on the Sui network. Understand the process, benefits, and how to get started. Staking plays a crucial role in the proof-of-stake...
USDJPY Rises But Still in Negative Territory
USDJPY remains below 200-day SMA and uptrend line RSI ticks higher reflecting the latest move USDJPY is gaining some ground after three consecutive red days and losing around 3% from the 149.50 resistance level. The market has been trading beneath the long-term...
Biden Obama DNC few mentions Day 2 Harris
Former U.S. President Barack Obama speaks on stage during the second day of the Democratic National Convention at the United Center on August 20, 2024 in Chicago, Illinois.Justin Sullivan | Getty ImagesAfter an opening night that was dedicated to thanking President...
HK regulator warns against “ICE Global Professional Station”
The Securities and Futures Commission (SFC) of Hong Kong today warned the public of a suspicious access link through which investors can gain access to the mobile application of “ICE Global Professional Station”. ICE Global Professional Station, which claims to be a...
HDFC Bank taps retail bankers as wealth managers amid talent crunch, ET BFSI
Mumbai-based HDFC’s wealth business has about 800 relationship managers serving customers in about 100 cities and townsHDFC Bank Ltd.’s wealth management business is looking to retail bankers to help cover its wealthy clients amid an industrywide talent...
Indians may need to get over a tax headache to secure their health, ET BFSI
New Delhi: When Indian parliamentarians from opposition parties demanded Finance Minister Nirmala Sitharaman to consider waiving off the Goods and Services Tax imposed on life and health insurance policies, she raised some factors associated with the taxes."I want to...
NZDUSD Hits Fresh 2-month High
NZDUSD stages a V-shaped recovery from 2024 low The pair jumps above 200-day SMA to its highest since June 14 Oscillators improve notably, suggesting increasing bullish bias NZDUSD has been steadily regaining ground since the beginning of the month after finding its...
NVIDIA GH200 Superchip Revolutionizes Apache Spark with Unprecedented Efficiency
Terrill Dicki Aug 21, 2024 08:49 NVIDIA's GH200 Superchip enhances Apache Spark performance with 35x faster query responses and up to 22x fewer nodes, significantly reducing energy consumption. As the growth of...
P2P platforms taking on the lender role led RBI to read the riot act, ET BFSI
MUMBAI: The Reserve Bank of India's (RBI) tightening of norms for P2P lenders comes after several of them were found to be having hundreds of crores of rupees in escrow accounts in violation of guidelines for the platform providers, said people familiar with the...
Ukraine carries out one of largest-ever drone attacks on Moscow
Ukrainian soldiers prepare a vehicle adapted to fire helicopter shells as the Russia-Ukraine war continues in the direction of Toretsk, Ukraine, Aug. 19, 2024. Anadolu | Anadolu | Getty ImagesUkraine carried out one of the largest-ever drone attacks against Moscow on...
Beyoncé launches whiskey line with LVMH’s Moët Hennessy
Moët Hennessy SirDavis American Whisky.Courtesy: Moët HennessyBeyoncé is holding her whiskey up high.The megastar is entering the luxury liquor business with the launch of a new whiskey line in collaboration with LVMH's Moët Hennessy, the brand announced in a press...
Instant payments go live in Switzerland
Instant payments were launched in Switzerland on 20 August 2024. Around 60 financial institutions are now able to receive and process instant payments, covering more than 95% of Swiss retail payment transactions. By end-2026 at the latest, all financial institutions...
Reforming Delivery in the Financial Services Sector, ET BFSI
Pranesh K Babu, Global Practise Head – Network Managed Services, Sify Technologies Limited Nowadays, where digital transformation has become a mandatory part of every business operation, banks are also on a steady path to building a strong digital ecosystem with...
XAU/USD Outlook: Gold Price Consolidating Under New Record High, Ahead FOMC Minutes
Gold keeps firm tone and consolidating under new record high ($2531) posted on Tuesday, with third consecutive daily close above $2500 level, pointing to clear break. The yellow metal holds in a steep multi-month uptrend and has registered gains of nearly 22% since...
Fed officials uneasy about job market as they get ready for Jackson Hole, ET BFSI
Federal Reserve officials gathering at the annual central banking conference in Jackson Hole, Wyoming, this week can take some satisfaction that the U.S. unemployment rate, at 4.3%, remains low by historical standards.But it usually is: The U.S. experience of...
No plan to probe Madhabi Puri Buch over Hindenburg row, says FinMin official, ET BFSI
New Delhi: The finance ministry has no plan as of now to set up any panel to look into US-based short-seller Hindenburg Research's allegations against Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch, an official said.Earlier this month,...
FX option expiries for 21 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. There has been expiries here all through the week and the ones today will still have some slight influence on price action. For one, it could act as a bit...
Target (TGT) Q2 2024 earnings
A Target store stands in Manhattan, New York City, on March 5, 2024.Spencer Platt | Getty ImagesTarget will report quarterly earnings on Wednesday as the retailer tries to make a comeback from a prolonged period of weaker sales and profits.Here is what Wall Street...
Harris’ record shows she would prioritize the Indo-Pacific: CFR expert
U.S. Vice President Kamala Harris and Philippines President Ferdinand Marcos Jr., along with their partners, meet at the Vice President's residence in Washington, DC, U.S., on Tuesday, May 2, 2023.Bloomberg | Bloomberg | Getty ImagesVice President Kamala Harris would...
Dollar Stays Pressured, NFP Revisions and FOMC Minutes Unlikely Change Its Course
Dollar remains under broad-based selling pressure, with markets likely to keep this trend until Fed Chair Jerome Powell delivers his speech at the Jackson Hole Symposium on Friday. While today’s events, including the non-farm payroll revision and the release of FOMC...
Offchain Labs Unveils Arbitrum Roadmap to Boost Blockchain Innovation
Tony Kim Aug 21, 2024 07:25 Offchain Labs has released its technical roadmap for Arbitrum, focusing on scalability, decentralization, and developer experience to drive blockchain adoption. Offchain Labs has...
NZ regulator confirms Du Val placed in statutory management
The Financial Markets Authority (FMA) of New Zealand today confirmed that a number of entities within the Du Val group were placed in statutory management under the terms of the Corporations (Investigation and Management) Act 1989 (the Corporations Act). Statutory...
THORChain (RUNE) Prepares for September 2024 Hard Fork
THORChain is set to undergo a hard fork on September 4, 2024, at 4pm UTC, bringing several upgrades and planned downtime. (Read More)
Aye Finance raises about $25 million from Goldman Sachs (India) Finance, ET BFSI
Kolkata: British International Investment-backed Aye Finance has raised about $25 million from Goldman Sachs (India) Finance, the non-banking unit of Goldman Sachs in India, in a securitisation deal.The deal, valued Rs 212 crore in local currency, was announced...
RBI Governor Shaktikanta Das, ET BFSI
India’s inflation must show signs of settling around the central bank’s target of 4% on a sustainable basis before a rate cut can be considered, Reserve Bank of India Governor Shaktikanta Das said.“We are completely focused on inflation, we are keeping a close eye on...
Mynaric MYNA stock tanks after slashing revenue guidance, CFO exit
A rendering of the company's laser communications system on satellites in orbit.MynaricSpace stock Mynaric tanked in trading Tuesday after the company announced heavy cuts to its previous revenue forecast and the departure of the company's chief financial...
Meet the Illinois lawmaker organizing big money House fundraiser
Rep. Raja Krishnamoorthi, D-Ill., questions witnesses during a House Intelligence Committee impeachment inquiry hearing in Washington, D.C., U.S., on Tuesday, Nov. 19, 2019.Jacquelyn Martin | AP | Bloomberg via Getty ImagesCHICAGO — Rep. Raja Krishnamoorthi, D-Ill.,...
Australian Dollar’s Rally Runs Out of Steam
The Australian dollar has steadied after pummeling the US dollar over the past two sessions. AUD/USD is trading at 0.6729 in the European session, down 0.04% on the day at the time of writing. RBA minutes: Rates will remain steady The RBA minutes from the meeting...
Amazon-backed Anthropic hit with class-action lawsuit over copyright infringement
Anthropic, the Amazon-backed artificial intelligence startup, on Monday was hit with a class-action lawsuit in California federal court over alleged copyright infringement. Three authors said in the filing that Anthropic "built a multibillion-dollar business by...
Banks’ borrowings cross ₹9 lakh crore as credit growth outshines deposits, ET BFSI
Mumbai: Bank borrowing through market instruments has climbed to its highest levels, racing past ₹9 lakh crore and drawing the regulator's attention, as a persistently faster growth rate for credit over deposits compels lenders to rely on alternative fundraising...
OpenAI announces content deal with Condé Nast
OpenAI CEO Sam Altman speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Stefan Wermuth | Bloomberg | Getty ImagesOpenAI on Tuesday announced a partnership with Condé Nast, in which the Microsoft-backed artificial intelligence company's...
Brent Crude – Oil Slides Into Key Support as Geopolitical Risk Takes a Backseat
Brent crude oil prices continue to fall amidst rumors of a Middle East deal and increased production in Libya. US crude stockpiles are expected to have decreased, and insights from the Jackson Hole symposium could impact oil prices. Technicals point to a key support...
SEC charges Equiniti Trust with failing to protect client funds against cyber intrusions
The Securities and Exchange Commission (SEC) today announced settled charges against New York-based registered transfer agent Equiniti Trust Company LLC, formerly known as American Stock Transfer & Trust Company LLC, for failing to assure that client securities...
Harley-Davidson drops diversity efforts after online pressure
Harley-Davidson is dropping some of its diversity, equity and inclusion efforts, according to a statement released Monday on social media site X.The motorcycle company said it has stopped consulting the Human Rights Campaign's metric for treatment of LGBTQ+ employees,...
Banks tapping alternative sources as deposit growth slows: RBI, ET BFSI
Mumbai, Banks are tapping alternative sources like commercial paper and certificates of deposit as deposit growth lags credit growth, RBI August Bulletin said on Monday. In the primary market, certificates of deposit (CD) issuances amounted to Rs 3.49 lakh crore...
Why Do Oil Prices Post Notable Losses?
Oil prices have decreased lately as a result of various crucial factors Technical Outlook confirms bearish structure Global economic concerns The global economy is encountering substantial difficulties, especially in prominent economies such as China and Europe....
Shein sues Temu over copyright infringement, trade secret theft
Shein and Temu.Yuki Iwamura | Bloomberg | Stefani Reynolds | AFP | Getty ImagesChinese-linked fast fashion giant Shein is suing rival Temu, alleging the retailer stole its designs and built an empire using counterfeiting, intellectual property infringement and...
NFA fines Ikigai Strategic Partners and its principal Anthony Robert Emtman
The US National Futures Association (NFA) has ordered Ikigai Strategic Partners LLC, an NFA Member commodity pool operator located in Rio Grande, Puerto Rico, and Anthony Robert Emtman, a principal and associated person of Ikigai Strategic, to jointly pay a $150,000...
RBI Governor Shaktikanta Das ranked top central banker globally for second year in a row, ET BFSI
NEW DELHI: The Reserve Bank of India on Tuesday announced that the RBI Governor Shaktikanta Das has received an "A+" rating in the Global Finance Central Banker Report Cards 2024 for the second consecutive year.According to a statement released by the Global Finance...
EUR/USD Holds Near Seven-Month High Amid Speculation on Fed Rate Cuts
Euro/dollar maintains its position close to a seven-month peak, trading at 1.1077 on Tuesday. The US dollar’s weakening continues, largely driven by market expectations of an imminent interest rate cut by the US Federal Reserve next month. Attention is also geared...
Federal Bank, BFSI News, ET BFSI
Deposit growth is the Indian banking sector’s biggest challenge as customers choose from an increasingly diverse range of investment alternatives, according to Shalini Warrier, retail business head at Federal Bank Ltd. “There is no silver bullet for this,” Warrier...
Canada’s CPI slows to 2.5% in Jul, CPI common down to 2.2%
Canada’s CPI slowed to 2.5% yoy in July, down from 2.7% yoy in June, aligning with market expectations. This marks the slowest pace of inflation since March 2021. According to Statistics Canada, the deceleration in headline inflation was broad-based, with lower prices...
Ethereum (ETH) Struggles as Outflows Increase, Lagging Behind Bitcoin (BTC)
Lawrence Jengar Aug 20, 2024 16:45 Ethereum ETFs face significant outflows, contributing to ETH's underperformance compared to Bitcoin. Market trends and economic factors will play a crucial role in future dynamics. ...
Waymo has doubled its weekly paid robotaxi trips to 100,000 since May
A Waymo autonomous self-driving Jaguar taxi drives along a street on March 14, 2024 in Los Angeles, California. Mario Tama | Getty ImagesWaymo is now providing more than 100,000 paid robotaxi rides per week in the US, according to a LinkedIn announcement by its co-CEO...
RFK Jr. campaign eyes joining forces with Trump, Nicole Shanahan says
Vice Presidential candidate Nicole Shanahan speaks during a rally for Independent presidential candidate Robert F. Kennedy Jr. on May 13, 2024 in Austin, Texas. Sergio Flores | AFP | Getty ImagesThe independent presidential campaign of Robert F. Kennedy Jr. is...
Yes Bank appoints Sumit Bali to head its retail business, BFSI News, ET BFSI
Bali has almost three decades of experience in retail banking, and worked at Kotak Mahindra Bank before joining Axis Bank, where he worked in multiple rolesBy Ashwin Manikandan and Siddhi NayakBENGALURU/MUMBAI: Indian private lender Yes Bank has appointed veteran...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 145.17; (P) 146.62; (R1) 148.04; More… As noted before, USD/JPY’s 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. Intraday bias stays mildly on the downside for retesting 141.67...
CFTC orders Get Money Tradez, its managing member to pay over $520,000 for fraud violations
The Commodity Futures Trading Commission (CFTC) today issued an order simultaneously filing and settling charges against Get Money Tradez LLC (GMT), and its managing member, Jeffrey Carmon, Jr. a/k/a Jeffery Carmon, Jr. The order finds the respondents violated...
GMC targets electric truck leadership against Tesla, Ford, Rivian
2024 Sierra EV Denali Edition 1Source: General MotorsMILFORD, Mich. — General Motors' premium GMC brand wants to become the leader in all-electric truck sales for U.S. consumers as it launches its new electric Sierra pickup.The Sierra EV joins electric versions of the...
IndusInd Bank gets RBI nod to set up mutual fund asset management business, ET BFSI
IndusInd Bank has received the Reserve Bank of India’s (RBI’s) nod to set up a mutual fund asset management business. It will be a wholly-owned subsidiary, the bank said in its filing to the exchanges on Monday.RBI has also allowed the private sector lender to infuse...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8604; (P) 0.8641; (R1) 0.8666; More….. USD/CHF’s break of 0.8616 support should indicate 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. Intraday bias is back on the downside...
Gala Games Announces Starlight Picnic Competition with $GALA Prizes
Joerg Hiller Aug 20, 2024 03:36 Gala Games kicks off Starlight Picnic competition in Common Ground World, offering $GALA rewards and exclusive NFTs. Gala Games has announced a new competition within its popular...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2951; (P) 1.2974; (R1) 1.3013; More… GBP/USD’s rally from 1.2664 continues today and intraday bias stays on the upside for retesting 1.3043. Firm break there will resume whole rally from 1.2998 to 61.8% projection of 1.2298 to 1.3043 from 1.2664...
Bank of Baroda pips PSB peers to bag ₹5,000-crore SAIL loan, ET BFSI
Mumbai: Bank of Baroda (BoB) has pipped larger public and private sector lenders in a keenly contested ₹5,000 crore loan deal for state-owned steelmaker SAIL.BoB's bid at 7.49% for a five-year loan was the lowest and linked to the 364-day treasury bill, people...
EUR/USD Holds Near Seven-Month High Amid Speculation on Fed Rate Cuts :: InvestMacro
By RoboForex Analytical DepartmentEuro vs dollar maintains its position close to a seven-month peak, trading at 1.1077 on Tuesday. The US dollar’s weakening continues, largely driven by market expectations of an imminent interest rate cut by the US Federal Reserve...
EigenDA Unveils New Pricing Model to Enhance Data Availability
Terrill Dicki Aug 20, 2024 04:14 EigenDA announces a 10x reduction in pricing and introduces a free tier, making data availability more accessible. EigenDA, a leading provider of decentralized data availability...
USD/CAD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.3614; (P) 1.3650; (R1) 1.3670; More… USD/CAD’s fall from 1.3946 is still in progress and intraday bias stays on the downside for 1.3588 structural support. Strong support could be seen from there to bring reversal. On the upside, above 1.3684 will...
Banks offering cheapest interest rates on gold loans, ET BFSI
Gold loans have grown in popularity due to its numerous perks. With a gold loan, which is a secured loan, you can use the value of your gold jewelry or ornaments as collateral to get money. It's an easy and quick option to obtain liquidity without sacrificing the...
Sunset Market Commentary – Action Forex
Markets Markets took a breather today during the European session. The dollar (DXY) yesterday closed below 102 for the first time since early January and remains stuck there. The greenback even extends losses as US investors enter the market. European stock markets...
Admirals makes currency conversion fee visible on MT5 platform
Retail FX and CFD broker Admirals today announced an update to its MetaTrader 5 (MT5) platform that enhances the way it displays the currency conversion fees. Here’s the essential information: No new fees: Admirals have not introduced any new charges. Improved...
Ethereum (ETH) Underperforms Amid ETF Struggles and Market Dynamics
Rongchai Wang Aug 20, 2024 04:47 Ethereum ETFs face significant outflows and underperform compared to Bitcoin ETFs, influenced by aggressive market activities and macroeconomic factors. Ethereum (ETH) continues...
Bharat Bandh on August 21; are banks, post offices open tomorrow?, ET BFSI
In response to the recent verdict on SC/ST reservations by the Supreme Court, the Reservation Bachao Sangharsh Samiti has called for a Bharat Bandh on August 21, 2024. There will likely be a large turnout for the bandh, which has the backing of Rajasthan's SC/ST...
Dollar on the Edge – Action Forex
The US dollar has fallen to its lowest levels of the year, losing more than 2.3% from its August peak and around 4% since early July as expectations of a Fed rate cut in September began to be priced in. The dollar index has retreated to 101.7, reflecting growing...
BNB Incubation Alliance Showcases Promising Blockchain Projects at Bitcoin 2024 and EthCC
Luisa Crawford Aug 20, 2024 05:19 BNB Chain's Incubation Alliance highlighted early-stage blockchain projects at Bitcoin 2024 in Nashville and EthCC in Brussels, emphasizing support for startups. The BNB Chain...
Can Boeing Recover? Analyzing the Company’s Path to Profitability :: InvestMacro
By The Ino.com TeamSince the start of 2024, aerospace giant The Boeing Company (BA) has faced a turbulent ride, with its stock plummeting over 30%. The decline was primarily triggered by heightened regulatory scrutiny following a severe safety incident involving one...
Canadian Inflation Eases Further Towards BoC’s Target
Headline CPI inflation edged lower in July to 2.5% year-on-year (y/y), right on consensus expectations. This was the lowest reading since March 2021. The deceleration was driven by base year effects (lower price growth relative to last July) for items like travel...
Shriram Finance in talks with climate-based funds to raise capital for EV financing, ET BFSI
Mumbai: Shriram Finance, the country’s largest auto-focused, non-bank lender, has begun an initial round of discussions with climate focused private equity funds to raise capital for financing electric vehicles. Currently, the share of EVs in the Rs2.33 lakh crore...
Taiko and Stargate Finance Collaborate for DeFi Season Finale
Timothy Morano Aug 20, 2024 05:37 Taiko, in collaboration with Stargate Finance and other DeFi protocols, launches a special Trail to conclude Season 1 of Trailblazer, starting August 19, 2024. Taiko has...
PBoC expectedly left rates unchanged. Bitcoin returned to the $60,000 mark :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index was up 0.58%, while the S&P 500 (US500) Index increased by 0.97%. The NASDAQ Technology Index (US100) closed positive 1.39%. That day, dovish Fed comments drove bond yields lower and supported equities....
Corporate capex to increase led by infra financing, says RBI study, ET BFSI
Rising domestic demand and capacity utilisation, improved profitability of corporates, sustained credit demand, business optimism and government’s thrust on infrastructure development, is likely to increase the pipeline for project finance. An article in the Reserve...
Canadian Dollar Slips as CPI Solidifies Case for BoC Sep Cut, Gold Marches On
Canadian Dollar has come under broad pressure in the early US session following the release of the latest inflation data, which showed a further slowdown in inflation, with headline CPI fell to a 40-month low and core measures also easing. This set of data has...
Check which bank is offering lowest car interest rates, ET BFSI
The majority of car buyers finance their purchase with a loan. Having a comfortable car gives you a sense of security and safety, especially on regular commutes. Thanks to low interest rates on auto loans, it's easier than ever to acquire a car. Loan interest rates in...
India cenbank chief urges banks to monitor credit-deposit gap to avoid liquidity issues, ET BFSI
MUMBAI - Indian banks need to carefully monitor the gap between credit and deposit growth to avoid a potential structural liquidity issue, the governor of the Reserve Bank of India (RBI) said on Tuesday."Young Indians are aspirational. They get attracted to different...
State Street to collaborate with Taurus on full service digital platform for institutional investors
State Street Corporation (NYSE:STT) and Taurus SA, a a provider of digital asset infrastructure, today announced a strategic agreement that will deliver trusted and reliable digital assets capabilities for State Street Bank and Trust Company clients. The agreement...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.1043; (P) 1.1064; (R1) 1.1107; More….. Intraday bias in EURUSD remains on the upside for the moment. Current rise should target 1.1138 resistance, and then 161.8% projection of 1.0665 to 1.0947 from 1.0776 at 1.1232. On the downside, below 1.1029...
Binance to Support Cosmos (ATOM) and Kadena (KDA) Network Upgrades and Hard Forks
Iris Coleman Aug 20, 2024 06:18 Binance announces support for upcoming Cosmos (ATOM) and Kadena (KDA) network upgrades and hard forks, ensuring a seamless user experience. Binance, one of the world’s leading...
Who is Mike Lynch, UK tech entrepreneur missing in superyacht sinking?
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...
Revival in overseas fundraising by Indian companies reflects shifting domestic credit market dynamics: RBI Bulletin, ET BFSI
Indian companies are increasingly turning to overseas markets for fundraising, driven by heightened international investor interest, improving liquidity conditions, and reduced hedging costs, the Reseve Bank of India (RBI) said in its monthly bulletin on Monday. This...
Mynd IFSC launches M1NXT in GIFT City to push trade finance, BFSI News, ET BFSI
Delhi/ Gandhinagar, 20th August: Mynd IFSC Pvt. Ltd. has received permission from International Financial Services Centres Authority (IFSCA) for commencement of commercial operations of its International Trade Financing Services (ITFS) Platform.Mynd IFSC Pvt Ltd, a...
Bundesbank expects temporary inflation rise, sees modest economic expansion ahead
In its latest monthly report, Bundesbank cautioned that inflation is expected to “temporarily increase” towards the end of the year. This uptick is anticipated as the currently negative inflation rates for energy turn positive, and the depressed profit margins for...
ASX lists deliverable Wallumbilla Natural Gas Futures contract
ASX has expanded its energy derivatives market presence, listing the physically settled Wallumbilla Natural Gas Futures contract for trading this week. Jointly developed with the Australian Energy Market Operator (AEMO), the contract is the latest addition to ASX’s...
Binance Futures Introduces VOXEL Perpetual Contract With 50x Leverage
Tony Kim Aug 20, 2024 09:11 Binance Futures is set to launch the VOXELUSDT Perpetual Contract with up to 50x leverage, expanding trading options for users. Binance Futures is poised to enhance its trading...
The Sweet Soft-Landing Spot – Action Forex
The week kicked off on a positive note on expectation that when Federal Reserve (Fed) Chair Jerome Powell speaks at the Jackson Hole meeting on Friday, he will deliver a strong hint that the rate cuts will begin soon in the US. How soon ? Probably in September? By how...
Small ticket business loans driving Shriram Finance’s MSME growth, ET BFSI
Mumbai: Non-banking finance company Shriram Finance Ltd expects its strong growth in the micro and small enterprises to continue due to demand for small ticket loans from entrepreneurs even as its main commercial vehicle business has undergone a change with...
India a bright spot, to remain fastest-growing major economy this year: Report, ET BFSI
Mumbai, Despite global macro-economic conditions, India continues to remain a bright spot and is expected to be the fastest-growing major economy this year, a report showed on Tuesday.The country has become the fifth-largest economy in the world, and is set to be...
PayPal expands partnership with Adyen
PayPal Holdings, Inc. (NASDAQ:PYPL) today announced the strengthening of its global partnership with financial technology platform Adyen. Within the expanded partnership, Adyen will offer Fastlane by PayPal to accelerate guest checkout flows for its enterprise and...
BNB Chain Introduces New Projects from August 6th to 19th
James Ding Aug 20, 2024 11:10 BNB Chain welcomes new projects spanning DeFi, AI, Web3 gaming, and more between August 6th and 19th. Discover the latest additions and their unique contributions. BNB Chain has...
A Softer Dollar Remains the Way to Go
Market Commentary Markets Last week’s directional moves on key markets were extended yesterday in absence of any guidance coming from eco data or central bankers. Core bond yields fail to recover from the early August setback with daily changes in the US ranging...
Eli Lilly weight loss drug cuts risk of developing diabetes in trial
An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024. Shelby Knowles | Bloomberg | Getty ImagesEli Lilly's highly popular weight loss drug reduced the risk of developing Type 2 diabetes by 94% in...
How the Sumpoorn index is helping banks & policymakers understand MSMEs better, ET BFSI
The goods and services tax (GST) has revolutionised the tax economics of the country by transforming the way policymakers understand the workings of small and medium businesses. Leveraging on this, Hyderabad-based Jocata, a financial technology firm, has created an...
BNB Chain Celebrates Four Years with BNB Day Festivities
Rebeca Moen Aug 20, 2024 09:35 BNB Chain marks its 4th anniversary with BNB Day on September 1, 2024, highlighting community milestones and future Web3 ambitions. BNB Chain is set to celebrate its fourth...
India records 26 pc jump in FDI flows in first quarter, BFSI News, ET BFSI
Mumbai, The gross foreign direct investment (FDI) flowing into the Indian economy has surged by 26.4 per cent to $22.5 billion during the April-June quarter of the current financial year compared to the same quarter of the previous year, according to the RBI's latest...
European Union slashes planned tariffs on China-made Tesla EVs
Cars are parked at a Tesla dealership. The car manufacturer Tesla presents its business figures for the past quarter after a decline in deliveries.Sebastian Gollnow | Picture Alliance | Getty ImagesThe European Union on Tuesday said planned tariffs on Tesla vehicles...
GBPUSD Awaits Strong Resistance Near 1-Year High
GBPUSD’s rebound off 200-day SMA still holds Stochastic in overbought area RSI ticks south above 50 level GBPUSD continues last week’s rebound off the 200-day SMA and the 50.0% Fibonacci retracement level of the up leg from 1.2300 to 1.3045 at 1.2670, but with some...
Standard Chartered announces appointments to its Transaction Banking team
Standard Chartered announced today the appointment of Sofia Hammoucha as Global Head of Trade & Working Capital based in Singapore. Ms Hammoucha succeeds Kai Fehr, who has decided to move back to his home country, Germany, to spend more time with his family. Sofia...
How to Generate a Blockchain Wallet Private Key?
In the blockchain domain, the role of a private key is instrumental. You need to be able to generate blockchain wallet private key so that you can effortlessly manage your digital assets. Private keys serve as the core component in the cryptography sphere. If you have...
Lowe’s (LOW) Q2 2024 earnings
A Lowe's Home Improvement Warehouse worker collects carts in a parking lot on August 17, 2022 in Houston, Texas.Brandon Bell | Getty Images News | Getty ImagesLowe's on Tuesday cut its full-year forecast, as the home improvement retailer's quarterly sales declined and...
Democratic National Convention gives special access to 200 content creators
The content creator platform at the 2024 Democratic National Convention in Chicago, Ill.Democratic National Convention staffMore than 200 digital content creators will attend the Democratic National Convention in Chicago this week with dedicated "creator credentials"...
Gold-loan NBFCs shine despite RBI’s cash disbursement restriction, ET BFSI
Non-banking financial companies (NBFCs) focusing on gold loans are expected to see reasonable growth in disbursements this fiscal as demand for credit remains strong. Their growth in the recent past has been underpinned by operational resilience, agility and...
Pound Near July Highs: What Could Trigger a Breakout?
The slowdown in U.S. inflation and a cooling labour market have rekindled investor confidence that the Federal Reserve may soon begin cutting interest rates. As bearish sentiment towards the dollar dominates the market, key currency pairs have approached critical...
iSAM Securities hires Azadeh Kasraei as Head of Integrated Client Solutions
London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that it has hired Azadeh Kasraei as Head of Integrated Client Solutions, in a strategic move to develop and improve experience and delivery. Azadeh began her career in...
RRBs must devise suitable products aligning with MSME clusters: FM, ET BFSI
New Delhi, Finance Minister Nirmala Sitharaman on Monday asked Regional Rural Banks (RRBs) to devise suitable products aligning with MSME clusters to increase banking penetration. During a review meeting with chairpersons of RRBs and CEOs of their sponsored bank, the...
HKMA Issues Alert on Fraudulent Social Media Account and Phishing Messages
Terrill Dicki Aug 20, 2024 07:59 The Hong Kong Monetary Authority warns the public about a fraudulent social media account and phishing messages related to Bank of Singapore Limited. The Hong Kong Monetary...
As Crypto Market Tests Resistance, Solana Eyes Support
The cryptocurrency market is once again testing the important $2.15 trillion milestone, adding almost 4% in the last 24 hours. Selling pressure has been building near this level since early August. Now, thanks to the impressive recovery in stock indices,...
IBPS recruiting for 4455 posts, applications open till tomorrow, ET BFSI
The Institute of Banking Personnel Selection (IBPS) has announced recruitment for 4455 Probationary Officer/Management Trainee positions in six public sector banks across India.The IBPS is accepting applications only till tomorrow, 21st August, 2024. The aspiring...
Former New York Rep. George Santos pleads guilty to wire fraud
Former New York Rep. George Santos pleaded guilty Monday in federal court in Long Island to committing wire fraud and aggravated identity theft.Santos, a Republican, had been set to begin trial next month on a 23-count superseding indictment accused him of wire fraud,...
Exclusive: Trade Nation posts £2.2M loss as Revenues decline 5% in 2023
FNG Exclusive… FNG has learned via regulatory filings that FCA licensed FX, CFDs, and spreadbetting broker Trade Nation Financial UK Ltd has seen a decline in Revenue in 2023 (fiscal year ended November 30), leading to a £2.2 million Net Loss for the year at the...
Eurozone CPI finalized at 2.6% in Jul, core CPI at 2.9%
Eurozone CPI was finalized at 2.6% yoy in July, up from June’s 2.5% yoy. CPI Core (ex-energy, food, alcohol & tobacco) was finalized at 2.9% yoy, unchanged from June’s reading. The highest contribution to the annual inflation rate came from services (+1.82...
Rupee worst Asia performer over August despite mild rise, BFSI News, ET BFSI
By Jaspreet KalraMUMBAI - The Indian rupee rose slightly on Tuesday but continued to underperform its Asian peers which have rallied to multi-month highs in anticipation of a U.S. rate cut next month. The rupee is the worst performing Asian currency so far this month,...
HKMA Issues Alert on Fraudulent HSBC Websites and Phishing Messages
Jessie A Ellis Aug 20, 2024 08:36 The Hong Kong Monetary Authority warns the public about fraudulent websites and phishing messages related to HSBC, urging caution and providing guidance on protective measures. ...
Indian rupee strengthens amid weaker dollar, falling crude oil prices, ET BFSI
The Indian rupee strengthened versus the US dollar, closing at 83.87/$1on Monday, due to a weaker dollar index and a fall in crude oil prices which softens India's inflation and trade deficit.The rupee closed at 83.87 against the US dollar, versus its previous close...
Trump would offer Tesla CEO Elon Musk a Cabinet slot
Elon Musk (L) and Donald Trump (R).David Swanson | Vincent Alban | ReutersFormer President Donald Trump on Monday said he would offer Tesla and SpaceX CEO Elon Musk a Cabinet position or an advisory role in his administration if he wins a second term in the White...
Boeing pauses tests of 777X aircraft after finding damage to one of the jets structures
A Boeing 777x aircraft during an aerial display on the opening day of the Farnborough International Airshow in Farnborough, UK, on Monday, July 18, 2022.Jason Alden | Bloomberg | Getty ImagesBoeing said Monday that it has paused flight tests of its 777X after it found...
eToro enables its clients to invest in top DFM-listed companies
Online broker eToro today announced its partnership with Dubai Financial Market (DFM), enabling eToro’s 38 million registered clients to invest in 10 companies listed on the exchange. This partnership aims to broaden investment opportunities for eToro’s user base and...
EURJPY’s Rebound Falters Ahead of 200-SMA
EURJPY recovers from its 2024 low posted on August 6 But the rebound stumbles before testing 200-day SMA Oscillators are skewed to the downside EURJPY experienced a vast selloff in July, dropping from a 32-year peak of 175.41 to as low as 154.34 on August 6, which is...
BitMEX Spot Adds TRUMP and KAMA Tokens for Trading
Joerg Hiller Aug 20, 2024 06:46 BitMEX Spot now supports TRUMP and KAMA tokens for deposit, buying, and trading, enhancing its offerings in the memecoin market. BitMEX has expanded its cryptocurrency offerings...
A Comprehensive Guide to Apply for a Home Loan for First-Time Homebuyers, ET BFSI
How to Apply for a Home Loan: A Comprehensive Guide for Homebuyers Applying for a home loan is the first exciting step in your journey to owning your dream home. In today’s dynamic financial landscape, there needs to be an overwhelming step-by-step guide to the home...
Investors can pick assets purely on merit rather than to optimise tax outgo, ET BFSI
The overhaul of the capital gains tax framework in the recent Budget has upset many. Equity investors are fretting that they must now shell out more tax on their gains. Real estate owners are livid that indexation benefits will be taken away. Taxpayers still holding...
FX option expiries for 20 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. The pair also has a large set of expiries at 1.1000 but that should not factor much into play given the dollar weakness so far this week. As such, the ones...
Alaska Airlines and Hawaiian Airlines merger clears Justice Department hurdle, now faces DOT
Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023.Tayfun Coskun | Anadolu Agency | Getty ImagesAlaska Airlines said that its plan to acquire Hawaiian...
Top Harris campaign donors have dozens of private, VIP events this week. Here’s the schedule
US Vice President and Democratic presidential candidate Kamala Harris speaks to reporters outside Primanti Bros. Restaurant and Bar during a bus campaign tour stop in Moon Township, Pennsylvania, on August 18, 2024.Angela Weiss | AFP | Getty ImagesCHICAGO — Major...
Dollar Weakens Further on Risk-On Mood, Canadian CPI Takes Center Stage
Dollar continued its decline overnight as risk-on sentiment prevailed, with S&P 500 and NASDAQ notching their eighth consecutive positive session. Investor optimism has been buoyed by recent economic data suggesting that the US economy is on track for a soft...
Binance to Support Injective (INJ) Network Upgrade and Hard Fork
Rebeca Moen Aug 20, 2024 07:22 Binance to suspend deposits and withdrawals for Injective (INJ) network during its upgrade and hard fork on August 20, 2024. Binance, one of the world's leading cryptocurrency...
JSE signs further contract extension for provision of Beeks’ Exchange Cloud
Beeks Financial Cloud Group plc (LON:BKS), a cloud computing and connectivity provider for financial markets, today announced that the Johannesburg Stock Exchange (JSE) has signed a further significant contract extension for the provision of Beeks’ Exchange Cloud, to...
Dollar Index Outlook: Remains in Defensive on Growing Expectations for Dovish Fed’s Policy View
The dollar index remains firmly in red in early Monday trading, and extends Friday’s 0.93% drop, to breach key support at 101.94 (Aug 5 low, the lowest in eight months). The dollar was weaker across the board on renewed risk mode and growing expectations on more...
USD/JPY Outlook: Japanese Yen Regains Traction vs Dollar on Renewed Expectations for Dovish Fed
USDJPY dips further on Monday, adding to signals that corrective phase off 141.68 (Aug 5 spike low) is likely over. Upleg from 141.68 was repeatedly capped at pivotal Fibo barrier at 149.36 (38.2% retracement of 161.80/141.68) with subsequent weakness being sparked by...
GBP/USD Mid-Day – Action Forex
Daily Pivots: (S1) 1.2879; (P) 1.2913; (R1) 1.2979; More… GBP/USD’s rise from 1.2664 is still in progress and intraday bias stays on the upside for retesting 1.3043 high. Firm break there will resume whole rise from 1.2998 to 61.8% projection of 1.2298 to 1.3043 from...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0942; (P) 1.0980; (R1) 1.1010; More….. Intraday bias in EUR/USD remains on the upside for 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1058. Decisive break there could prompt upside acceleration through 1.1138 resistance to 161.8%...
California retail crime laws aim to crack down on organized rings
Governor Newsom signed into law the most significant bipartisan legislation to crack down on property crime at a Home Depot store in San Jose, California, United States on August 16, 2024. Tayfun Coskun | Anadolu | Getty ImagesCalifornia Gov. Gavin Newsom has signed...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8636; (P) 0.8685; (R1) 0.8710; More….. Outlook in USD/CHF remains unchanged and intraday bias stays neutral for now. On the downside, break of 0.8616 support will indicate rejection by 38.2% retracement of 0.9223 to 0.8431 at 0.8734, and turn bias...
Trump Media shares hit post-merger low as DJT slump continues
Sopa Images | Lightrocket | Getty ImagesShares of former President Donald Trump's social media company on Monday touched their lowest price since they began public trading on the Nasdaq nearly five months ago after a merger.Trump Media, the company that owns the...
Mi Primer Bitcoin’s Global Expansion: Educating Thousands on Bitcoin (BTC)
Darius Baruo Aug 19, 2024 02:20 Mi Primer Bitcoin, a non-profit educational organization from El Salvador, aims to educate 100,000 students globally on Bitcoin through its decentralized Light Node network. Mi...
RBI for periodic revision of deposit insurance coverage, BFSI News, ET BFSI
Jaipur, A periodical upward revision of the deposit insurance coverage limit, currently at Rs 5, lakh, may be warranted considering multiple factors like growth in the value of deposits, inflation, and increase in income level, RBI Deputy Governor M Rajeshwar Rao has...
Google IPO banker tracks two-decade journey from Silicon Valley upstart to $2 trillion
Twenty years ago, as Morgan Stanley banker Michael Grimes was helping lead the public offering for the young company behind the Google search engine, one of the most anticipated of the decade, he was among the first people offered a new email service. He had his pick...
Solana (SOL) Faces Record Outflows Amid Modest Digital Asset Inflows
Ted Hisokawa Aug 19, 2024 09:26 Digital asset investment products saw $30m in inflows last week, while Solana (SOL) experienced record outflows, according to CoinShares. Digital asset investment products...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 147.00; (P) 148.20; (R1) 148.83; More… USD/JPY’s rebound from 141.67 could have completed after rejection by 38.2% retracement of 161.94 to 141.67 at 149.41. Intraday bias remains on the downside for retesting 141.67 low. Firm break there will...
India cenbank releases framework for financial market self-regulatory organisations, ET BFSI
MUMBAI - The Reserve Bank of India on Monday issued a framework for recognition of self-regulatory organisations in the financial markets space to help strengthen compliance culture and provide a consultative platform for policy making.The proposed self-regulatory...
New Zealand Dollar Extends Gains as Services Index Rises
The New Zealand dollar wrapped up a fourth consecutive winning week and is in positive territory on Monday. NZD/USD is trading at 0.6076, up 0.37% in the European session at the time of writing. New Zealand PSI pace of contraction eases The New Zealand Performance of...
SFC Lifts Suspension on Changjiang Corporate Finance (HK) Limited as Sponsor
Felix Pinkston Aug 19, 2024 11:17 The Securities and Futures Commission (SFC) has lifted the suspension of Changjiang Corporate Finance (HK) Limited's role as a sponsor. The Securities and Futures Commission...
AUD/USD climbs as RBA maintains firm stance on interest rates :: InvestMacro
By RoboForex Analytical Department The Australian dollar (AUD) is witnessing a rise against the US dollar (USD) for the second consecutive day, reaching 0.6629. This upward movement is bolstered by the Reserve Bank of Australia’s (RBA) current policy stance. RBA...
RBI Deputy Governor Swaminathan J, ET BFSI
New Delhi [India], August 19 (ANI): Asserting that full insurance coverage for all depositors appears somewhat financially non-viable, RBI Deputy Governor Swaminathan J suggested that if this could be given to certain sections of the customers -- small depositors,...
Bank cuts EMIs from Wayanad survivors’ relief aid, sparks row, ET BFSI
WAYANAD: Kerala Gramin Bank has deducted loan EMIs from emergency relief disbursed by state govt to those who survived the July 30 Wayanad landslides. The move has added to the shock of the survivors still grappling with their losses from the disaster that claimed...
Design a Daily LinkedIn Prospecting Process » Succeed As Your Own Boss
Leveraging LinkedIn for prospecting can be a game-changer for your network growth and business development, especially if you are a B2B business. LinkedIn provides a powerful platform to connect with industry leaders, potential clients, and like-minded...
Sunset Market Commentary
Markets Markets took a slow start to the new trading week which looks more enticing later on. In the absence of high profile headlines today, softer yields and a weaker dollar initially proved the to be the path of least resistance, even as the momentum of this trade...
RBI bats for cautious monetary policy approach if food price pressures persist, ET BFSI
Representational PhotoThe Reserve Bank of India (RBI) on Monday in its August Bulletin warranted a cautious monetary policy approach if food price pressures persist. A report titled ‘Are Food Prices Spilling Over’ authored by Deputy Governor MD Patra and others said,...
Bitwise acquires ETC Group – FX News Group
Bitwise Asset Management today announced the acquisition of ETC Group, a London-based crypto ETP issuer. The news marks Bitwise’s expansion into Europe and adds nine European-listed crypto ETPs to Bitwise’s broad suite of ETPs, hedge fund solutions, and separately...
India should remove food from its inflation target, BFSI News, ET BFSI
Representative ImageOne of India’s problems is that, even as it grows richer, it struggles to change policies to match. Economic frameworks designed for when it was a much poorer country constrain and limit growth. This is particularly true of food pricing and...
Dune Unveils ‘Mint Moment’ to Transform Data Visualizations into NFTs
Rongchai Wang Aug 19, 2024 12:17 Dune introduces 'Mint Moment', a feature allowing users to mint data visualizations as NFTs, rewarding onchain creators and analysts. Dune, a leading blockchain analytics...
Central Bank of India nears deal for FEL’s insurance stakes, ET BFSI
Mumbai: Central Bank of India is on the verge of acquiring Future Enterprises' (FEL) stakes in two insurance joint ventures, as the debt-ridden conglomerate undergoes insolvency proceedings.The state-owned bank is likely to take over Future Enterprises' 25% stake in...
BTCUSD Completes Death Cross – Action Forex
BTCUSD trades sideways in the past few sessions Sentiment deteriorates after multiple rejections at 50-day SMA Momentum indicators are skewed to the downside BTCUSD (Bitcoin) has been losing ground in August, experiencing a strong selloff on the back of a downbeat...
Aggregate demand conditions gathering momentum with revival in rural consumption: RBI article, ET BFSI
Mumbai, Aggregate demand conditions are gathering momentum with a revival in rural consumption and are expected to reinvigorate the private sector investment, an article published in the RBI's latest Bulletin said. Persistent geopolitical tensions, rekindled fears of...
Trump economic agenda rollout to counter Harris
Republican Presidential Candidate former U.S. President Donald Trump speaks during a campaign rally at Mohegan Sun Arena at Casey Plaza on August 17, 2024 in Wilkes Barre, Pennsylvania.Michael M. Santiago | Getty ImagesFormer President Donald Trump is countering the...
AUD/USD Outlook: Continues to Trend Higher Ahead of FOMC Minutes, Powell’s Speech in Jackson Hole
AUDUSD rose to the highest levels in almost one month on Monday, in extension of almost 0.9% daily advance on Friday and 1.5% gains last week The pair enters the third consecutive week of strong gains, with the latest acceleration being boosted by revived risk...
Holds near record high…what next? :: InvestMacro
Gold ↑ 21% year-to-dateFOMC minutes & Jackson Hole in focusBullish but RSI overbought on multiple timeframesBloomberg FX model: 73% XAUUSD – (2440.49 – 2567.13)Key technical level – $2500In case you missed it, gold surged over 2% last Friday to create a fresh...
How risk-based premiums for bank deposits can lead to financial system stability, ET BFSI
Deposit insurance plays a crucial role in maintaining the stability of the financial system by protecting depositors in the event of a bank collapse. Traditionally, the Deposit Insurance and Credit Guarantee Corporation (DICGC) in India has charged banks a uniform...
Finance Minister meets heads of PSBs, exhorts banks to improve deposit growth, ET BFSI
New Delhi, According to sources, the finance minister reviewed the financial performance of banks and progress made in the implementation of various flagship schemes of the government, including PM Awas Yojana, PM Surya Ghar and PM Vishwakarma Yojana. Sitharman also...
India might need more cautious monetary policy to stem food price rise spillover, cenbank says, ET BFSI
By Swati BhatMUMBAI - India will have to adopt a more cautious approach to monetary policy if high food prices persist and threaten to spill over into more generalised price inflation, the Reserve Bank of India said in its monthly bulletin on Monday."The conventional...
BNB Chain Launches $1M Gas Grants Program to Boost Web3 Innovation
Luisa Crawford Aug 19, 2024 13:20 BNB Chain announces a $1M Gas Grants Program aimed at supporting Web3 startups and developers over a three-month period. BNB Chain has unveiled a new Gas Grants Program,...
News of the Week (August 19— August 23): GBPCAD Detailed Analysis
Keep your eyes on GBPCAD—new trading prospects are emerging! The GBPCAD currency pair, representing the exchange rate between the British pound and the Canadian dollar, is the most critical indicator of economic interaction between the UK and Canada. The Canadian...
SEC brings charges against Carl Icahn and Icahn Enterprises
The Securities and Exchange Commission (SEC) today announced charges against Carl C. Icahn and his publicly traded company, Icahn Enterprises L.P. (IEP), for failing to disclose information relating to Icahn’s pledges of IEP securities as collateral to secure personal...
FM to banks, ET BFSI
‘Ensure no delay in handing over loan closure docs to customer’: FM to banksEmphasising the need for a healthy customer relationship, Finance Minister Nirmala Sitharaman directed the banks that there should not be any delay in handing over the documents to the...
Bank borrowings cross Rs 9 lakh crore mark; lenders face pressure to raise funds, ET BFSI
Banks’ borrowing through market instruments has climbed to its highest levels, jumping past the Rs 9 lakh crore mark, as a persistently faster pace of credit growth than deposit growth compels lenders to rely on other routes to raise funds – a phenomenon that has...
GM reveals GMC Yukon ‘AT4 Ultimate’ to expand reach of high-end SUVs
2025 GMC Yukon AT4 UltimateGMCDETROIT — General Motors is expanding its high-end GMC Yukon lineup to include a new "AT4 Ultimate" model as part of updates to the large SUV for the 2025 model year.The new model will slate in between the luxury "Denali" and "Denali...
NVIDIA’s StormCast AI Model Enhances Weather Prediction and Climate Simulation
Lawrence Jengar Aug 19, 2024 14:17 NVIDIA unveils StormCast, a generative AI model enhancing mesoscale weather prediction, crucial for disaster planning and climate research. As hurricanes, tornadoes, and other...
Waymo generation 6 robotaxi Geely Zeekr
Waymo announced their sixth generation self-driving car.Alphabet-owned Waymo revealed details about its newest "generation 6" self-driving technology on Monday. Its new driverless tech, integrated into Geely Zeekr electric vehicles, should be able to handle a wider...
Indian govt needs to trim citizens’ waist size for the sake of economy, ET BFSI
New Delhi: India’s achievement of its long-term goal to become a developed economy also hinges on its population losing weight, the Economic Survey 2023-24 had indicated. As India is posed to capitalise on its demographic dividend—a large youth population—it is...
Could Eurozone PMI Surveys Cement September ECB Rate Cut?
Markets are preparing for the Jackson Hole Symposium Eurozone data supports another ECB rate cut PMI surveys for the euro area will be published on Thursday Euro remains on the back foot against the pound The Jackson Hole gathering to break the summer lull Whilst ECB...
Nirmala Sitharaman asks banks to conduct ‘special drives’ to garner deposits, ET BFSI
Union Finance Minister Nirmala Sitharaman on Monday urged the banks to make concerted efforts to garner deposits by conducting special drives.The minister’s remarks came at a meeting to review the performance of Public Sector Banks (PSBs) on their financial...
Ethereum’s Latest Innovations Explored in The Rollup Coaster #29
Tony Kim Aug 19, 2024 13:40 The Rollup Coaster #29 dives into Ethereum's latest rollup and zero-knowledge proof advancements, with insights from industry experts. The Rollup Coaster, a bi-weekly newsletter,...
SEC charges Carl Icahn with hiding billions worth of stock pledges
Carl Icahn, billionaire activist investor, waits for Donald Trump, president and chief executive of Trump Organization Inc. and 2016 Republican presidential candidate, not pictured, to speak at an election night event in New York, U.S., on Tuesday, April 19,...
Oil prices are declining due to weakening demand from China. US and European stock indices continue to rise in price :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) Index gained 0.24% (+2.79% for the week), while the S&P 500 (US500) Index gained 0.20% (+3.78% for the week). The NASDAQ Technology Index (US100) closed positive 0.21% (for the week +4.99%). A busy week of economic...
EU banks expect India bond trades to go on, BFSI News, ET BFSI
Mumbai : Four European banks are confident their national regulators will allow them to continue trading ahead of the deadline to stop transacting with India’s sovereign bond clearing house, while recent communications between domestic and Paris-based authorities have...
GM lays off more than 1,000 salaried software and services employees
A General Motors sign is seen during an event on January 25, 2022 in Lansing, Michigan. - General Motors will create 4,000 new jobs and retaining 1,000, and significantly increasing battery cell and electric truck manufacturing capacity.Jeff Kowalsky | AFP | Getty...
Dollar Remains Under Broad Pressure, Yen Maintains Strength
Dollar continues to face broad-based selling pressure as the markets move into US session. Fed Governor Christopher Waller is set to speak, but he is expected to maintain his consistent view that Fed is nearing a rate cut while the economy remains on track for soft...
Mike Lynch reported missing after superyacht sinks off Sicily
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 — British tech entrepreneur Mike Lynch is missing after the sinking of a superyacht off...
All that glitters is…in great demand, BFSI News, ET BFSI
Central banks, led by the People's Bank of China, have been buying gold at unprecedented rates following the Russia-Ukraine war in order to de-dollarise their foreign exchange reserves. The purchases were spurred by Western sanctions on Russia that stranded half its...
Gold Price Surpasses $2500 for the First Time
We noted bullish sentiment in the gold market six days ago: → The price is moving within an ascending channel (shown in blue); → Bulls may attempt to set a historic record amid the release of economic news. As today’s XAU/USD chart shows, the gold price has risen...
Australian regulator takes down more than 7,300 phishing and investment scam websites
The Australian Securities and Investments Commission (ASIC) announced today the takedown of more than 7,300 phishing and investment scam websites that seek to swindle consumers out of their information. Since July 2023, ASIC has coordinated the removal of over 5,530...
Chinese stock investors lose a key indicator to gauge sentiment, ET BFSI
London : China may see its first yearly outflow from equities in 2024 — but if and when it happens, investors won’t know from exchange data.That’s because the country’s stock exchanges will stop releasing daily data on overseas fund flows starting Monday, depriving...
LVMH CEO Bernard Arnault’s family office invests in AI startups
World's top luxury group LVMH head Bernard Arnault presents the group's annual results 2022 in Paris on January 26, 2023.Stefano Rellandini | AFP | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly...
Binance to Support Frontier (FRONT) Token Swap and Rebranding to Self Chain (SLF)
Peter Zhang Aug 19, 2024 12:36 Binance announces support for Frontier (FRONT) token swap and rebranding to Self Chain (SLF), affecting trading pairs and futures contracts. Binance, a leading cryptocurrency...
Gold (XAU/USD) Eyes Consolidation Above $2500/oz. Will Bulls Hold the Line?
Gold prices surpassed the $2500/oz level on Friday despite a decrease in the likelihood of a 50 bps cut at the Federal Reserve’s September meeting. The rally in gold prices is attributed to dovish remarks by Federal Reserve policymakers and concerns over rising...
ED investigates Indian links of foreign gambling apps, suspects over Rs 1 lakh cr bets, ET BFSI
The Mahadev scam, which exposed the dark underbelly of India’s illegal online betting apps, did not end with the closure of the shady application, few arrests, and tracing a money trail from Chhattisgarh to Dubai. More than two dozen offshore gaming applications are...
Plus500 registers rise in revenues in H1 2024, cash position passes $1bn mark
Plus500 Ltd (LON:PLUS), a multi-asset fintech group, today announced its interim results for the six-month period ended 30 June 2024. Plus500 delivered a strong financial performance in H1 2024. Revenue and EBITDA grew year-on-year, by 8% and 6%, respectively, and the...
TFCI plans to enter Short-Term Retail Lending segment, BFSI News, ET BFSI
New Delhi, Tourism Finance Corporation of India (TFCI), a non-banking finance company, on Monday announced its diversification into retail lending through FinTech platforms and its plans to establish an Alternative Investment Fund. "Partnering with FinTech companies...
Gold (XAU/USD) Nears Record Highs Amid Geopolitical Uncertainty and Fed Speculations
The price of gold continues its impressive ascent, balancing around $2500 per troy ounce early this week, hovering near record peaks. The primary catalyst driving this rally is the intensified demand for safe-haven assets amid ongoing geopolitical tensions. The...
BitMEX Introduces TRUMP and KAMA Tokens for Spot Trading
Joerg Hiller Aug 19, 2024 11:56 BitMEX announces the listing of TRUMP and KAMA tokens for spot trading, starting tomorrow at 04:00 UTC. BitMEX has announced the addition of two new tokens, TRUMP and KAMA, to its...
ATFX launches MT5 trading platform
Leading global CFDs broker ATFX has announced the launch of the MetaTrader 5 (MT5) platform for its clients. The company said that this milestone not only underscores ATFX’s unwavering commitment to continually upgrading its customer service quality, but also marks a...
Bank deposit growth at all time high, expanded by Rs 61 tln since FY22: SBI Report, ET BFSI
In FY23, all scheduled commercial banks (ASCBs) had registered the highest amount of growth in deposits and credit since 1951-52. Deposits grew by Rs 15.7 lakh crore and credit by Rs 17.8 lakh crore, which has pushed the incremental CD Ratio to 113 per cent. The same...
At 5.9%, Bihar records highest inflation in July, BFSI News, ET BFSI
NEW DELHI: Bihar recorded the highest inflation rate at 5.9% among states and Union territories in July, followed by Assam at 5.1%, while Jharkhand had the lowest rate at 1.7% during the month, latest retail inflation data showed.Odisha, which had been witnessing...
Fed’s Kashkari: Appropriate to discuss rate cut in September
Minneapolis Fed President Neel Kashkari indicated that Fed’s focus is increasingly shifting toward concerns in the labor market, moving away from the inflation side of its dual mandate. In an interview with WSI, Kashkari emphasized that “the balance of risks has...
Hong Kong Monetary Authority Announces Decrease in Composite Interest Rate for July 2024
Iris Coleman Aug 19, 2024 10:17 The Hong Kong Monetary Authority reports a decrease in the composite interest rate to 2.58% at the end of July 2024. The Hong Kong Monetary Authority (HKMA) announced a decrease...
HKMA Issues Alert on Fraudulent Website and Phishing Emails Targeting Dah Sing Bank
Jessie A Ellis Aug 19, 2024 10:54 The Hong Kong Monetary Authority warns the public about a fraudulent website and phishing emails impersonating Dah Sing Bank. The Hong Kong Monetary Authority (HKMA) has issued...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 190.26; (P) 191.19; (R1) 191.99; More… Intraday bias in GBP/JPY remains neutral for the moment. 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 208.09. On the...
FINRA fines SAL Equity Trading for reporting deficiencies
SAL Equity Trading, GP has agreed to pay a fine of $75,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From February 2021 to May 2023, SALET inaccurately reported to the Trade Reporting and Compliance Engine (TRACE)...
FPIs pull out Rs 21k crore from equities in August, BFSI News, ET BFSI
NEW DELHI: Foreign investors continued their relentless selling in the Indian equity markets in August, offloading shares worth Rs 21,201 crore due to the unwinding of the yen carry trade, recession fears in the US and ongoing geopolitical conflicts.This came after an...
Who will receive tax refunds quicker, filers of ITR-1, ITR-2 or ITR-3?, ET BFSI
Many individuals who have submitted their income tax returns (ITR) for the fiscal year 2023-24 (assessment year 2024-25) and are entitled to refunds have not yet received the funds in their bank accounts. If you have submitted ITR-2 or ITR-3 for the fiscal year...
US 500 Index Slips After 10% Recovery
US 500 index rises above long-term uptrend line 200-day SMA still holds well Stochastic and RSI indicate overstretched market The US 500 cash index recovered by almost 10% from the bearish wave that started from the all-time high of 5,673.39 and is currently returning...
FCA cancels SPI registration of Apex Money Limited
The UK Financial Conduct Authority (FCA) has cancelled the registration of Apex Money Limited as a small payment institution (SPI). The Authority has concluded that the firm is no longer meeting the conditions for registration as an SPI under the PSRs, and that its...
Tourism Finance Corporation looks to set up alternative investment fund, ET BFSI
New Delhi: Tourism Finance Corporation of India (TFCI) will set up an alternative investment fund as it plans to enter retail lending, said its managing director Anoop Bali.The firm is also exploring ways to raise funds through long-term bonds and debentures, he told...
List of 6 React Tools on Ethereum
Blockchain and web3 development also incorporates many elements of traditional software development such as user interface design. You cannot expect a web3 app to become successful just because it offers novel functionality or a wide array of advantages. The...
Tether (USD₮) Set to Launch on Aptos Blockchain
James Ding Aug 19, 2024 09:56 Tether announces the launch of its USD₮ tokens on the Aptos Blockchain, enhancing accessibility and utility with advanced technology. Tether Operations Limited (Tether), the leading...
EUR/USD Outlook: Break Above 1.1000 Adds to Bullish Outlook, Limited Dips Should Be Anticipated
EURUSD keeps firm tone at the start of the week and extends gains above psychological 1.10 barrier after registering a weekly close above this level for the first time since late December. Bulls also cleared a Fibo resistance at 1.1012 (76.4% retracement of...
Finance Ministry should identify high risk taxpayers in GST composition scheme: CAG, ET BFSI
The Comptroller and Auditor General (CAG) has asked the Finance Ministry to identify high risk taxpayers in the GST composition scheme on a periodical basis and verify from other sources, including third parties, their declared value of sales to check tax evasion....
Doo Payment granted Australia remittance license by AUSTRAC
Doo Payment AU Pty Ltd, a subsidiary of Doo Payment, a brand under Doo Group, has announced that it has successfully obtained an independent remittance license (license number: IND100844845-001) issued by the Australian Transaction Reports and Analysis Centre...
Banks offering cheapest interest rates on gold loans, ET BFSI
Gold loans have grown in popularity due to its numerous perks. With a gold loan, which is a secured loan, you can use the value of your gold jewelry or ornaments as collateral to get money. It's an easy and quick option to obtain liquidity without sacrificing the...
Crypto Market Attracts Money, But Prices Don’t Rise
Market Picture On Monday morning, the crypto market capitalisation stood at $2.07 trillion, up slightly from $2.05 trillion a week earlier. In the previous two weeks, the market failed to rally above the $2.15 trillion level, which has become a local resistance. The...
Binance Futures Introduces USDⓈ-Margined SYS Perpetual Contract with Up to 50x Leverage
Iris Coleman Aug 19, 2024 08:54 Binance Futures will launch the SYSUSDT Perpetual Contract with up to 50x leverage, starting August 19, 2024, at 12:30 (UTC). In a move to expand its trading offerings, Binance...
IMF’s Gita Gopinath, ET BFSI
India needs to create an additional 60 to 148 million jobs by 2030 given its population growth while revamping its education to improve skills of its workforce, according to International Monetary Fund first deputy managing director Gita Gopinath.The country should...
MAS issues prohibition order against former HSBC rep
The Monetary Authority of Singapore (MAS) today issued a one-year prohibition order (PO) against a former representative of HSBC Bank, Aw Jun Ray, Reko Corinthians. Mr Aw was investigated for the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of...
RBI introduces provisions for ‘Sovereign Green Bonds’, BFSI News, ET BFSI
On August 13, The Reserve Bank of India (RBI) has introduced provisions for 'Sovereign Green Bonds' providing that a person resident outside India who maintains a securities account with a depository in IFSC in India would be able to purchase or sell Sovereign Green...
Gold Surges to Fresh Record High
Gold posts new all-time high on Monday But oscillators haven’t reached overbought conditions The divergence suggests that the advance may extend further Gold has been on the rise in the past couple of sessions, storming above the 2,500 psychological mark to a fresh...
Day one honors Biden’s legacy, but protests could strain party unity
The Bidens are going on vacation to California after tonight's speechRows of grapevines at Happy Canyon Vineyard during a drought on August 6, 2016, near Santa Ynez, California.George Rose | Getty ImagesPresident Joe Biden and first lady Jill Biden will depart for...
Yen Gains Ground as Dollar Weakens, Focus on Fed Powell’s Jackson Hole Speech This Week
Yen is showing broad-based strength in today’s Asian session, particularly against the generally weakening Dollar. This move has also put pressure on the Nikkei, which turned lower as Yen gained momentum. While there’s no clear catalyst for these movements, it appears...
Binance Launches ‘Word of the Day’ to Educate Users and Offer Rewards
Tony Kim Aug 19, 2024 02:39 Binance introduces a new 'Word of the Day' game focusing on CPI, allowing users to earn Binance Points and educational benefits. Binance has announced the launch of its new 'Word of...
Valverde partners with Broadridge to enhance investment management technology
Valverde Investment Partners, a newly established Singapore-based independent investment management firm, has appointed Broadridge Financial Solutions, Inc. (NYSE:BR) to enhance its portfolio management, trade order management, and risk analytics processes. This...
BitMEX Launches TONUSDT Perpetual Swap with 10x Leverage
James Ding Aug 19, 2024 05:18 BitMEX has announced the listing of TONUSDT perpetual swap, offering traders up to 10x leverage. The new listing is now live on the platform. BitMEX has unveiled its latest trading...
Credit offtake cools in June 2024 on RBI crackdown on unsecured credit, NBFCs, ET BFSI
Gross bank credit offtake (ex-merger) slowed to 6.4% for the December-June period compared to the growth of 8.1% for the same period last year as RBI announcement on unsecured consumer credit and NBFCs took effect. Meanwhile, credit growth also slowed to 13.9% in June...
Pessimism about Chinese economy grows, Euro-zone sends distress signals, ET BFSI
Brisk July retail sales along with fewer applications for unemployment benefits underscored a US economy with staying power as inflationary pressures gradually subside.Across the Atlantic, the UK jobless rate fell and wage growth cooled, while euro-zone productivity...
Investors can pick assets purely on merit rather than to optimise tax outgo, ET BFSI
The overhaul of the capital gains tax framework in the recent Budget has upset many. Equity investors are fretting that they must now shell out more tax on their gains. Real estate owners are livid that indexation benefits will be taken away. Taxpayers still holding...
FX option expiries for 19 August 10am New York cut
There is just one to take note of on the day, as highlighted in bold.That being for AUD/USD at the 0.6675 level. It isn't one that is technically significant but it could anchor gains for a bit before rolling off later in the day. The pair is in a breakout mood amid a...
NVIDIA Unveils AI-Enabled Holoscan Platform for Live Media Applications
Iris Coleman Aug 16, 2024 04:05 NVIDIA introduces Holoscan for Media, an AI-driven platform allowing live video pipelines to run on the same infrastructure as AI, enhancing live media applications. NVIDIA has...
Circle’s Smart Contract Platform Enables Seamless ETH to USDC Swaps
Joerg Hiller Aug 16, 2024 04:42 Circle's Smart Contract Platform simplifies ETH to USDC swaps via a smart contract with an SDK for easy deployment and interaction. Circle's Smart Contract Platform now offers a...
Trump, Harris inflation arguments questionable: Chicago Fed president
Austan Goolsbee speaking at Jackson Hole on Aug. 8, 2023.David A. Grogan | CNBCChicago Federal Reserve President Austan Goolsbee on Sunday warned against misrepresenting the inflationary impacts of corporate price hikes and tariffs, which have become focal points of...
Exploring the Salt Server Architecture of zkLogin by Mysten Labs
Rongchai Wang Aug 16, 2024 05:00 Mysten Labs unveils the salt server architecture behind zkLogin, ensuring secure and private identity management for Web3 applications. Mysten Labs has introduced a robust salt...
How Americans are losing their life savings to crypto fraud
More and more Americans are losing thousands of dollars to a scheme that takes fraudsters weeks or months to pull off."Pig butchering" scams earned the name from the idea that scammers use flattery and fake bonding to "fatten up" their victims. The strategy has...
HKMA Releases Tentative Schedule for Exchange Fund Bills and Notes for Q4 2024
Darius Baruo Aug 16, 2024 05:23 The Hong Kong Monetary Authority has issued a tentative schedule for Exchange Fund Bills and Notes for the fourth quarter of 2024. The Hong Kong Monetary Authority (HKMA) has...
BitMEX to List BANANAUSDT Perpetual Swap with 10x Leverage
Joerg Hiller Aug 16, 2024 05:47 BitMEX announces the listing of BANANAUSDT perpetual swap, offering traders up to 10x leverage starting August 16, 2024. BitMEX has announced the upcoming listing of a new...
Sui Bridge Test Program Reveals Key Bug Fixes and Insights
Lawrence Jengar Aug 16, 2024 06:09 The Sui Bridge incentive program, conducted in June, identified bugs and gathered insights for a smoother bridging experience. Over 184,000 transactions were completed. In...
ElevenLabs Slashes Prices of Turbo V2 and V2.5 Models by 50%
Joerg Hiller Aug 18, 2024 14:16 ElevenLabs has reduced prices for its Turbo V2 and V2.5 models by 50%, introducing new pricing plans to benefit both self-serve and enterprise customers. ElevenLabs has announced...
Gala Music: The Platform Transforming Artist Earnings
Jessie A Ellis Aug 16, 2024 06:49 Discover how Gala Music leverages blockchain to significantly enhance artist earnings compared to Spotify, providing new revenue streams and deeper fan connections. Over the...
Canaan Inc. (CAN) Reports Strong Q2 2024 Financial Results
Felix Pinkston Aug 16, 2024 08:32 Canaan Inc. (NASDAQ: CAN) reports robust Q2 2024 financial results with significant revenue growth and improved profitability. Canaan Inc. (NASDAQ: CAN), a leading...
Incoming Starbucks CEO Brian Niccol may target mobile app
Mobile order and Uber Eats and Doordash delivery pick up area at Starbucks coffee shop, Queens, New York. Lindsey Nicholson | UCG | Universal Images Group | Getty ImagesIt's become a familiar sight at Starbucks cafes: a counter crowded with mobile orders, frustrated...
Character.AI Introduces Prompt Poet to Revolutionize Prompt Design
Zach Anderson Aug 16, 2024 09:42 Character.AI unveils Prompt Poet, a tool designed to streamline prompt design for developers and non-technical users, enhancing AI interactions. Character.AI has announced the...
Why Walgreens, CVS retail pharmacies are struggling
The abundance of Walgreens and CVS Health stores makes them convenient for whenever Shriya Raghavan, a research associate based in Philadelphia, needs to pick up necessities like gum, deodorant and soap. But she said she often has to wait for employees to unlock...
Circle Proposes New Capital-Risk Framework for Stablecoins
Iris Coleman Aug 16, 2024 11:13 Circle's top financial leaders introduce a risk-based capital framework tailored for stablecoins, addressing unique risks and operational challenges. The rise of tokenized...
HKMA Warns Public of Phishing Scams Impersonating Bank of China (Hong Kong)
Rebeca Moen Aug 16, 2024 12:03 Hong Kong Monetary Authority alerts public about phishing scams involving fake instant messages related to Bank of China (Hong Kong) Limited. The Hong Kong Monetary Authority...
Cronos (CRO) Unveils zkEVM Developers Portal to Streamline Dapp Creation
Caroline Bishop Aug 16, 2024 13:05 Cronos (CRO) introduces the zkEVM Developers Portal, providing APIs to streamline decentralized app development on its zkEVM blockchain. Cronos (CRO) has launched the Cronos...
Manchester United Launches Limited Edition Player Trading Cards on Tezos
Rebeca Moen Aug 16, 2024 15:04 Manchester United releases exclusive digital player trading cards on Tezos, revolutionizing fan engagement with real-time updates and a Web3 fantasy football game. Manchester...
FX week in review: Sports partnerships, FXTB fine, Saxo trading volumes, FXFlat sold, ACY IPO plans, MT4/MT5 prop firm trouble
The dawn of the new football season in Europe has brought with it a number of new partnerships and sponsorships from Retail FX and CFDs brokers, with firms such as CFI, Axi, Spreadex, Equiti, ZERO Markets, and TrioMarkets inking new deals. Sports sponsorship has...
FM Sitharaman bats for critical multilateral development banks reforms, ET BFSI
New Delhi: India Saturday made a case for reform in multilateral development banks (MDBs) to allow them mobilise additional funds to help developing countries meet their development needs and address global challenges."It is critical that the financing requests made...
LangChain Enhances Integration Docs with Standardized Pages and Improved API References
Ted Hisokawa Aug 16, 2024 15:49 LangChain revamps integration docs with a standardized format and enhanced API references for faster information retrieval. A large part of the LangChain ecosystem is its...
Amid deposit mobilisation challenges, Canara Bank on expansion mode: CEO, ET BFSI
Canara Bank chief executive and managing director K Satyanarayana Raju on Saturday said here that the bank is concentrating on expanding its business by launching new branches as deposit mobilisation has become a challenge in India nowadays. The chief executive noted...
Blinken to arrive in Israel as U.S. pushes for Gaza ceasefire
U.S. Secretary of State Antony Blinken talks onboard the plane during his visit to Israel as he departs en route to Jordan, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Tel Aviv, Israel November 3, 2023. Jonathan Ernst |...
Immutable (IMX) Integrates zkEVM with Fireblocks, Expanding Global Access for Web3 Gaming
Timothy Morano Aug 17, 2024 01:48 Immutable (IMX)'s integration with Fireblocks will enhance digital asset management for games, builders, and DeFi projects, offering global access to Immutable zkEVM. Immutable...
Speculators flip Japanese Yen bets into 1st bullish position since March 2021 :: 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 13th and shows a quick view of how large market...
Binance Launches Refer2Earn Campaign with 100,000 USDC Reward Pool
Luisa Crawford Aug 17, 2024 02:16 Binance introduces a limited-time referral campaign, Refer2Earn, offering up to 1,550 USDC in rewards for eligible users. The total reward pool is 100,000 USDC. Binance, the...
Nisus Finance Services Co Limited Files DRHP With BSE SME, BFSI News, ET BFSI
PNNMumbai (Maharashtra) [India], August 17: Nisus Finance Services Co. Limited (Nifco, the Company), engaged in Fund and Asset Management and Transaction Advisory Services, has filed its Draft Red Herring Prospectus with the BSE SME in preparation for its IPO. The IPO...
FM Nirmala Sitharaman to meet PSU Banks, RRBs heads for performance review on August 19, ET BFSI
New Delhi [India], August 18 (ANI): Union Finance Minister Nirmala Sitharaman is set to convene a crucial review meeting at Vigyan Bhawan on Monday to assess the performance of Public Sector Banks (PSBs) and Regional Rural Banks (RRBs).This meeting aims to evaluate...
Are banks open or closed on Monday, August 19?, ET BFSI
Banks in some states will be closed on Monday, August 19, for Raksha Bandhan, Jhulana Purnima, and Bir Bikram Kishore Manikya Bahadur's birthday. Throughout August, both public and private sector banks in India will be closed for up to 13 days.August 2024 bank...
Crypto Insider Reveals The Top 4 Altcoins To Buy If You Want To Become A Millionaire (ETFSwap (ETFS), Dogecoin(DOGE), Shiba Inu (SHIB), And Bonk (BONK)
As the cryptocurrency market continues to evolve, savvy investors are on the lookout for promising altcoins that could lead them to millionaire status. 4 altcoins that are generating buzz among crypto insiders are; ETFSwap (ETFS), Dogecoin (DOGE), Shiba Inu (SHIB),...
Speculator Bets led by VIX :: 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 13th and shows a quick view of how large traders...
Binance Futures to Introduce USDⓈ-Margined SYN Perpetual Contract with 50x Leverage
Darius Baruo Aug 17, 2024 02:52 Binance Futures will launch the SYNUSDT Perpetual Contract on August 16, 2024, offering up to 50x leverage to enhance trading options. Binance Futures is set to expand its trading...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Aug 17, 2024 19:17 UTC | Updated: Aug 17, 2024 at 19:17 UTC By Clark The cryptocurrency market is witnessing a resurgence of optimism as Cardano (ADA) and Sui (SUI) approach the $1 mark. This surge in confidence among holders reflects broader...
Harris campaign plans $370 million fall ad push in key battlegrounds
Democratic presidential candidate U.S. Vice President Kamala Harris greets audience members at a campaign rally at United Auto Workers Local 900 on August 8, 2024 in Wayne, Michigan. Andrew Harnik | Getty ImagesThe Harris campaign announced on Saturday that it was...
Speculator Bets led by Sugar & Wheat :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 13th and shows a quick view of how large...
HKMA Warns Public About Phishing Emails Impersonating Dah Sing Bank
Iris Coleman Aug 17, 2024 03:04 The Hong Kong Monetary Authority alerts the public to phishing emails impersonating Dah Sing Bank, urging caution and providing safety tips. The Hong Kong Monetary Authority...
The Weekly Bottom Line: Inching Towards a Pivot
U.S. Highlights The July report for the Consumer Price Index showed headline inflation fell below 3% for the first time since March 2021. U.S. retail sales surpassed expectations in July, rising 1.0% month-on-month. Federal Reserve Chair Jerome Powell’s remarks during...
Yen, VIX, 5-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 13th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Markets Weekly Outlook – Gold Hits New ATH Ahead of Jackson Hole Symposium
Gold reaches a new all-time high as markets reassess rate cut expectations after evaluating resilient US data. The Jackson Hole Symposium will be a key event next week, with central bankers discussing strategies for growth and monetary policy. It’s a data-heavy week...
Hong Kong Monetary Authority Reviews Currency Board Operations Amidst Global Economic Divergence
Alvin Lang Aug 17, 2024 04:03 The Hong Kong Monetary Authority (HKMA) discusses the stability of the HKD and economic challenges in its latest Currency Board Sub-Committee meeting. The Hong Kong Monetary...
Speculator Bets led by SOFR 3-Months & US Treasury 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 13th and shows a quick view of how large...
SFC Proposes Abolition of Mixed Media Offers
Peter Zhang Aug 17, 2024 04:45 The SFC has initiated a consultation on proposals to abolish mixed media offers, aiming to streamline the investment process. The Securities and Futures Commission (SFC) has...
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF’s rebound from 0.9209 extended to as high as 0.9579 last week before retreating. Initial bias is turned neutral this week first for some consolidations. Further rally is expected as long as 0.9448 support holds. Sustained break of 55 D EMA (now at 0.9593) will...
Speculator Bets led by Gold & 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 13th and shows a quick view of how large traders...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD’s correction from 1.7180 short term top continued last week, but downside is contained above 1.6474 support so far. Initial bias remains neutral this week first, and further rally is in favor. On the upside, above 1.6745 will argue that the pullback has...
Canaan Inc. to Participate in Rosenblatt’s Technology Summit on AI and Bitcoin Mining
Darius Baruo Aug 17, 2024 05:18 Canaan Inc. announces participation in Rosenblatt's 4th Annual Technology Summit, focusing on AI and Bitcoin mining ASICs. Canaan Inc. (NASDAQ: CAN), a prominent provider of...
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP’s correction from 0.8624 extended lower last week after interim recovery. Initial bias stays on the downside this week for 100% projection of 0.8624 to 0.8530 from 0.8591 at 0.8497, which is close to 55 D EMA (now at 0.8494). Strong support should be seen...
Mi Primer Bitcoin Expands Global Bitcoin Education Efforts Through Decentralized Network
Lawrence Jengar Aug 17, 2024 05:45 Mi Primer Bitcoin aims to educate 100,000 students globally by leveraging its decentralized Light Node network across 20+ countries. Mi Primer Bitcoin, a nonprofit organization...
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY’s rebound from 154.40 extended to 163.86 last week before forming a temporary top there. Initial bias is turned neutral this week for some consolidations. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second...
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY’s rebound from 180.00 extended to 191.99 last week before forming a temporary top there. Initial bias this week is turned neutral for consolidations first. Above 191.99 will target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the...
Effective Social Media Strategies for Startups: A Practical Guide
Felix Pinkston Aug 17, 2024 06:50 Learn practical social media strategies for startups, including tools to measure qualitative and quantitative success, and tips for engaging with the right audience. Startups...
AUD/USD Weekly Report – Action Forex
AUD/USD’s rally from 0.6348 extended higher last week and with late break of 0.6642 temporary top, initial bias is back on the upside this week. Further rise should be seen to 0.6798 resistance next. On the downside, below 0.6569 minor support will turn bias to the...
Exploring the Potential of Decentralized Science (DeSci) in Modern Research
Tony Kim Aug 17, 2024 08:32 Decentralized Science (DeSci) leverages blockchain to promote transparency, collaboration, and open access in scientific research, addressing the centralization issues of traditional science. ...
Finance Minister Nirmala Sitharaman, ET BFSI
India is open to exploring more ways to increase its collaboration with the International Monetary Fund (IMF), Finance Minister Nirmala Sitharaman said during a meeting with IMF's First Deputy Managing Director Gita Gopinath on Saturday. During the meeting, Gopinath...
USD/CHF Weekly Outlook – Action Forex
USD/CHF’s rebound from 0.8431 extended to 0.8747 last week, but failed to sustain above 38.2% retracement of 0.9223 to 0.8431 at 0.8734 and retreated. Initial bias remains neutral this week first. On the upside, sustained break of 0.8734 will extend to 61.8%...
Exploring Binary Options on Injective: A Comprehensive Analysis
Caroline Bishop Aug 17, 2024 09:16 Discover how Injective's binary options markets offer developers robust tools for creating diverse decentralized applications (dApps). Injective (INJ)provides a suite of...
Polaris Dawn mission launch date, details
Polaris Dawn commander Jared Isaacman during spacesuit testing.John Kraus / Polaris ProgramSpaceX is preparing to launch its next private mission by the end of the month, featuring the first attempt to have the astronauts step out into space.The Polaris Dawn mission —...
Sebi proposes expansion of sustainable fin framework in securities market, ET BFSI
New Delhi, Markets regulator Sebi has proposed expansion of the sustainable finance framework in the securities market by introducing a new category of financial instruments. This category will include Social Bonds, Sustainable Bonds, and Sustainability-linked Bonds...
USD/JPY Weekly Outlook – Action Forex
USD/JPY’s rebound from 141.67 extended higher last week but failed to break through 38.2% retracement of 161.94 to 141.67 at 149.41 and retreated. Initial bias remains neutral this week first. On the downside, break of 146.06 minor support will suggest rejection by...
New privacy battle is underway as tech gadgets capture our brain waves
Nomadsoul1 | Istock | Getty ImagesThe question "What is a thought?" is no longer strictly a philosophical one. Like anything else measurable, our thoughts are subject to increasingly technical answers, with data captured by tracking brainwaves. That breakthrough also...
EUR/USD Weekly Outlook – Action Forex
EUR/USD retreated after edging higher to 1.1046 last week but stayed in range above 1.0880 support. Initial bias remains neutral this week for consolidations, and further rally is in favor. On the upside, firm break of 100% projection of 1.0665 to 1.0947 from 1.0776...
GAMEE Secures Investment from TON Ventures to Enhance Web3 Integration
Timothy Morano Aug 17, 2024 12:08 GAMEE, a subsidiary of Animoca Brands, receives investment from TON Ventures to integrate TON-based digital assets and expand its Web3 gaming ecosystem. GAMEE, a high-engagement...
FPIs remain net sellers at Rs 21,201 crore in first fortnight of August. Here’s why, ET BFSI
Foreign portfolio investors (FPIs) were net sellers of Indian equities in the first fortnight in August, offloading shares worth Rs 21,201 crore. The total investments by them now stand at Rs 14,365 crore, so far this year.In July, FPIs bought domestic shares worth Rs...
Neeraj Seth, BlackRock, ET BFSI
Neeraj Seth, CIO & Head-APAC Fundamental Fixed Income, BlackRock, says mixed US economic data is telling us that we are in that late cycle of economic growth. The economy is slowing down, but it is a gradual slowing. It is not falling off the cliff. But trying to...
The rising trend in nonalcoholic drinks is functionality
Mimi Lam, co-founder and chief executive officer of Superette, arranges cannabis-infused beverages at the Superette Sip 'N' Smoke cannabis dispensary in Toronto, Ontario, Canada, on Monday, Oct. 25, 2021. Della Robbins | Bloomberg | Getty ImagesMore Americans are...
Markets Roar Back as Recession Fears Fade, Safe Havens Crumble
The past few weeks highlighted the volatility of global financial markets and how quickly investor sentiment can shift. The sharp selloff in US markets, driven by fears of an impending recession, now appears significantly overdone in light of last week’s robust...
GBP/USD Weekly Outlook – Action Forex
GBP/USD’s strong rally last week indicates that correction from 1.3043 has completed at 1.2664 already ahead of 1.2612 support. Initial bias remains on the upside this week for retesting 1.3043. Firm break there will resume whole rise from 1.2998 to 61.8% projection...
Integrating USDC Payments with Wagmi and Programmable Wallets
Peter Zhang Aug 17, 2024 11:28 Learn how to integrate USDC payments into your e-commerce platform using Wagmi and Circle's Programmable Wallets for seamless and instant transactions. In the rapidly evolving...
Understanding Fixed Deposits and FD Calculation Methods, BFSI News, ET BFSI
Mumbai, Maharashtra, India (NewsVoir) Fixed Deposits (FDs) have long been a preferred investment option among Indian investors, providing a straightforward way to grow wealth with predictable returns. Shriram Finance, a trusted name in the NBFC space, offers investors...
AssemblyAI Enhances Speaker Diarization Model and Releases New Tutorials
Tony Kim Aug 17, 2024 10:55 AssemblyAI updates its Speaker Diarization model for better accuracy and multilingual support, alongside new tutorials for developers. AssemblyAI has recently unveiled significant...
USD/CAD Weekly Outlook – Action Forex
USD/CAD’s fall from 1.3946 short term top extended lower last week, and with the late break of 1.3688 temporary low, initial bias is back on the downside, Deeper decline should be seen to 1.3588 support. On the upside, above 1.3737 minor resistance will turn intraday...
RBI approves former SBI DMD Salee Nair as TMB CEO, BFSI News, ET BFSI
MUMBAI: Reserve Bank of India (RBI) has approved the appointment of former State Bank of India (SBI) deputy managing director (DMD) Salee Sukumaran Nair for a three year term, the bank in a stock market notice.Nair retired from SBI as DMD and chief credit officer...
Andreessen Horowitz (a16z) Updates on Investment Portfolio
Lawrence Jengar Aug 17, 2024 10:35 Andreessen Horowitz (a16z) releases updates on its investment portfolio, highlighting past and current investments, acquisitions, and public offerings. Andreessen Horowitz...
Summary 8/19 – 8/23
Monday, Aug 19, 2024 Tuesday, Aug 20, 2024 Wednesday, Aug 21, 2024 Thursday, Aug 22, 2024 Friday, Aug 23, 2024 The post Summary 8/19 – 8/23 appeared first on Action Forex.
Karnataka pauses its circular for 15 days after two banks pledge to resolve issue, ET BFSI
BENGALURU: Chief Minister Siddaramaiah on Friday asked the Finance department to keep its August 12 circular asking all departments, universities, PSUs and local bodies to withdraw their deposits from State Bank of India (SBI) and Punjab National Bank (PNB) and end...
Eco Data 8/19/24 – Action Forex
Eco Data 8/19/24 - Action Forex GMT Ccy Events Actual Forecast Previous Revised 22:30 NZD Business NZ PSI Jul 40.2 23:50 JPY Machinery Orders M/M Jun 0.90% -3.20% GMT Ccy Events 22:30 NZD...
OpenAI Shuts Down Covert Iranian Influence Operation Leveraging ChatGPT
Rongchai Wang Aug 17, 2024 09:56 OpenAI has taken action against accounts linked to a covert Iranian influence operation using ChatGPT to generate content on various topics. OpenAI has recently taken decisive...
Eco Data 8/20/24
The post Eco Data 8/20/24 appeared first on Action Forex.
Karur Vysya Bank announces lowering of lending rates, BFSI News, ET BFSI
Kolkata: Karur Vysya Bank announced lowering of lending rates on Friday, a day after the country's largest lender State Bank of India made loans costlier.The private sector lender reduced its repo linked external benchmark rate by 15 basis points to 9.90%. The new...
Eco Data 8/21/24
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Apple opens NFC technology to developers for in-app contactless transactions, ET BFSI
Apple is starting with iOS 18.1, developers will gain access to its near-field communication (NFC) technology, allowing them to integrate contactless transactions directly into their apps. This move marks a significant shift from the company’s previous policy of...
A Comprehensive Guide to Getting Started with Sui (SUI)
Joerg Hiller Aug 17, 2024 08:50 Learn how to set up a wallet, use on-ramps, and bridge assets to get started with the Sui (SUI) ecosystem. Setting up a wallet and accessing SUI are often the first steps in...
NII, NIM, CRR — what do these key banking terms mean?, ET BFSI
As India's banking sector continues to evolve, understanding the intricacies of banking terminology has become essential for individuals and businesses alike. From NIM to NPA, and CRR to CASA, the world of banking is filled with acronyms and jargon that can leave even...
Eco Data 8/22/24
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How Branded Merchandise & Giveaways Can Power Your Small Business Marketing Strategy
How Branded Merchandise & Giveaways Can Power Your Small Business Marketing Strategy - Small Business Bonfire Home » Branding » How Branded Merchandise & Giveaways Can Power Your Small Business...
Stellar (XLM) Introduces Composable Data Platform for Enhanced Data Access
Alvin Lang Aug 17, 2024 07:13 Stellar (XLM) unveils its Composable Data Platform, aiming to revolutionize data access and distribution across its blockchain network. Stellar (XLM) has announced the launch of its...
Gold loan demand rises despite cash based disbursement curbs & price fluctuation, ET BFSI
MUMBAI: The demand for an analysis by rating agency Crisil showed that gold loans grew more than 20% in June over May 2024.Most banks and NBFC have maintained an LTV ratio of 60-65% despite regulatory requirement of 75% which gave them a cushion when gold prices fell...
RBI’s forex reserves fall $4.8 bn to $670 bn in week ended August 9, ET BFSI
The Reserve Bank of India’s foreign exchange reserves declined by $4.8 billion to $670.12 billion in the week ended August 9, with the central bank likely selling dollars in order to prevent excessive volatility in the exchange rate amid global market volatility.The...
Epic Systems customers will all use TEFCA to exchange health records
The eponymous sign outside Epic headquarters in Verona, Wisconsin.Source: Yiem via Wikipedia CCEpic Systems, the health-care software giant whose technology is used in thousands of hospitals and clinics across the country, said on Friday that it's planning on moving...
UAW president slams Stellantis CEO over job cuts, alleged price gouging
UAW President Shawn Fain chairs the 2023 Special Elections Collective Bargaining Convention in Detroit, Michigan, U.S., March 27, 2023. Rebecca Cook | ReutersDETROIT – United Auto Workers President Shawn Fain ratcheted up criticism of Stellantis CEO Carlos Tavares in...
Donald Trump could receive massive amount of funds from Adelson
Billionaire Republican megadonor Miriam Adelson appears to have a blank check policy when it comes to her support of former President Donald Trump, as she aims to help get him back to the White House.Adelson's political aide Andy Abboud was overheard telling attendees...
Eco Data 8/23/24
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Pantera Capital Explores Investment in NPC Labs’ B3 Platform
Lawrence Jengar Aug 17, 2024 07:54 Pantera Capital announces a strategic investment in B3, a platform by NPC Labs, aimed at advancing blockchain technology. Pantera Capital, a leading blockchain investment firm,...
Judge temporarily blocks sports streaming service Venu, ruling in favor of Fubo TV on antitrust concerns
A detail view of a broadcast camera is seen with the NFL crest and ESPN Monday Night Football logo on it during a game between the Chicago Bears and the Minnesota Vikings at Soldier Field in Chicago on Dec. 20, 2021.Icon Sportswire | Icon Sportswire | Getty ImagesA...
Spider Tanks Introduces ‘Tracks’: A Retro-Inspired Tank Body
Rongchai Wang Aug 16, 2024 17:51 Gala Games unveils 'Tracks,' a new tank body in Spider Tanks, featuring high energy gain and unique directional drive system. The latest addition to Gala Games' popular game...
Byron Allen draws ABC, CBS and NBC ire with late payments
Byron Allen, founder, chairman, and CEO of Entertainment Studios and Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | Afp | Getty ImagesBroadcast stations owned by Byron Allen —...
USD/CHF Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8666; (P) 0.8707; (R1) 0.8768; More…. Intraday bias in USD/CHF remains on the upside with focus on 38.2% retracement of 0.9223 to 0.8431 at 0.8734. Sustained break there will bring stronger rally to 61.8% retracement at 0.8920, even as a...
Bitcoin extends gain to 4%
Mt. Gox fund liquidation weighed heavily on bitcoin yesterday in what was an otherwise-strong environment for risk assets. It's been a tricky run for bitcoin as it disconnects from the tight correlation to the Nasdaq.I think that connection is ultimately restored and...
‘Deadpool & Wolverine’ is highest-grossing R-rated film of all time
Hugh Jackman and Ryan Reynolds star in Marvel's "Deadpool & Wolverine."DisneyThe trio of Ryan Reynolds, Hugh Jackman and Shawn Levy has captured lightning in a bottle with "Deadpool & Wolverine."As of Thursday, the Disney and Marvel film is the...
BitMEX Lists BANANAUSDT Perpetual Swap with Up to 10x Leverage
Peter Zhang Aug 16, 2024 18:29 BitMEX has launched the BANANAUSDT perpetual swap, allowing traders to leverage up to 10x. Trading began on August 16, 2024. BitMEX has officially announced the listing of the...
Bank credit growth slows while deposit expansion lags, intensifying system-wide challenges, ET BFSI
Credit offtake continues to moderate and is converging with the deposit growth highlighting the system-wide challenge in shoring up deposits.Credit offtake increased by 5.3% compared to December 2023, to reach Rs 168.1 lakh crore as of July 26, 2024. Growth in...
GBP/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.2811; (P) 1.2841; (R1) 1.2884; More… GBP/USD’s rise from 1.2664 resumed after brief consolidations and intraday bias is back on the upside. As noted before, pullback from 1.3043 could have completed at 1.2664 already. Further rally should be seen...
Amazon’s drone expansion plans spur pushback from Texas residents
An Amazon delivery drone is on display at Amazon's BOS27 Robotics Innovation Hub in Westborough, Massachusetts, on Nov. 10, 2022.Joseph Prezioso | AFP | Getty ImagesOn a recent weekday morning, John Case heard a familiar buzzing outside his quiet suburban home in...
Copper Is in a Full Bear Market :: InvestMacro
Source: Michael Ballanger (8/14/24)Even though copper prices bottomed on Thursday, Michael Ballanger of GGM Advisory Inc. still thinks Freeport-McMoRan Inc. (FCX:NYSE) is a Buy. Freeport-McMoRan Inc. (FCX:NYSE)Copper prices bottomed on Thursday, August 8, right before...
What are HDFC Bank stock prospects after MSCI rebalancing?, BFSI News, ET BFSI
The HDFC Bank stock saw a drop after MSCI revealed an increase in weight of the stock below market expectations.The MSCI said that HDFC Bank’s weight in the index will be increased in two phases, with a modest 25 basis points adjustment in the upcoming rebalancing on...
USD/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 147.76; (P) 148.58; (R1) 150.09; More… Immediate focus stays on 38.2% retracement of 161.94 to 141.67 at 149.41. Decisive break there will bring stronger rally to 61.8% retracement at 154.19, even as a corrective move. On the downside, break of...
Gala Games Unveils New Hero Card for The Walking Dead: Empires
Jessie A Ellis Aug 16, 2024 17:18 Gala Games introduces Eleonore, a new hero for The Walking Dead: Empires, with a card sale starting on August 16th. Gala Games has announced the addition of a new hero to its...
NAS100 set for Jackson Hole shake up? :: InvestMacro
NAS100 ↑ 13% from August lowFriday speech by Fed Powell to impact Fed cut betsWatch out for FOMC minutes mid-weekIndex trading roughly 7% away from all-time highKey levels – 18400, 19500, 20100It’s that time of the year again with the annual Jackson Hole Economic...
Binance Futures Announces 30,000 USDC Prize Pool in New Promotions
Lawrence Jengar Aug 16, 2024 16:40 Binance Futures introduces three promotions with a 30,000 USDC prize pool, offering loss protection for new traders and rewards for trading volume. Binance Futures has unveiled...
RBI bars NBFC-P2P to flex features like assured returns, liquidity options, ET BFSI
RBIIn a bid to improve the transparency and compliance, the Reserve Bank of India (RBI) on Friday tightened norms for Non Banking Financial Company-Peer to Peer (NBFC-P2P) Lending Platforms. The central bank has issued a set of revised guidelines, a move in response...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 147.76; (P) 148.58; (R1) 150.09; More… Intraday bias in USD/JPY is turned neutral as it retreated after failing to break through 38.2% retracement of 161.94 to 141.67 at 149.41. On the downside, break of 146.06 minor support will suggest rejection...
Ethereum Developers Discuss Pectra Upgrade and EIP 7732 in Latest Core Call
James Ding Aug 16, 2024 16:23 Ethereum developers convene for ACDE Call #194, discussing Pectra upgrade, EIP 7732, and pre-Merge tech debt reduction. On August 15, 2024, Ethereum protocol developers convened...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8666; (P) 0.8707; (R1) 0.8768; More…. Intraday bias in USD/CHF is turned neutral first as it retreated after hitting 0.8747. On the upside, sustained break of 38.2% retracement of 0.9223 to 0.8431 at 0.8734 will extend the rebound from 0.8431 to...
International students will offer a big boost to the US economy this back-to-school season :: InvestMacro
By Barnet Sherman, Boston University Of the millions of young adults heading off to college this fall, many will be international students. If trends continue, about 1 million students from around the world will come to the U.S. to pursue higher education this...
SBI-led banks key to IBC case against Jaiprakash Associates, BFSI News, ET BFSI
MUMBAI: State Bank of India (SBI), ICICI Bank and IDBI Bank hold the key to the Jaiprakash Associates (JAL) insolvency resolution with admitted claims of more than Rs 51,000 crore, one of the biggest cases since the Insolvency and Bankruptcy Code (IBC) came into force...
Cadillac reveals new ‘Opulent Velocity’ performance EV concept
Cadillac Opulent Velocity concept EVCadillacDETROIT — General Motors on Friday revealed a new all-electric Cadillac concept car designed to preview how the automaker plans to keep its high-performance V-Series vehicles relevant for EVs.The vehicle is called "Opulent...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0942; (P) 1.0980; (R1) 1.1010; More….. EUR/USD is staying in consolidation below 1.1046 and intraday bias remains neutral. Another rally is in favor as long as 1.0880 support holds. Firm break of 100% projection of 1.0665 to 1.0947 from 1.0776 at...
Offshore wind farms connected by an underwater power grid for transmission could revolutionize how the East Coast gets its electricity :: InvestMacro
By Tyler Hansen, Dartmouth College; Abraham Silverman, Johns Hopkins University; Elizabeth J. Wilson, Dartmouth College, and Erin Baker, UMass Amherst Offshore winds have the potential to supply coastlines with massive, consistent flows of clean electricity. One study...
RBI fines Poonawalla, Hinduja for pre-dated interest charge, KYC norms, ET BFSI
RBI fines Poonawalla, Hinduja for pre-dated interest charge, KYC normsTwo key NBFCs faced the heat of the Reserve Bank of India (RBI) as they wered fined by the central bank over violations of fair practices and KYC norms.A monetary penalty of Rs 10 lakh has been...
Bitfinex Launches Brand Hub for Latest Logos and Branding Guidelines
Rongchai Wang Aug 16, 2024 15:31 Bitfinex introduces a new Brand Hub, offering the latest logos and branding guidelines for media and public use. Bitfinex has unveiled a new Brand Hub designed to provide the...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2811; (P) 1.2841; (R1) 1.2884; More… Intraday bias in GBP/USD remains on the upside for retesting 1.3043 high. 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 close...
What is mpox? A microbiologist explains what’s known about this smallpox cousin :: InvestMacro
By Rodney E. Rohde, Texas State University On Aug. 14, 2024, the World Health Organization declared mpox a public health emergency of international concern. There have been over 15,600 cases and over 530 deaths reported in the Democratic Republic of the Congo and...
Weekly Focus – From Fear of Inflation to Fear of Slowdown
Over the summer, we have seen big moves in financial markets largely reflecting conflicting views of the US economy. During the first half of 2024, markets were often driven by concerns about persistently high US inflation and the implication that it would be...
Canara Bank jumps at opportunity to tap deposits as Karnataka snaps ties with SBI, PNB, ET BFSI
Bengaluru-headquartered Canara Bank has drawn up a strategy and assigned a team of top officials to tap funds the Karnataka Government has decided to withdraw from the State Bank of India (SBI) and Punjab National Bank (PNB) to shore up its deposits.“I held a detailed...
IBM Research Explores Generative AI for Business Applications
Ted Hisokawa Aug 16, 2024 14:25 IBM Research focuses on trustworthy generative AI models and infrastructure to tackle business challenges, addressing scalability and reliability issues. Generative AI is making...
Week Ahead – Jackson Hole and PMIs Enter the Spotlight
As recession fears ease, investors lock gaze on Jackson Hole Eurozone and UK PMIs to affect ECB and BoE expectations Canadian inflation could back third consecutive BoC cut Japan’s Nationwide CPI data also on the agenda Jackson Hole to test overly dovish Fed cut bets...
AUD/USD climbs as RBA maintains firm stance on interest rates :: InvestMacro
By RoboForex Analytical DepartmentThe Australian dollar (AUD) is witnessing a rise against the US dollar (USD) for the second consecutive day, reaching 0.6629. This upward movement is bolstered by the Reserve Bank of Australia’s (RBA) current policy stance. RBA...
Revised balance sheet, ET BFSI
New Delhi, IL&FS Financial Services (IFIN), a group company of debt-ridden IL&FS Ltd, has incurred a cumulative loss of Rs 5,654 crore for the five-consecutive fiscals -- from FY14 to FY18, according to the revised balance sheet of the firm undergoing...
Binance Announces $40,000 TON Token Voucher Spot Trading Tournament
Felix Pinkston Aug 16, 2024 14:02 Binance launches a spot trading tournament with a $40,000 TON token voucher prize pool. Participants must trade selected tokens during the promotion period. Binance, one of the...
XAUUSD: Formation of Bullish Pattern: Signs of Trend Continuation
Bearish Scenario: Sell positions below 2470 with TP1: 2463, TP2: 2460, TP3: 2456 intraday, with a stop loss above 2473 or at least 1% of the account capital. Bullish Scenario: Buy positions after a pullback above 2460 with TP1: 2470, TP2: 2480, and TP3: 2490 in...
Robinhood Markets, Inc. Reveals July 2024 Operating Metrics
Darius Baruo Aug 16, 2024 13:26 Robinhood Markets, Inc. (NASDAQ: HOOD) reports July 2024 operating data, highlighting growth in funded customers, assets under custody, and trading volumes. Robinhood Markets,...
India cenbank tightens rules for peer-to-peer lending platforms, ET BFSI
MUMBAI - India's central bank on Friday tightened norms for peer-to-peer (P2P) lending platforms as some of these entities have violated regulations.P2P lending sidesteps banks and financial institutions by connecting individual lenders with borrowers.Such platforms...
How Trump’s intimidation tactics have reshaped the Republican Party
Republican Presidential nominee and former President Donald J. Trump holds campaign rally at the Van Andel Arena in Grand Rapids, Michigan on July 20, 2024.Bill Pugliano | Getty Images News | Getty ImagesWhen U.S. congressman Tom Rice voted to impeach Donald Trump for...
Private jet flights: Covid-era demand wanes
A Gulfstream G-IV private jet flies past clouds at sunset on approach to Washington's Reagan National Airport on June 12, 2024, in Arlington, Virginia.J. David Ake | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert...
VT Markets becomes sponsor of Newcastle United FC
English Premier League football club Newcastle United FC has announced that it has agreed a multi-year partnership with VT Markets, an online financial trading platform. The Australia-based broker becomes the club’s Official Financial Trading Partner. VT Markets will...
Mahindra Finance appoints new CBO and CCO, BFSI News, ET BFSI
Mahindra Finance on Friday announced two senior leadership appointments viz. Bijoy Thaplial as the Chief Business Officer – Leasing, Partnerships, and Payments and Mod Narayan Singh as Chief Compliance Officer (CCO). The appointments will reinforce Mahindra Finance’s...
Yen and Swiss Franc Recover as Benchmark Yields Ease
As the US session gets underway, both Yen and Swiss Franc are beginning to recover, aided by the slight pullback in benchmark Treasury yields in the US and Europe. This recovery comes after a tough week for the two safe-haven currencies, which have been the worst...
Gilead alleges drug counterfeiting operation at NYC pharmacies
Gilead HIV prescription bottles seized at Best Scripts pharmacy.Courtesy: Gilead SciencesGilead Sciences says it uncovered a dangerous drug-counterfeiting operation in which its HIV medications were tampered with and improperly resold before reaching patients.The...
The German DAX Index has risen for 8 consecutive sessions. Malaysia’s GDP shows strong growth :: InvestMacro
By JustMarketsOn Thursday, the Dow Jones (US30) Index gained 1.61%, while the S&P 500 (US500) Index closed 1.39% higher. The NASDAQ Technology Index (US100) closed yesterday positive 2.34%. Signs of a strengthening US economy are driving stocks higher today after...
AUD/USD Climbs as RBA Maintains Firm Stance on Interest Rates
The Australian dollar (AUD) is witnessing a rise against the US dollar (USD) for the second consecutive day, reaching 0.6629. This upward movement is bolstered by the Reserve Bank of Australia’s (RBA) current policy stance. RBA Governor Michelle Bullock emphasized...
Karnataka suspends transactions with SBI and PNB over alleged embezzlement, ET BFSI
Mumbai/Bengaluru: A day after Karnataka finance department announced its decision to halt all transactions with State Bank of India (SBI) and Punjab National Bank (PNB) over alleged embezzlement of govt funds deposited with these financial entities, both the banks...
GeForce NOW and CurseForge Enable Mod Support for ‘World of Warcraft: The War Within’
Jessie A Ellis Aug 16, 2024 12:29 GeForce NOW collaborates with CurseForge to bring mod support to 'World of Warcraft: The War Within' in the cloud. Explore new addons and features. GeForce NOW members can now...
British fintech Revolut valued at $45 billion in secondary share sale
Revolut cards are seen in this illustration photo taken in Krakow, Poland on March 29, 2024.Jakub Porzycki | Nurphoto | Getty ImagesBritish fintech startup Revolut on Friday said that it was valued at $45 billion in a secondary share sale with existing and new...
Euro Edges Higher, US Dollar Under Pressure
The euro has edged higher on Friday. In the European session, EUR/USD is trading at 1.0994, up 0.21% on the day at the time of writing. The US dollar is under pressure and the euro rose as much as 1.2% this week before paring about half of those gains. On Wednesday,...
FCA cancels permission of Wolverhampton Wanderers Football Club (1986) Limited
The UK Financial Conduct Authority (FCA) has cancelled the permission and withdrawn the authorisation of Wolverhampton Wanderers Football Club (1986) Limited. The reason for this action is that the Authority considers the firm is carrying on no regulated activities to...
What are the minimum balance charges of savings account? HDFC Bank vs ICICI Bank vs PNB vs SBI vs Yes Bank compared, ET BFSI
Maintaining a minimum balance in your savings bank account is important since many banks charge customers in case they fail to maintain a minimum balance. This requirement ensures that account holders maintain a certain level of funds, which helps cover the cost of...
New Zealand Dollar Stems Slide
The New Zealand dollar has rebounded on Friday after a 1.4% slide over the past two days. NZD/USD is trading at 0.6017, up 0.70% in the European session at the time of writing. Solid US numbers raises risk appetite Exactly two weeks ago, a soft employment report out...
NVIDIA NIM Microservices Enhance LLM Inference Efficiency at Scale
Luisa Crawford Aug 16, 2024 11:33 NVIDIA NIM microservices optimize throughput and latency for large language models, improving efficiency and user experience for AI applications. As large language models (LLMs)...
These 8 banks have revised loan interest rates in August, ET BFSI
The Reserve Bank of India (RBI) kept the repo rate unchanged at 6.50 percent at the latest monetary policy meeting. Many lenders have revised their marginal cost of lending rates (MCLR). Under the marginal cost-based lending rates (MCLR) regime, banks modify their...
Tax cuts, housing incentives, more price caps
U.S. Vice President Kamala Harris delivers remarks on Medicare drug price negotiations, at an event with U.S. President Joe Biden in Prince George's County, Maryland, U.S., August 15, 2024. Elizabeth Frantz | ReutersVice President Kamala Harris on Friday will unveil a...
EUR/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.0942; (P) 1.0980; (R1) 1.1010; More….. Intraday bias in EUR/USD remains neutral and more consolidations would be seen below 1.1046. But another rally is in favor as long as 1.0880 support holds. Firm break of 100% projection of 1.0665 to 1.0947...
Streaming is getting more expensive for consumers. Here’s why
Jaque Silva | SOPA Images | Lightrocket | Getty ImagesStreaming is finally starting to pay off for media companies, but there's a catch — to get there, consumers are facing higher subscription costs and increasingly frequent price hikes.Legacy media companies entered...
Uniswap (UNI) Announces $2.35M Prize Pool for v4 Security Competition
Joerg Hiller Aug 16, 2024 10:37 Uniswap (UNI) Labs teams up with Uniswap Foundation and Cantina to host the largest DeFi security competition with a $2.35M prize pool. Uniswap (UNI) Labs, in collaboration with...
NVIDIA Unveils Pruning and Distillation Techniques for Efficient LLMs
Rebeca Moen Aug 16, 2024 10:55 NVIDIA introduces structured pruning and distillation methods to create efficient language models, significantly reducing resource demands while maintaining performance. Large...
Real estate creditors see Rs 3.4 lakh crore recoveries under IBC, ET BFSI
The Insolvency and Bankruptcy Code (IBC) has facilitated the resolution of 46% of the insolvency cases admitted in the real estate sector as of June 2024, according to data from the Insolvency and Bankruptcy Board of India (IBBI). Out of 1,400 insolvency cases...
USD/JPY Analysis: Rate Surpasses 149 Yen Per Dollar
As the USD/JPY chart indicates, the rate has risen approximately 5.4% above the August 5 low. On one hand, the yen’s weakening against the U.S. dollar is partly driven by rumours that the Bank of Japan might intervene not to support the weak yen (as when the rate was...
Market Analysis: Gold and Oil Prices Aim For Further Gains
Gold price started a fresh increase above the $2,432 resistance level. Crude oil prices are gaining bullish momentum and might even test $80.00. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a steady increase from the $2,400 zone...
Saxo Japan suspends fixed spreads on AUD/JPY
Saxo Bank Securities Co., Ltd., the Japanese subsidiary of multi-asset investment specialist Saxo Bank, today issued a brief notice regarding trading conditions. The broker has decided to suspend fixed spreads on the AUD/JPY currency pair. The change is announced...
Everything You Need to Know about Web Wallet
Cryptocurrency and digital assets such as NFTs have emerged as prominent attractions in the digital landscape. The technical challenges associated with management of digital assets create the need for tools like web wallets. The curiosity to learn web wallet...
Yes Bank appoints veteran banker Sumit Bali to head its retail business, ET BFSI
Indian private lender Yes Bank has appointed veteran banker Sumit Bali to head its retail business and collections, three sources directly familiar with the matter said on Friday.Bali will join Yes Bank from Aug. 26 and report to executive director Rajan Pental, one...
Recovery via IBC up in June quarter at 31.12%, BFSI News, ET BFSI
Recovery from defaulters under the insolvency law rose to 31.12% of the creditors' claims in the June quarter from 25% in the previous three months, showed the data released by the bankruptcy regulator.However, it's marginally lower than the longer-term recovery rate...
NVIDIA NIM Utilized for Advanced Financial Market Scenario Generation
James Ding Aug 16, 2024 09:57 NVIDIA NIM leverages generative AI for advanced financial market scenario generation, aiding risk management and investment decision-making. According to NVIDIA Technical Blog,...
GBP/USD Extends Gains as Retail Sales Bounce Back
The British pound has extended its gains on Friday. GBP/USD is trading at 1.2887 in the European session, up 0.31% on the day at the time of writing. It has been a winning week for the pound, which has climbed 1%. UK retail sales jump in July There was more good news...
FCA fines PwC £15M for failing to alert regulator about suspected fraudulent activity at LCF
The UK Financial Conduct Authority (FCA) has fined PricewaterhouseCoopers LLP (PwC) for failing to report to the regulator their belief that London Capital & Finance plc (LCF) might be involved in fraudulent activity. This is the first time the FCA has fined an...
Shriram Finance in talks with climate-based funds to raise capital for EV financing, ET BFSI
Mumbai: Shriram Finance, the country’s largest auto-focused, non-bank lender, has begun an initial round of discussions with climate focused private equity funds to raise capital for financing electric vehicles. Currently, the share of EVs in the Rs2.33 lakh crore...
Eurozone goods exports fall -6.3% yoy in Jun, goods imports down -8.6% yoy
Eurozone goods exports fell -6.3% yoy to EUR 236.7B in June. Goods imports fall -8.6% yoy to EUR 214.3B. Trade balance showed a EUR 22.3B surplus. Intra-Eurozone trade fell -8.5% yoy to EUR 214.5B. In seasonally adjusted term, goods exports fell -0.2% mom to EUR...
Finance ministry permits 15 securities firms to undertake Aadhaar-based verification of clients, ET BFSI
The finance ministry has permitted 15 securities firms, including SBICAP Securities, IIFL Securities, and Angel One, to conduct Aadhaar authentication of their customers. The Revenue Department under the finance ministry has issued a notification under the Prevention...
BitMEX Launches ATHUSD Perpetual Swap with 10X Leverage
Tony Kim Aug 16, 2024 09:03 BitMEX introduces the ATHUSD perpetual swap, offering traders up to 10x leverage. The new listing is now live for trading. Leading cryptocurrency exchange BitMEX has announced the...
Kroger plans to lower prices by $1 billion after Albertsons merger closes
A Kroger grocery store in Dallas, Texas, US, on Wednesday, Feb. 21, 2024.Shelby Tauber | Bloomberg | Getty ImagesSupermarket chain Kroger plans to lower grocery prices by $1 billion after the completion of its proposed $25 billion merger with smaller rival Albertsons,...
ASX sees net profit decline in FY24
ASX today posted its financial results for the fiscal year to June 30, 2024. ASX delivered FY24 operating revenue of $1.03 billion, a 2.4% increase on the prior corresponding period (pcp) and a record revenue performance for ASX. Performance across ASX’s four lines of...
Special fixed deposit rates approach 9% as banks rush to raise funds, ET BFSI
Amid slow deposit growth, banks in India are increasingly turning to special fixed deposit (FD) schemes to attract funds. RBL Bank and Bandhan Bank launched new FD schemes this week, offering interest rates as high as 8.8% on tenures of 500 days, and one year and nine...
Strong US Retail Sales Send Yields Soaring
In focus today Today we get UK retail sales data for July at 8.00 CET. According to polls from Reuters, analysts expect overall retail sales to grow by 0.5% m/m and retail sales excl. fuels to grow by 0.8% m/m. In the US, the University of Michigan Consumer Sentiment...
RBI moves to drain liquidity as banking surplus persists, BFSI News, ET BFSI
The Reserve Bank of India (RBI) has stepped up its liquidity mop-up efforts in August, conducting variable rate reverse repo (VRRR) auctions almost daily to manage the ongoing surplus in the banking system. This action aligns with the central bank's shift away from...
Indian firms and the impact of Japan’s positive interest rates policy shift, ET BFSI
The move to positive rates, even if minimal, is likely to trigger a gradual repatriation of Japanese capital.In a significant shift that reverberated across global financial markets, the Bank of Japan (BOJ) recently ended its eight-year experiment with negative...
FX option expiries for 16 August 10am New York cut
There are a couple to take note of on the board, as highlighted in bold.And they are both for EUR/USD at the 1.0960 and 1.1000 levels. The latter is the bigger one and arguably of more interest, given similar expiries in the past few days as well. Following the...
New Lincoln Navigator includes spa mode, 48-inch display for gaming
2025 Lincoln NavigatorLincoln Ford Motor is updating its Lincoln Navigator to include a 48-inch front display that can be used as a "sanctuary" for spa lovers and gamers alike.The new feature comes as the automaker has redesigned the exterior and interior of the...
U.S., Brazil back fresh Venezuela election despite government, opposition rebuffs
A man waves a Venezuelan flag as demonstrators clash with police officers during a protest against President Nicolas Maduro's government in Caracas on July 29, 2024, a day after the Venezuelan presidential election. Protests erupted in parts of Caracas Monday against...
Risk-On Sentiment Sweeps Markets, Weighs on Safe Haven Currencies
Yen, Swiss Franc, and to a lesser extent, Dollar are trailing at the bottom of the weekly currency performance chart. Strong risk-on sentiment has swept through the US markets, and the positive momentum continued in Asia. This shift in sentiment was ignited by...
Binance Introduces Toncoin (TON) Super Earn with Special APR for Limited Time
Tony Kim Aug 16, 2024 07:27 Binance announces a limited-time offer for Toncoin (TON) Super Earn, allowing users to earn special APR through Simple Earn Locked Products. Binance has unveiled a new promotion,...
FINRA imposes $225k fine on American Portfolios Financial Services
American Portfolios Financial Services, Inc. has agreed to pay a fine of $225,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). Between January 2019 and August 2022, American Portfolios opened new accounts for multiple customers...
Cybercrime on the Rise: 2024 Mid-Year Crypto Crime Report Highlights
Terrill Dicki Aug 16, 2024 07:56 Chainalysis reports a 20% drop in overall crypto crime in 2024, but stolen funds and ransomware incidents are surging. According to a recent report by Chainalysis, while overall...
Gold-loan NBFCs grow in India despite cash disbursement restriction: Report, ET BFSI
New Delhi, Non-banking financial companies (NBFCs) focusing on gold loans are expected to see reasonable growth in disbursements this fiscal as demand for credit remains strong, a report showed on Friday.A CRISIL Ratings analysis of gold-loan NBFCs found that growth...
India central bank asks banks to push direct rupee-dirham settlement, sources say, ET BFSI
By Nimesh Vora and Jaspreet KalraMUMBAI - The Indian central bank has told banks that deal with the United Arab Emirates (UAE) to settle at least a part of their trade payments directly using the rupee and dirham, according to five banking sources. The Reserve Bank of...
Exclusive: Trading 212 acquires FXFlat
FNG Exclusive… FNG has learned that London/Sofia based online broker Trading 212 has acquired Germany based Retail FX and CFDs broker FXFlat. The parties did not disclose the financial terms of the transaction. Rafael Neustadt FXFlat is a Ratingen, Germany based...
What’s next for Biden’s Medicare drug price negotiations
U.S. President Joe Biden and Vice President Kamala Harris walk out together, at an event on Medicare drug price negotiations, in Prince George's County, Maryland, U.S., August 15, 2024. Ken Cedeno | ReutersThe Biden administration on Thursday reached a milestone in...
‘You know what to do in the stock market’
Eric Schmidt, who led Google for a decade, told Stanford students that, while he's not one to give investment advice, he sees an obvious play in the stock market that doesn't involve buying shares of his former employer.Schmidt said, in a video that was posted by...
Nasdaq 100: Bears May Still Be Lurking Around the Corner
The market seems to be focused now on growth-related macro data rather than inflation risk. Another softer US retail sales may spark another recession aka hard-landing fear. The rise of the VVIX / VIX ratio may see another potential spike in the VIX. Watch the 19,230...
NVIDIA Opens Applications for $60,000 Graduate Fellowship Awards
Terrill Dicki Aug 14, 2024 05:53 NVIDIA's Graduate Fellowship Program is now accepting applications, offering up to $60,000 for doctoral students in AI, machine learning, and more. NVIDIA has announced the...
Lawmakers letter to Meta CEO Mark Zuckerberg about illicit drug ads
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during an interview on "The Circuit with Emily Chang" at Meta headquarters in Menlo Park, California, US, on Thursday, July 18, 2024. Jason Henry | Bloomberg | Getty ImagesA bipartisan group of lawmakers...
US retail sales rose 1% mom in Jul, ex-auto sales up 0.4% mom
US retail sales rose 1.0% mom to USD 709.7B in July, above expectation of 0.3% mom. Ex-auto sales rose 0.4% mom to USD 576.1B, above expectation of 0.1% mom. Ex-gasoline sales rose 1.0% mom to USD 657.1B. Ex-auto& gasoline sales rose 0.4% mom to USD 523.4B. Total...
Spreadex sponsors Sheffield United FC
For the second time this week, financial spread betting and sports betting firm Spreadex is sponsoring a football club in the EFL Championship, the second tier of English football. After earlier reporting that Spreadex was renewing its sponsorship of Watford FC,...
Goldman Sachs jumps into bitcoin ETFs while Morgan Stanley retreats
When the SEC opened the door in January for bitcoin exchange-traded funds to hit the mainstream, many traditional financial institutions across Wall Street and beyond finally had the opportunity to buy into crypto. Since then, money has poured in, but in fits and...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0981; (P) 1.1014; (R1) 1.1046; More….. Intraday bias in EUR/USD is turned neutral with current steep retreat. Some consolidations would be seen first. But another rally is in favor as long as 1.0880 support holds. Firm break of 100% projection of...
United CEO expresses ‘renewed confidence’ in Boeing after meeting CEO
United Airlines CEO Scott Kirby celebrates the opening of a new addition to its Flight Training Center in Denver, Colorado, on Feb. 22, 2024.Hyoung Chang | Denver Post | Getty ImagesUnited Airlines CEO Scott Kirby says he is optimistic about Boeing's recovery after...
Bitcoin skids to test the lows of the week, falling nearly $2000
Bitcoin has fallen nearly $2000 in the last 30 minutes, dropping to $57,600.The low so far matches the one from earlier in the week and that should provide some support.bitcoin hourlyA break lower could complete the round trip to $55,000 and wouldn't bode well for the...
Google’s Gemini AI Transforms Android Experience
James Ding Aug 14, 2024 06:12 Google introduces Gemini AI to enhance Android's functionality with a focus on privacy and on-device processing. Google has unveiled its latest innovation for Android, introducing...
Capital.com launches bug bounty programme with Intigriti in Cybersecurity push
Leading Retail FX and CFDs broker Capital.com has announced the launch of a public bug bounty programme hosted on leading crowdsourced security platform, Intigriti. This initiative highlights the company’s proactive approach to cybersecurity and commitment to...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2806; (P) 1.2838; (R1) 1.2857; More… Intraday bias in GBP/USD is turned neutral with current retreat and some consolidations would be seen below 1.2872 temporary top. But further rise is in favor as long as 1.2754 minor support holds. As noted...
Walmart says prices are coming down — except in one key area
A customer pushes her shopping cart through the aisles at a Walmart store in the Porter Ranch section of Los Angeles.Kevork Djansezian | ReutersPrices of many groceries and other items have fallen at Walmart, according to CEO Doug McMillon.Yet the leader of the...
Bank of America to be Official Bank Sponsor of FIFA World Cup 26
FIFA today announced Bank of America as the Official Bank Sponsor of FIFA World Cup 26. Through this new partnership, FIFA and Bank of America will work together to support the growth of the global game and the tournament’s impact on football fans of all ages,...
U.S. retail sales starts third quarter on an upbeat note
Retail sales rose 1.0% for the month of July. That was much higher than the consensus forecast calling for a more moderate increase of 0.4%. However, June’s figure was revised downward to -0.2% month/month (previously flat). Trade in the auto sector was up 3.6% m/m,...
Gemini AI Transforms Mobile Devices into Powerful Assistants
Luisa Crawford Aug 14, 2024 06:32 Google's Gemini app enhances mobile devices with AI capabilities, assisting with tasks like updating shopping lists and drafting emails. Google's Gemini app, launched less than...
Pixel Watch 3 Introduces AI-Driven Features for Better Health and Convenience
Rebeca Moen Aug 14, 2024 07:01 Google's Pixel Watch 3 leverages AI for advanced health tracking, call management, and emergency detection. Google's latest Pixel Watch 3 is set to revolutionize the wearable tech...
Chili’s sales boosted by TikTok, fast food rivalry
An ad campaign targeting fast-food chains and a TikTok-viral appetizer helped Chili's same-store sales climb nearly 15% in its latest quarter.But Kevin Hochman, CEO of parent company Brinker International, told CNBC that the chain's strong performance is just a sign...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8625; (P) 0.8643; (R1) 0.8669; More…. Intraday bias in USD/CHF is back on the upside as rise from 0.8413 resumed by breaking through 0.8710. Focus is now on 38.2% retracement of 0.9223 to 0.8431 at 0.8734. Sustained break there will bring stronger...
Exclusive: Funds for Traders shuts after Eightcap cuts MT4/MT5 for prop firms
FNG Exclusive… FNG has learned that Netherlands based retail prop trading firm Funds for Traders (at website fundsfortraders.com) is shutting down. The company’s website is now showing a message (see full text below) stating that the company’s executing broker,...
Trump seeks hush money sentencing delay until after election
Republican presidential candidate and former U.S. President Donald Trump attends a press conference, the day after a guilty verdict in his criminal trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016,...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 146.40; (P) 147.00; (R1) 147.91; More… Immediate focus is now on 38.2% retracement of 161.94 to 141.67 at 149.41 as USD/JPY’s rebound from 141.67 extends. Decisive break there will bring stronger rally to 61.8% retracement at 154.19, even as a...
Google Unveils AI-Enhanced Pixel 9 and Pixel 9 Pro Fold at Made by Google 2024
Timothy Morano Aug 14, 2024 07:25 Google's 2024 event highlights AI advancements in Gemini, Android, and new Pixel devices including Pixel 9 and Pixel 9 Pro Fold. Google has unveiled its latest innovations at...
TipRanks founders, employees, investors bought out by Prytek after receiving $200M outside offer
Retail trader investment tools and research provider TipRanks has announced that its largest shareholder, IT investment house Prytek, has taken its stake in the company from 40% to 80%, after buying out company founders Uri Gruenbaum and Gilad Gat, other company...
NBC NBA media rights key for Peacock streaming growth
The NBA logo is seen outside an NBA fan store in New York on July 8, 2024. Angela Weiss | AFP | Getty ImagesExecutives at Comcast's NBC Sports targeted the NBA's media rights renewal on their calendars for years. They wanted the NBA back after losing the games to...
EUR/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 161.02; (P) 161.81; (R1) 163.02; More… EUR/JPY’s break of 38.2% retracement of 175.41 to 154.40 at 162.42 suggests that fall from 175.41 has completed at 154.40. Rise from there is now seen as the second leg of the corrective pattern from 175.41....
Cisco stock has best day since 2020 on earnings beat, 7% job cuts
Cisco CEO Chuck Robbins participates in a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023.Hollie Adams | Bloomberg | Getty ImagesCisco shares jumped about 8% on Thursday and headed for their best day since March 2020,...
AI supercharges data center energy use – straining the grid and slowing sustainability efforts :: InvestMacro
By Ayse Coskun, Boston University The artificial intelligence boom has had such a profound effect on big tech companies that their energy consumption, and with it their carbon emissions, have surged.The spectacular success of large language models such as ChatGPT has...
Gala Games Introduces Superior’s Challenge Mode for Elite Hunters
Caroline Bishop Aug 14, 2024 09:11 Gala Games launches Superior's Challenge Mode, testing players' speed and skills against power-crazed superheroes. Weekly updates ensure constant competition. Gala Games has...
Retail Sales Is Counterprogramming the Job Report
Summary In the month of July retailers saw a sales increase of $6.8 billion, or 25% of the total gain from the prior two years in a single month. While most of that was an autos bounce after an ugly June, gains were broadly based and thus at odds with reports of a...
Vance accepts VP debates with Walz on Oct. 1 and Sept. 18
Democratic vice presidential candidate Minnesota Gov. Tim Walz (R), and Republican vice presidential candidate, Sen. J.D. Vance (R-OH).Getty ImagesRepublican presidential running mate JD Vance said Thursday he will debate Democratic vice presidential nominee Tim Walz...
Fed’s Musalem: Time may be nearing for policy adjustment
St. Louis Fed President Alberto Musalem indicated today that the balance of risks between inflation and unemployment has shifted, becoming “more balanced”. Speaking at an event, Musalem expressed increased confidence in the inflation outlook, noting that recent data...
Equiti becomes sleeve sponsor of Al Wahda FC
UAE based global online brokerage Equiti Group has announced its sponsorship of Abu Dhabi’s Al Wahda Football Club. The company said that this investment is more than just a sponsorship; it’s a celebration of community spirit and a commitment to supporting local...
Riot Platforms Increases Stake in Bitfarms to 18.9%
Felix Pinkston Aug 14, 2024 09:27 Riot Platforms, Inc. has announced an increase in its ownership of Bitfarms Ltd., now holding 18.9% of the company's common shares. Riot Platforms, Inc. (NASDAQ: RIOT) has...
GBP/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 188.05; (P) 188.74; (R1) 189.62; More… GBP/JPY’s break of 38.2% retracement of 208.09 to 180.00 at 190.73 argues that the decline from 208.09 has completed at 180.00 already. Rise from there is now seen as the second leg of the corrective pattern...
Binance to Delist Several Margin Trading Pairs on August 22, 2024
Timothy Morano Aug 14, 2024 12:04 Binance announces the delisting of several margin trading pairs, including BICO/BTC and DAR/BTC, effective August 22, 2024. Binance, one of the world’s leading cryptocurrency...
Indices rise amid lower inflation in the US. Oil returned to decline due to reduced tension in the Middle East :: InvestMacro
By JustMarketsAt the end of Wednesday, the Dow Jones (US30) Index gained 0.61%, and the S&P 500 (US500) Index closed with an increase of 10.38%. The NASDAQ Technology Index (US100) closed yesterday positive 0.03%. Stocks found support on Wednesday after the US CPI...
Lenders losing sleep over RBI’s new strictures, BFSI News, ET BFSI
Mumbai: Bankers are sweating over what is likely to be a tough time in the next fiscal year as the Reserve Bank of India (RBI) is expected to unleash stringent rules, tightening provisioning requirements for project finance, introducing a new expected credit loss...
Australian Dollar Rises on Strong Job Growth
The Australian dollar is in positive territory on Thursday. AUD/USD is trading at 0.6607 in the European session, up 0.16% on the day at the time of writing. Earlier, the Aussie rose as high as 0.6633 (0.48%) before retracting. Australian job growth jumps but...
Trump’s Potential Victory and Its Impact on Bitcoin (BTC)
Timothy Morano Aug 15, 2024 01:22 Analyzing the potential impact of a Trump presidency on Bitcoin (BTC) and the broader crypto market, including his policies and VP pick J.D. Vance. As the 2024 U.S. Presidential...
Business betting on Trump win, c-suite advisor says
Republican presidential nominee, former U.S. President Donald Trump gives a speech during a campaign rally at Harrah's Cherokee Center in Asheville, North Carolina, United States on August 14, 2024. Anadolu | Anadolu | Getty ImagesU.S. business leaders are "in denial"...
Zip announces partnership with Stripe in the US
Zip (ASX:ZIP), a digital financial services company, today announced its integration as a payment method for U.S. merchants using Stripe. With the new integration, eligible merchants can easily enable Zip as a payment method with a single click, which can help attract...
Retail Sales Strength Sparks US Market Surge, Recession Fears Subside
The US markets reacted positively today to stronger-than-expected retail sales data, which posted its fastest growth in a year and a half. Additionally, better-than-expected jobless claims numbers helped alleviate concerns about weaknesses in the employment market....
Here’s the full list, BFSI News, ET BFSI
Banks to be shut for as many as 16 days in September 2024 according to the Reserve Bank of India. This includes the weekend holidays, that is, the second and fourth Saturdays and all Sundays. Internet banking services will continue to be operational during these days....
Lockheed Martin to take Terran Orbital private in $450 million deal
Terran Orbital's banner above the New York Stock Exchange on March 28, 2022.Terran OrbitalLockheed Martin is buying Terran Orbital, the company announced Thursday, with the defense giant reaching a deal to take the struggling spacecraft manufacturer private.The...
Philly schools are in disrepair − the municipal bond market is 1 big reason :: InvestMacro
By David I. Backer, West Chester University of Pennsylvania The Conversation, CC BYMany of Philadelphia’s schools are in terrible shape. The average public school building in the city is over 70 years old, and some are over 120 years old. The state of disrepair,...
US initial jobless claims fall to 227k, vs exp 239k
US initial jobless claims fell -7k to 227k in the week ending August 10, lower than expectation of 239k. Four-week moving average of initial claims fell -4.5k to 236.5k. Continuing claims fell -7k to 1864k in the week ending August 3. Four-week moving average of...
Exploring Registration-Based Encryption for Blockchain Key Distribution
Jessie A Ellis Aug 15, 2024 01:38 A new approach to key management on blockchains, registration-based encryption, offers promising advantages over traditional methods like public key directories and identity-based encryption. ...
Klarna launches bank-like personal account, cashback ahead of IPO
Buy now, pay later firms like Klarna and Block's Afterpay could be about to face tougher rules in the U.K.Nikolas Kokovlis | Nurphoto | Getty ImagesFinancial technology firm Klarna is pushing deeper into banking with its own checking account-like product and a...
Karnataka government suspends all dealings with SBI, PNB, BFSI News, ET BFSI
BENGALURU: Close on the heels of back-to-back incidents of alleged embezzlement of public funds, Karnataka govt on Wednesday ordered suspension of all transactions with two public sector banks — State Bank of India (SBI) and Punjab National Bank (PNB) — with immediate...
GBP/USD Analysis: Rate Steady After Key Data Releases
Yesterday, important U.S. inflation data was released, as reported by ForexFactory: → Core CPI (MoM): actual = 0.2%, forecast = 0.2%; previous = 0.1%; → CPI (YoY): actual = 2.9%, forecast = 3.0%; previous = 3.0%. Today, market participants learned about the change in...
FIS unlocks Neural Payments solution to its clients
FIS (NYSE:FIS) today announced that it is unlocking the Neural Payments solution to its clients, expanding the availability of peer-to-peer (P2P) payments by leveraging the company’s global scale and NYCE debit rails to bring this capability to a wider range of...
Where is the Money Going to Come From?
Have you ever had a financial year from h-e-double-hockey-sticks? Everything that can go wrong seems to be going wrong in the worst possible ways… and all at the same time. I’m in one of those years right now. I recently discovered I miscalculated my tax withholding,...
Amazon to test Prime Air drone delivery service in the UK
An Amazon delivery drone is on display at Amazon's BOS27 Robotics Innovation Hub in Westborough, Massachusetts, on Nov. 10, 2022.Joseph Prezioso | AFP | Getty ImagesAmazon and six other organizations have been selected to take part in a trial looking at expanding the...
NVIDIA Introduces Edify: Custom AI Model Training for Developers
Tony Kim Aug 15, 2024 01:58 NVIDIA Edify allows developers to create custom AI models using their own data, significantly enhancing content generation capabilities. NVIDIA has unveiled Edify, a cutting-edge AI...
Global banks’ tech revival sparks hope for $254 billion Indian IT sector, ET BFSI
By Sai Ishwarbharath B and Haripriya SureshBENGALURU - Global banks have started reviving the technology projects they put on ice in 2023, raising hopes for the $254 billion Indian IT sector that makes about a third of its revenue from banking, financial services and...
NZD/USD Looking for a Bigger Recovery
Looking at the 4-hour time frame of the Kiwi with ticker NZDUSD, we can see a strong rebound after a completed final subwave “v” of C of (C), as Zealand beat jobs data, so seems like a new three-wave A-B-C rally can be in play within higher degree wave (D) that can...
Bangladesh turmoil may slow financial reform, weaken banks, S&P says, ET BFSI
NEW DELHI/DHAKA -Political turmoil in Bangladesh is likely to slow planned financial reforms and has already added to weakness in the banking sector, S&P Global Ratings said on Wednesday.Prime Minister Sheikh Hasina quit and fled to India last week after...
Konsolidator introduces Banking app – FX News Group
Konsolidator introduces its newest application, Konsolidator Banking. This is in line with Konsolidator’s growth strategy, and growth initiatives announced in the annual report 2023. Konsolidator Banking allows the company to reach a new business segment by leveraging...
Binance Futures to Launch G and RARE Perpetual Contracts with Up to 50x Leverage
James Ding Aug 15, 2024 10:35 Binance Futures will introduce GUSDT and RAREUSDT perpetual contracts on August 15, 2024, offering up to 50x leverage, enhancing trading options. Binance Futures is set to expand...
Alibaba shares dip 3% in premarket after earnings miss expectations despite cloud acceleration
Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Friday, Aug. 2, 2024.Qilai Shen | Bloomberg | Getty ImagesAlibaba missed top and bottom line expectations for the June quarter of 2024 as it continues to face headwinds in its core...
Gold (XAU/USD) Bounces Back After US CPI, DXY Faces Challenges
Gold prices rebounded after a post-CPI selloff, aided by a struggling US Dollar Index. A sustained move above $2500/oz for gold may require an additional catalyst, like geopolitical risks. The DXY faces challenges and is likely to remain subdued, with technical...
Mars to acquire Kellanova in $36 billion deal
A box of Kellogg Co. Eggo brand frozen waffles is arranged for a photograph in New York.Tiffany Hagler | Bloomberg | Getty ImagesMars will acquire Kellanova for $35.9 billion in cash, tying together some of the largest U.S. candy and snack brands, the companies...
How to Have Better Sales Results with Valdez Lasartemay » 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...
PM Modi, BFSI News, ET BFSI
New Delhi, Indian banks are among the few banks that are strong globally, owing to major reforms undertaken by his government, Prime Minister Narendra Modi said on Thursday. Addressing the nation from the ramparts of historic Red Fort, the Prime Minister said a strong...
HKMA Warns Public of Fraudulent Social Media Account Impersonating Livi Bank
Timothy Morano Aug 15, 2024 10:52 The Hong Kong Monetary Authority (HKMA) alerts the public about a fraudulent social media account impersonating Livi Bank Limited, urging caution and reporting suspicious activities. ...
India set to be among top 3 world economies soon: Droupadi Murmu, ET BFSI
New Delhi, President Droupadi Murmu on Wednesday said that India is among the fastest-growing major economies, adding it was a matter of pride for everyone that the country has become the fifth-largest economy in the world, and is set to be among the top 3 global...
CFI sees 37% growth in trading volumes, 98% leap in active clients in Q2 2024
Leading online trading provider CFI has announced that it has continued its remarkable momentum from Q1 2024, achieving unprecedented milestones and setting new records in Q2 2024. This quarter’s achievements further solidifies CFI’s commitment to excellence,...
Privacy and Security Implications of CBDCs
Digital transactions have the power to shape the future of the financial services ecosystem around us. As the world welcomes new approaches to embracing digital currencies, Central Bank Digital Currencies or CBDCs offer the safest and most trusted alternatives. At the...
EUR/AUD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.6596; (P) 1.6648; (R1) 1.6748; More… Intraday bias in EUR/AUD remains neutral as range trading continues. Outlook stays bullish with 1.6474 support intact. On the upside, above 1.6798 minor resistance will bring retest of 1.7180 resistance first....
Alaska Airlines flight attendants reject new contract
An Alaska Airlines Boeing 737-900ER aircraft on the tarmac at Seattle-Tacoma International Airport (SEA) in Seattle, Washington, US, on Monday, Jan. 22, 2024. David Ryder | Bloomberg | Getty ImagesAlaska Airlines flight attendants rejected a new labor deal that would...
FTC bans fake reviews, social media influence manipulation
Federal Trade Commission Chair Lina Khan testifies during a hearing of the House Appropriations Subcommittee on Financial Services and General Government, May 15, 2024.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe Federal Trade Commission on Wednesday voted...
SBI hikes interest rates on these loans by 10 bps; check latest State Bank of India lending rates, FD interest rates, ET BFSI
The State Bank of India (SBI) has increased the marginal cost of funds-based lending rate (MCLR) on loan by 10 basis points (bps) yer again for certain durations. This action will result in higher costs for most consumer loans, such as auto or home loans, for the...
EUR/GBP Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8554; (P) 0.8573; (R1) 0.8605; More…. Intraday bias in EUR/GBP is turned neutral first with current retreat, and more consolidations could be seen below 0.8624. But outlook stays bullish as long as 38.2% retracement of 0.8382 to 0.8624 at 0.8532...
FCA censures Macintyre Hudson for failings in client asset reports
The UK Financial Conduct Authority (FCA) has censured the auditor Macintyre Hudson LLP (MHA) for failing to prepare client assets reports to the required standard. MHA failed to notify the FCA of rule breaches by firms it had audited, which could have put customers’...
NASA astronauts waiting for return decision
NASA astronauts Butch Wilmore, left, and Suni Williams pose inside the hatch connecting Boeing's Starliner to the International Space Station onNASALog entry: Day 71.Butch Wilmore and Suni Williams are waiting. Boeing is waiting. And throughout the halls of NASA,...
IBM Research Advances Trustworthy Generative AI for Data Augmentation
Joerg Hiller Aug 15, 2024 02:15 IBM Research unveils new frameworks for generative AI to enhance data augmentation and accelerate drug and material discovery. IBM Research has announced the development of new...
Bangladesh turmoil may slow financial reform, weaken banks, S&P says, ET BFSI
NEW DELHI/DHAKA -Political turmoil in Bangladesh is likely to slow planned financial reforms and has already added to weakness in the banking sector, S&P Global Ratings said on Wednesday.Prime Minister Sheikh Hasina quit and fled to India last week after...
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 161.02; (P) 161.81; (R1) 163.02; More… Intraday bias in EUR/JPY stays neutral and outlook remains bearish with 38.2% retracement of 175.41 to 154.40 at 162.42 intact. On the downside, below 157.71 minor support will bring retest of 154.40 first....
PSU banks’ Q1 results decent, but are valuations supportive of next leg of the rally?, ET BFSI
Despite a decent Q1 performance, PSU bank stocks have struggled over the past month, falling nearly 6% (as of August 13), with concerns over valuations in the overall PSU sector weighing on the market. Experts ETMarkets spoke to anticipate stock-specific action rather...
Columbia University president resigns months after Israel-Hamas war protests roiled campus
Columbia University President Nemat "Minouche" Shafik testifies before a House Education and the Workforce Committee hearing on "Columbia University's Response to Antisemitism," on Capitol Hill in Washington, U.S., April 17, 2024. Ken Cedeno | ReutersThe president of...
Interactive Brokers adds CFDs on US stocks and ETFs to overnight trading
Electronic trading major Interactive Brokers (NASDAQ:IBKR) today announced the expansion of its overnight trading offering to include Contracts for Difference (CFDs) on US stocks and ETFs. In addition to US Stocks, ETFs, and Index Options, this expansion allows...
Medicare releases prices for first 10 drugs subject to negotiations
Activists protest the price of prescription drug costs in front of the U.S. Department of Health and Human Services building in Washington, D.C., on Oct. 6, 2022.Anna Moneymaker | Getty ImagesThe Biden administration on Thursday will release prices for the first 10...
A New Downturn in the Crypto Market
Market Picture The cryptocurrency market retreated 2.9% over the past 24 hours to $2.08 trillion from levels near $2.15 trillion, which had been resistance for the past ten days. Despite moderate optimism in equities following the inflation data, cryptocurrencies...
PM Modi unfurls national flag at Red Fort on 78th Independence Day, pays tribute to ‘Azaadi ke deewane’: Key takeaways, ET BFSI
NEW DELHI: Prime Minister Narendra Modi on Thursday addressed the nation from the Red Fort for the 11th consecutive time as India celebrated 77 years of Independence, making him the third PM after Jawaharlal Nehru and Indira Gandhi to do so.The theme for this year's...
IBM Research Advances in Automation and Information Processing
Caroline Bishop Aug 15, 2024 02:44 IBM Research continues to lead in computer science, focusing on breakthroughs in automation, information processing, and computation. IBM Research remains a pivotal player in...
RBI’s revised deposit norms unlikely to be onerous for housing finance companies, ET BFSI
Deposit-taking housing finance companies (HFCs) are unlikely to face difficulty in complying with the Reserve Bank of India’s (RBI) revised norms for raising public deposits issued on August 12, 2024.A CRISIL Ratings analysis of the 121 HFCs accepting public deposits...
Schumer says a crypto bill can pass Senate this year; Dems join ‘Crypto4Harris’ call
US Senate Majority Leader Chuck Schumer presents US Vice President Kamala Harris with a "golden gavel" after she cast her 32nd tie-breaking vote in the Senate, the most ever cast by a Vice President, at the US Capitol in Washington, DC, December 5, 2023.Saul Loeb |...
Even as forex assets surge, RBI continues to buy gold aggressively, ET BFSI
Foreign currency assets worth $19 billion were added to the stock of reserves in the month of July in one month since certain Indian government bonds were included in the JP Morgan bond index.Of this, $3 billion worth flows were only for index eligible bonds, said...
Starbucks new CEO Brian Niccol compensation Chipotle
Brian Niccol, CEO of ChipotleAnjali Sundaram | CNBCStarbucks offered incoming CEO and Chair Brian Niccol a pay bump and hefty one-time awards to lure him from his prior role as chief executive at Chipotle Mexican Grill.Niccol officially takes the reins at the...
CQG adds study alerts, enhances profile charts in CQG One
CQG, a provider of high-performance technology solutions for traders, brokers, commercial hedgers and exchanges, has updated CQG One and CQG Desktop. CQG One & CQG Desktop Version 9.7 offer a series of enhancements: Charting Added option to hide drawing tools...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 188.05; (P) 188.74; (R1) 189.62; More… Intraday bias in GBP/JPY stays neutral and outlook remains bearish with 38.2% retracement of 208.09 to 180.00 at 190.73 intact. On the downside, below 186.46 minor support will turn intraday bias back to the...
Cisco (CSCO) earnings report Q4 2024
Cisco CEO Chuck Robbins participates at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023.Hollie Adams | Bloomberg | Getty ImagesCisco shares popped in extended trading on Wednesday after the networking company said it's cutting 7% of its global...
Offchain Labs Launches Tandem to Empower Blockchain Innovation
Rebeca Moen Aug 15, 2024 03:20 Offchain Labs introduces Tandem, a partner studio aimed at solving blockchain's toughest challenges through collaboration and investment. Offchain Labs has announced the launch of...
Banks bat for frequent Lok Adalats to settle small-value loans, ET BFSI
New Delhi: Banks have reached out to the government, making a case for more frequent Lok Adalats to be held through Debt Recovery Tribunals, or DRTs, to settle distressed loans out of court. A representation was made by a few public sector banks (PSBs) last month on...
Why RBI may not cut rates despite a fall in retail inflation, ET BFSI
The Reserve Bank of India has put to rest the debate over a proposal to ignore the food price spirals while taking policy rate decisions. RBI governor Shaktikanta Das is very candid in saying that the monetary policy committee cannot ignore the persistently high food...
PM Modi lays road to Viksit Bharat, announces 75k new medical seats, wishes to implement UCC, ET BFSI
Prime Minister Narendra Modi on Thursday delivered his 11th speech from the Red Fort on Independence Day. He covered a wide range of topics the in address that lasted for more than 90 minutes. Keeping up with the theme of Viksit Bharat 2047, the PM mentioned the road...
FX option expiries for 15 August 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.The first being for EUR/USD at the 1.1000 mark. That continues from yesterday and there will be large expiries at the figure level in play again tomorrow. As such, the expiries could offer a bit of...
Fintech firm Airwallex hits $500M ARR, plans to be IPO-ready by 2026
Airwallex, which was most recently valued at $5.6 billion and is backed by Tencent, has been tipped as one of many prominent fintech IPO candidates.Jose Sarmento | Bloomberg | Getty ImagesTencent-backed payments startup Airwallex has reached an annual revenue run rate...
Walmart reports its earnings before the bell. Here’s what to expect
Walmart will report quarterly earnings on Thursday, as investors and economists seek clarity about the health of American households and the outlook for the broader economy.Here's what analysts are expecting for the big-box retailer, according to consensus estimates...
Harris to propose federal ban on ‘corporate price-gouging’ in food and groceries
U.S. Vice President Kamala Harris delivers remarks during a campaign event at West Allis Central High School, in West Allis, Wisconsin, U.S., July 23, 2024. Vincent Alban | ReutersWASHINGTON — Vice President Kamala Harris plans to propose the first-ever federal ban on...
Aussie Rises on Strong Job Growth, But Gains Limited
Australian Dollar strengthened during Asian session today, buoyed by stronger-than-expected employment growth data. This positive surprise offered some support to Aussie, though gains were limited, failing to push the currency above yesterday’s high. The labor market...
Bitfinex Mobile App Version 7.0.0 Introduces New Features and Fixes
Joerg Hiller Aug 15, 2024 04:29 Bitfinex releases Version 7.0.0 of its mobile app, featuring new widgets, additional language support, and key fixes. Bitfinex has announced the release of Version 7.0.0 of its...
Binance registers as reporting entity with India’s Financial Intelligence Unit
Binance has registered as a reporting entity with India’s Financial Intelligence Unit (FIU). This achievement marks Binance’s 19th global regulatory milestone. Richard Teng, CEO of Binance, commented: “Our registration with the FIU-IND marks an important milestone in...
AUD/USD Outlook: Keeps Firm Tone Ahead of US Inflation Data
AUDUSD remains constructive and consolidating Tuesday’s 0.80% advance, as this morning’s RBNZ rate cut by 25 basis points negatively impacted Aussie dollar, but dips were limited, due to strong near-term bullish sentiment on revived risk appetite. Technical studies...
Trump economy speech North Carolina
Republican presidential candidate and former U.S. President Donald Trump arrives to cast his ballot for early voting in Florida's primary election in West Palm Beach, Florida, U.S. August 14, 2024. Marco Bello | ReutersRepublican presidential nominee Donald Trump will...
Ethereum Gently Gaining Momentum – Action Forex
Market Picture The cryptocurrency market added 2.2% in the last 24 hours to reach $2.14 trillion, a fresh attempt to climb into the upper half of last month’s trading range from where last week’s sell-off was intensified. Over the past 24 hours, the macroeconomic...
Grok-2 AI Models Introduced by x.ai, Offering Advanced Capabilities
Iris Coleman Aug 14, 2024 13:09 x.ai launches Grok-2 and Grok-2 mini, advanced AI models with text and vision understanding, available for premium users and developers. x.ai has unveiled its latest AI models,...
DraftKings reverses plans for a user tax as FanDuel wows Wall Street
Flutter reported phenomenal second-quarter earnings this week, wowing investors and sending shares up about 8% Wednesday as the company's FanDuel betting platform captures market share and grows revenue dramatically, even in well established states with sports betting...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0938; (P) 1.0969; (R1) 1.1024; More….. EUR/USD’s break of 1.1007 confirms resumption of whole rally from 1.0665. Intraday bias is staying on the upside for 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1058. Decisive break there could...
ElevenLabs Establishes European Headquarters in London
Peter Zhang Aug 14, 2024 14:48 AI audio company ElevenLabs has opened its European HQ in London to leverage the city's diverse talent pool and innovation ecosystem. AI audio company ElevenLabs has announced the...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2792; (P) 1.2833; (R1) 1.2903; More… Intraday bias in GBP/USD remains on the upside at this point. Pull back from 1.3043 could have completed at 1.2664 already. Further rise should be seen to retest 1.3043 resistance first. Firm break there will...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8630; (P) 0.8655; (R1) 0.8673; More…. Breach of 0.8631 minor support argues that USD/CHF’s rebound from 0.8431 might have completed at 0.8701 already. Intraday bias is mildly on the downside for retesting 0.8431 low. On the upside, however, firm...
Unlocking BNB Rewards: Utilizing Liquid Staking with slisBNB
Jessie A Ellis Aug 14, 2024 15:45 Discover how liquid staking with slisBNB can enhance BNB rewards, improve fund utilization, and secure the BNB Chain network. Liquid staking is gaining traction as a method for...
ATFX launches $1M client funds insurance via Lloyd’s
Leading global online broker ATFX has announced the launch of ATFX Client Funds Insurance. This comprehensive insurance policy assures the safety and security of client funds up to USD $1,000,000 per Claimant, further strengthening ATFX’s commitment to protecting...
Binance Futures to Launch USDⓈ-M BANANA Perpetual Contract with 50x Leverage
Ted Hisokawa Aug 14, 2024 16:59 Binance Futures announces the launch of the USDⓈ-M BANANA Perpetual Contract, offering up to 50x leverage, starting on August 15, 2024. Binance Futures, one of the leading...
White House hosts Creator Economy Conference to talk AI, privacy
U.S. President Joe Biden departs the White House on August 13, 2024 in Washington, DC. Biden is traveling to New Orleans to participate in a Biden Cancer Moonshot Event. Kevin Dietsch | Getty Images News | Getty ImagesThe White House hosted 100 digital content...
Chennai Metro commuters gets ready-to-use National Common Mobility Card, ET BFSI
Chennai Metro is now set to get instant issuance of ready-to-use mobility card enhancing their travel experience. Ongo, the digital payments platform of AGS Transact Technologies has announced the launch of ‘Ongo Ride’, an instant National Common Mobility Card (NCMC)...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 146.31; (P) 147.13; (R1) 147.66; More… No change in USD/JPY’s outlook and intraday bias stays neutral. Outlook stays bearish with 38.2% retracement of 161.94 to 141.67 at 149.41 intact and intraday bias stays neutral. Below 145.42 minor support will...
Market Analysis: AUD/USD Rallies While NZD/USD Trims Gains
AUD/USD is consolidating gains near the 0.6620 zone. NZD/USD is trimming gains and struggling to stay above the 0.6000 pivot zone. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar started a downside correction from 0.6640 against the US...
CMC Markets’ Deputy CEO and CFO acquire shares under incentive plan
CMC Markets Plc (LON:CMCX), a global provider of online trading and platform technology, today reported transactions in its shares by members of its top management. David John Fineberg, deputy CEO of CMC Markets, and Albert Soleiman, CFO of the broker, acquired shares...
Telegram Unveils Star Reactions, Subscriptions, and Super Channels
James Ding Aug 14, 2024 16:19 Telegram celebrates its 11th anniversary with new features like Star Reactions, Subscriptions, and Super Channels to enhance user experience and support content creators. Telegram,...
GBP/USD Shrugs as UK CPI Rises Less Than Expected
The British pound is showing limited movement on Wednesday. GBP/USD is trading at 1.2844 in the European session, down 0.15% on the day. UK inflation report supports case for September rate cut Headline inflation in the UK rose 2.2% y/y in July, up from 2% in June but...
CFTC orders Vitol to pay $500k penalty for position limit violations
The Commodity Futures Trading Commission (CFTC) today issued an order filing and settling charges against Vitol, Inc., based in Houston, Texas, and its affiliate, Vitol SA, headquartered in Geneva, Switzerland for exceeding the CFTC’s position limits on aggregate...
Ethereum (ETH) Price Predictions for 2024: Analysts Forecast Significant Gains
Ted Hisokawa Aug 14, 2024 15:28 Ethereum (ETH) price predictions for 2024 highlight potential significant gains, driven by ETFs and technological advancements, according to CoinGecko. Ethereum (ETH) is set to...
US: Inflationary Pressures Continue to Ease in July, Solidifying a September Rate Cut
The Consumer Price Index (CPI) rose 0.2% month-on-month (m/m) in July, bang-on the consensus forecast. On a twelve-month basis, CPI fell to 2.9% (from 3.0% in June). After exerting a measurable drag in each of the two prior months, energy prices were largely flat in...
USD/JPY Sees Retreat Amid US Dollar Weakness :: InvestMacro
By RoboForex Analytical DepartmentUSD/JPY has retreated from its peak this week, settling at 146.82. The yen gained some strength as the US dollar weakened following July’s lacklustre US Producer Price Index (PPI) data. This report bolstered market expectations for a...
India’s Trade Deficit widens to USD 23.5 Bn after narrowing in June, ET BFSI
Exports and imports in services stood at USD 28.43 billion and USD 14.55 billion respectively this month.India's trade deficit expanded in July 2024 at USD 23.5 Billion, driven by a combination of declining merchandise exports and rising imports, as released by the...
Sunset Market Commentary – Action Forex
Markets July US CPI inflation figures printed very close to consensus. Monthly inflation accelerated both on a headline and on a core level to 0.2% M/M. Details showed food prices rising by 0.2% M/M, energy prices flat, and services (ex. energy) rising by 0.3% M/M....
Hong Kong Monetary Authority Reports Tender Results for 1-Year HONIA-Indexed Floating Rate Notes
Zach Anderson Aug 14, 2024 13:53 The HKMA has announced the tender results for the 1-year HONIA-indexed Floating Rate Notes, with a bid-to-cover ratio of 4.56 and highest spread accepted at 0.22%. The Hong Kong...
SEC goes after Russell Todd Burkhalter, Drive Planning to halt $300M Ponzi scheme
The Securities and Exchange Commission (SEC) today announced that it obtained a preliminary injunction, asset freeze, and other emergency relief against Atlanta-based Drive Planning LLC and its founder and CEO, Russell Todd Burkhalter, to halt a $300 million real...
IREDA may set up arm to help finance small biz, retail clients, ET BFSI
Indian Renewable Energy Development Agency Ltd (IREDA), the state-run shadow bank whose shares have risen four-fold since last year's listing, plans to form a subsidiary to help finance small businesses and retail customers seeking to set up rooftop solar and...
Soft-Landing, or No Soft-Landing, That Is the Question: Part II
Part II: Quantifying Episodes of Soft-Landing, Stagflation and Recessions Summary In the second part of the series, we quantify episodes of soft-landings, stagflation and recessions during the post-1950 period. To the best of our knowledge, we are the first to present...
Illuvium’s Open Beta Launch: A New Era in Web3 Gaming
Alvin Lang Aug 14, 2024 14:14 Illuvium officially launches its Open Beta on Immutable (IMX), offering a unique web3 gaming experience with high-quality graphics and immersive gameplay. Illuvium has officially...
Bitcoin nears $60,000 as risk trades cool
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
UK considers tougher Online Safety Act after UK riots, Musk comments
As the riots raged in the U.K., Elon Musk began making incendiary comments about the situation, including the statement: "Civil war is inevitable." Musk is the owner of X, the social media platform formerly known as X.Aytug Can Sencar | Anadolu | Getty ImagesLONDON...
Is Gold Ready to Sail to All-Time High?
Gold moves sideways; faces resistance near 2,473 Technical signals are positive for a continuation to 2,500 ahead of CPI data Gold repeated its July bounce off the 200-period simple moving average (SMA) on the four-hour chart to re-examine the 2,473 resistance, which...
On breakout watch ahead of key events :: InvestMacro
Potential trading opportunities on horizon for CHINAHRaft of China data, Alibaba & JD.com earnings on ThursdayCHINAH respecting bearish channel on D1 chartsKey levels of interest – 5965, 6100 & 6225If you are seeking fresh market opportunities, then look no...
Muthoot Finance reports 28% growth in loan AUM, reaching Rs 98,048 cr in Q1 FY25, ET BFSI
The consolidated loan assets under management (AUM) of the gold loan company Muthoot Finance grew 28% Y-o-Y to Rs. 98,048 crores in Q1 FY25 as against Rs. 76,799 crores last year. During the quarter, consolidated loan AUM increased by 10% of Rs. 8,969 crores. The...
Binance to Delist Multiple Spot Trading Pairs on August 16, 2024
Rongchai Wang Aug 14, 2024 13:27 Binance announces the removal of several spot trading pairs due to poor liquidity and trading volume, effective August 16, 2024. Binance, one of the leading cryptocurrency...
RBI DG advocates for risk-based insurance premiums to strengthen financial stability, ET BFSI
“By tying insurance premiums to the level of risk posed by individual financial institutions, deposit insurers can incentivise banks to adopt stronger risk management practices," said Swaminathan J, Deputy Governor of the Reserve Bank of India, during a recent...
Muted Reaction to US CPI, Euro Leads While Kiwi Struggles
The market’s initial reaction to US CPI data has been relatively subdued. While both headline and core CPI readings slowed in July, they remain elevated. This ongoing disinflation is a positive sign for the Fed, but the pace is not rapid enough to justify a larger...
eToro launches three portfolios based on US political activity
Online brokerage eToro today launched three new Smart Portfolios, including one that copies Congress members’ stock buys. The portfolios, launched in partnership with investment research platform Quiver Quantitative, will all tap into publicly disclosed government...
Standard Chartered names Aditya Mandloi as Head, Wealth and Retail Banking, India and South Asia, ET BFSI
Standard Chartered Bank on Wednesday announced the appointment of AdityaMandloi as Head, Wealth and Retail Banking (WRB), for India and South Asia.He will be responsible for driving the WRB business in India, Bangladesh, Sri Lanka, and Nepal. Aditya has already worked...
Google live Gemini demo lifts pressure on Apple as AI hits smartphones
During Google's Pixel phone launch on Tuesday, a product director named David Citron took the stage to show off the mobile capabilities of the company's new AI assistant, Gemini. Things got awkward right after the presenter told the audience, "all the demos today are...
US CPI falls to 2.9% yoy in Jul, core CPI down to 3.2% yoy
US CPI rose 0.2% mom in July, matched expectations. CPI core (all items less food and energy) rose 0.2% mom, matched expectations. Energy prices were unchanged over the month while food prices increased 0.2% mom. For the 12-month period, CPI slowed from 3.0% yoy to...
Hong Kong Monetary Authority Announces Results of RMB Sovereign Bond Tenders
Felix Pinkston Aug 14, 2024 12:37 The Hong Kong Monetary Authority has revealed the outcomes of the RMB Sovereign Bond tenders held on 14 August 2024. The Hong Kong Monetary Authority (HKMA) has disclosed the...
Reddit’s increased reliance on Google traffic has Wall Street anxious
The trading floor of the New York Stock Exchange prepares for the social media platform Reddit's initial public offering in New York City on March 21, 2024.Spencer Platt | Getty ImagesFor nearly a decade, Tom Wahlin's popular travel gear site Pack Hacker ranked high...
RBNZ unexpectedly decreased the rate by 0.25%. Today the focus of investors is directed to the data on the inflation of the US and the UK :: InvestMacro
By JustMarketsOn Tuesday, the Dow Jones (US30) Index gained 1.04%, while the S&P 500 (US500) Index closed 1.68% higher. The NASDAQ Technology Index (US100) closed yesterday at a positive 2.43%. Stocks found support on Tuesday thanks to lower bond yields after US...
India’s biggest shadow bank Bajaj seeks up to $500 million loan, ET BFSI
India’s largest non-banking finance company by market value is planning to borrow up to $500 million offshore, people familiar with the matter said, the latest shadow financier to seek global funds after stricter regulations limited domestic options. Bajaj Finance...
EUR/GBP Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8529; (P) 0.8548; (R1) 0.8564; More…. EUR/GBP’s break of 0.8567 suggests that corrective pullback from 0.8624 has completed at 0.8530, after hitting 38.2% retracement of 0.8382 to 0.8624 at 0.8532. Intraday bias is back on the upside for retesting...
GBP/USD Outlook: Cable Dips on Softer Than Expected UK Data, Focus Shifts on US Inflation
Cable fell 0.35% in immediate reaction to softer than expected UK inflation numbers in July. Although the BoE expected inflationary pressure to rise after CPI stayed at 2% target in past two months, weaker than expected July figure adds to expectations for more rate...
Creating an ERC20 Token on BitTorrent Chain (BTTC): A Step-by-Step Guide
Lawrence Jengar Aug 14, 2024 11:44 Learn how to create your own ERC20 token on the BitTorrent Chain (BTTC) using the SimpleERC20 contract. Discover the potential of blockchain development. According to...
FSCS starts accepting claims against Central Markets Investment Management Ltd
The UK Financial Services Compensation Scheme (FSCS) has provided an update on Central Markets Investment Management Ltd. Central Markets Investment Management Limited (CMIML) went into creditors voluntary liquidation on 2 July 2024. Dominic Thiel-Czerwinke and Louise...
PSU banks’ Q1 results decent, but are valuations supportive of next leg of the rally?, ET BFSI
Despite a decent Q1 performance, PSU bank stocks have struggled over the past month, falling nearly 6% (as of August 13), with concerns over valuations in the overall PSU sector weighing on the market. Experts ETMarkets spoke to anticipate stock-specific action rather...
Binance Launches Crypto Lemonade Summer Promotion with 500,000 USDC in Rewards
Tony Kim Aug 14, 2024 10:24 Binance announces its Crypto Lemonade Summer promotion, offering users a chance to win a share of 500,000 USDC by participating in the referral program. Binance, one of the world's...
USD/JPY Sees Retreat Amid US Dollar Weakness
USD/JPY has retreated from its peak this week, settling at 146.82. The yen gained some strength as the US dollar weakened following July’s lacklustre US Producer Price Index (PPI) data. This report bolstered market expectations for a potential 50 basis point cut by...
UK regulator bans Martin Sarl for dishonest and reckless conduct
The UK Financial Conduct Authority (FCA) has banned Martin Sarl from working in the financial services industry and fined him £5,021 for acting without honesty and integrity. Between 7 November 2017 and 24 October 2019, Mr Sarl, who was the sole director at Perry...
Max Life total APE grows by 31 per cent and Profit before Tax by 46 per cent in Q1 FY25, ET BFSI
PRNewswireNoida (Uttar Pradesh) [India], August 14: Max Financial Services Limited has recorded consolidated revenue^ of Rs7,709 crore in Q1 FY25, a 21% growth buoyed by higher investment income. The consolidated revenue excluding investment income at Rs5,235 crore...
How to Become a Solana Developer?
Blockchain technology has become one of the prominent buzzwords for every business and individuals worldwide. Latest entries into the blockchain ecosystem, such as Solana, have gained massive levels of adoption in recent times. You can also become Solana developer and...
Leonardo AI Unveils Advanced Generative AI Masterclass
Luisa Crawford Aug 14, 2024 10:55 Explore Leonardo AI's advanced generative AI masterclass, featuring in-depth workflows with Phoenix, Edit with AI, Describe with AI, and more. Leonardo AI has launched an...
Insolvency Board mandates unique identification number for valuation reports, ET BFSI
The Insolvency and Bankruptcy Board of India will provide a unique identification number for each valuation report prepared under the insolvency law to ensure authenticity, the board said in a circular on Monday. IBBI is the designated authority for registration,...
Instagram not dealing with hate speech against women politicians: CCDH
Instagram has failed to remove toxic comments directed at Vice President Kamala Harris and other leading female politicians from its app as the 2024 election nears, according to research from the Center for Countering Digital Hate.The non-profit advocacy is analyzing...
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 160.79; (P) 161.29; (R1) 161.94; More… Intraday bias in EUR/JPY stays neutral at this point. Outlook stays bearish with 38.2% retracement of 175.41 to 154.40 at 162.42 intact. On the downside, below 157.71 minor support will bring retest of 154.40...
Vantage Copy Trading introduces multiple copy modes
Multi-asset broker Vantage Markets has introduced multiple copy modes in the Vantage App, offering traders greater flexibility to diversify their copy trades and refine their trading strategies. This exciting update reaffirms Vantage’s dedication to delivering...
Investing in FDs with an NBFC? Check new RBI rules on premature withdrawal, nominations applicable from Jan 1, 2025, ET BFSI
The Reserve Bank of India (RBI) has issued a revised regulatory framework circular relating to HFCs (Housing finance companies) and NBFCs (Non-banking Finance Companies) on August 12, 2024. The revised guidelines include acceptance of public deposits like those...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 187.81; (P) 188.67; (R1) 189.74; More… Intraday bias in GBP/JPY remains neutral for the moment. Outlook remains bearish with 38.2% retracement of 208.09 to 180.00 at 190.73 intact. On the downside, below 186.46 minor support will turn intraday bias...
Mauritius banking regulator denies ‘tax haven’ allegation, ET BFSI
NEW DELHI: The Financial Services Commission (FSC) of Mauritius on Tuesday issued a statement in response to the allegations made in the Hindenburg Research report regarding the use of Mauritian shell companies and the country being labeled as a "tax haven." The FSC,...
Binance Expands Trading Options with New Pairs and Trading Bots Services
Ted Hisokawa Aug 14, 2024 09:49 Binance to introduce BONK/BRL and NOT/EUR trading pairs and enable Trading Bots services for select pairs starting August 16, 2024. Binance, one of the world's leading...
RBI deputy governor warns CBDCs could heighten risk of bank runs during crises, ET BFSI
The Reserve Bank of India deputy governor Michael Patra has said that during crises triggering depositor panic, CBDCs could be perceived as a safe haven, thus rendering bank deposits, particularly uninsured deposits, more prone to withdrawal and hence the risk of bank...
FCA imposes £276,100 fine on FXTB for unfair customer treatment practices
The UK Financial Conduct Authority (FCA) has fined Cypriot CFD broker Forex TB Limited (FXTB) £276,100 for failing to treat its customers fairly, and for providing investment advice without being authorised to do so. FXTB pressured customers to put their money at risk...
USDJPY’s Sideways Trading Might End Abruptly
USDJPY continues to hover around the 146 area Market participants are preparing for the US CPI release Momentum indicators remain mixed USDJPY continues to trade sideways, hovering around the 146.65-147.71 area for the fifth consecutive session. The bears are holding...
Banks are intensifying measures to boost deposits amidst sluggish growth, ET BFSI
Amid Finance Minister Nirmala Sitharaman and the Reserve Bank of India's push to banks for raising deposits, banks are ramping up efforts to attract more depositors. To counter the challenge of losing deposits to other avenues such as mutual funds, banks are deploying...
U.S. approves $20 billion in weapons sales to Israel amid threat of wider Middle East war
Israeli Prime Minister Benjamin Netanyahu speaks to reporters alongside Speaker of the House Mike Johnson (R-LA) at the U.S. Capitol Building on July 24, 2024 in Washington, DC. Anna Moneymaker | Getty ImagesThe U.S. has approved $20 billion in arms sales to Israel,...
China’s Huawei set to release AI new chip to challenge Nvidia, WSJ says
BERLIN, GERMANY - SEPTEMBER 03: People arrive to attend the Huawei keynote address at the IFA 2020 Special Edition consumer electronics and appliances trade fair.Sean Gallup | Getty Images News | Getty ImagesChinese technology giant Huawei is set to challenge Nvidia...
RBI DG Swaminathan warns of Cybersecurity, unchecked Fintech growth, and third-party risks, ET BFSI
">"The digital transformation in banking has created a complex web of technical and operational dependencies," Swaminathan emphasised.“Technology-induced systemic risk may indeed be one of the only truly global risks, that threaten the entire financial system...
Eurozone industrial production falls -0.1% mom in Jun, EU down -0.1% mom
Eurozone industrial production fell -0.1% mom in June, much worse than expectation of 0.4% mom rise. Industrial production increased by 0.7% for intermediate goods, 1.9% for energy, 0.9% for capital goods, and 3.8% for durable consumer goods. Production decreased by...
India’s WPI moderates to 2.04% in July from 3.36% in June, ET BFSI
India’s Wholesale Inflation for the month of July is recorded at 2.04%, as announced by the Ministry of Commerce and Industry on Wednesday. Previous month, June’s Wholesale Inflation stood at 3.36%, largely driven by the costlier vegetables, the month on month basis...
GTN hires Saxo Bank alum Ahmad Abouardini as MENA Relationship Manager
Dubai based trading solutions provider GTN has announced the appointment of Ahmad Abouardini as Middle East Relationship Manager. Ahmad, a seasoned professional with over eight years at Saxo Bank (2011-2019) overseeing strategic relationships and platform sales in the...
Tencent earnings Q2 2024
Tencent showed off its tech at the 2023 World Artificial Intelligence Conference in Shanghai, July 8, 2023.Nurphoto | Nurphoto | Getty ImagesTencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated.Here's how Tencent...
Gala Music Introduces $MUSIC Box with Exciting Prizes
Terrill Dicki Aug 14, 2024 08:49 Gala Music unveils the $MUSIC Box for $4.99, offering chances to win $MUSIC, $GALA, exclusive NFT tracks, and a $2k Jukebox Node. Gala Music has launched a new $MUSIC Box,...
Wise targets India’s $32 billion remittance market after infrastructure upgrade, ET BFSI
Money transfer company Wise is set to re-enter India's lucrative remittance market, estimated at $32 billion, after temporarily halting new customer sign-ups in the country. The London-based firm paused onboarding in recent months to enhance its infrastructure, a move...
Tim Walz tax hikes caused battles with Minnesota business
U.S. Vice President and Democratic presidential candidate Kamala Harris and her running mate Minnesota Governor Tim Walz walk as they prepare to depart at Chippewa Airport in Eau Claire, Wisconsin, U.S., August 7, 2024. Kevin Mohatt | ReutersSix years before Tim Walz...
RBI Dy Governor, ET BFSI
Jaipur, Aug 13 (IANS) India’s Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended coverage to 1,997 banks comprising 140 commercial banks and 1,857 cooperative banks, which is the largest number of deposit-taking institutions covered by deposit...
NZDUSD Hits a Wall at 200-Day SMA
NZDUSD had been in a recovery mode since early August But 200-day SMA rejects advance after dovish RBNZ meeting Oscillators deteriorate, yet remain neutral-to-positive NZDUSD had been steadily regaining ground since the beginning of the month after finding its footing...
Video game industry faces sluggish 2024 sales growth, Newzoo says
Analysts are expecting Nintendo to release a successor to its hit Switch console in its fiscal year 2025.Guillaume Payen | Sopa Images | Lightrocket | Getty ImagesThe global video game market is set for sluggish annual growth this year amid weak sales of gaming...
Alex Manson joins Standard Chartered management team
Standard Chartered PLC today announced an update to its Management Team (MT). Alex Manson, CEO, SC Ventures, will join the MT, effective immediately. Bill Winters, Group Chief Executive, said: “We need to constantly adapt our strategy to ensure that we remain relevant...
Gala Music Unveils Exclusive NFT Drops and New $MUSIC Mystery Box
Felix Pinkston Aug 14, 2024 08:08 Gala Music announces exciting NFT drops from artists like Nyku, YUNICE, and Emily Faye, along with the launch of a new $MUSIC Mystery Box. This week, Gala Music is making...
RBI approves Tata Capital’s conversion into NBFC ICC from NBFC CIC, ET BFSI
The Reserve Bank of India (RBI) has approved the Tata Capital's conversion from non-banking finance company (NBFC)–investment credit company (ICC) from a NBFC–core investment company (CIC).Last year, the central bank categorised Tata Capital and its parent company...
Policy rates of Asian economies lower than US, when will RBI cut rates?, ET BFSI
The backdrop of less-favourable rate differentials and relatively weak Asian currencies means that central banks will likely move only after the Fed. Asia’s rate cut cycle will also be shallower as compared to the Fed, with the weighted average rate in Asia, for...
Taxpayers getting faster refunds this year? FM says ITR processing time reduced to 10 days from 93 days, ET BFSI
Last week in Parliament, the finance minister Nirmala Sitharaman stated that the average time taken to process income tax returns (ITR) has decreased from 93 days in FY 2013-14 to 10 days in FY 2023-24. While this is a commendable achievement for the government, does...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Aug 13, 2024 21:41 UTC | Updated: Aug 13, 2024 at 21:41 UTC By Clark Cardano (ADA) is set to embrace the Chang hard fork, marking one of its most significant upgrades. Recent developments suggest that the launch may occur sooner than...
FX option expiries for 14 August 10am New York cut
There are a couple of expiries to take note of, as highlighted in bold.They are for EUR/USD at the 1.0925 and 1.1035 levels. They former lies near the 200-hour moving average, so there is some technical significance there. However, price action today is largely going...
Intel sells stake in UK chip designer Arm amid company-wide restructuring and cost cuts
A sign is posted in front of Intel headquarters on August 01, 2024 in Santa Clara, California. Justin Sullivan | Getty Images News | Getty ImagesIntel has sold its 1.18 million share stake in British chip firm Arm Holdings, according to a regulatory filing, as the...
France’s political tensions return to the fore as Olympics end
Emmanuel Macron, president of France, arrives at the Stade de France prior to the Closing Ceremony of the Olympic Games Paris 2024 at the Stade de France on August 11, 2024 in Paris, France.Tom Weller/voigt | Getty Images Sport | Getty ImagesTime is running out on the...
NZD Tanks After RBNZ Cut, UK and US CPI for Next Volatility Wave
New Zealand Dollar plunged today after RBNZ unexpectedly cut interest rates by 25bps, marking the first reduction in this easing cycle. This move came much earlier than the market’s anticipation of a rate cut in October or November. The selloff gained further momentum...
Crypto Takes Center Stage in U.S. Politics: Key Developments and Implications
Caroline Bishop Aug 14, 2024 07:40 Explore the significant political shift towards cryptocurrency in the U.S., including policy proposals from key figures like Trump, Kennedy, and Lummis. Cryptocurrency has...
Trump’s Harris attacks must pivot to policy, Republican allies say
Republican presidential candidate former President Donald Trump speaks during a press conference at his Mar-a-Lago estate on August 08, 2024, in Palm Beach, Florida. Joe Raedle | Getty ImagesFormer President Donald Trump is facing a wave of calls from Republican...
Bitfarms (BITF) Announces Significant Leadership Changes
Alvin Lang Aug 13, 2024 15:57 Bitfarms Ltd. has appointed CEO Ben Gagnon to its Board and named Brian Howlett as Independent Chairman. Nicolas Bonta steps down as Chairman. Bitfarms Ltd. (Nasdaq/TSX: BITF), a...
Judge in X lawsuit against advertisers recuses, he owned Tesla stock
Jaque Silva | SOPA Images | Lightrocket | Getty ImagesThe judge overseeing X's lawsuit against advertisers has recused himself following a news report that showed he previously owned shares of Tesla.In a recusal notice dated Aug. 13, U.S. District Judge Reed O'Connor...
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 160.00; (P) 160.98; (R1) 161.92; More… Intraday bias in EUR/JPY remains neutral and outlook stays bearish with 38.2% retracement of 175.41 to 154.40 at 162.42 intact. On the downside, below 157.71 minor support will bring retest of 154.40 first....
HKMA and Cyberport Unveil GenA.I. Sandbox to Propel A.I. in Finance
Ted Hisokawa Aug 13, 2024 17:58 The HKMA and Cyberport launch the GenA.I. Sandbox to foster responsible A.I. innovation in the financial sector. The Hong Kong Monetary Authority (HKMA), in collaboration with the...
BBVA’s AI Factory expands to Mexico and Türkiye
BBVA’s AI Factory, a center dedicated to developing artificial intelligence (AI) solutions, expands to Mexico and Türkiye in order to create products globally and leverage knowledge across the Group. With these new centers, BBVA aims to accelerate the adoption of...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 186.87; (P) 188.10; (R1) 189.15; More… Intraday bias in GBP/JPY stays neutral and outlook remains bearish with 38.2% retracement of 208.09 to 180.00 at 190.73 intact. On the downside, below 184.46 minor support will turn intraday bias back to the...
BoE raises £914K for charity from auction of low serial number King Charles banknotes
The Bank of England has announced that an auction of King Charles III banknotes has raised £914,127 (USD $1.2 million) for charity. Following the issuance of the first new King Charles banknotes in June 2024, low serial number banknotes were auctioned for charity...
GBPUSD Battles With 50-day SMA
GBPUSD advances after its bounce off 200-day SMA A potential breach of 50-day SMA could improve outlook Oscillators suggest strengthening positive momentum GBPUSD had been on the rise following its deflection at the 200-day simple moving average (SMA) on August 8....
Google Pixel 9 phones, first AI-powered Android update announced
Google announced its first smartphone fully powered by its AI "Gemini" system.Google on Tuesday announced new artificial intelligence features that are coming to Android devices. The move to bring its Gemini AI assistant to supported devices shows again how Google...
Binance Introduces Toncoin (TON) on Launchpool and Super Earn
Luisa Crawford Aug 13, 2024 16:58 Binance announces Toncoin (TON) as the 56th project on Launchpool. Users can stake BNB and FDUSD to farm TON and participate in Super Earn. Binance, a leading cryptocurrency...
Audio Pitara Launches Top 10 Global Podcast with Hindi AI Narration
Joerg Hiller Aug 13, 2024 17:23 Audio Pitara's 'Dil se Dil tak' podcast, voiced using ElevenLabs' Hindi AI, achieves global success with significant downloads and top chart rankings. Audio Pitara, a podcast...
Fed interest rate cut may boost sales
A sign is seen posted on the exterior of a Home Depot store on February 21, 2023 in El Cerrito, California. Justin Sullivan | Getty ImagesJust like Wall Street, Home Depot is closely watching the Federal Reserve's next move.In an interview with CNBC, Chief Financial...
UK Labour Market Deteriorates Despite Falling Unemployment Rate
The British Pound jumped 0.25% against the Dollar and 0.33% against the Euro due to the employment data. Although key parameters of the report exceeded market expectations, the overall negative trend remains. In the three months to June, the unemployment rate fell to...
SEC obtains final judgment against broker posing as hedge fund manager
The Securities and Exchange Commission (SEC) has obtained a final judgment against Rand Heckler. On August 12, 2024, the New York Eastern District Court entered a final judgment against Rand Heckler, enjoining him from violating certain provisions of the federal...
Wall St cheers Brian Niccol appointment
Brian Niccol, CEO of ChipotleAnjali Sundaram | CNBCWall Street believes Brian Niccol is the right choice to turn around Starbucks — and move the chain past the decades-long Howard Schultz era.Starbucks tapped Niccol as its latest chief executive and chair on Tuesday....
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0915; (P) 1.0927; (R1) 1.0944; More….. Immediate focus is on 1.0944 minor resistance in EUR/USD. Firm break there will indicate that pullback from 1.1007 has completed at 1.0880 already. Retest of 1.1007 should be seen first. Further break there...
This startup will sell methane-eating microbes to Whole Foods
Much energy and effort is spent on reducing carbon emissions in the fight against global warming, but methane, while less abundant, is more destructive to the planet. It is far more efficient than carbon at trapping heat. Getting rid of it is essential to reaching...
George Santos wants jury pool in his fraud trial questioned over their opinions of him
Rep. George Santos (R-NY) leaves the U.S. Capitol after his fellow members of Congress voted to expel him from the House of Representatives on December 01, 2023 in Washington, DC.Anna Moneymaker | Getty ImagesFormer U.S. Rep. George Santos wants potential jurors in...
Animoca Brands Joins ZetaChain as Validator to Enhance Multi-Chain Interoperability
Timothy Morano Aug 13, 2024 16:26 ZetaChain announces Animoca Brands as a validator, aiming to boost multi-chain interoperability and digital asset adoption. ZetaChain, the pioneering universal blockchain, has...
Brent Crude Oil Faces Demand Concerns Despite Recent Gains :: InvestMacro
By RoboForex Analytical DepartmentAfter five consecutive days of upward movement, Brent crude oil is now experiencing a consolidation phase, with prices retreating slightly to 81.80 USD per barrel on Tuesday. Market sentiment is being influenced by renewed concerns...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2743; (P) 1.2769; (R1) 1.2790; More… GBP/USD is still capped below 1.2839 resistance despite today’s rally. Intraday bias stays neutral first. On the downside, break of 1.2664 will resume the fall from 1.3043 to 1.2612 support. Decisive break...
UAW hits Trump, Musk with federal labor charges over union busting
This combination of pictures shows Elon Musk, left, and Donald Trump, right.Afp | Getty ImagesThe United Auto Workers on Tuesday filed federal labor charges with the National Labor Relations Board against former President Donald Trump and billionaire Elon Musk for...
MIAX Sapphire becomes OCC participant exchange
Equity derivatives clearing organization OCC today announced that MIAX Sapphire, LLC has become an OCC participant exchange. MIAX Sapphire, owned by parent holding company Miami International Holdings, Inc. (MIH), launched operation of the MIAX Sapphire electronic...
Manta Pacific Unveils MultiDA for Enhanced Modular Network Resilience
Tony Kim Aug 13, 2024 15:21 Manta Pacific introduces MultiDA, leveraging multiple data availability solutions for improved network resilience and reduced gas fees. Manta Pacific has announced the launch of...
Sunset Market Commentary – Action Forex
Markets US producer price inflation rose by 0.1% M/M in July for the headline number and stabilized for the gauge excluding food and energy. Both were below consensus (+0.2% M/M), resulting in sharper-than-expected drops in the Y/Y-figures. Headline PPI printed at...
Crypto magnate Chun Wang buys SpaceX polar spaceflight Fram2
SpaceX's Crew Dragon capsule "Endurance" is seen during the Crew-3 mission for NASA on May 5, 2022.NASAPrivate polar expeditions are reaching a new level: Space.Cryptocurrency speculator Chun Wang bought a SpaceX multi-day flight for an undisclosed amount, the company...
Asian Markets Bounce Back; Eyes on Local Data, Not Just US CPI
Asian equities extend rebound ahead of key data Japanese GDP, Aussie jobs and Chinese indicators on the agenda Any upsets could roil the fragile sentiment A cautious rebound for stocks Stock markets in Asia have not been immune to the global selloff in August amid the...
Set for more wild price swings? :: InvestMacro
Raft of UK data could rock UK100 this weekUK CPI sparked moves of ↑ 0.9% & ↓ 0.8% over past yearIncoming US CPI data may set tone for marketsKey levels of interest – 8120, 8200, 8310 Watch this space because FXTM’s UK100 index could see significant price...
Oakland B’s Pioneer League baseball launches crowdfunding campaign
Paul Freedman, co-founder and CEO of the Oakland BallersPaul Freedman, a 45-year-old serial entrepreneur who has founded and sold five educational technology companies, decided last June he wanted a new type of venture: a baseball team.When MLB's A's announced last...
BitMEX Lists NEIROUSDT Perpetual Swap with Up to 10x Leverage
Iris Coleman Aug 13, 2024 13:10 BitMEX has introduced a new NEIROUSDT perpetual swap contract, offering traders up to 10x leverage, according to BitMEX Blog. BitMEX, a leading cryptocurrency derivatives...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8623; (P) 0.8667; (R1) 0.8697; More… Intraday bias in USD/CHF stays neutral first. Outlook remains bearish with 38.2% retracement of 0.9223 to 0.8431 at 0.8734 intact. On the downside, below 0.8631 minor support will bring retest of 0.8431 first....
IBM Research Advances in Quantum-Safe Cryptography
Terrill Dicki Aug 13, 2024 14:22 IBM Research collaborates with NIST to develop quantum-safe cryptographic algorithms, ensuring future-proof security against quantum computing threats. IBM Research is at the...
Public launches Bond Accounts – FX News Group
Investing platform Public announces the launch of a Bond Account, a convenient way to invest in multiple bonds. The new Bond Account will allow members to invest in a diverse set of ten corporate bonds issued by companies across various industries, including...
Ro launches GLP-1 insurance coverage checker
Zoom In IconArrows pointing outwardsThe direct-to-consumer health-care startup Ro launched a new free tool Tuesday to help patients determine whether their insurance covers a buzzy class of weight loss and diabetes drugs called GLP-1s. Most insurance plans cover...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 146.43; (P) 147.32; (R1) 148.11; More… Intraday bias in USD/JPY stays neutral and outlook remains bearish with 38.2% retracement of 161.94 to 141.67 at 149.41 intact and intraday bias stays neutral. Below 145.42 minor support will turn bias to the...
Bitcoin Investors Showcase Renewed HODLing Behavior Amid Market Uncertainty
Rebeca Moen Aug 13, 2024 13:40 Despite recent market downtrends, Bitcoin investors are increasingly adopting HODLing behavior, indicating a shift towards accumulation, according to Glassnode Insights. Despite...
RBI penalises CSB Bank, Union Bank of India, others, BFSI News, ET BFSI
The Reserve Bank of India on Monday imposed penalties on five entities, including CSB Bank, Union Bank of India and Muthoot Housing Finance for contravention of various regulatory norms. A penalty of Rs 1.86 crore has been imposed on CSB Bank for non-compliance with...
Home Depot (HD) Q2 2024 earnings
Home Depot on Tuesday topped quarterly expectations, but cautioned that sales will be weaker than expected in the back half of the year as high interest rates and consumer uncertainty dampen demand.The home improvement retailer said it now expects full-year comparable...
WTI crude oil prices rise for the 5th day in a row. Australian dollar rises amid strong economic data :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index was down 0.36%, while the S&P 500 (US500) Index closed at its opening level. The NASDAQ Technology Index (US100) closed positively, 0.21%. Strengthening chip stocks supported the overall market, led by...
Dollar Softens after PPI, Kiwi Strong Ahead of RBNZ
Dollar weakens broadly in early US session after July’s PPI came in lower than expected, signaling easing in inflationary pressures. This development was well-received by investors, with stock futures ticking up slightly and 10-year Treasury yield dipping in response....
Rana AK Singh takes charge as MD at SBI, BFSI News, ET BFSI
Rana Ashutosh Kumar Singh has taken charge as managing director in charge of the risk compliance department and the stressed assets resolution group at State Bank of India after the government approved his appointment last week.Gajendra Singh Rana, former chief...
Chipotle stock falls as CEO Brian Niccol leaves for Starbucks
Chipotle stock fell as much as 10% in premarket trading Tuesday as the company announced CEO Brian Niccol would be leaving his role on Aug. 31 to become CEO of Starbucks.Niccol began as Chipotle CEO in March 2018. Chipotle stock has risen more than 700% since since he...
US PPI at 0.1% mom, 2.2% yoy in Jul, below expectations
US PPI for final demand rose 0.1% mom in July, below expectation of 0.2% mom. PPI goods rose 0.6% while PPI services fell -0.2% mom. PPI less foods, energy, and trade services rose 0.3% mom. For the 12 months ended in July, PPI rose 2.2% yoy, slowed from 2.7% yoy,...
Marathon Digital Holdings Prices Oversubscribed $250M Convertible Senior Notes Offering
Alvin Lang Aug 13, 2024 12:31 Marathon Digital Holdings announces pricing of $250 million in oversubscribed convertible senior notes, primarily to acquire bitcoin and for general corporate purposes. Marathon...
ZERO Markets named official trading partner of Wolverhampton Wolves
English Premier League football club Wolverhampton Wanderers FC, famously known as the Wolves, has announced that Australia based Retail FX and CFDs broker ZERO Markets is the club’s official trading partner, ahead of the 2024/25 EPL season opener away at Arsenal this...
AUD/NZD: A Dovish RBNZ May Maintain Aussie Outperformance Over Kiwi
New Zealand’s core inflation trend has decelerated at a faster pace than Australia. RBNZ may use tomorrow’s monetary policy meeting to offer dovish guidance and bring forward its projected first interest rate cut in H1 2025. A dovish hold by RBNZ may reinforce the...
SBI aims to sell its Yes Bank stake worth Rs 18,420 cr by end-March, ET BFSI
State Bank of India (SBI), the country's largest lender, aims to strike a deal by end-March for the sale of its 24% stake worth 184.2 billion rupees ($2.2 billion) currently in smaller rival Yes Bank, four sources with direct knowledge said.Japanese lender Sumitomo...
Starbucks replaces CEO Laxman Narasimhan with Chipotle CEO Brian Niccol
Laxman Narasimhan, incoming Starbucks CEO, Sept. 7, 2022.CNBCStarbucks announced Tuesday it's replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol.Shares of Starbucks rose 10% in premarket trading on the news.Narasimhan took over as chief executive in March...
Paysafe registers 9% Y/Y increase in revenues in Q2 2024
Payments platform Paysafe Limited (NYSE:PSFE) today announced its financial results for the second quarter of 2024. Total revenue for the second quarter of 2024 was $439.9 million, an increase of 9%, compared to $402.3 million in the prior year period, reflecting 7%...
Gold Price Near Historic High Today
As shown on the XAU/USD chart, the gold price is near $2,460 today, despite the 8th August candle opening around $2,385. This means that in just over three full trading sessions, the price per ounce has risen by approximately 3.3%. It is now only about 1.6% away from...
Exploring Proof of Stake: A Sustainable Solution for Web3
Terrill Dicki Aug 13, 2024 11:56 Discover the benefits of Proof of Stake (PoS), a greener blockchain consensus mechanism ensuring security and decentralization in the web3 ecosystem. Proof of Stake (PoS) is...
BFSI ranks second highest in preference to lease green-certified buildings, ET BFSI
Representational imageA recent trend has been highlighted where the the occupiers’ preference to lease green-certified buildings has been seeing an uptick in India.According to a report by real estate consultancy Colliers, during the April-June quarter this year, 12.9...
Kotak Bank, BFSI News, ET BFSI
Kotak Mahindra Bank on Monday said Sonata Finance Private Ltd and BSS Microfinance Ltd, both wholly-owned subsidiaries of the bank, at their respective board meetings have approved a scheme of amalgamation. As per the scheme of amalgamation approved on Monday, Sonata...
Exclusive: Eightcap names Rositsa Radovanova as General Manager Europe
FNG Exclusive… FNG has learned that Australia based Retail FX and CFDs broker Eightcap has named Bulgaria based executive Rositsa Radovanova as General Manager, Europe at the company. Rositsa Radovanova joined Eightcap in 2021 and has served as Sales and Client...
NVIDIA Maxine and VideoRequest Revolutionize Video Communication with AI
Darius Baruo Aug 13, 2024 11:12 NVIDIA Maxine's AI-powered platform enhances video communication for businesses, educators, and content creators through its partnership with VideoRequest. Effective video...
Cryptocurrency Rally Loses Momentum – Action Forex
Market Picture Over the past 24 hours, the cryptocurrency market has rallied 1.6% to $2.08 trillion, but in the past few hours, there has been a sell-off from a high of $2.15 – roughly the midpoint of the past 30 days’ range. Although cryptocurrency prices are higher...
Murdoch family battle highlights Nevada’s secret trust boom
(L to R) Rupert Murdoch, executive chairman of News Corp and chairman of Fox News, and Lachlan Murdoch, co-chairman of 21st Century Fox, walk together as they arrive on the third day of the annual Allen & Company Sun Valley Conference, July 13, 2017 in Sun Valley,...
Public sector banks hike MCLR following RBI Monetary Policy status quo, ET BFSI
Public sector banks, including Bank of Baroda (BoB), Canara Bank, and UCO Bank, have announced an increase in their marginal cost of fund-based lending rate (MCLR) following the Reserve Bank of India's (RBI) recent monetary policy statement. The rate hikes, effective...
Will Madhabi Puri Buch get a clean chit like former SEBI chairman C B Bhave?, ET BFSI
Hindenburg Research has accused Madhabi Puri Buch, Chairperson of the Securities and Exchange Board of India (SEBI), of holding stakes in offshore entities allegedly linked to the Adani Group. The research firm has raised concerns about potential conflicts of interest...
HelloFresh shares pop 11% as meal kit giant beats profit estimates
Shares of German meal kit firm HelloFresh jumped on Tuesday after the company reported a better-than-expected profit in the second quarter and said its ready-to-eat meals segment saw rapid growth.HelloFresh shares climbed as much as 20% during morning trade, but had...
BNB Chain Celebrates Anniversary with Ecosystem Catalyst Awards
Luisa Crawford Aug 13, 2024 10:45 BNB Chain announces its 4th Anniversary Ecosystem Catalyst Awards to honor innovative projects in categories like DeFi, Gaming, and Infrastructure. As BNB Chain’s 4th...
ESMA recognises CDS Clearing and Depository Services as Tier 1 CCP
The European Securities and Markets Authority (ESMA) has signed a Memorandum of Understanding (MoU) with the British Columbia Securities Commission and updated its list of recognised third-country central counterparties (TC CCPs) under the European Markets...
Brent Crude Oil Faces Demand Concerns Despite Recent Gains
After five consecutive days of upward movement, Brent crude oil is now experiencing a consolidation phase, with prices retreating slightly to 81.80 USD per barrel on Tuesday. Market sentiment is being influenced by renewed concerns over global oil demand, particularly...
How to Fork Ethereum Mainnet?
In the Ethereum blockchain setting, the forking of Ethereum Mainnet is a common practice. It basically involves developing a local copy of an Ethereum Mainnet. This is done for development as well as testing purposes. Hardhat is one of the most popular tools among...
RBI announces new regulations for NBFCs regarding deposit withdrawals, ET BFSI
Reserve Bank of India (RBI) has announced new regulations for non-banking financial companies (NBFCs) regarding deposit withdrawals. As per the statement, starting January 1, 2025, NBFCs will be required to return the full deposit amount to depositors within the first...
EUR/USD Outlook: In Quiet Mode, Awaiting Economic Data for Fresh Ssignals
EURUSD is holding within a narrow congestion, capped by Fibo resistance at 1.0933 (Fibo 61.8% of 1.1139/1.0601), as markets slowed ahead of key release this week – US inflation report. German ZEW economic sentiment (July f/c 32.6 vs June 41.8) due in a while, would...
Trader to pay $100k fine for violations of CME rules
International derivatives marketplace CME Group has issued a notice of disciplinary action against Andrew Middlebrooks. The Chief Regulatory Officer of CME Group’s Market Regulation Department issued charges against Andrew Middlebrooks for violating Rules 432.W. and...
Pathways for achieving 10-fold growth in next 25 years, ET BFSI
">"While this is ambitious, China did something similar during 1980 – 2000, and there is no reason why India cannot achieve this large growth if it gets its mind into doing so. Ambitious targets get us somewhere, even if not all the way there. Unambitious ones get...
New AI Tool Enhances Video Accessibility for Blind and Low-Vision Users
James Ding Aug 13, 2024 09:51 An innovative AI system, SPICA, revolutionizes video accessibility for blind and low-vision users with interactive, layered audio descriptions. New research aims to revolutionize...
German ZEW plummets to 19.2, economy breaking down
Germany’s ZEW Economic Sentiment index took a significant hit in August, falling sharply from 41.8 to 19.2, well below the expected 30.6. This marks the steepest monthly decline since July 2022. Current Situation Index also worsened, dropping from -68.9 to -77.3....
MSCI to increase HDFC Bank’s weightage in Global Standard Index in 2 tranches, ET BFSI
Global index service provider MSCI today announced that the India’s largest private lender HDFC Bank’s weightage will be increased in its Global Standard Index but in 2 tranches, leading to expected passive inflows of $1.8 billion in the Nifty stock.The long-awaited...
An earthquake with a magnitude of 4.4 has struck the Los Angeles area, the USGS says
A 4.4 Magnitude earthquake shoot the Los Angeles area on Aug. 12th, 2024USGSAn earthquake with a magnitude of 4.4 struck the Los Angeles area shortly after noon on Monday, the U.S. Geological Survey said.People reported feeling it strongly across the Los Angeles area....
Exclusive: Finstek hires T4B exec Sergei Gruzin as CCO
FNG Exclusive… FNG has learned that trading tech provider Finstek has hired Sergei Gruzin as its new Chief Commercial Officer (CCO). Sergei Gruzin joins Finstek from liquidity bridge solutions company Tools for Brokers, where – based in Singapore – he served as Head...
GBP/USD Edges Higher as Wage Growth Hits Lowest Level in 2 Years
Unemployment rate fell to 4.2%, with a decrease in both short-term and long-term unemployment. UK wage growth slowed to its lowest level in two years, yet surpassed market expectations. Despite positive jobs data, BoE policymakers warn of potential inflation rebound...
India and Russia eye dynamic rupee-rouble rate, vostro balance to bypass dollar trade barriers, ET BFSI
India and Russia are exploring the idea of a dynamic reference rate to start a rupee-rouble market, along with allowing greater deployment of the rupee balance that has accumulated in course of trade between the two countries since outbreak of the Ukraine war.A...
BitMEX to List NEIROUSDT Perpetual Swap with 10x Leverage
Peter Zhang Aug 13, 2024 08:43 BitMEX announces the listing of NEIROUSDT perpetual swap with up to 10x leverage, available for trading starting August 13. BitMEX has announced the upcoming listing of a new...
How will RBI’s proposed delegated payments feature in UPI work?, ET BFSI
The Reserve Bank of India (RBI) has announced a new feature for the Unified Payments Interface (UPI) called 'delegated payments." This feature is designed to enhance the reach and usability of UPI across India, particularly in areas where financial literacy is limited...
Harris economic policy draws on Biden alums Brian Deese, Mike Pyle
US Vice President and Democratic presidential candidate Kamala Harris speaks during a campaign rally at the Thomas and Mack Center, University of Nevada in Las Vegas, Nevada, on August 10, 2024. Ronda Churchill | Afp | Getty ImagesEconomist Brian Deese has begun...
Salary of IG CEO Breon Corcoran set at £800k on appointment, not to be increased for FY25
Electronic trading major IG Group has published its latest annual report, shedding light on top management remuneration, including joining arrangements for Breon Corcoran. As announced in December 2023, following a comprehensive global search process Breon Corcoran...
EURUSD Bulls Don’t Want to Give Up
EURUSD maintains sideways move as 1.0940 barrier blocks the way up Technical risk is on the positive side; eyes on 1.0970 too US PPI due at 12:30 GMT; FOMC member Bostic speaks today EURUSD continues to face restrictions near the 1.0940 level and the resistance...
Top Creators Expand Global Reach with ElevenStudios’ AI Dubbing
Darius Baruo Aug 13, 2024 08:10 ElevenStudios partners with top YouTubers to offer AI-dubbed content in multiple languages, breaking down language barriers. ElevenLabs, a leader in AI-driven content solutions,...
RBI tightens rules for housing finance companies, BFSI News, ET BFSI
The RBI on Monday issued revised guidelines as part of the phased transition towards tighter regulations for housing finance companies (HFCs) to harmonise them with Non-Banking Financial Companies (NBFCs).The revised regulations shall be applicable with effect from...
RBI sets up expert committee on benchmarking of its statistics, ET BFSI
The RBI on Monday announced setting up a committee under deputy governor Michael Debabrata Patra on benchmarking the statistics regularly disseminated by it against global standards. The 10-member 'Expert Committee on Benchmarking of its Statistics' has been asked to...
CPI inflation down, but road ahead could be bumpy: SBI Report, ET BFSI
New Delhi [India], August 13 (ANI): India's Consumer Price Index (CPI) inflation dropped to 3.54 per cent in July 2024, its lowest in nearly five years, largely driven by a decline in vegetable prices. However, despite this positive development, the State Bank of...
Bitcoin bulls frontrun Trump-Musk interview
Bitcoin is up about 1% in early trade today at $59,500. That's just normal volatility for crypto but there could also be a premium in it with Elon Musk set to interview Donald Trump any time now. The conversation could shift to crypto and some could be trying to...
FX option expiries for 13 August 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.The first being for EUR/USD at the 1.0900 mark again. So, that will help to keep a floor on price action at least until we get to the US PPI data later in the day.Similarly, the ones for AUD/USD at...
Japan’s quest to revive its semiconductor industry
In the 1980s, Japan was the dominant player in the semiconductor market. But huge shifts in the way the chip supply chain operated eroded that leading-edge.Countries like Taiwan with TSMC, the world's largest and most advanced semiconductor manufacturer, began to...
Elon Musk, Donald Trump event on X crashes site, Tesla CEO blames cyberattack
Elon Musk (L) and Donald Trump (R).David Swanson | Vincent Alban | ReutersElon Musk's much-hyped interview of former President Donald Trump on the social media platform X was nearly derailed early on by technical glitches in the first minutes of the scheduled start...
Pound Strengthens on UK Jobs Data, But Eyes Further Economic Releases
Sterling is making notable gains after UK employment data revealed an unexpected drop in the unemployment rate for June. Additionally, July’s figures showed continued growth in payrolled employment and a rebound in wage growth. This robust set of data strengthens the...
NVIDIA NVLink and NVSwitch Enhance Large Language Model Inference
Felix Pinkston Aug 13, 2024 07:49 NVIDIA's NVLink and NVSwitch technologies boost large language model inference, enabling faster and more efficient multi-GPU processing. Large language models (LLMs) are...
SEC charges NovaTech in connection with $650M crypto fraud
The Securities and Exchange Commission (SEC) on Monday charged Cynthia and Eddy Petion, along with their company, NovaTech Ltd., for operating a fraudulent scheme that raised more than $650 million in crypto assets from more than 200,000 investors worldwide. The SEC...
CFI expands JFA partnership as league renames to “Jordanian Pro League – CFI”
Leading online broker CFI has announced a significant expansion of its strategic partnership with the Jordan Football Association (JFA) through its branch, CFI Jordan. This milestone includes the renaming of the Jordanian Pro League, the pinnacle of professional...
Australian Dollar Gains Ground, Eyes Wage Growth
The Australian dollar has started the week in positive territory. AUDUSD is trading at 0.6596 in the European session, up 0.41% on the day at the time of writing. Australian dollar recovers as markets stabilize The Australian dollar has quickly recovered from the...
SpaceX repeatedly polluted waters in Texas, TCEQ, EPA found
SpaceX's Starship launches its fourth flight test from the company's Boca Chica launchpad, designed to eventually send astronauts to the moon and beyond, near Brownsville, Texas, U.S. , in this handout picture obtained on June 6, 2024. Spacex | Via ReutersElon Musk's...
IG Group CEO Breon Corcoran steps down as Chair of Auction Technology Group
Electronic trading major IG Group Holdings plc (LON:IGG) has been notified that Breon Corcoran, Chief Executive Officer of the Company, has stepped down as Chair and Non-Executive Director of Auction Technology Group plc with effect from 9 August 2024. Mr Corcoran has...
GM reveals redesigned GMC Terrain as brand’s entry-level model
2025 GMC Terrain ElevationGMDETROIT — General Motors on Monday revealed redesigned versions of its entry-level GMC Terrain crossover, including a new standard "Elevation" model.The compact crossover features a more rugged exterior design. It also has a new interior...
EU warns Elon Musk ahead of Trump interview to keep hate speech off X
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty ImagesThe European Commission on Monday warned X...
AUD/USD Outlook: Lifted by Fresh Risk Appetite, Retests Key Resistance Zone
AUDUSD advanced 0.5% in Asian / European trading on Monday, to completely reverse Friday’s drop and generate initial signal of bullish continuation. Fresh strength cracked pivotal barriers at 0.6600 zone (converged 200/100DMA’s / base of rising daily cloud, where...
Toru Nakashima joins Jefferies Board of Directors
Jefferies Financial Group, Inc. (NYSE:JEF) today announced the appointment of the Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) President and Group Chief Executive Officer, Toru Nakashima, to Jefferies’ Board of Directors effective August 12, 2024. The appointment...
News of the Week (August 12— August 16): NZDUSD Market Review
Focus on NZDUSD! Exciting trading possibilities are just around the corner. The NZDUSD pair is usually called the “Kiwi,”. It denotes the exchange rate between the New Zealand dollar and the US dollar. It is usually regarded as one significant indicator of the...
Cboe Global Markets starts publishing intraday values for VIXTLT Index
Derivatives and securities exchange network Cboe Global Markets, Inc today announced it has begun publishing intraday values for the new Cboe 20+ Year Treasury Bond ETF Volatility Basis Point Index (VIXTLT Index). Leveraging Cboe’s proprietary VIX® Index methodology,...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 145.96; (P) 146.89; (R1) 147.49; More… USD/JPY’s rebound from 141.67 extends higher today but stays below 38.2% retracement of 161.94 to 141.67 at 149.41. Intraday bias stays neutral and outlook remains bearish. Below 145.42 minor support will turn...
Hong Kong Monetary Authority Announces FPS Downtime for System Enhancement
Zach Anderson Aug 12, 2024 15:17 Hong Kong Monetary Authority plans a system enhancement for the Faster Payment System (FPS) on August 18, 2024, causing a temporary service outage. The Hong Kong Monetary...
Disney is hoping for a box office rebound built on sequels, prequels and pixie dust
Bob Iger, CEO, The Walt Disney Company appears at the Disney Entertainment Showcase at D23: The Ultimate Disney Fan Event in Anaheim, California on August 09, 2024.Araya Doheny | Getty Images Entertainment | Getty ImagesWhen Disney CEO Bob Iger stepped onto the stage...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8632; (P) 0.8652; (R1) 0.8673; More… USD/CHF’s recovery from 0.8431 extends higher today but stays below 38.2% retracement of 0.9223 to 0.8431 at 0.8734. Intraday bias remains neutral and further decline is still expected. On the downside, below...
SEC orders Cadaret, Grant & Co to pay over $6M
The Securities and Exchange Commission (SEC) today announced settled charges against New York-based registered investment adviser Cadaret, Grant & Co., Inc., for breaches of its fiduciary duty related to its receipt of third-party revenue without fully and fairly...
IOTA Revolutionizes Intellectual Property Rights Management with Smart Contracts
Alvin Lang Aug 12, 2024 16:05 IOTA Foundation introduces a prototype to streamline intellectual property rights management using blockchain technology and smart contracts. The IOTA Foundation has unveiled a...
Equinox Group-owned gym chain Blink Fitness files for bankruptcy
Blink Fitness location in New York City. Bill Tompkins | Michael Ochs Archives | Getty ImagesBlink Fitness, a budget-friendly gym chain owned by luxury fitness company Equinox Group, has filed for Chapter 11 bankruptcy.The low-cost fitness brand, with more than 100...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2731; (P) 1.2753; (R1) 1.2779; More… Range trading continues in GBP/USD and intraday bias stays neutral. Another fall is in favor as long as 1.2839 resistance holds. Below 1.2664 will target 1.2612 support. Decisive break there should confirm that...
Binance to Delist CVP, EPX, FOR, LOOM, REEF, VGX on August 26, 2024
Tony Kim Aug 12, 2024 16:24 Binance announces the delisting of CVP, EPX, FOR, LOOM, REEF, and VGX from its platform effective August 26, 2024, citing the need to maintain high standards. Binance, one of the...
CME permanently suspends trader for engaging in prohibited disruptive practices
International derivatives marketplace CME Group today posted a notice of disciplinary action against Marcio Tavares. The Chief Regulatory Officer issued charges against Marcio Tavares for violating CME Rules 432.L.1., 575.A., and 575.B., based on allegations that on...
British Pound Calm ahead of UK Jobs Report
The British pound is drifting on Monday. GBP/USD is trading at 1.2768 early in the North American session, up 0.08% on the day. Wage growth expected to slide The UK releases the employment report for the three months to June and we could see signs of a cooling labour...
Everything we learned at Disney’s parks panel at the 2024 D23 Expo
A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella's Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty ImagesThe time of villains has come.Disney's classic...
TrioMarkets targets Africa traders with Enyimba FC sponsorship
Nigerian Professional Football League club Enyimba FC has announced that Retail FX and CFDs broker Triomarkets has become its official global trading partner. The partnership will see the TrioMarkets logo featured on the club’s kits and other touch points for the...
Binance Completes Sei (SEI) EVM Integration, Opens Deposits and Withdrawals
Peter Zhang Aug 12, 2024 15:40 Binance has successfully completed the Sei (SEI) EVM integration, allowing users to deposit and withdraw SEI tokens via the EVM network, according to Binance. Binance, one of the...
New Zealand Dollar Higher, Focus on RBNZ
The New Zealand dollar has started the week with gains. NZD/USD is trading at 0.6026 in the North American session, up 0.45% at the time of writing. Will the RBNZ lower rates this week? The Reserve Bank of New Zealand meets on Wednesday and it’s a live meeting as the...
‘Deadpool & Wolverine’ tops $1 billion at the global box office
Ryan Reynolds and Hugh Jackman star in Marvel's "Deadpool & Wolverine."DisneyThe "Merc with a Mouth" is breaking even more box office records.Over the weekend, Disney and Marvel's "Deadpool & Wolverine" became only the second R-rated film to top $1 billion at...
Retail Inflation for July at 3.54%, lowest in nearly 5 years, BFSI News, ET BFSI
India’s Consumer Price Index recorded a 59 month low at 3.54%, as released by the Ministry of Statistics and Programme Implementation on Monday.Previous month in June, India’s retail inflation stood at 5.08%, alongwith the food inflation at another high at 9.36%. The...
Silver Could Be Bottoming – Action Forex
Silver has been slowing down for the last three months, but drop on 4h time frame is in three waves A-B-C, which indicates for a corrective decline within higher degree wave IV. It’s now potentially finishing final subwave (5) of C at 26,50 – 26,00 strong and key...
Musk interviews Trump on X as Harris reshapes presidential race
This combination of photos shows former President Donald Trump during rally at the Minden Tahoe Airport in Minden, Nev., Oct. 8, 2022, left, and Elon Musk in Wilmington, Del., July 12, 2021.APElon Musk will interview former President Donald Trump Monday evening on X,...
TradingView adds data from Zhengzhou Commodity Exchange
TradingView has added futures data from the Zhengzhou Commodity Exchange (ZCE). Founded in 1990 as a pilot exchange in China’s futures market, ZCE operates under the regulation of the China Securities Regulatory Commission (CSRC). ZCE is committed to maintaining a...
Why banks are being told to focus on small deposits
Finance minister Nirmala Sitharaman stressed the importance of mobilising small deposits, which she described as the “bread and butter” of banking operations.
Macy’s store closures will change malls
A customer enters a Macy's store that is set to close at Bay Fair Mall on February 27, 2024 in San Leandro, California. Justin Sullivan | Getty ImagesMacy's decision to close nearly a third of its stores will spark change in malls and communities across the U.S.Some...
US CPI and Retail Sales Data to Test Fed Rate Cut Bets
Investors panicked after NFP report But incoming data eased fears and rate cut bets Still, market pricing remains overly dovish Focus turns to US CPI on Wednesday and retail sales on Thursday, at 12:30 GMT Latest data ease recession fears Following the...
Robinhood hires ex Lyft tech head Jeff Pinner as CTO
US neobroker Robinhood (NASDAQ:HOOD) has announced that Jeff Pinner has joined the company as Chief Technology Officer (CTO). Robinhood said that Jeff is a deeply respected innovator who will help the company accelerate its product roadmap, scale infrastructure,...
ViewTrade Expands Global Presence with New Office in GIFT City, India and IFSC License, ET BFSI
PRNewswireJersey City (New Jersey) [US]/ Ahmedabad (Gujarat) [India], August 12: ViewTrade Holding Corporation ("ViewTrade") announced, today, the establishment of its newly licensed brokerage and fintech regional headquarters subsidiary, ViewTrade International IFSC...
MIxed open for the major indices. Dow down. S&P marginally higher. Nasdaq up.
The major US stock indices are opening today mixed. The Dow Industrial Average versus lower. The S&P index is marginally higher while the NASDAQ index is a little better than marginally higher.A snapshot of the major indices nine minutes into the open is showing:...
Musk embraces Trump and scorns subsidies. But Tesla still lobbies for US benefits
Elon Musk, chief executive officer of Tesla Inc., right, at the US Capitol in Washington, DC, US, on Wednesday, July 24, 2024. Samuel Corum | Bloomberg | Getty ImagesWhen Elon Musk endorsed Donald Trump for president last month, the Tesla founder and chief executive...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0906; (P) 1.0919; (R1) 1.0929; More….. Outlook in EUR/USD is unchanged and intraday bias stays neutral. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, above 1.0944 minor resistance...
From Citi to 3i to Hindenburg’s crosshairs, the many lives of banker turned investor Anil Ahuja, ET BFSI
Mumbai: As a “small, hidden, obscure,” Mauritius investment vehicle, IPE Plus Fund, finds itself in the crosshairs of Hindenburg Research, its New Delhi-born, Singapore-based, founder and chief investment officer (CIO) Anil Ahuja finds himself in the news yet...
European gas prices jump to an 8-month high. Canada’s labor market is cooling down :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) was up 0.13% (for the week+1.17%), while the S&P 500 (US500) was up 0.47% (for the week+3.75%). The NASDAQ Technology Index (US100) closed positive 0.51% (for the week+6.57%). That day, all sectors ended trading in...
PSU banks raise loan rates as deposit costs rise, ET BFSI
Public sector lenders Bank of Baroda (BoB), Canara Bank and UCO Bank on Sunday announced an increase in their benchmark marginal cost of fund-based lending rate (MCLR), a day after the Reserve Bank of India (RBI) released its monetary policy statement.BoB and Canara...
Yen and Swiss Franc Weaken in Quiet Markets as Focus Shifts to Australian Data
Yen and Swiss Franc weaken slightly in today’s subdued trading environment. With the economic calendar offering little in terms of market-moving events during the European and US sessions, currency movements have been minimal. Meanwhile, Australian and New Zealand...
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. Whirlwind week Stocks nearly recovered to break even last week after a rout on Monday. The Dow Jones Industrial Average ended the week down 0.6%, while the S&P 500 and Nasdaq...
Hang Seng Index: Medium-Term Bullish Trend Damaged
China’s lacklustre core consumer inflation growth for July suggests the current pace of piecemeal stimulus measures is not sufficient to eradicate deflationary pressures. The “non-abating” deflationary risk scenario pushed the 10-year China sovereign bond yield to a...
Trading Technologies closes acquisition of START
Trading Technologies International, Inc. (TT), a capital markets technology platform provider, today announced that TT’s acquisition of START, a broker-neutral trade optimization platform, from Abel Noser Holdings, is now complete. This represents the second and final...
Jocata launches One Case Manager enabling Financial Institutions comply by RBI’s single dashboard circular, ET BFSI
VMPLNew Delhi [India], August 12: Jocata, a leading RegTech partner for the BFSI industry announces the pan-India rollout of its industry-first offering called 'One Case Manager'. Jocata One Case Manager comes at a time when RBI circular dated January 2024 directs the...
How yen carry trade unwinding may impact Indian markets, BFSI News, ET BFSI
The potential unwinding of the yen carry trade poses a significant threat to Indian markets, especially as yen-denominated investments in the country have surged 251% since January 2023, reaching $21 billion. This rapid increase in yen-driven inflows highlights the...
OPEC downgrades oil demand growth estimates for 2024
OPEC downgraded its global oil demand forecast for 2024, now expecting an increase of 2.11 million barrels per day (bpd), slightly lower than the 2.25 million bpd projected last month. The organization also adjusted its demand growth estimate for next year, lowering...
NZD/USD gains momentum ahead of RBNZ meeting :: InvestMacro
By RoboForex Analytical DepartmentThe New Zealand dollar is steadily rising against the US dollar, with the NZD/USD pair reaching 0.6014 as of Monday. The financial markets are gearing up for Wednesday’s Reserve Bank of New Zealand (RBNZ) meeting. Analysts widely...
Check details of Banking Laws (Amendment) Bill, 2024, ET BFSI
Finance Minister Nirmala Sitharaman introduced the Banking Laws (Amendment) Bill, 2024, which includes a proposal to increase the number of nominees allowed per bank account and locker from the current limit of one to four.Bank locker charges 2024: SBI vs HDFC Bank vs...
Will RBNZ Start Cutting Rates Sooner Than Later
RBNZ could keep interest rates steady but signal easing sooner rather than later Economic picture shows signs of stress but no red flags yet NZDUSD approaches 0.6060-0.6080 resistance territory NZ employment data sway rate cut bets Q2 employment data from New Zealand...
Hindenburg Research on SEBI Chairman is not credible but self-serving speculation, says Supreme Court Advocate, ET BFSI
While corporate governance issues in India must certainly be scrutinized, the authenticity and motives behind such opaque reports by random foreign entities such as Hindenburg Research are questionable. Despite dressing up their claims in a gloss of research, the...
Nium seeks FX authorization in Brazil
Nium, a provider of real-time cross-border payments, is strengthening its presence in Latin America by applying for essential licenses, joining key fintech associations, expanding its employee presence, and signing new customers. This month Nium applied for a Payment...
Wealth management startup Neo Group secures Rs 400 crore from MUFG Bank, Euclidean Capital, ET BFSI
Wealth and asset management startup Neo Group has raised Rs 400 crore (around $47 million) in a fresh equity funding round led by Japanese lender MUFG Bank along with New York-based Euclidean Capital.Peak XV Partners, which had invested around $35 million in October...
NZD/USD Gains Momentum ahead of RBNZ Meeting
The New Zealand dollar is steadily rising against the US dollar, with the NZD/USD pair reaching 0.6014 as of Monday. The financial markets are gearing up for Wednesday’s Reserve Bank of New Zealand (RBNZ) meeting. Analysts widely anticipate that the RBNZ will maintain...
Algorithmic Trading in Fintech: A Game-Changer in Modern Finance
The introduction of technology in the domain of finance opened new avenues for innovation. Artificial intelligence has emerged as one of the most powerful technologies with the potential to transform financial services. The introduction of fintech algorithmic...
Sensationalism or cause for concern? What experts and Opposition say on Hindenburg vs SEBI issue, ET BFSI
Hindenburg Research's recent allegations against SEBI Chairperson Madhabi Puri Buch have sparked significant debate. While many experts dismiss the claims as baseless and sensationalist, with notable figures like former Infosys CFO Mohandas Pai and Deepak Shenoy...
Axi, Girona FC renew partnership for two more seasons
Retail Forex and CFD broker Axi has announced a renewal of its partnership with LaLiga club, Girona FC, for two more seasons. Since partnering with the Spanish club at the beginning of the 2023/24 season as their Official LATAM Online Trading Partner, the team have...
IIHL transfers money to creditors in first step to take over Reliance Capital, ET BFSI
IndusInd International Holdings (IIHL), the winning bidder to take over Reliance Capital Ltd has transferred Rs 2750 crore to a designated escrow amount in line with the National Company Law Tribunal (NCLT) directions, one person with the direct knowledge of the...
USD/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 145.96; (P) 146.89; (R1) 147.49; More… Intraday bias in USD/JPY stays neutral for the moment. While further rally cannot be ruled out, outlook will stay bearish as long as 38.2% retracement of 161.94 to 141.67 at 149.41 holds. Below 144.04 minor...
Harris narrowly ahead of Trump with voters on the economy: Poll
U.S. Vice President and Democratic presidential candidate Kamala Harris speaks at her campaign headquarters in Wilmington, Delaware, on July 22, 2024. Harris on Monday compared her election rival Donald Trump to "predators" and "cheaters," as she attacked the first...
RBI expected to begin rate cuts in October, with two reductions this fiscal: Crisil, ET BFSI
New Delhi [India], August 11 (ANI): The Reserve Bank of India (RBI) may begin lowering interest rates around October, provided that external factors like weather conditions and international commodity prices do not cause any disruptions, the credit rating agency,...
EUR/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.0906; (P) 1.0919; (R1) 1.0929; More….. Intraday bias in EUR/USD remains for the moment. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, above 1.0944 minor resistance will bring...
How to Handle Your Afternoon Slump in Your Small Business » Succeed As Your Own Boss
Managing and taking strategic breaks is essential for business owners to combat the natural dip in energy often experienced around 3 PM. This afternoon slump is a common phenomenon due to the body’s circadian rhythm, which signals a decrease in alertness and energy...
Spreadex renews as sponsor of Watford FC
Watford Football Club has announced that its partnership with financial spread betting and sports betting firm Spreadex has been renewed leading into the 2024/25 campaign. Watford FC competes in the EFL Championship, the second tier of English football. Spreadex...
Centre starts work to restore power of PSBs to issue look-out circulars, ET BFSI
The government and banks have held consultations with attorney general R Venkataramani on restoring the powers of public sector banks (PSBs) to issue look-out circulars (LOCs) against defaulters.Lenders have submitted their arguments and are hopeful of a swift...
Markets unfazed by Hindenburg report, trade in green, BFSI News, ET BFSI
Mumbai (Maharashtra) [India], August 12 (ANI): The stock markets showed resilience on Monday during mid-trading, shrugging off concerns raised by the recent Hindenburg report.Despite opening with a slight dip, both the BSE Sensex and Nifty 50 indices managed to...
DirecTV is pushing its pay TV bundle — without a satellite dish
The "For the Birds" ad campaign for DirecTV emphasizes customers don't need a satellite dish anymore for service. The pigeons are voiced by former NFL star Deion Sanders, and actors Steve Buscemi and Henry Winkler.Courtesy: DirecTVCoach Prime wants consumers to know...
New IBBI guidelines aim at faster decisions and dispute resolution in insolvency process, ET BFSI
The Insolvency and Bankruptcy Board of India (IBBI) has introduced a comprehensive set of guidelines for the Committee of Creditors (CoC) aimed at enhancing transparency, reducing delays, and maximizing the value of assets during the corporate insolvency resolution...
Back in Business – Action Forex
In focus today Danish CPI is due this morning, and we expect inflation to decline from 1.8% in June to 0.9% in July, as last year’s temporary suspension of the electricity fee exits the inflation measure. In the week ahead, we will watch out particularly for US...
Biden-Harris new regulations would target corporations that waste consumers time
U.S. President Joe Biden attends a press conference during NATO's 75th anniversary summit, in Washington, U.S., July 11, 2024. Leah Millis | ReutersThe Biden Administration on Monday unveiled a new, multi-agency regulatory initiative to target corporate practices that...
Exclusive: William Mead named Head of Operations at IG Group
FNG Exclusive… FNG has learned that leading UK based online trading firm IG Group (LON:IGG) has named William Mead as the company’s new Head of Operations. William Mead has been at IG for 13 years, joining in 2013 in Trading Services before being named Global Head of...
Bajaj Finance gets show-cause notice for ‘GST evasion’ of ₹341 crore, ET BFSI
Recently, Bajaj Finance has received a ₹341 crore show-cause notice from the Directorate General of Goods and Services Tax Intelligence (DGGI) alleging tax evasion on loan processing charges, as per an Economic Times report.The consumer finance company faces 100%...
RBI to introduce UPI ‘Delegated Payments’, ET BFSI
The Reserve Bank of India (RBI) has proposed introducing a “Delegated Payments” facility in UPI. According to the RBI Governor Monetary Policy Meeting Statement on Developmental and Regulatory Policies, “The Unified Payments Interface (UPI) has a very large user base...
Gold on Track to Revisit All-Time High
Gold advances after bouncing off 50-day SMA The bulls eye recent record high as next target Oscillators are cautiously tilted to the upside Gold has been trading back and forth within a range in the past month, unable to adopt a clear directional impetus. In the near...
PayNearby’s Jayatri Dasgupta, ET BFSI
Economies grow when more women join the workforce, says a UN report. So if India wants to grow faster, the women in the country — who make up about 50% of the population — must get employment opportunities, says Jayatri Dasgupta, Program Director, Digital Naari,...
U.S. sends more forces to the Middle East to ‘defend Israel’
This handout photo provided by the US Navy shows the aircraft carrier USS Abraham Lincoln, left, in 2019.Zachary Pearson | U.S. Navy Handout | Getty ImagesThe U.S. is sending more troops and military hardware to the Middle East as it seeks to increase the resources...
RBI raises concern for top-up home loans, BFSI News, ET BFSI
Recently, The Reserve Bank of India (RBI) has expressed its concern about home loan top-up asking lenders to be vigilant and conduct due diligence while issuing home loan top-up.The allure of top-up housing finance is undeniable, offering additional funds on existing...
Exclusive: UBS Executive Director of FX Sales Richard Turner moves to HSBC
FNG Exclusive… FNG has learned that global banking firm HSBC has hired experienced FX industry executive Richard Turner as Director, FX Sales in its London office. Richard Turner joins HSBC from Swiss bank UBS, where he worked for the past four years as Executive...
RBI raises concern for top-up home loans, BFSI News, ET BFSI
Recently, The Reserve Bank of India (RBI) has expressed its concern about home loan top-up asking lenders to be vigilant and conduct due diligence while issuing home loan top-up.The allure of top-up housing finance is undeniable, offering additional funds on existing...
XAU/USD Outlook: Bulls Hold Grip Ahead of Key US Inflation Data
Gold remains at the front foot and edges higher in early Monday, extending recovery into third straight day. The yellow metal regained ground after last week’s sharp fall, boosted by growing signals that the Fed may opt for 50 basis points rate hike in September. Weak...
India to expand UPI digital payment service to Maldives, BFSI News, ET BFSI
United Payments Interface (UPI) will soon be expanded to Maldives, External Affairs Minister S Jaishankar has said. Jaishankar, who is on a three-day visit to Maldives took to X (formerly known as Twitter) where he said that India and Maldives have signed an agreement...
Surge in number of new firms being set up in 2024-25, BFSI News, ET BFSI
New Delhi, The number of new company and LLP (limited liability partnership) incorporations increased by nearly 5 per cent so far during the current financial year to touch the 91,578 mark compared to 87,379 in the same four-month period last year, according to...
FX option expiries for 12 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 1.0900 level. With price action also keeping in between its key hourly moving averages of 1.0890-22 currently, the expiries are likely to help play a role in keeping...
Trump promotes false Harris AI crowd size conspiracy
U.S. Vice President and Democratic Presidential candidate Kamala Harris speaks to supporters during a campaign rally in Romulus, Michigan, U.S., August 7, 2024. Rebecca Cook | ReutersFormer President Donald Trump on Sunday falsely accused his November election...
Quiet Forex Start Masks Anticipation of US CPI-Driven Volatility
The forex markets have started the week on a subdued note, typical of a Monday morning in Asia, particularly with Japan on holiday. Yen remains in a consolidation phase, holding steady after its recent gains and staying as the strongest currency this month so far....
RoboForex enhances “Market Analysis” section on its website
Retail FX and CFD broker RoboForex has improved its in-house financial analysis content for traders. The improvements are already live in the “Market Analysis” section on the RoboForex website. The RoboForex “Market Analysis” offers daily market analysis and forecasts...
a16z Crypto Explores Token Best Practices and Emerging Trends
Iris Coleman Aug 12, 2024 04:50 a16z crypto offers guidance on token best practices, financial models, and innovation ecosystems, while highlighting recent blockchain advancements in California. a16z crypto, a...
CVC Capital Partners pips EQT, set to buy Aavas Financiers for Rs 7,000 crore, ET BFSI
MUMBAI: CVC Capital Partners, one of the largest European private equity groups, has trumped EQT to emerge as the highest bidder for Aavas Financiers (formerly AU Housing Finance).Current promoters of the affordable housing finance company, private equity firms...
Harris matches Trump proposal to ban taxes on tips at Las Vegas rally
U.S. Vice President Kamala Harris (L) and Former President Donald TrumpReutersVice President Kamala Harris pledged to eliminate taxes on tips in the service and hospitality sectors if she wins the presidency, echoing the same proposal former President Donald Trump...
Japanese Yen, Natural Gas & Silver lead Bullish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on August 6th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Robinhood (HOOD) Sees Record Revenues and Subscriber Growth in Q2 2024
Caroline Bishop Aug 08, 2024 02:21 Robinhood Markets, Inc. reported Q2 2024 financial results, showcasing record revenues, increased net deposits, and significant subscriber growth. Robinhood Markets, Inc....
Exclusive: Prop firm The Trading Pit’s Head of Dealing Hakam Thalji joins SquaredFinancial
FNG Exclusive… FNG has learned that Cyprus based Retail FX and CFDs broker SquaredFinancial has hired experienced industry executive Hakam Thalji, as the company’s new Head of Dealing. Hakam Thalji joins SquaredFinancial after spending the past year at retail prop...
SEBI chief replies over 2015 investment, two companies allegation, ET BFSI
Hitting bank on the report by US-based research firm, Hindenburg, SEBI chief Madhabi Puri Buch and her husband Dhaval Buch released a joint statement countering the allegations.Over the investment made in 2015, Buchs said, “The investment in the fund referred to in...
Speculators sharply pare back Japanese Yen bearish 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 6th and shows a quick view of how large market...
Innovative Economic Model Introduced for App Tokens by a16z Crypto
Timothy Morano Aug 08, 2024 12:49 a16z Crypto unveils a new model for cash flows in app tokens, aiming to enhance compliance and maximize protocol value. a16z Crypto has announced a groundbreaking approach aimed...
Restaurant CEOs focus on value as they aim to bring back customers
A sign advertises meal deals at a McDonald's restaurant in Burbank, California, on July 22, 2024.Mario Tama | Getty ImagesRestaurant CEOs have become obsessed with the word "value" in explaining to investors why their sales lagged this quarter while sharing plans to...
Anthropic Expands AI Model Safety Bug Bounty Program
Darius Baruo Aug 08, 2024 14:47 Anthropic broadens its AI model safety bug bounty program to address universal jailbreak vulnerabilities, offering rewards up to $15,000. The rapid advancement of artificial...
IBM Research Advances in Conversational AI with Next-Gen Virtual Agents
Felix Pinkston Aug 08, 2024 15:08 IBM Research is developing advanced AI systems to meet the rising demand for virtual agents capable of efficiently handling customer needs. The demand for virtual agents that...
Declining bank deposits raise concerns about NBFC’s fund raising capacity: Report, ET BFSI
Amid the concerns of declining deposits at banks, CareEdge Ratings anticipated that the credit-deposit ratios may pose a concern to the Non-Banking Financial Companies (NBFCs)."Bank's credit-deposit ratios raise concerns about NBFCs' ability to secure funds," it...
Circle and Berkeley Utilize AI for Blockchain Transactions with TXT2TXN
Timothy Morano Aug 08, 2024 15:58 Circle and Blockchain at Berkeley introduce TXT2TXN, an AI-driven tool using Large Language Models to simplify blockchain transactions through intent-based applications. Circle...
Over 1.4 lakh startups recognized in India; 67,499 have women directors, ET BFSI
India's startup ecosystem continues to thrive, with a significant milestone of over 1.4 lakh entities recognized as startups by the Department for Promotion of Industry and Internal Trade (DPIIT) as of June 30, 2024. Among these, an encouraging 67,499 startups have at...
Celestia’s Lemongrass Upgrade: A Comprehensive Overview
Timothy Morano Aug 09, 2024 01:29 Celestia announces Lemongrass upgrade with key consensus changes including Interchain Accounts and Packet Forward Middleware. A significant milestone is on the horizon for...
Trump campaign says it was hacked by foreign actors
Republican presidential candidate former President Donald Trump speaks during a press conference at his Mar-a-Lago estate on August 08, 2024, in Palm Beach, Florida. Joe Raedle | Getty ImagesThe Trump campaign on Saturday said that a foreign hacker had breached its...
FX week in review: CFI acquires, CySEC onboarding rules, South Africa licenses, Robinhood record results
Where did Retail FX and CFDs broker CFI expand by acquiring a local broker? What are CySEC’s new rules for digital onboarding of clients? Which Cyprus based brokers received new licenses in the growing South Africa market? What were the main drivers behind Robinhood’s...
Exploring Spreadsheet, Generative, and Collaborative UI/UX for Agents
Zach Anderson Aug 11, 2024 01:25 Discover the latest in spreadsheet UX, generative UI, and collaborative UX for agents, as highlighted by LangChain Blog. In the rapidly evolving field of user experience (UX) for...
Celine Dion Trump controversy erupts over ‘Titanic’ song rights
File photo: Celine Dion performs at the Palais Omnisports de Bercy on December 5, 2013 in Paris, France.Bertrand Rindoff Petroff | Getty ImagesCanadian singer Celine Dion on Saturday bashed former President Donald Trump for using her song "My Heart Will Go On" at his...
Arkham Intelligence Introduces Tags for Gnosis Safe Signers
Ted Hisokawa Aug 11, 2024 01:55 Arkham Intelligence has launched a new feature allowing users to tag and find signers of Gnosis Safe Multisig wallets. Arkham Intelligence has unveiled a new feature aimed at...
SBI vs HDFC Bank vs ICICI Bank vs Canara Bank, ET BFSI
IMPS, or Immediate Payment Service, offers a real-time money transfer service accessible 24/7 through multiple channels, including mobile, the internet, branches, ATMs, and SMS. It is a cutting-edge service that enables quick and secure movement of funds between banks...
Sebi chief, husband denies Hindenburg allegations as baseless, ET BFSI
New Delhi, Capital markets regulator Sebi Chairman Madhabi Puri Buch and her husband on Saturday denied allegations levelled against them by short seller Hindenburg as baseless and asserted that their finances are an open book. In a statement, Madhabi Puri Buch and...
Harris responds to Trump Fed comments; readies economic policy plan
U.S. Vice President and Democratic presidential candidate Kamala Harris speaks with members of the media before boarding Air Force Two at Detroit Metropolitan Wayne County Airport in Romulus, Michigan, U.S., August 7, 2024.Elizabeth Frantz | ReutersVice President...
Exploring the Advances in Automatic Speech Recognition (ASR) Technology
Joerg Hiller Aug 11, 2024 02:12 Discover the latest advancements in Automatic Speech Recognition (ASR), including efficiency improvements and key considerations for choosing the best Speech-to-Text solutions. ...
Render Network Highlights 3D Artist Annibale Siconolfi’s Futuristic Worlds
Luisa Crawford Aug 09, 2024 01:56 Render Network's latest spotlight features Annibale Siconolfi, a grant recipient known for his vivid futuristic 3D art, exploring themes like global warming and overpopulation. ...
What are the allegations levied by Hindenburg against SEBI chief?, ET BFSI
SEBI Chairperson Madhabi Puri BuchHindenburg Research on late Saturday post has said that the SEBI Chairperson Madhabi Buch and her husband, Dhaval Buch, had hidden stakes in the exact same obscure offshore Bermuda and Mauritius funds, found in the same complex nested...
Bank business tepid in July as deposit growth slows, ET BFSI
Bank business remained tepid in July as both credit and deposits failed to keep pace with last year's levels, the latest Reserve Bank of India data indicates.While deposits rose 10.6 percent year-on-year as of July 26 compared to 12.9 percent in the same period a year...
NVIDIA Releases CUDA-Q v0.8, Enhancing Quantum Programming
Lawrence Jengar Aug 09, 2024 02:29 NVIDIA's CUDA-Q v0.8 update simplifies quantum programming with enhanced state handling, Pauli words, custom unitary operations, and more. NVIDIA has announced the release of...
Hindenburg alleges SEBI chief’s stake in obscure offshore entities used in Adani scandal, ET BFSI
SEBI chairperson Madhabi Puri BuchHindenburg Research launched scathing attack on the SEBI chief Madhabi Buch on Saturday night alleging her and husband to have a stake in the obscure offshore entities used in the Adani money siphoning scandal."We had previously noted...
Are banks open or closed this Saturday, August 10?, ET BFSI
Many individuals keep their bank related work for Saturday; however such individuals should note that banks are open only on the first, third and fifth (incase). Banks are closed on the second and fourth Saturdays of the month.August 2024 bank holidays: Banks are...
CleanSpark Reschedules Q3 2024 Financial Results Webcast
Darius Baruo Aug 10, 2024 01:03 CleanSpark Inc. (Nasdaq: CLSK) has rescheduled its Q3 2024 financial results webcast to August 9, 2024, at 4:30 PM ET / 1:30 PM PT, according to investors.cleanspark.com. ...
Speculator Bets led by Russell & S&P 500 :: 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 6th and shows a quick view of how large traders...
Kotak Mahindra Bank appoints Kedarswamy Ravangave as head of marketing for consumer and commercial bank, ET BFSI
Representative imageKotak Mahindra Bank has announced the appointment of Kedarswamy (Kedar) Ravangave as head of marketing for consumer and commercial bank.Ravangave joins Kotak Mahindra Bank from Amazon India, where he was a pivotal member of the leadership team,...
Ripple (XRP) USD (RLUSD) Beta Testing Commences on XRP Ledger and Ethereum Mainnet
James Ding Aug 10, 2024 01:32 Ripple (XRP) begins beta testing its stablecoin, Ripple USD (RLUSD), on the XRP Ledger and Ethereum mainnet, a significant step in digital finance. Ripple (XRP) has officially...
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF rebounded strongly after initial dive to 0.9209 last week. But upside is limited by 0.9476 support turned resistance so far. Near term outlook remains bearish for now. On the downside, break of 0.9354 minor support will turn bias back to the downside for...
Harris leads Trump in three major election battlegrounds, poll finds
Former President Donald Trump (L), and Vice President Kamal HarrisReutersVice President Kamala Harris is ahead of former President Donald Trump in the key battleground states of Michigan, Wisconsin and Pennsylvania, according to a new New York Times/Siena College...
Tether to Defend Against Celsius’ $2.4 Billion Lawsuit
Caroline Bishop Aug 10, 2024 15:51 Tether faces a $2.4 billion lawsuit from Celsius Network over a 2022 agreement, vowing to defend against the claims in court. On August 9, 2024, Celsius Network Limited,...
Speculator Bets led by Corn & Soybeans :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 6th and shows a quick view of how large...
‘After merger in 2022, HDFC faced hostile banking landscape’, ET BFSI
MUMBAI: HDFC Bank MD & CEO Sashidhar Jagdishan said that the banking landscape had changed dramatically after the lender decided to merge parent HDFC with itself in April 2022, but the bank was not apologetic about the decision.In a candid admission of how things...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD retreated sharply after initial surge to 1.7180, but downside is held above 1.6474 support so far. Further rise is still expected. On the upside, above 1.6798 minor resistance will bring retest of 1.7180 resistance first. Firm break there will resume larger up...
Speculator Bets led lower by Gold & Copper :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 6th and shows a quick view of how large traders...
HDFC Bank will “break-out” from slow loan growth period, BFSI News, ET BFSI
India's largest private sector lender HDFC Bank is undergoing a period of “adjustment” which may lead to slowing down of credit growth, but will “break out” soon, its managing director Sashidhar Jagdishan said on Friday. Jagdishan added that the bank was focused on...
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP retreated after rising to 0.8624 last week and a short term top could be formed ahead of 0.8643 resistance. Some consolidations could be seen now, with risk of deeper pullback. But downside should be contained by 38.2% retracement of 0.8382 to 0.8624 at 0.8532...
Wavlake Revolutionizes Music Streaming with Bitcoin Lightning Network
Tony Kim Aug 10, 2024 02:10 Discover how Wavlake leverages Bitcoin Lightning Network to enable direct payments from fans to artists, bypassing traditional financial intermediaries. Wavlake, an innovative music...
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY rebounded strongly after initial dive to 154.40 last week. While further rise cannot be ruled out, outlook will remain bearish as long as 38.2% retracement of 175.41 to 154.40 at 162.42 holds. On the downside, below 157.71 minor support will bring retest of...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Aug 10, 2024 14:32 UTC | Updated: Aug 10, 2024 at 14:32 UTC By Clark As the digital market begins to recover, a clear divergence takes form. Ripple (XRP) and RCO Finance (RCOF) are experiencing increased investor interest, defying the watery...
Speculator Bets led by SOFR 3-Months & Fed Funds :: 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 6th and shows a quick view of how large...
Canara Bank hikes lending rate by 5 bps across tenors, BFSI News, ET BFSI
State-owned Canara Bank on Friday raised the marginal cost of funds-based lending rate (MCLR) by 5 basis points (0.05 percentage point), across tenors, making most of the consumer loans costlier. The benchmark one-year tenor MCLR, which is used to price most consumer...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Aug 10, 2024 14:42 UTC | Updated: Aug 10, 2024 at 14:42 UTC By Clark A cryptocurrency competing with Solana (SOL) in terms of performance is also set to surpass Ripple’s (XRP) market gains in 2024. Although yet to be launched, ETFSwap’s (ETFS)...
NVIDIA’s RAPIDS cuDF Enhances pandas Performance by 30x on Large Datasets
Felix Pinkston Aug 10, 2024 02:42 NVIDIA releases RAPIDS cuDF unified memory, boosting pandas performance up to 30x on large and text-heavy datasets. NVIDIA has unveiled new features in RAPIDS cuDF,...
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY rebounded after initial dive to 180.00 last week. While further rise cannot be ruled out, outlook will stay bearish as long as 38.2% retracement of 208.09 to 180.00 at 190.73 holds. On the downside, below 184.46 minor support will turn intraday bias back to...
Kotak Mahindra Bank appoints Kedarswamy Ravangave as head of marketing for consumer and commercial bank, ET BFSI
Representative imageKotak Mahindra Bank has announced the appointment of Kedarswamy (Kedar) Ravangave as head of marketing for consumer and commercial bank.Ravangave joins Kotak Mahindra Bank from Amazon India, where he was a pivotal member of the leadership team,...
TV Somanathan appointed as Cabinet Secretary, ET BFSI
The Appointments Committee of the Union Cabinet on Saturday appointed 1987-batch IAS officer TV Somanathan as the Cabinet Secretary of India. Somanathan who is currently the Finance Secretary of India will remain in office for a tenure of two years, starting August...
BNB Chain Unveils Attestation Ideas for 2024 Q3 Hackathon
Rebeca Moen Aug 10, 2024 03:05 BNB Chain announces attestation ideas for its 2024 Q3 Hackathon, with over $500,000 in prizes. Key tracks include gaming, social, and payments. BNB Chain has announced its...
USD/CAD Weekly Outlook – Action Forex
USD/CAD spiked higher to 1.3946 last week but reversed from there. Yet, downside is contained by 55 D EMA (now at 1.3717) so far. Initial bias is neutral this week first. Strong rebound from current level, followed by break of 1.3790 minor resistance, will retain near...
Optimal Audio Formats for Speech-to-Text Applications: A Comprehensive Guide
Joerg Hiller Aug 10, 2024 03:40 Explore the best audio file formats for speech-to-text applications, focusing on sound quality, file size, and compatibility with STT software. The accuracy of Speech-to-Text...
FM Nirmala Sitharaman, ET BFSI
New Delhi, Finance Minister Nirmala Sitharaman on Saturday asked banks to come up with innovative and attractive schemes to mobilise deposits. Addressing the media after the board meeting of the Reserve Bank of India, she said that deposits and lending are the two...
AUD/USD Weekly Report – Action Forex
AUD/USD rebounded strongly after initial dive to 0.6348 last week. Initial bias is mildly on the upside this week for further rise. Sustained break of 55 D EMA (now at 0.6614) will target 0.6798 resistance. On the downside, break of 0.6506 minor support will indicate...
Microsoft’s $13 billion artificial intelligence bet
OpenAI, the company behind the ChatGPT chatbot, was founded in 2015 by a number of researchers, academics and entrepreneurs, including Sam Altman, Greg Brockman and Elon Musk.Altman and Brockman are still at OpenAI, serving as CEO and president, respectively. Musk...
Former YouTube CEO and Silicon Valley trailblazer Susan Wojcicki has died at age 56
Former YouTube CEO Susan Wojcicki, who was also one of the most influential early Google employees, has died at the age of 56 according to posts shared online by her husband Dennis Troper and Google CEO Sundar Pichai on Friday night.Wojicki led YouTube for nearly ten...
USD/CHF Weekly Outlook – Action Forex
USD/CHF rebounded after initial fall to 0.8431 last week. While further rise cannot be ruled out, outlook will stay bearish as long as 38.2% retracement of 0.9223 to 0.8431 at 0.8734 holds. On the downside, below 0.8559 minor support will bring retest of 0.8431 first....
SBI vs HDFC Bank vs ICICI Bank vs Canara Bank, ET BFSI
IMPS, or Immediate Payment Service, offers a real-time money transfer service accessible 24/7 through multiple channels, including mobile, the internet, branches, ATMs, and SMS. It is a cutting-edge service that enables quick and secure movement of funds between banks...
CleanSpark (CLSK) Reports Q3 FY2024 Financial Results, Revenue Surges 129%
Peter Zhang Aug 10, 2024 04:17 CleanSpark (CLSK) announces Q3 FY2024 financials with a 129% revenue increase and a $50 million credit line from Coinbase. CleanSpark, Inc. (Nasdaq: CLSK), a prominent Bitcoin...
USD/JPY Weekly Outlook – Action Forex
USD/JPY rebounded strongly after initial dive to 141.67 last week. While further rally cannot be ruled out, outlook will stay bearish as long as 38.2% retracement of 161.94 to 141.67 at 149.41 holds. Below 144.04 minor support will turn bias to the downside for...
Enabling framework needed to help companies issue ESG bonds domestically: RBI official, ET BFSI
Mumbai, There is a need to create an "enabling framework" to help Indian companies issue environmental, social and governance (ESG) bonds locally, a senior RBI official said on Friday. Underlining that capital markets regulator Sebi which looks after the regulations...
Sitharaman to banks at post-Budget RBI Board of Directors’ meeting, ET BFSI
Union Finance Minister Nirmala Sitharaman on Saturday stressed on the need for banks to focus on 'core banking'. The FM made the remark at a meeting of the Central Board of Directors of the Reserve Bank of India."Both RBI and the government want Banks to focus on core...
EUR/USD Weekly Outlook – Action Forex
EUR/USD retreated after initial rise to 1.1007 last week and turned into consolidations. Initial bias stays neutral this week first. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, above 1.0944 minor...
LeMUR Claude 3 Introduces New Endpoints and Enhanced Zapier Integration
Jessie A Ellis Aug 10, 2024 04:36 AssemblyAI announces new endpoints for LeMUR Claude 3 and a major update to its Zapier integration, enhancing automation and flexibility. AssemblyAI has expanded its LeMUR...
How central banks can help in reducing market volatility, BFSI News, ET BFSI
We have seen that the actions of a single central bank can swiftly influence market sentiment, capital flows, and economic stability across multiple countries. Central banks wield immense power to influence the stock market, with their policy decisions acting as...
GBP/USD Weekly Outlook – Action Forex
GBP/USD’s decline from 1.3043 extended lower last week but recovered after hitting 1.2664. Initial bias remains neutral this week first, and further fall is in favor as long as 1.2839 resistance holds. Below 1.2664 will target 1.2612 support. Decisive break there...
Meet Bolts McWhiffles: The Crafting Squirrel of the VOXVerse
Luisa Crawford Aug 10, 2024 04:52 Gala Games introduces Bolts McWhiffles, the master crafting squirrel in the VOXVerse. Learn about her unique skills and contributions. Gala Games has unveiled a new character in...
Circle Introduces Gasless Transactions on Solana via Fee Payers
Alvin Lang Aug 10, 2024 05:33 Circle's new Gas Station feature on Solana eliminates gas fees for users by sponsoring them through fee payer wallets. Circle, a prominent fintech firm, has launched a new feature...
India’s forex reserves touch a fresh high of $674.9 bn as of Aug 2, ET BFSI
The Reserve Bank of Indias’ foreign exchange reserves touched a fresh high of $674.9 billion in the week ended 2nd August, central bank data showed.The total reserves rose by $7.5 billion and were primarily driven by foreign currency assets which rose $5.1 billion to...
Market Panic Subsides as Consolidations Take Hold, but Sentiment Remains Fragile
The global financial markets started last week in a state of panic, driven by a sharp selloff in stock markets, with Japan’s Nikkei index experiencing particularly heavy losses. However, as the week progressed, this initial wave of panic appeared to subside, with...
PFC gets ₹1,400 crore loan from Japanese Bank for green business, ET BFSI
Power Finance Corporation has secured a long-term loan of JPY25.5 billion (₹1,400 crore) from the Japan Bank for International Cooperation (JBIC).The loan proceeds will be used to finance a 300 MW wind energy project of Ostro Kannada Power Pvt Ltd in Karnataka. The...
GalaSwap Introduces Enhanced Navigation and Direct Token Transfers
Rongchai Wang Aug 10, 2024 06:09 GalaSwap announces new updates, including improved navigation, direct token transfers, and NFT inventory viewing, to enhance user experience. The decentralized token swapping...
Weekly Economic & Financial Commentary: A Wild Week in a Data Desert
Summary United States: A Wild Week in a Data Desert It was a very quiet week on the U.S. economic data front, but financial markets were anything but calm. Last week’s run of weak U.S. data, capped by a troubling rise in the unemployment rate and a slowdown in nonfarm...
Trump Media reports $16 million loss for quarter as revenue falls
This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022.Stefani Reynolds | AFP | Getty ImagesTrump Media, the social media company whose...
Who after Adani? Hindenburg Research says something ‘big’ soon India, ET BFSI
After Adani bombshell last year, Hindenburg Research has hinted at another 'big' India reveal. The US short seller on Saturday, in a post on X (formerly Twitter), said, "Something big soon India."On January 24 last year, Hindenburg Research published a report sharply...
List of PSU banks offering highest FD interest rates in August 2024, ET BFSI
Many public sector banks (PSU) have revised their fixed deposit interest rates in the last two months. PSU banks, also known as Public Sector Banks, are Indian banking in which the government holds more than 50% of the capital.Banks that have revised fixed deposit...
The Weekly Bottom Line: Bumps in the Road
U.S. Highlights Inflation and the labor market are cooling off, but the economy has not yet hit a wall. Despite what markets may be fearing. The ISM services survey showed broad based improvements in July, while falling longer term interest rates are easing financial...
Understanding Front End, Back End, and Full Stack Development
Zach Anderson Aug 10, 2024 06:25 DevSpeak clarifies the roles of front end, back end, and full stack developers, breaking down their importance in web and app development. In the latest installment of DevSpeak,...
Harris erases Trump’s lead on the economy: CNBC/Generation Lab survey
U.S. Vice President Kamala Harris and Republican presidential nominee and former U.S. President Donald Trump.Brendan Mcdermid | Elizabeth Frantz | ReutersYounger Americans do not appear to hold Vice President Kamala Harris responsible for what many of them believe is...
18-month DA, DR arrears for central govt employees, pensioners now? Know what Finance Ministry says, ET BFSI
Is the Union government planning to release the arrears for Dearness Allowance (DA) and Dearness Relief (DR) that were suspended for 18 months during the COVID-19 pandemic for the central government employees? Following numerous representations and letters from...
NaBFID set to raise at least Rs 1,000 crore via 20-year bond issue, ET BFSI
Mumbai: The National Bank for Financing Infrastructure and Development (NaBFID), which funds India's infrastructure sector, is raising at least '1,000 crore by issuing a rare 20-year bond, the first of its kind from a development finance institution (DFI) from the...
Markets Weekly Outlook – US CPI to Test Markets Following Tumultuous Week
US equities rebounded from a selloff earlier in the week, ending slightly higher. However, caution remains due to upcoming economic data releases. The Japanese Yen is heading for its first losing week in six, impacted by a peak in short-position unwinding and dovish...
RBI’s crackdown on unauthorised digital lending apps yields positive impact, finds survey, ET BFSI
The Reserve Bank of India's (RBI) efforts to curb the proliferation of unauthorized digital lending platforms and mobile applications have shown promising results, according to a recent survey by LocalCircles. The survey reveals a significant decrease in the number of...
Bitcoin plunged 28%. Institutional investors bought the dip
The crypto markets appear calm heading into the weekend after a volatile week that tested how institutional investors new to the crypto trade would react to the mammoth swings that are old hat for more seasoned digital currency investors.The sell-off in bitcoin and...
Israel airstrike on Gaza school kills more than 100, Hamas says
A man cries inside a school used as a temporary shelter for displaced Palestinians in Gaza City, after it was hit by an Israeli strike on August 10, 2024, that killed more than 90 people,as the conflict between Israel and the Hamas movement continues.Omar Al-qattaa |...
Summary 8/12 – 8/16
Monday, Aug 12, 2024 Tuesday, Aug 13, 2024 Wednesday, Aug 14, 2024 Thursday, Aug 15, 2024 Friday, Aug 16, 2024 The post Summary 8/12 – 8/16 appeared first on Action Forex.
Gala Ecosystem Launches Telegram SSO for Streamlined User Onboarding
Joerg Hiller Aug 10, 2024 06:54 Gala introduces Telegram SSO, enhancing user onboarding for Gala Games, Music, and Film platforms. According to Gala News, the Gala ecosystem has introduced a Single Sign-On (SSO)...
Understanding Cryptocurrency Mining: Methods and Importance
Lawrence Jengar Aug 10, 2024 07:19 Explore how cryptocurrency mining works, its various methods, and its significance in maintaining blockchain networks, according to Gala News. Cryptocurrency mining is a...
Sundaram Home Finance eyes Rs 450 cr disbursements in Maharashtra this year, ET BFSI
Sundaram Home Finance has inaugurated its second branch in Pune as it aims to make disbursements of Rs 450 crore in Maharashtra this year, the company said on Friday. The wholly owned subsidiary of non-banking finance company Sundaram Finance Ltd achieved...
RBI, Sebi look to facilitate local issuance of green bonds, BFSI News, ET BFSI
Mumbai: India's capital markets and banking regulators are taking steps that would encourage investments in green bonds and also help expand the broader debt market.To enable companies to issue Environmental, Social, and Governance (ESG) bonds locally, the Reserve...
SC Garg, BFSI News, ET BFSI
Subhash Chandra Garg, Former Finance Secretary of India, recently shared his insights while delivering the keynote address at the fourth edition of annual CFO conference - ETCFO Turning Point event, detailing the factors that could drive India's growth in the coming...
A Crypto Test for Risk Appetite
Market Picture Risk appetite played out in the markets on Thursday, adding over 6.4% to the crypto market’s capitalisation in the last 24 hours. The capitalisation peaked at $2.18 trillion in the morning, the highest since last Friday. In just over 24 hours, the price...
LangGraph v0.2 Enhances Customization with New Checkpointer Libraries
Tony Kim Aug 09, 2024 02:55 LangGraph v0.2 introduces new checkpointer libraries, including SQLite and Postgres options, to enhance customization and resilience in LLM applications. LangChain has announced the...
Gold Is Back, But Not For Long
Gold has experienced increased volatility over the past seven days, falling 4.4% from Friday’s high to Monday’s low and then rising 2.5% from the low. Much of gold’s recovery on Thursday was in tandem with a massive rally in equities in response to some improvement in...
Gold (XAU/USD) Remains Strong Above $2400/oz as Fed Hints at Upcoming Rate Cuts
Despite a stronger US Dollar yesterday, gold’s upward trend continued, bolstered by the rate cut narrative. The technical outlook for gold indicates further upside potential, with prices possibly reaching between 2440 and 2450 during the US session. The longer-term...
CoreWeave Strengthens Leadership Team with Key Senior Hires to Drive Expansion
Ted Hisokawa Aug 09, 2024 03:23 CoreWeave appoints Chen Goldberg and Sachin Jain to senior roles, bolstering its leadership amid significant growth and European expansion efforts. CoreWeave Welcomes Industry...
Stellantis laying off 2,450 workers due to outgoing Ram pickup
The 2019 Ram 1500 Rebel pickup truck is displayed at the North American International Auto Show in Detroit, January 15, 2018.Brendan McDermid | ReutersDETROIT – Automaker Stellantis plans to indefinitely lay off up to 2,450 U.S. factory workers later this year as it...
Canada’s jobs down -2.8k in Jul, unemployment rate unchanged at 6.4%
Canada’s employment fell -2.8k in July, much worse than expectation of 26.9k growth. The 62k rise in full-time work was offset by -62k decline in part-time work. Employment rate fell -0.2% to 60.9%. Unemployment rate was unchanged at 6.4%, below expectation of 6.5%....
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2693; (P) 1.2722; (R1) 1.2780; More… GBP/USD dips mildly after hitting 55 4H EMA but stays in range above 1.2664. Intraday bias remains neutral for the moment. Another fall is in favor as long as 1.2839 resistance holds. Below 1.2664 will target...
Comprehensive Guide to Token Design, Launch, and Rights Management
Timothy Morano Aug 09, 2024 13:52 a16z crypto provides an in-depth guide on designing, launching, and managing token rights, covering essential strategies and best practices. According to a16z crypto, tokens are...
Tether and Africa Blockchain Institute Partner to Educate Ivory Coast Students on Blockchain
Felix Pinkston Aug 09, 2024 14:56 Tether and Africa Blockchain Institute have teamed up to deliver blockchain education across universities in Ivory Coast, aiming to equip students with practical skills. Tether...
USD/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 145.96; (P) 146.76; (R1) 148.07; More… Intraday bias in USD/JPY stays neutral at this point. While further rise cannot be ruled out, outlook will stay bearish as long as 150.88 resistance holds. On the downside, below 144.04 minor support will bring...
USD/CHF Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8593; (P) 0.8634; (R1) 0.8707; More… Intraday bias in USD/CHF remains neutral for the moment and further decline is still expected. On the downside, below 0.8559 minor support will bring retest of 0.8431 first. Break there will resume the fall...
California Partners with NVIDIA to Enhance AI Education for Students and Educators
Alvin Lang Aug 09, 2024 15:42 California announces an AI education initiative with NVIDIA, aimed at equipping universities and community colleges with generative AI skills. The State of California has unveiled a...
Week Ahead – US CPI to Test Market Nerves, RBNZ Might Cut Rates
Market turmoil has eased, but will US CPI stir things up again? Crucial week for sterling as UK CPI, GDP and retail sales on the way The RBNZ is edging closer to a rate cut, but will it be next week? Japanese GDP, Australian jobs and Chinese data eyed too US economy...
SEC charges Pacific Financial with Marketing Rule violation
The Securities and Exchange Commission (SEC) today announced settled charges against The Pacific Financial Group, Inc., a registered investment adviser based in Bellevue, Washington, for violating the Marketing Rule. The charges concerned Pacific Financial advertising...
Ethereum (ETH) Turns Inflationary in 2024, Ending Six Quarters of Deflation
Tony Kim Aug 09, 2024 15:24 Ethereum (ETH) has turned inflationary in Q2 2024, adding 75,301 ETH to the network, marking a significant shift from its deflationary trend since late 2022. Ethereum (ETH) has...
Is the US Data that Bad to Justify a Rate Cut?
The recent acute market reaction occurred due to increased recession fears Surprise indices point to a more balanced US economic situation Recessions tend to be caused by one-off major events The recent market drop has been attributed to higher chances of a US...
Life Time creates its own pickleball as the sport booms
Life Time fitness club company said it has created the "ultimate" ball for the booming sport of pickleball.Courtesy: Life TimeTired of playing with pickleballs he found inconsistent in bounce and durability, Life Time's founder and CEO Bahram Akradi decided to take...
Gpay, WhatsApp Pay, PayTM, HDFC Bank app will not be available on this day, ET BFSI
HDFC Bank is undergoing an essential system maintenance due to which UPI services will not be available for three hours on August 10, 2024. The bank sent an email to customers informing them about this scheduled downtime for UPI services.Here is a look at the timings...
U.S. Inflation Likely Held Steady in July
All eyes will be on Wednesday’s U.S. inflation print after a larger-than-expected increase in the unemployment rate and softening in the manufacturing sector a week ago heightened concerns that the Federal Reserve may need to respond with more aggressive interest rate...
IOTA and Digimarc Transform Plastic Waste with Digital Product Passports
Alvin Lang Aug 09, 2024 14:32 IOTA and Digimarc introduce Digital Product Passports to enhance transparency in plastic recycling, promoting a circular economy. IOTA Foundation, in collaboration with Digimarc,...
US30 index still sensitive to US recession fears :: InvestMacro
By ForexTime Markets still obsessed with deciphering US recession risks Home Depot, Walmart earnings offer pulse on US economyLatest US inflation data also holds clues about Fed’s next movesEconomically-sensitive US30 stock index ready to punch above 50-day SMA...
Governor Shaktikanta Das warns banks on asset-liability risks, ET BFSI
Reserve Bank of India (RBI) governor Shaktikanta Das has warned banks about asset liability mismatches that could occur if banks raise a higher amount of short-term bulk deposits. He asked banks to be innovative in garnering deposits at a time when households are...
EUR/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.0886; (P) 1.0915; (R1) 1.0949; More….. Intraday bias in EUR/USD remains neutral at this point. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, above 1.0944 minor resistance will...
HKMA Alerts Public on Fraudulent App Linked to Bank of Singapore
Rebeca Moen Aug 09, 2024 14:11 The Hong Kong Monetary Authority (HKMA) warns the public about a fraudulent mobile app associated with Bank of Singapore Limited. The Hong Kong Monetary Authority (HKMA) has issued...
Canada’s Job Market Softens Further in July
For the second straight month, Canadian employment was essentially unchanged (-2.8k), disappointing expectations for a modest 25k gain. Full-time positions rebounded (+62k), but were offset by sizeable part-time job losses (-64k). The unemployment rate also remained...
EUR/USD Stabilises Amid Fed Speculation and Absence of Major Economic Data :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair has found some stability at around 1.0921 this Friday, following a week marked by high volatility. Market participants have been adjusting their positions in response to speculations concerning the US economy’s...
Ashwini Kumar Tewari | SBI: What is SBI doing to resurrect deposit growth? Ashwini Kumar Tewari answers, ET BFSI
Ashwini Kumar Tewari, MD, SBI, says rural growth is coming back, consumption is improving and of course, whether it has reached the levels that we want and whether it is sustainable is something we have to see. But with the agricultural growth doing good and the...
Maduro orders 10-day ban on X in Venezuela after feud with Elon Musk
Venezuela's President Nicolas Maduro addresses the media during an event to sign an agreement to recognize the electoral results of the presidential elections of July 28, at the National Electoral Council, in Caracas, Venezuela, June 20, 2024. Miraflores Palace | Via...
Gala Games Unveils Limited-Time VOX Rebate Opportunity Featuring Finley the Shark
Felix Pinkston Aug 09, 2024 03:45 Gala Games launches a limited-time rebate offer for the Finley ProtoVOX outfit, giving $100 in $GALA back. Act fast before it ends. Gala Games has announced a new rebate...
Ukraine unleashes drone attack on Russian airfield
Ukrainian drones struck a key military airfield in Russia's Lipetsk region, forcing authorities to declare a state of emergency in another Russian region this week in the face of Kyiv's ongoing cross-border offensive.Ukrainian forces targeted the airfield in Lipetsk —...
Safe-Haven Currencies Edge Higher, But Momentum Weak
As we move into US session, safe-haven currencies like Yen, Swiss Franc, and Dollar are showing modest gains, driven by weaker stock futures and treasury yields. However, momentum behind these currencies remains unconvincing, with trading sluggish across the board....
Elizabeth Warren letter to Tesla chairwoman Robyn Denholm about Musk
Elon Musk and Robyn DenholmTim Rue | Bloomberg | Getty Images; TelstraSen. Elizabeth Warren, D-Mass., is asking the Tesla board if it's looked into CEO Elon Musk's use of company resources to benefit his other ventures, including SpaceX and xAI."Tesla's Board of...
The Bank of Mexico unexpectedly cut its interest rate. China’s consumer inflation is on the rise :: InvestMacro
By JustMarketsAt Thursday’s close, the Dow Jones Industrial Average (US30) was up 1.76%, while the S&P 500 Index (US500) added 2.30%. The NASDAQ Technology Index (US100) closed positive 2.87% on Thursday. Stocks rose on Thursday after the weekly number of US...
Indian banks need to quell a looming threat as savers flock to stocks, ET BFSI
In what could be music to Indian banks’ ears, deposit growth outpaced credit offtake for the fortnight ending July 12, 2024. The slower credit growth was due to the high base effect and banks' efforts to manage the credit-to-deposit (CD) ratio.Yet, don’t get too...
Fed’s Collins: Gradual rate cuts expected as inflation moderates
Boston Fed President Susan Collins indicated in an interview with the Providence Journal that if current economic data trends continue as expected, it may soon be appropriate to start adjusting monetary policy by “easing how restrictive the policy is”. She emphasized...
CleanSpark Delays Q3 2024 Financial Results Webcast
Terrill Dicki Aug 09, 2024 04:26 CleanSpark Inc. (Nasdaq: CLSK) has postponed its Q3 2024 financial results webcast initially scheduled for August 8, 2024, citing plans to announce a new date soon. CleanSpark...
PFC gets ₹14,800 crore loan from Japanese Bank for green business, ET BFSI
Power Finance Corporation has secured a long-term loan of ₹25.5 billion (₹14,800 crore) from the Japan Bank for International Cooperation (JBIC).The loan proceeds will be used to finance a 300 MW wind energy project of Ostro Kannada Power Pvt Ltd in Karnataka. The...
JPMorgan Chase rolls out AI assistant powered by ChatGPT-maker OpenAI
Teresa Heitsenrether is the firm's chief data and analytics officer.Courtesy: Joe Vericker | PhotoBureauJPMorgan Chase has rolled out a generative artificial intelligence assistant to tens of thousands of its employees in recent weeks, the initial phase of a broader...
EUR/GBP : 200DMA So Far Holds Pullback from New Multi-Week High
EURGBP dips further on Friday, extending pullback from new 3 ½ month high (0.8624) posted previous day. Fresh weakness cracked pivotal 200DMA (0.8555), with sustained break here to add to bearish signals, as reversal pattern is forming on daily chart. However,...
GBP/USD: Bullish Bias Above Rising Daily Cloud
Cable remains at the front foot and extends recovery on Friday morning, after fresh bulls registered break and close above the top of rising daily cloud. Fading US recession fears and solid Chinese economic data revived risk sentiment while sterling gets support from...
Pantera Capital Discusses the Intricacies of Crypto Pricing
Timothy Morano Aug 09, 2024 05:03 Pantera Capital delves into the complexities of getting crypto pricing right, emphasizing the need for accurate and transparent valuation in the volatile market. Pantera...
FxPro adds SPY ETF and QQQ ETF to lineup of investment instruments
FxPro News/ Retail Forex News Maria Nikolova August 9, 2024 Retail FX and CFD broker FxPro has expanded its list of trading instruments by adding two new ETFs. FxPro now offers two of the biggest US ETFs: SPY and QQQ. Clients of the broker can trade these instruments...
Nirmala Sitharaman tables Banking Laws (Amendment) Bill, 2024; Here’s what new, ET BFSI
Finance minister Nirmala Sitharaman With an aim to make significant changes to several key banking regulations, the Finance Minister Nirmala Sitharaman on Friday tabled the Banking Laws (Amendment) Bill, 2024, in the Lok Sabha.Notably, the proposed amendments will...
Examples of Creating Immersive Experiences
Today Generative AI has been playing a catalytic role to transform the gaming world. In recent times the role of Generative AI in gaming has been indispensable. In fact, the fusion of Artificial Intelligence technology and gaming has given rise to a new dimension...
Gala Games Announces Sale of Negan Hero Card for The Walking Dead: Empires
Ted Hisokawa Aug 09, 2024 05:28 Gala Games has announced the sale of the Negan Hero Card for The Walking Dead: Empires, featuring tiered pricing and immediate in-game usability. Gala Games has unveiled an...
EUR/USD Stabilises Amid Fed Speculation and Absence of Major Economic Data
The EUR/USD pair has found some stability at around 1.0921 this Friday, following a week marked by high volatility. Market participants have been adjusting their positions in response to speculations concerning the US economy’s potential rapid recession and subsequent...
FCA issues final notice to Equitrade Markets
The UK Financial Conduct Authority (FCA) today issued to Equitrade Markets Ltd a Decision Notice which notified the firm that the Authority had decided to cancel its Part 4A permission. It appears to the regulator that the firm is failing to satisfy the suitability...
A new red line for rupee is forming as pressure mounts, BFSI News, ET BFSI
The Indian currency tested a series of record lows in recent days but stopped short of crossing that key level on likely intervention by the Reserve Bank of India, according to ANZ Banking Group Ltd. and Nuvama Institutional. Even while emerging-market currencies came...
IOTA Introduces Digital Product Passports for Electronics
Lawrence Jengar Aug 09, 2024 05:57 IOTA Foundation unveils a Digital Product Passport prototype for electronics, enhancing transparency and sustainability in the lifecycle from manufacturing to recycling. The...
Ola Electric shares rise 20% in India IPO, valuing firm at $4.8 billion
Bhavish Aggarwal, Chief Executive Officer (CEO) of Ola Cabs and founder of Ola Electric speaks during a press conference ahead of the Initial Public Offer (IPO). Ashish Vaishnav | Sopa Images | Lightrocket | Getty ImagesShares of Ola Electric surged 20% on their...
Canadian Dollar Rallies, Jobs Report Looms
The Canadian dollar has shined this week, posting gains over the past four days and rising 1%. Will the impressive rally continue? In the North American session, USD/CAD is trading at 1.3732, unchanged on the day. Canadian job growth expected to rebound Canada wraps...
Barclays Capital fined for alleged violations of Cboe rules
Cboe Exchange, Inc. has issued a notice of disciplinary decision against Barclays Capital Inc. From in or about July 2017 through the present, Barclays failed to record accurate order entry times for thousands of manual options orders it transmitted to third-party...
Piramal Capital gets creditor status in Radius Project’s 5.4-acre Mumbai project, ET BFSI
MUMBAI: The National Company Law Tribunal (NCLT) has affirmed the legality of the charge held by Piramal Capital & Housing Finance on realty developer Radius Estate Projects’ development spread over a prime 5.4-acre land parcel in Santacruz, Mumbai’s western...
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 159.56; (P) 160.23; (R1) 161.48; More… Intraday bias in EUR/JPY remains neutral for the moment. Outlook stays bearish with 162.87 resistance intact. On the downside, below 157.71 minor support will turn bias back to the downside. Break of 154.40...
Starknet Integration Goes Live on Dune Analytics
Terrill Dicki Aug 09, 2024 06:26 Starknet, a Layer 2 scaling solution for Ethereum, is now integrated with Dune Analytics, enhancing data accessibility. Starknet, a prominent Layer 2 scaling solution for...
CVC, Nordic Capital, Platinum Ivy make final acquisition offer for Hargreaves Lansdown
The independent directors of Hargreaves Lansdown plc (LON:HL) and the board of directors of Harp Bidco Limited announce that they have reached agreement on the terms and conditions of a recommended final cash acquisition by Bidco of the entire issued, and to be...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 185.54; (P) 186.71; (R1) 188.93; More… Intraday bias in GBP/JPY stays neutral and outlook remains bearish as long as 190.48 resistance holds. On the downside, below 183.10 minor support will bring retest of 180.00 first. Break there will resume the...
Rajan Pental, Executive Director, YES BANK, ET BFSI
YES Bank has been focussing on addressing credit demands of MSMEs and startups. In an interaction with ET Online, Rajan Pental, Executive Director, talks about the various aspects of the lender’s approach to MSME lending and how the bank aims to facilitate seamless...
Warner Bros. Discovery (WBD) earnings Q2 2024
A sign outside of the Warner Brothers Discovery Techwood Turner Broadcasting campus is seen on June 26, 2024 in Atlanta, Georgia. Kevin Dietsch | Getty ImagesWarner Bros. Discovery's stock dropped Wednesday after it reported a $9.1 billion write-down on its TV...
RBI governor has an ‘advice’ for banks, financial institutions, ET BFSI
The Reserve Bank of India (RBI) governor Shaktikanta Das has advised banks and financial institutions to strengthen their IT systems and disaster recovery plans. His advice comes after a major outage affecting Microsoft Windows systems, caused by a faulty CrowdStrike...
USDCAD Bears Take a Break But Are Not Done Yet
USDCAD experiences worst week of the year Selling pressure might persist; eyes on 1.3730 Canadian employment figures due at 12:30 GMT Since reaching a 22-month high of 1.3945, USDCAD has been steadily dropping towards its 50-day SMA at 1.3730, making it the...
Nirmala Sitharaman to introduce new bills to amend banking laws in Lok Sabha today, ET BFSI
New Delhi [India], August 9 (ANI): As the Parliament convenes for the ongoing Budget Session on Friday, Union Finance Minister Nirmala Sitharaman will introduce new Bills including the Banking Laws (Amendment) Bill, 2024 to amend the Reserve Bank of India Act, the...
Deriv Co-CEO Rakshit Choudhary on 25 years in business, and what’s ahead
FNG Exclusive Interview… 2024 marks the 25th anniversary of multi-regulated Retail FX and CFDs broker Deriv. We thought that it would be a good time to catch up with Deriv Co-CEO Rakshit Choudhary on the past 25 years, what’s ahead, where the company is growing,...
Defense tech start-up Anduril Industries raises $1.5 billion
An 1:2 scale model of the Anduril Fury, a multi-mission group 5 autonomous air vehicle (AAV), at Anduril's headquarters in Costa Mesa, California, US, on Thursday, Dec. 14, 2023. Kyle Grillot | Bloomberg | Getty ImagesDefense start-up Anduril Industries announced...
Ethereum (ETH) Developers Address Core Issues in Consensus Call #139
Darius Baruo Aug 09, 2024 06:46 Ethereum developers discussed Pectra updates, PeerDAS implementation, and research findings in All Core Developers Consensus Call #139. On August 8, 2024, Ethereum (ETH)...
Rupee rises 8 paise to 83.89 against US dollar in early trade, ET BFSI
Mumbai, Rupee appreciated 8 paise to 83.89 against US dollar in early trade on Friday, supported by a positive trend in domestic equities and a decline in the US dollar index. Forex traders said post the Reserve Bank of India's monetary policy announcement, markets...
RBI urges vigilance on home equity, top-up loans amid rapid growth, ET BFSI
The Reserve Bank of India (RBI) has raised concerns about the rapid growth of home equity loans and top-up loans on collateralised products, like gold loans, in some lending entities, asking them to tighten their monitoring of fund usage.RBI Governor Shaktikanta Das...
Paramount Global (PARA) Q2 earnings report 2024
The Paramount Studios in Los Angeles on April 29, 2024.Eric Thayer | Bloomberg | Getty ImagesParamount Global is cutting 15% of its U.S. workforce, or about 2,000 jobs, part of a broader cost-cutting plan as it prepares for a merger with Skydance Media.Paramount has...
GBPJPY Climb Continues – Action Forex
GBPJPY is edging higher today, recording another green session It remains around 10% below its recent peak Momentum indicators acknowledge this bullish reaction GBPJPY is edging higher again today, recording its third consecutive green candle and recovering by around...
Ad group suspends GARM after of X, Elon Musk’s antitrust lawsuit
Elon Musk attends the "Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk" session during the Cannes Lions International Festival Of Creativity 2024 - Day Three in Cannes, France, on June 19, 2024.Marc Piasecki | Getty ImagesA global...
The Best Scungilli Salad Recipe
Scungilli Salad, made with fresh lemon juice, celery, red onion, garlic, and parsley, is a simple yet delicious Italian dish that’s super easy to make. If you love seafood, don’t hesitate to give this one a try. What Is Scungilli? “Scungilli” from the Italian word...
FCA warns against Plus500 clone
The UK Financial Conduct Authority (FCA) has issued a warning against a clone of retail FX and CFD broker Plus500. Clone firms are unauthorised entities that abuse the data (name, logo, address, etc) of authorised firms in order to lure victims more easily. Despite...
BitMEX Launches New Prediction Markets for Trump, Harris, Powell, and Gensler
Rongchai Wang Aug 09, 2024 07:15 BitMEX has introduced new prediction markets for Trump, Harris, Powell, and Gensler, offering traders opportunities to speculate on political and economic developments. BitMEX, a...
Aadhar Housing Finance net profit jumps 37% to Rs Rs 200 crore in Q1 FY25, ET BFSI
Aadhar Housing Finance posted a 37% on year increase in their profit after tax to Rs 200 crore in the first quarter of this fiscal, from Rs. 146 crore a year ago. The total assets under management for the housing finance company stood at Rs. 21,726 crore, a 21% growth...
When will RBI cut rates next?, BFSI News, ET BFSI
The Reserve Bank of India (RBI) is expected to maintain its current monetary policy stance in the near term, with no imminent rate cuts on the horizon. Despite the global trend of central banks easing monetary policy, India's central bank appears committed to focusing...
SBI projects GDP growth of 7 pc in FY25, lower than RBIs forecast of 7.2 pc due to global headwinds, ET BFSI
New Delhi [India], August 9 (ANI): The State Bank of India in a report projects that India's real GDP will grow by 7.0 per cent year-on-year in FY25, which is slightly lower than the RBI's forecast of 7.2 per cent.The report noted that the slight downgrade by 20 basis...
How Is the New Fantom Network, Sonic, expected to Impact the Blockchain Industry?
How Is the New Fantom Network, Sonic, expected to Impact the Blockchain Industry?Fantom has carved a notable position as a high-performance, directed acyclic graph (DAG)-based smart contract platform. It aimed to create a fast, scalable, and cost-efficient platform...
FX option expiries for 9 August 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.The first one being for EUR/USD at the 1.0900 mark. That should help to keep a floor on price action in the session ahead, with the pair itself settling just above the figure level following...
Chinese EV makers debut in Singapore as city-state dangles incentives
GUANGZHOU,CHINA - NOVEMBER 24: A ZEEKR X is on display during the 2023 Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 24, 2023 in Guangzhou, Guangdong province of China. (Photo by Stringer/Anadolu via Getty...
E.l.f. Beauty (ELF) earnings Q1 2025
E.l.f. Beauty's growth story is still going.The cosmetics retailer on Thursday blew past quarterly estimates again, posting a 50% gain in sales. The company's sales soared to $324.5 million in its fiscal first quarter, leading it to raise its full-year guidance. That...
Trump’s light campaign schedule as Harris, Walz, Vance barnstorm
Republican presidential candidate former President Donald Trump speaks during a press conference at his Mar-a-Lago estate on August 08, 2024, in Palm Beach, Florida. Joe Raedle | Getty ImagesFormer President Donald Trump said Thursday that he plans to stay off the...
US Stock Rebound Fails to Boost Asian Markets, Focus on Canadian Jobs Data
The US stock market rebounded notably overnight, with all three major indexes closing higher. However, this positive momentum didn’t carry over to the Asian session, where major markets are trading mixed. Despite the gains in the US, the price actions this week still...
Sustainable Crypto Growth: The Necessity of Providing Real Value
Terrill Dicki Aug 09, 2024 07:31 Binance Research emphasizes the need for crypto projects to focus on real value, sustainable yields, and genuine user demand to ensure long-term growth. According to Binance...
Citi Securities Services selected by TDCC for global custody services
Citi Securities Services has been selected by the Taiwan Depository & Clearing Corporation (TDCC) to provide global custody services as the latter implements a new centralized custody platform in the market. TDCC’s centralized custody platform is being developed...
Delta says chaos after CrowdStrike outage cost it $550 million
A Delta Airlines Airbus A319-114 aircraft taxis at Los Angeles International Airport after arriving from Las Vegas on May 5, 2024 in Los Angeles, California. Kevin Carter | Getty ImagesDelta Air Lines on Thursday said last month's CrowdStrike outage and subsequent...
OpenAI Releases Comprehensive GPT-4o System Card Detailing Safety Measures
Rebeca Moen Aug 08, 2024 18:35 OpenAI's report on GPT-4o highlights extensive safety evaluations, red teaming, and risk mitigations prior to release. OpenAI has published an in-depth report on the safety...
Nasdaq Private Market adds Bank of America as investor
Nasdaq Private Market (NPM), a provider of secondary liquidity solutions to private companies, employees, and investors, announced today that it has added Bank of America as an investor. NPM’s existing investor consortium of premier global financial institutions has...
Warner Bros. Discovery CEO Zaslav facing pressure to deliver value
David Zaslav attends the world premiere of "The Flash", in Hollywood, Los Angeles, California, U.S., June 12, 2023.Mike Blake | ReutersWarner Bros. Discovery CEO David Zaslav needs a win. Soon.Since merging Discovery with WarnerMedia in 2022 and immediately slashing...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0907; (P) 1.0922; (R1) 1.0938; More….. EUR/USD dips mildly in early US session as consolidation from 1.1007 extends. Intraday bias remains neutral first. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776...
Exclusive: Valutrades’ Head of Dealing Samin Aref Zaher moves to SGX CurrencyNode
FNG Exclusive… FNG has learned that longtime Valutrades executive Samin Aref Zaher has left the company and moved SGX CurrencyNode, as Liquidity Manager. Launched in 2022 by Singapore’s SGX Group, SGX CurrencyNode seeks to become a leading anonymous Asian FX trading...
dYdX to Integrate Skip Protocol’s Market Map in Upcoming Chain Upgrade
Zach Anderson Aug 08, 2024 17:57 dYdX Chain will integrate Skip Protocol’s Market Map this month, enhancing market parameters and ensuring safety. Governance vote required. The dYdX Chain is set to receive a...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2669; (P) 1.2703; (R1) 1.2726; More… Intraday bias in GBP/USD remains on the downside at this point. Fall from 1.3043 should continue to 1.2612 support. Decisive break there should confirm that rise from 1.2298 has completed, and target this...
Trump holds Mar-a-Lago news conference, Harris campaigns in swing states
Republican presidential nominee Donald Trump is holding a news conference at Mar-a-Lago, as he tries to slow the momentum of his Democratic campaign rival, Vice President Kamala Harris.The presser at Trump's Florida resort and residence comes as his campaign heaps...
Canara Bank plans overseas bond issue to raise $300 million, BFSI News, ET BFSI
Public sector Canara Bank plans to raise at least $300 million by issuing bonds to investors abroad as it seeks to shore up its liability franchise amid strong credit growth. The bank has hired Singapore's DBS Bank, Japan's Mitsubishi UFJ Financial Group and France's...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8530; (P) 0.8596; (R1) 0.8683; More… Intraday bias in USD/CHF remains neutral and outlook is unchanged. While recovery from 0.8431 might extend, further decline is expected with 0.8711 resistance intact. On the downside, below 0.8500 will bring...
Dukascopy Bank warns of clones of its website
Dukascopy Bank SA today issued a warning against three fraudulent websites that abuse its brand. The following websites are clones: https://dukascopys.app/ https://dukascopybanks.us/ https://dukascopybankfx.com/ Clones are fraudulent entities that abuse the details...
Bitcoin is on pace for its largest percentage gain since March (but at key resistance)
Bitcoin is testing 200 hour MA and 50% midpoint. Key areaBitcoin’s price surged over 8% today, marking its largest gain since March 2023. Currently trading at $59,819, up $4,666 for the day, the digital currency has experienced significant volatility over the past 10...
Enhancing GPU Performance: Tackling Instruction Cache Misses
Luisa Crawford Aug 08, 2024 16:58 NVIDIA explores optimizing GPU performance by reducing instruction cache misses, focusing on a genomics workload using the Smith-Waterman algorithm. GPUs are designed to process...
SingularityNET (AGIX) Releases Biweekly Development Update for Decentralized AI Platform
Rongchai Wang Aug 08, 2024 17:22 SingularityNET (AGIX) unveils significant advancements in its Decentralized AI Platform, highlighting updates in Developer Portal, Publisher Portal, and more. SingularityNET...
Borrowing costs soften amid rising surplus liquidity in banking system, ET BFSI
Mumbai: The Reserve Bank of India may or may not ease its stance of withdrawing monetary accommodation on Thursday but borrowing costs in the economy have softened nonetheless as a build-up of surplus banking system liquidity has brought down rates on a host of debt...
Bank of Japan move a lesson for central banks, sign of changing times, ET BFSI
Bank of Japan’s comforting words, coming just a week after the rate hike—rather unparalleled in the once mystic world of central banking—is a testimony how the priorities of monetary authorities, once perceived as imperious freemasons in the world of money, are today...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 144.69; (P) 146.30; (R1) 148.31; More… Intraday bias in USD/JPY remains neutral for the moment. While further rise cannot be ruled out, outlook will stay bearish as long as 150.88 resistance holds. On the downside, below 144.04 minor support will...
Gold (XAU/USD) Recovers Amid Rate Cut Expectations :: InvestMacro
By RoboForex Analytical DepartmentGold (XAU/USD) prices have rebounded to 2394 USD per troy ounce, paring previous losses as the likelihood of a US Federal Reserve rate cut increases. Market sentiment is increasingly cautious amid recession fears, influencing stock...
RBI asks top banks to refrain from large trading bets against rupee: Report, ET BFSI
The Reserve Bank of India has asked some large banks to not add to their existing positions against the rupee in a bid to support the currency which has fallen to all-time lows for three straight days, four bankers told Reuters.Officials from the RBI's financial...
EMIs to rise further, ET BFSI
HDFC Bank has increased its marginal cost of funds-based lending rates (MCLR), according to its official website on August 8, 2024. The bank has increased the loan interest rates by up to 5 basis points (bps) on certain tenures. HDFC Bank MCLR interest rates will now...
Gold Outlook: Bounces as Bulls Regain Traction After Recent Fall
Gold regained traction and bounced on Thursday, following a sharp fall in past few days. Fresh strength signals that the situation is stabilizing after a turbulent period and broader bulls are about to re-take control. The yellow metal benefited from growing signals...
