News
Banking & Finance
Budget
Business
Blockchain
Cryptocurrency
Economy
Forex
Industry
Lifestyle
Small Business
Stocks
Technology
Taxes
Politics
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...
George Danezis Discusses Development of Mysticeti for Sui Blockchain
Caroline Bishop Aug 08, 2024 16:31 Mysten Labs' Chief Scientist, George Danezis, explains the development and impact of the Mysticeti consensus engine on the Sui blockchain. Mysten Labs' Chief Scientist, George...
CFTC secures $12.7bn judgment against FTX and Alameda
The Commodity Futures Trading Commission (CFTC) today announced the U.S. District Court for the Southern District of New York entered a consent order of permanent injunction and other equitable relief against FTX Trading Ltd. and Alameda Research LLC and ordered FTX...
To hike or not to hike? RBI watchers on guard for shift, ET BFSI
India central bank watchers have plenty of reasons to tune into Governor Shaktikanta Das’s policy decision on Thursday even though most expect he’ll keep interest rates unchanged again.Global markets have been roiled in recent weeks by central bank action, with the...
Cryptocurrencies resume their rebound, bitcoin retakes $59,000
Omer Taha Cetin | Anadolu | Getty ImagesCryptocurrencies resumed their rebound from their big sell-off earlier in the week, with bitcoin retaking $59,000.The price of the flagship cryptocurrency was last higher by 8% at $59,385.40, according to Coin Metrics, rising...
AUD/USD Outlook: Initial Reversal Signal Developing on Daily Chart
AUDUSD regained strength and advanced on Thursday, offsetting negative impact from Wednesday’s strong upside rejection under the base of rising daily cloud. Several signals point to basing attempts and formation of reversal pattern on daily chart, such as Monday’s...
DBS Bank CEO Piyush Gupta to step down in Mar 2025; Tan Su Shan to take over, ET BFSI
Singapore: Piyush Gupta, the Indian origin Chief Executive of Singapore's largest bank DBS Group, will step down in March 2025. He will be succeeded by Tan Su Shan, who was appointed as deputy CEO, in addition to her current role as the group head of institutional...
Palantir jumps on Microsoft partnership to sell AI to U.S. defense
Alex Karp, chief executive officer of Palantir Technologies Inc., walks to the morning session at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Wednesday, July 10, 2024. David Paul Morris | Bloomberg | Getty ImagesPalantir shares...
Policy rate unchanged at 6.5%, inflation forecast at 4.5%, ET BFSI
The Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday announced the first Monetary Policy Committee (MPC) deliberation post the Union Budget 2024. MPC held its third bi-monthly policy meeting for the Financial Year 2025 from August 6 to August 8.The MPC...
RBI kept rates at 6.5%. The Canadian dollar is strengthening due to foreign currency inflows and rising oil prices :: InvestMacro
By JustMarketsAt Wednesday’s close, the Dow Jones Index (US30) was down 0.60%, while the S&P 500 Index (US500) decreased by 0.77%. The NASDAQ Technology Index (US100) closed negative 1.05%. Yesterday, chip stocks gave up early gains and retreated, which had a...
USD/CAD Consolidates at Support Ahead of Canadian Employment Data
USD/CAD found support ahead of Canadian employment data release. Positive US jobless claims data boosted sentiment and USD. Bank of Canada hopes for moderation in unemployment rate following 50 basis points of cuts. USD/CAD seems to have found support ahead of crucial...
Grayscale Reports Market Volatility Amid Late Summer Storms
James Ding Aug 08, 2024 15:23 Grayscale's latest market commentary highlights the impact of late summer storms on market volatility, as reported on August 8, 2024. Grayscale's most recent market commentary,...
Bitcoin extends gain to nearly 7% in an endorsement of the risk trade
Bitcoin dailyYesterday's bitcoin slump foreshadowed trouble in the broader risk trade and that catalyzed late in the day with a drop in US equities. Today it's the opposite.Bitcoin rallied early and has stayed strong with equities now catching up. Bitcoin is up $3570...
Rupee slips to record low as pressure from carry trade unwind lingers, ET BFSI
The Indian rupee weakened to yet another all-time on Wednesday, hurt by the continued unwinding of carry trades and on dollar demand from local importers.The rupee fell to its record low of 83.9725 to the dollar before closing at 83.9550, its weakest closing level...
Trump, Musk alliance could threaten Harris in 2024 election
NASHVILLE, Tenn. — Former President Donald Trump's highly anticipated keynote address at the biggest bitcoin gathering of the year late last month started over an hour late.As the crowd of investors, enthusiasts and the crypto-curious grew increasingly antsy in...
RBI reduces cheque clearing cycle, BFSI News, ET BFSI
From days to hours: RBI reduces cheque clearing cycleComing as a big move to fast track the payment process, the Reserve Bank of India (RBI) on Thursday said the clearing cycle of the cheque will be reduced from the present T+1 days to a few hours. While announcing...
Soft-Landing, or No Soft-Landing, That is the Question: Part I
Part I: A New Toolkit to Predict Soft-Landings, Stagflation and Recessions Summary In this first part of a series of reports, we introduce a new toolkit to predict the probability of soft-landing, stagflation and recessionary episodes. Bernanke (2024) reviewed the...
Exclusive: Doo Group Head of Institutional Clients Fraser Nelson departs
FNG Exclusive… FNG has learned that Fraser Nelson, Head of Institutional Clients for FX and CFDs broker Doo Group, has left his position with the company. Fraser Nelson joined Doo Group in its Cyprus office in 2022, and has since served as both Head of Institutional...
UPI transaction limit to Cheque clearance, ET BFSI
While announcing the 50th monetary policy announcement since its inception, the Reserve Bank of India governor Shaktikanta Das also announced certain key additional measures on Thursday. The key announcements were on UPI transaction limits being increased for tax...
GeForce NOW Hits Milestone with 2,000 Cloud Games
Rebeca Moen Aug 08, 2024 14:25 GeForce NOW celebrates over 2,000 games in its cloud gaming library, adding new titles and demos, including 'Visions of Mana'. GeForce NOW has reached a significant milestone,...
SoftBank books small quarterly profit, unveils $3.4 billion buyback, ET BFSI
Japanese technology investor SoftBank Group said on Wednesday it plans to buy back a hefty $3.4 billion of its shares, answering in part calls from Elliott Management and other shareholders to bolster its stock price.Masayoshi Son's tech behemoth has been under...
Nikkei 225: Potential Bullish Key Reversal Week Aafter 4 Weeks of Decline
Monday, 5 August significant sell-off in the Nikkei 225 has triggered a potential bullish key reversal inflection week. Citigroup Economic Surprise Index for Japan staged a positive turnaround on Monday, 5 August which suggests an improvement in macro data. The...
Figure Launches Advanced Humanoid Robot Leveraging NVIDIA AI for Autonomous Tasks
Ted Hisokawa Aug 08, 2024 13:53 Figure has unveiled its next-gen Figure 02 humanoid robot, utilizing NVIDIA Omniverse and GPUs for enhanced AI capabilities and autonomous operations. Silicon Valley-based Figure...
Catalan separatist Carles Puigdemont returns to Spain after seven years
BARCELONA, SPAIN - AUGUST 08: Former Catalan President Carles Puigdemont makes his first public appearance since he fled Spain in 2017, speaking at a public rally in Barcelona, Spain on August 08, 2024. Since leading the failed 2017 independence push for Catalonia to...
Best-performing financial assets so far in 2024 :: InvestMacro
By ForexTime US Dollar still reigns, though perhaps not much longerGBP: best-performing G10 currency vs. USD year-to-date (YTD)NETH25: FXTM’s best-performing stock index YTDCocoa: FXTM’s best-performing commodity YTDNvidia: best-performing stock on the S&P 500...
In a bid to curb scams, RBI announces ‘public repository’ of Digital Lending apps, ET BFSI
Amid the rising reports of concerns related to the Digital Lending, the Reserve Bank of India (RBI) on Thursday announced creating a public repository of Digital Lending Apps (DLAs). The move aims to aid the customers in verifying the claim of DLAs association with...
Aussie Jumps as RBA Says Rates Could Rise
The Australian dollar has had a busy week and is showing strong gains on Thursday. In the European session, AUD/USD is trading at 0.6550, up 0.50% at the time of writing. RBA’s Bullock says rate hikes still on table Two days after the Reserve Bank of Australia held...
FPIs invest $1.40 billion in Indian IT stocks in July, highest since 2022, ET BFSI
Foreign portfolio investors (FPIs) in July made significant investments in Indian IT stocks, purchasing a net worth of 117.63 billion rupees ($1.40 billion), according to data from the National Securities Depository (NSDL).This marks the highest investment since the...
Understanding Token Compensation: A Comprehensive Guide
Felix Pinkston Aug 08, 2024 13:14 Explore how tokens fit into compensation strategies, with insights on structuring grants, vesting schedules, and tax considerations. Token compensation has emerged as a key...
Under Armour (UAA) earnings Q1 2025
Under Armour on Thursday said quarterly sales fell 14% in North America, and adjusted its full-year profit guidance after settling a years-old securities lawsuit for $434 million.Still, the company beat Wall Street's expectations on the top and bottom lines.Here's how...
RBI say high food prices may lead to a shallower softening of CPI inflation, pegs it at 4.5% for FY25, ET BFSI
The Reserve Bank of India's (RBI) Monetary Policy Committee sees retail inflation below 5% for this current fiscal and remains steadfast in its target of bringing it below 4%.The MPC stays resolute in its commitment to aligning inflation to the 4 per cent target on a...
FCA interventions lead to 3,273 promotions being amended or withdrawn in Q2 2024
The UK Financial Conduct Authority (FCA) has published the latest data on financial promotions. The data was generated between 1 April 2024 and 30 June 2024 from FCA actions against firms breaching financial promotion rules. The interventions by the FCA in the second...
Trump, Harris deploy JD Vance and Tim Walz to wage class warfare
Democratic vice presidential candidate, Minnesota Governor Tim Walz, speaks during a campaign rally with U.S. Vice President and Democratic presidential candidate Kamala Harris, in Philadelphia, Pennsylvania, U.S., August 6, 2024. Kevin Lamarque | ReutersWith their...
Dollar Gains Slightly after Jobless Claims, Calm Forex Trading Continue
Forex trading continues to be subdued today, with Dollar gaining slightly in the early US session after better-than-expected jobless claims data. This data is particularly crucial as market participants are closely monitoring employment figures following the...
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...
India’s financial sector gaining strength from macroeconomic stability: RBI chief, ET BFSI
Mumbai, RBI Governor Shaktikanta Das said on Thursday that the Indian financial system remains resilient and is gaining strength from broader macroeconomic stability.He pointed out that the banking sector's well-capitalised and unclogged balance sheet is reflective of...
3 Disney films could top $1 billion at box office this year
Hugh Jackman, Robert Iger, and Ryan Reynolds at the Marvel Studios' "Deadpool & Wolverine" World Premiere held at David H. Koch Theater on July 22, 2024 in New York, New York. Kristina Bumphrey | Variety | Getty ImagesAfter years of starts and stops at the box...
US initial jobless claims fall to 233k, below exp 245k
US initial jobless claims fell -17k to 233k in the week ending August 3, lower than expectation of 245k. Four-week moving average of initial claims rose 2.5k to 241k. Continuing claims rose 6k to 1875k in the week ending July 27, highest since November 21, 2021....
eToro adds 12 new stocks from Copenhagen Stock Exchange
Online broker eToro has added 12 new stocks from the Copenhagen Stock Exchange to its platform. The latest additions bring the total number of assets available to trade on eToro’s platform to 6,500 available assets. The new stocks include: $NETC.CO (Netcompany Group...
TON and Telegram Partner with Gala Games to Revolutionize Web3 Onboarding
Peter Zhang Aug 08, 2024 02:55 TON and Telegram collaborate with Gala Games to simplify Web3 onboarding through innovative Telegram Mini Apps. The Open Network (TON) and Telegram have joined forces to create a...
Steady repo rate, indexation benefits booster dose for housing industry, ET BFSI
New Delhi, The Central Bank's decision to keep repo rates unchanged at 6.5 per cent for the ninth consecutive time aligns well with the government's indexation benefits, industry experts said on Thursday, adding that this will further help aspiring homebuyers.RBI...
Cheques to be cleared within few hours now, closing in on NEFT, RTGS speed of transfer, ET BFSI
The Reserve Bank of India has stated that cheque clearance will be expedited to within a few hours. Currently, the process takes approximately two to three days. This announcement was made by the governor of the Reserve Bank of India during the Monetary Policy...
Global financial services firm Charles Schwab picks Hyderabad for development center: Telangana CMO, ET BFSI
Hyderabad (Telangana) [India], August 8 (ANI): Charles Schwab, a global leader in financial services headquartered in Texas, has chosen Hyderabad as the prospective location for its first Technology Development Center in India."We are delighted to announce that...
Boeing’s new outsider CEO Kelly Ortberg takes the helm
Robert K. "Kelly" Ortberg is the Boeing's new president and chief executive officer, effective August 8, 2024. Ortberg will also serve on Boeing's Board of Directors.Courtesy: BoeingAerospace veteran Robert "Kelly" Ortberg becomes Boeing's new CEO on Thursday with a...
Dollar Index: Limited Recovery Likely to Precede Fresh Weakness as Rate Outlook Weighs
The dollar index ticked lower in European trading on Thursday, after bounce from 8-month low (101.94, posted on Monday) started to lose traction. Weak picture on daily chart (MA’s in bearish configuration / strong negative momentum) warn of limited recovery before...
Nuvei partners with Scanco Software
Canadian fintech company Nuvei Corporation (TSX:NVEI) today announced its partnership with Scanco Software, LLC to enhance Scanco’s new Invoice2Payment (i2PAY) solution. i2PAY complements Scanco’s existing warehouse management capabilities with payments features...
It is the growth, ET BFSI
After forecasting inflation at 4.4 percent for the first quarter of next fiscal, why did the Reserve Bank of India Governor, Shaktikanta Das, sound stern in his fight against inflation? The answer probably lies on the other side of the coin. Other than his commitment...
An Overview of Forge Standard Library
Smart contract development is one of the key requirements for the expansion of blockchain and web3. You might wonder about the need to learn Forge Standard Library for smart contract development. How will it help you in creating innovative, secure and powerful smart...
Japanese Yen (JPY) Price Action: Following Dovish BoJ Comments, What Does Price Action Tell Us?
The Bank of Japan (BoJ) released their summary of opinions, accompanied by bearish comments from BoJ policymakers. Geopolitical concerns could bolster the Yen, but the safe haven appeal might be divided among the US Dollar, Yen, and Swiss Franc. From a technical...
BNB Chain Integrates zk-Fault Proof for opBNB, Enhancing Performance
Iris Coleman Aug 08, 2024 05:07 BNB Chain introduces zk-fault proof for opBNB, aiming to enhance performance and reduce challenge periods. BNB Chain has announced the integration of zero-knowledge (zk) fault...
Eli Lilly (LLY) earnings Q2 2024
The Eli Lilly logo is shown on one of the company's offices in San Diego, California, on Sept. 17, 2020.Mike Blake | ReutersEli Lilly on Thursday reported second-quarter earnings and revenue that blew past expectations and hiked its full-year revenue outlook by $3...
Private banks struggle with declining CASA ratios as customers shift to fixed deposits, ET BFSI
Private banks are facing a significant decline in their current account-savings account (CASA) ratios as customers increasingly turn to fixed deposits (FDs) for higher interest rates. In the first quarter of the current financial year, private lenders experienced a...
Kinara Capital announces Parthasarathy N.S. as new Independent Director, ET BFSI
Parthasarathy N. S, known as the Co-founder of Mindtree which he took from its startup phase to crossing the $1 billion revenue, is appointed as a new Independent Director on Kinara Capital’s’s Board of Directors.He has over 35 years of experience in the field of...
Amazon’s investment in AI firm Anthropic faces UK merger investigation
Anadolu | Anadolu | Getty ImagesLONDON — E-commerce giant Amazon's multibillion-dollar investment in the U.S. artificial intelligence firm Anthropic is formally being investigated by a U.K. competition regulator.The Competition and Markets Authority said Thursday that...
Exclusive: Prop firm The Trading Pit sees departure of Head of Marketing Periklis Hanna
FNG Exclusive… FNG has learned that Periklis Hanna has left his position as Head of Marketing at Cyprus based prop trading firm The Trading Pit. The move comes several weeks after The Trading Pit’s Chief Marketing Officer (CMO), Themis Christou – who recruited Mr....
RBI sees FY25 GDP growth at 7.2% on resilient domestic economic activity, ET BFSI
The Reserve Bank of India has projected the country's real GDP growth at 7.2 per cent for fiscal 204-25 on buoyant domestic economy, consumption demand and healthy bank balance sheets."Real GDP growth for 2024-25 is projected at 7.2 per cent, with Q1 at 7.1 per cent;...
Filecoin (FIL) Unveils Major Updates and Strategic Collaborations in Latest News Release
Rongchai Wang Aug 08, 2024 05:49 Filecoin (FIL) announces new FVM explorer, successful nv23 waffle upgrade, and partnerships with SingularityNET and Bagel in its latest news update. Filecoin (FIL) has released a...
USD/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 144.69; (P) 146.30; (R1) 148.31; More… Intraday bias in USD/JPY remains neutral an further decline is expected with 150.88 resistance intact. On the downside, below 144.04 minor support will bring retest of 141.67 first. Break there will resume the...
ROO posts first profit, stock jumps
A delivery worker with a backpack of Deliveroo rides a bike in Nice, France, October 25, 2022.Eric Gaillard | ReutersBritish food delivery firm Deliveroo reported a small profit in the first half of the year, inching into the black for the first time ever after...
Restaurant Brands International (QSR) Q2 2024 earnings
A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom.John Keeble | Getty ImagesRestaurant Brands International on Thursday reported quarterly revenue that beat analysts'...
How to Have a Successful Exit with Maggie Lord » Succeed As Your Own Boss
In this episode, Maggie Lord shares her entrepreneurial journey and insights into exit strategies, focusing on planning and financial preparation for selling a business. She and Melinda discuss how to identify potential buyers and ensure a fair valuation. The episode...
Elon Musk’s X nears launch of payment service with new feature integration, ET BFSI
Social media platform X is reportedly advancing its efforts to introduce a comprehensive payment service. According to recent developments, the platform is working on adding a "Payments" button to its navigation bar, signifying its move towards becoming an "everything...
What are the 4 issues highlighted by RBI Guv for banks, NBFCs?, ET BFSI
RBI Governor Shaktikanta Das (File Photo)While announcing the key decision of the Monetary Policy Committee (MPC) on Thursday, Governor Shaktikanta Das said the the Indian financial system remains resilient and is gaining strength from broader macroeconomic stability....
Step-by-Step Guide to Funding Your Immutable (IMX) Passport
Luisa Crawford Aug 08, 2024 06:06 Learn how to fund your Immutable (IMX) Passport for purchasing in-game assets on Immutable X and zkEVM chains with this detailed guide. Immutable (IMX) has released a...
CFTC secures Court order against operator of Tradeanedge Members Fund
The Commodity Futures Trading Commission (CFTC) has secured a Court order that puts an end to its lawsuit against Harris Bruce Landgarten, operator of Tradeanedge Members Fund (TMF). On August 7, 2024, Judge Joan M. Azrack of the New York Eastern District Court signed...
Gold (XAU/USD) Recovers Amid Rate Cut Expectations
Gold (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 market dynamics and bolstering the...
MFIs seek easier credit rating rules as they gasp for bank loans, ET BFSI
The microfinance sector has clamoured for easy credit rating rules from banks for the micro lenders with less than Rs 500 crore portfolio so that these entities get adequate doses of bank loans to grow their businesses.The small and medium sized micro lenders are...
RBI urges vigilance on home equity, top-up loans amid rapid growth, ET BFSI
The Reserve Bank of India (RBI) today called on banks and non-banking financial companies (NBFCs) to closely monitor the end-use of funds for home equity loans and top-up loans on collateralised products such as gold loans."Home equity loans, or top-up housing loans...
USD/CHF Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8530; (P) 0.8596; (R1) 0.8683; More… Intraday bias in USD/CHF remains neutral and further decline is expected with 0.8711 resistance intact. On the downside, below 0.8500 will bring retest of 0.8431 first. Break there will resume the decline from...
Verifying facts in the age of AI – librarians offer 5 strategies :: InvestMacro
By Tracy Bicknell-Holmes, Boise State University; Elaine Watson, Boise State University, and Memo Cordova, Boise State University The phenomenal growth in artificial intelligence tools has made it easy to create a story quickly, complicating a reader’s ability to...
Finance Commission chairman Arvind Panagariya, ET BFSI
India needs to open its economy further, privatise banks and introduce factor market reforms to lift its growth beyond 6.5-7% levels, 16th Finance Commission chairman Arvind Panagariya said."The main reform we need is the privatisation of banks, " he said, adding that...
Binance Announces Listing of Toncoin (TON) with Seed Tag
James Ding Aug 08, 2024 06:25 Binance is set to list Toncoin (TON) with the Seed Tag, opening trading for several spot pairs on August 8, 2024. Binance, one of the world's leading cryptocurrency exchanges, has...
Online disinformation fueled UK riots but regulators can’t take action
Kirill Kudryavtsev | AFP | Getty ImagesLONDON — Ofcom, the U.K.'s media regulator, was chosen last year by the government as the regulator in charge of policing harmful and illegal content on the internet under strict new online safety regulations.But even as online...
Tone of the policy hawkish, pause to continue till Q4, says Economists, ET BFSI
The Reserve Bank of India on Thursday decided to retain the repo rate at 6.5 per cent, thereby maintaining a pause on its rate-hike cycle for the ninth consecutive time.The MPC further decided by a majority of 4 out of 6 members to remain focussed on "withdrawal of...
GBP/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.2669; (P) 1.2703; (R1) 1.2726; More… Intraday bias in GBP/USD stays on the downside despite some loss of momentum. Fall from 1.3043 should continue to 1.2612 support. Decisive break there should confirm that rise from 1.2298 has completed, and...
ICICI Bank leads in pre-sanctioned limits as monthly credit transactions on UPI hit Rs 10K crore, ET BFSI
The National Payments Corporation of India (NPCI) is seeing significant growth in the use of its Unified Payments Interface (UPI) credit feature, with monthly transactions now reaching approximately Rs 10,000 crore. This uptick is primarily driven by the integration...
Harris running mate Tim Walz owns no stocks, bonds, real estate
Minnesota Gov. Tim Walz, the running mate of Democratic presidential candidate Vice President Kamala Harris, speaks during a campaign rally in Eau Claire, Wisconsin, Aug. 7, 2024.Kamil Krzaczynski | AFP | Getty ImagesMinnesota Gov. Tim Walz, the Democratic running...
Standard Chartered invests in United Fintech
Following Danske Bank, Citi and BNP Paribas, UK based banking firm Standard Chartered has confirmed its investment in United Fintech, a London headquartered neutral Digital Transformation platform which acquires and forms partnerships with fintech companies in the...
Economists & Industry welcomed RBI’s decision of no rate cut amid concerns of inflation, ET BFSI
Mumbai (Maharashtra) [India], August 8 (ANI): Economists and Industry bodies have welcomed RBI's move to keep the policy repo rate unchanged they said that maintaining the repo rate provides stability and predictability in the financial markets.The RBI on Thursday...
EUR/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.0907; (P) 1.0922; (R1) 1.0938; More….. EUR/USD is extending the consolidation from 1.1007 and intraday bias remains neutral. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, break of...
India mulls major cut to food weighting in new CPI basket, ET BFSI
Representative imageAn Indian government panel tasked with revising the nation’s consumer price index is considering a substantial cut in the weighting of food, according to a person familiar with the matter, a move that could curb inflation spikes in the South Asian...
Injective (INJ) Launches ‘Altaris’ Upgrade Featuring Advanced RWA Oracle and Enhanced Burn Auction
Timothy Morano Aug 08, 2024 08:04 Injective (INJ)blockchain has successfully deployed the 'Altaris' upgrade, enhancing the ecosystem with advanced RWA Oracle, improved burn auction mechanics, and new developer tools. ...
Investors make Rs 9 lakh crore as bulls return to D-St. 5 factors behind 875 pt Sensex rally, ET BFSI
Benchmark equity indices Sensex and Nifty closed over 1% higher on Wednesday, led by banking, metal and IT stocks, as global markets eased concerns about a US recession.The BSE benchmark Sensex advanced 875 points or 1.11% to settle at 79,468. The broader NSE Nifty...
Harris, Walz antitrust policy would prioritize growth, competition
Vice President Kamala Harris would prioritize small business growth and large industry competition in shaping her own antitrust and regulatory policy if she wins the presidency in November, Maryland's Democratic Gov. Wes Moore said Wednesday."Making sure that we are...
From inflation forecast to increased UPI limit, here’s all you need to know, ET BFSI
The Reserve Bank of India's Governor Shaktikanta Das on Thursday announced the outcomes of its bi-monthly Monetary Policy Committee meeting.The repo rate, key lending rate, was kept unchanged at 6.5 per cent with focus on withdrawal of accommodation stance. Meanwhile,...
Why Progressive (PGR) Stands Out :: InvestMacro
By The Ino.com TeamIn July, U.S. consumer confidence unexpectedly ticked up, offering a glimmer of optimism despite ongoing concerns about inflation and rising borrowing costs. The Federal Reserve’s closely watched gauge revealed that inflation eased slightly in June,...
EUR/USD Outlook: Looks for Clearer Direction Signal
EUR/USD edged higher in Asia / early Europe on Thursday, hinting that pullback from Monday’s spike high (1.1009) might be over. Signals of formation of a higher base at 1.0900 zone add to positive near-term outlook, as technical studies on daily chart are...
Binance Futures to Introduce SOLUSD COIN-M Contracts with Up to 20x Leverage
Joerg Hiller Aug 08, 2024 07:28 Binance Futures will launch SOLUSD COIN-M Quarterly and Bi-Quarterly Contracts on August 14, 2024, offering up to 20x leverage. Binance Futures is set to launch SOLUSD COIN-M...
Kotak’s auto financing arm bets on SUVs and used car business, ET BFSI
Mumbai: Kotak Mahindra Prime, the auto financing arm of Kotak Mahindra Bank, is betting big on the SUV and used car segment to expand its ₹30,000-crore book. The financing company expects the festive season to bring about a revival in the auto segment, which is seeing...
RBI Guv raises concern over deposit growth, asks banks to use innovative products to mobilise funds, ET BFSI
Mumbai, Concerned over household savings moving towards alternative investment avenues, RBI Governor Shaktikanta Das on Thursday asked banks to mobilise deposits through innovative products and services by leveraging their vast branch network. "Banks are taking...
Lok Sabha passes Finance Bill, amends LTCG tax provision on immovable properties, ET BFSI
The Lok Sabha on Wednesday passed the Finance Bill 2024 after the central government relaxed the freshly-introduced new capital gains tax on real estate, allowing taxpayers an option to switch to a new lower tax rate or stay with the old regime that had higher rate...
FX option expiries for 8 August 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.The first ones are for EUR/USD, layered at the 1.0900 and 1.0955 levels. They aren't significant from a technical perspective but will likely play a role in holding price action in between the...
Apple could charge $20 for some Apple Intelligence features: analysts
Jaque Silva | SOPA Images | Lightrocket | Getty ImagesApple could charge its users up to $20 for its advanced artificial intelligence features, analysts told CNBC, as the company looks to boost the growth of its lucrative services business.The Cupertino giant plans to...
Jamie Dimon still sees a recession ahead
JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a "soft landing" for the U.S. economy are around 35% to 40%, making recession the most likely scenario in his mind.When CNBC's Leslie Picker asked Dimon if he had changed his view from...
Romanian seeking to influence U.S. policy hired Hunter Biden: Prosecutors
Hunter Biden, son of President Joe Biden, makes a statement to the press outside the U.S. Capitol about testifying publicly to the House Oversight and Accountability Committee on Wednesday, Dec. 13, 2023.Kevin Dietsch | Getty Images News | Getty ImagesProsecutors in...
Central Bank Signals Ignored; Consolidation Continues in Currency Markets
The financial markets are relatively quiet in Asian session today, with major currency pairs and crosses trading within yesterday’s range. BoC’s summary of deliberations suggested that the central bank is on track for further policy loosening. Meanwhile, BoJ’s summary...
Binance to List Toncoin (TON) with Seed Tag Applied
Darius Baruo Aug 08, 2024 06:55 Binance announces the listing of Toncoin (TON) with a Seed Tag, opening trading for several spot pairs on August 8, 2024. Binance, one of the world’s leading cryptocurrency...
Capital.com integrates Newsquawk real-time news feeds to empower retail traders
Leading Retail FX and CFDs broker Capital.com has announced a strategic partnership with leading market real-time news platform, Newsquawk. With this partnership, Capital.com clients will have access to instant, market-moving news typically reserved for institutional...
Mizuho plans to say no to Yes Bank deal; it’s SMBC vs Emirates NDB, ET BFSI
MUMBAI: Japanese financial giant Mizuho plans to exit the race for a significant stake in Yes Bank, leaving Sumitomo Mitsui Banking Corporation (SMBC) and Emirates NBD as the two serious contenders in the fray, said people with knowledge of the matter.India’s...
Inflation, grocery prices a top issue
Kroger, Walmart, and McDonald's.Beata Zawrzel | Nurphoto | Brandon Bell | Getty Images | Kamil Krzaczynski | ReutersExpensive Big Mac meals and fears of surge pricing at grocery stores have put food chains and consumer product companies in politicians'...
Gala Games Launches Season 6 of Eternal Paradox with Exciting New Features
Zach Anderson Aug 06, 2024 19:57 Gala Games unveils Season 6 of Eternal Paradox, introducing new strategies and team dynamics. Players are encouraged to form guilds and optimize their resources. A new chapter...
Arizona grand jury was interested in indicting Trump: Attorney general
Republican presidential candidate former President Donald Trump participates in a question-and-answer session at the National Association of Black Journalists convention in Chicago, July 31, 2024.Scott Olson | Getty ImagesAn Arizona grand jury that indicted 18 allies...
Govt wants sponsor banks to help RRBs upgrade technology, BFSI News, ET BFSI
The government has asked state-run banks to assist their regional rural arms in upgrading their technology and onboarding them to the National Payment Corporation of India's (NPCI) BASE platform that facilitates the direct benefit transfer (DBT) program.Last week,...
‘Wardrobing’ retail fraud soars in the summer
A particular type of retail fraud soars during the summer season."Wardrobing," in which a shopper buys an expensive item, wears it with the tags on, and then returns the product for a refund, picks up as shoppers bolster their closets for summer vacations, according...
USD/JPY Analysis: Rate Stabilizes After Tsunami
Less than a month ago, the rate was above 161 yen per US dollar. This week, it dropped below 142.5 yen (approximately -12%). The strengthening of the Japanese yen was driven by actions from the Bank of Japan and financial authorities: → Intervention to support the yen...
Fernanda Orduña Rangel Discusses Decaf’s Decentralized Financial Solutions
Luisa Crawford Aug 06, 2024 20:17 Fernanda Orduña Rangel, co-founder of Decaf, shares insights on how the wallet app is transforming financial access in Latin America and Africa. Fernanda Orduña Rangel,...
Govt appoints Rohit Das as RBI nominee director on board of Canara Bank, ET BFSI
New Delhi, State-owned Canara Bank on Tuesday said the government has nominated Rohit Das as RBI nominee director on its board. The central government vide notification dated August 5, 2024, has nominated Rohit Das as RBI Nominee Director in place of R Kesavan on the...
More Money Challenge: Get Motivated by Ashley’s Journey
To know Ashley L. is to love her. On the @OrganizedWallet, she effortlessly combines her passion for growth with an incredibly aesthetic lifestyle that feels refreshingly within reach. Her pristine home, stylish wardrobe, meticulously organized YNAB categories, and...
BoJ Comments Ease USDJPY Oversold But Unlikely to Be a Game-Changer
USDJPY jumped more than 2% after comments from the Bank of Japan’s deputy governor reduced the chances of further policy tightening soon. Uchida said that the central bank will not raise interest rates when markets are unstable. These words brought buyers back into...
Disney’s media assets are generating more excitement than parks
A scene from Disney and Pixar's film "Inside Out 2."Courtesy: 2024 Disney | PixarHere's a surprise: Disney's media business isn't weighing down the company anymore.The primary Disney investor narrative since 2022 has been how streaming losses, combined with a...
This Trend Will Likely Soon Rock the U.S. Financial System :: InvestMacro
Why monetary inflation has been shrinking By Elliott Wave InternationalNearly everyone who buys groceries, fills their car tank with gas, pays rent, buys car insurance and so on is talking about the high cost of living. And it’s true that consumer price inflation is...
IDFC First Bank leases 4 entire floors of office space in Mumbai’s Goregaon, ET BFSI
IDFC First Bank has picked up an office spread over four entire floors of a commercial complex in Mumbai’s western suburb Goregaon through a long-term lease of over five years.The rentals for nearly 1.65 lakh sq ft office space in commercial tower Oberoi Commerz III,...
GBP/USD Outlook: Recovery Above Daily Cloud Likely to Be Limited
Cable started to gain traction and edged higher on Wednesday morning, after the latest drop penetrated rising daily cloud (cloud top at 1.2702) but found firm ground at 1.2682 (100DMA) where dips were repeatedly rejected. Subsequent rise may generate initial bullish...
NVIDIA BlueField DPUs Enhance VAST Data Platform for AI Workload Optimization
Jessie A Ellis Aug 06, 2024 20:32 VAST Data integrates NVIDIA BlueField DPUs to optimize AI workloads, boost performance, and enhance data security. As the demand for sophisticated AI capabilities escalates,...
Summer Fun, Food, and Shopping at Peddler’s Village
Heading to the shore is the default summer trip, but this year the thought of crowded boardwalks, beach traffic, and shielding a bucket of French fries from dive-bombing seagulls had me less than enthusiastic. Instead, I headed to Peddlers Village in the rolling...
AI-Driven Shark Detection Enhances Beach Safety in California
James Ding Aug 06, 2024 21:04 AI technology SharkEye is improving beach safety by detecting sharks in real-time using drones and machine learning, according to NVIDIA. California beaches are becoming safer with...
NZ Dollar Surges on Strong Employment Data
The New Zealand dollar has soared today. In the European session, NZD/USD is trading at 0.6018, up an impressive 1.1% at the time of writing. New Zealand job growth surprises on the upside New Zealand’s labour market has been cooling off due to elevated interest rates...
SEC brings fraud charges against Taylor Woods and Howard Wu
The Securities and Exchange Commission (SEC) has taken action against Taylor Woods and Howard Wu. The relevant complaint was filed on August 6, 2024, at the California Central District Court. This case concerns two securities fraud schemes perpetrated by Defendants...
Banks write off loans worth Rs 9.90 lakh cr in last 5 financial years, ET BFSI
New Delhi, Banks have written off loans worth Rs 9.90 lakh crore in the last five financial years, Parliament was informed on Tuesday. During 2023-24, banks loan write off was at Rs 1.70 lakh crore, as against Rs 2.08 lakh crore in the previous fiscal, Minister of...
IOTA Token Achieves Shari’a Compliance, Certified by Cambridge Institute
Timothy Morano Aug 06, 2024 21:42 IOTA Token has been certified as Shari’a-compliant by the Cambridge Institute of Islamic Finance, enhancing trust and growth in the Middle East. The IOTA Token has been...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 143.21; (P) 144.79; (R1) 145.95; More… USD/JPY is staying below 150.88 resistance despite current rebound. Intraday bias remains neutral and further decline is expected. On the downside, below 144.04 minor support will bring retest of 141.67 first....
Panic selling of indices is over. New Zealand’s rising unemployment brings the RBNZ easing cycle closer :: InvestMacro
By JustMarketsAt Tuesday’s close, the Dow Jones (US30) Index was up 0.76%, while the S&P 500 (US500) Index was up 1.04%. The NASDAQ Technology Index (US100) closed positive 1.03%. US stocks recovered strongly on Tuesday, rebounding after a three-day sell-off. Dip...
Restrictions on reward points, transactions that won’t earn points, ET BFSI
HDFC Bank has modified the loyalty program for specific credit cards. The updated regulations will take effect on September 1, 2024. A notification regarding these changes was sent to the relevant customers via email by the bank.New HDFC Bank credit card rules from...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8485; (P) 0.8529; (R1) 0.8556; More… USD/CHF’s recovery from 0.8431 extends higher today but upside is still limited well below 0.8711 resistance. Intraday bias remains neutral and further decline remains in favor. On the downside, below 0.8500...
Injective (INJ) Community Update Highlights July Milestones
Tony Kim Aug 06, 2024 22:07 Injective's July Community Update details significant milestones, including the success of the Injective (INJ)Builder House during EthCC. Injective (INJ) has released its July Monthly...
CFI introduces Pre and Post-Market trading for US-listed shares
Leading online broker CFI has announced the launch of pre and post-market trading on physical US-listed shares through its CFI Multi-Asset platform. This new feature allows traders to capture opportunities outside standard trading hours, exemplifying CFI’s commitment...
Govt approves appointment of CS Setty as SBI chairman; Rana Ashutosh Kumar Singh to takeover as MD, ET BFSI
Challa Sreenivasulu Setty was appointed as the chairman of the State Bank of India on Tuesday. His tenure will be due to start for three years on or after August 28. The Appointments Committee of the Cabinet approved the decision. The government also appointed Rana...
Preview of RBNZ: Nearing the Finish Line – But Not Quite There Yet
We expect the RBNZ will leave the OCR at 5.5% at the August Monetary Policy Statement. We expect a significant revision in the forward view for the OCR consistent with potential easing in October and November, leaving the year end OCR at 5%. We also expect significant...
Remember Inflation? July CPI Preview
Summary The July CPI report is likely to further the case that inflation is quieting down even if it has not yet returned all the way back to the Fed’s target. We look for headline CPI to have advanced 0.2% in July, which would keep the year-over-year rate steady at...
Anticipating a Correction :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil’s price increased to 76.88 USD per barrel on Wednesday, continuing to rise for the second consecutive session. This rebound helps mitigate previous losses, which were part of a broader market risk aversion...
No need to maintain minimum balance in Jan Dhan, basic savings accounts: FM, ET BFSI
New Delhi, Finance Minister Nirmala Sitharaman on Tuesday said there is no need to maintain minimum balance in Jan Dhan as well as basic savings accounts, and banks impose penalties only in cases where customers fail to maintain a requisite amount in their accounts....
Binance Introduces ‘Word of the Day’ Game with Focus on Account Security
Luisa Crawford Aug 06, 2024 22:24 Binance launches 'Word of the Day' game, allowing users to earn Binance Points by testing their knowledge on account security. Binance has launched a new 'Word of the Day'...
Hamas’ new political leader Yahya Sinwar is seen as more extreme
Yahya Sinwar (C), Palestinian leader of Hamas in Gaza Strip, greets people during an event marking the 35th anniversary of the establishment of Hamas in Gaza City, Gaza on December 14, 2022. Ali Jadallah | Anadolu | Getty ImagesHamas on Tuesday appointed Yahya Sinwar...
Some selling pressure creeps into bitcoin
It's an emotion-driven market right now and bitcoin has been a good forerunner of market sentiment so I'm keeping a close eye on it.In the past 30 minutes or so, bitcoin is down $1000.bitcoin 10 minsEthereum is also down 3% and has given up all of yesterday's gains...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2642; (P) 1.2723; (R1) 1.2772; More… Intraday bias in GBP/USD stays on the downside and 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 support next. For...
Shopify (SHOP) earnings Q2 2024
The Shopify logo is pictured outside the The Well building on Spadina Ave. in Toronto.Lance Mcmillan | Toronto Star | Getty ImagesShares of Shopify popped as much as 22% in early trading on Wednesday after the Canadian e-commerce company topped expectations for the...
TradingView introduces tick charts (beta)
TradingView is introducing one of the most historically requested features: tick charts (in beta). Tick charts allow you to build bars based on a defined number of transactions rather than fixed time intervals. Each bar on such a chart represents a set number of...
Banks likely to boost AT-1 bond issues after SEBI’s valuation change, ET BFSI
The Securities and Exchange Board of India (SEBI) announced a significant change, stating that the valuation of additional tier-1 (AT-1) bonds by mutual funds will now be based on yield to call. This move, aligning with a long-standing market request, is expected to...
Canaan Inc. (CAN) to Release Q2 2024 Financial Results on August 15
Lawrence Jengar Aug 07, 2024 03:02 Canaan Inc. (NASDAQ: CAN) will report its Q2 2024 financial results on August 15, 2024, before the U.S. market opens, according to PRNewswire. Canaan Inc. (NASDAQ: CAN), a...
Brent Oil Price Analysis: Anticipating a Correction
Brent crude oil’s price increased to 76.88 USD per barrel on Wednesday, continuing to rise for the second consecutive session. This rebound helps mitigate previous losses, which were part of a broader market risk aversion phase. Current market dynamics Investor...
Conflux (CFX) v2.4.0 Network Hardfork Upgrade Successfully Completed
Jessie A Ellis Aug 07, 2024 03:23 Conflux (CFX) v2.4.0 network hardfork upgrade, featuring CIP-1559 activation, has been successfully completed. CIP-136 will be enabled by Aug 13. The Conflux v2.4.0 network...
Cboe plans to launch options on Cboe Volatility Index (VIX) futures
Cboe Global Markets, Inc today announced plans to launch options on Cboe Volatility Index (VIX) futures. The new options on VIX futures (VX) are expected to begin trading on Cboe Futures Exchange, LLC (CFE) on October 14, subject to regulatory review. Cboe currently...
Why banks are offering higher deposit rates despite no fund crunch, ET BFSI
Several large banks have increased their medium-term deposit rates by 15-20 basis points over the last few weeks at a time when system liquidity remains sufficient, and the government expected to release funds after a temporary hold-up due to general elections.The...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0903; (P) 1.0933; (R1) 1.0962; More….. Intraday bias in EUR/USD stays neutral and more consolidations would be seen below 1.1007. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside,...
Madison Reed bets on women’s sports with UConn basketball partnership
Paige Bueckers has kicked off her partnership with Madison Reed by going from blond to "sparkling rose."Courtesy: Madison ReedThe latest women's college sports deal comes with a splash — of color.The University of Connecticut has struck a deal with beauty brand...
Pershing fined for failing to report millions of fractional share trades to FINRA/Nasdaq Trade Reporting Facility
Pershing LLC has agreed to pay a fine of $175,000 fine as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From June 1997 through June 2023, Pershing failed to report millions of fractional share trades executed in a principal capacity...
Rupee hits record low for third day amid US growth concerns and equity outflows, ET BFSI
The rupee closed at a record low for the third consecutive day due to outflows in Indian equities and risk aversion due to signs of a growth slowdown in the USThe rupee closed at 83.96 versus the US dollar on Tuesday, a new record low, against the previous close of...
BoC Deliberations Awaited as Kiwi Gains, Yen Falls
News flow has been slow today, with only second-tier economic data coming out of Europe and no major releases from the US. Some attention is turning towards Canada, where BoC is set to release its summary of deliberations from the July 24 meeting, which resulted in...
Binance Offers $100,000 USDC Rewards and Loss Protection for Spot Trading Participants
Peter Zhang Aug 07, 2024 03:55 Binance announces a promotion for new and existing users, offering $100,000 USDC in rewards and loss protection for Spot trading activities. Binance, one of the leading...
Google’s antitrust ruling bears resemblance to Microsoft monopoly case
Google CEO Sundar Pichai testifies before the House Judiciary Committee at the Rayburn House Office Building on December 11, 2018 in Washington, DC.Alex Wong | Getty ImagesIn ruling Monday that Google has held a monopoly in internet search, U.S. judge Amit Mehta...
NZDUSD Jumps Aggressively Higher – Action Forex
NZDUSD records a sizeable green candle today Strong reaction following the recent acute correction Momentum indicators are mixed, bearish pressure weakening NZDUSD is edging aggressively higher today, cancelling out a good part of the recent correction that led to a...
TP ICAP to commence third share buyback programme of £30M
Following the imminent completion of its second buyback programme of £30 million, TP ICAP Group plc (LON:TCAP) announces that it will commence a third share buyback programme, starting once the Second Buyback completes, of TP ICAP’s ordinary shares of 25p each for a...
How Used Car Finance Apps Are Changing the Car Buying Landscape, ET BFSI
Buying a used car can feel like navigating a maze. The excitement of finding the right vehicle often gets bogged down by the complexities of securing financing. The challenge is not only to find the right car, but also the right financier. No matter the price of the...
Elon Musk ‘accountable to no one,’ UK tech minister says
Harun Ozalp | Anadolu Agency | Getty ImagesElon Musk is "the one person who is accountable to no one" and his impact on public discourse should not be underestimated, the U.K.'s technology minister said in an interview with the Times newspaper, adding to recent...
China Forestry Executives Found Guilty of Market Misconduct
Rebeca Moen Aug 07, 2024 08:48 The Market Misconduct Tribunal finds China Forestry's former chairman and CEO guilty of false disclosures and insider trading. The Market Misconduct Tribunal has found the former...
AUD/USD: Hawkish RBA and Dovish BoJ Underpin Recovery
AUDUSD recovery from Monday’s spike low (0.6348, the lowest since early Nov 2023) picks up on Wednesday. Hawkish RBA on Tuesday, with policy diverging from other major central banks, fading fears about US recession and the latest dovish shift from BOJ, were the key...
FCA on crypto marketing: If firms do not improve we will act
UK financial regulator The FCA has announced that it recently reviewed several crypto firms’ compliance with certain financial promotion rules, designed to help people better understand the risks of investing in crypto. The crypto marketing rules regime, introduced by...
PSU banks report over threefold increase in compensation for fraud cases to Rs 140 crore, ET BFSI
Public sector banks have posted a significant rise in compensation payouts for frauds and electronic frauds, with the total amount jumping over three-fold to Rs 140 crore during the fiscal year 2023-24, according to information provided to Parliament on Tuesday....
Market Analysis: GBP/USD Dives While EUR/GBP Gains Strength
GBP/USD started a fresh decline from the 1.2860 resistance zone. EUR/GBP is rising and might climb above the 0.8620 resistance. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is showing bearish signs below the 1.2800 support. There is a...
CVS Health (CVS) earnings Q2 2024
The CVS pharmacy logo is displayed on a sign above a CVS Health Corp. store in Las Vegas, Nevada on Feb. 7, 2024.Patrick T. Fallon | AFP | Getty ImagesCVS Health on Wednesday reported second-quarter earnings that topped expectations, but slashed its full-year profit...
Britain’s top lenders could be dismantled smoothly in a crisis, says Bank of England, ET BFSI
LONDON: Britain's top eight banks including HSBC, Barclays, Lloyds and Natwest could be wound down in a crisis without the immediate need for taxpayer cash, the Bank of England said on Tuesday following its second 'resolvability' check of the lenders.Being able to...
Crypto’s Covid Crash Still 5X Worse Than 2024 Sell-Offs
Terrill Dicki Aug 07, 2024 09:45 CoinGecko reports that the Covid-19 crash remains the worst global crypto market correction, significantly more severe than 2024's sell-offs. The Covid-19 induced crash on March...
Ethereum (ETH) ETF Launch: Market Reactions and Initial Performance
Ted Hisokawa Aug 07, 2024 10:21 The launch of Ethereum ETFs marks a significant milestone, making Ether accessible through familiar investment tools. Major financial institutions have shown interest. The...
1Market operator Exelcius Prime hit with €740K fine by CySEC
Cyprus financial regulator CySEC has just issued one of the largest fines ever handed out to a Retail FX and CFDs broker, announcing a €740,000 fine to CIF holder Exelcius Prime Ltd. Exelcius Prime had its CySEC license suspended back in 2022. The company previously...
Elon Musk’s Trump support pushes a corporate customer away from Tesla
Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul | Pool | Via ReutersEuropean drugstore giant Rossmann announced Tuesday it will no longer buy Tesla's electric...
D-Street investors’ wealth erodes by Rs 22 lakh crore in three days of market crash, ET BFSI
New Delhi, Investors' wealth eroded by a whopping Rs 22 lakh crore in three days of market slump with the BSE benchmark Sensex tanking 4 per cent. In three days, the Sensex tumbled 3,274.48 points or 3.99 per cent. The massive correction came after the benchmark index...
USD/CHF: Can The Dollar Rebound from Its Plunge?
Key Highlights USD/CHF declined heavily below the 0.8700 support and tested 0.8430. A major bearish trend line is forming with resistance at 0.8600 on the 4-hour chart. Bitcoin started a recovery wave from the $48,500 zone. Gold corrected gains and might revisit the...
Inflation target evades RBI’s rate panel as rejig looms, ET BFSI
The Indian central bank's (Reserve Bank of India) rate setting panel faces another food-driven spike in inflation as it meets a final time ahead of the exit of the committee's external members in the first of several scheduled key policymaker changes over coming...
Bangladesh protesters expect interim government to be finalized on Wednesday
National flag of Bangladesh flying from a flagpole.Richard Sharrocks | Moment | Getty ImagesBangladesh's protest leaders said they expect members of an interim government, led by Nobel laureate Muhammad Yunus, to be finalized on Wednesday after Prime Minister Sheikh...
Sony rules out renewing Paramount offer, says it wouldn’t fit strategy
The Paramount Studios in Los Angeles, California, US on Monday, April 29, 2024. Eric Thayer | Bloomberg | Getty ImagesSony's finance chief on Wednesday said the Japanese technology and media giant will not reconsider a fresh bid for film and TV production group...
Bitcoin: From Shock to the Death Cross
Market picture Crypto market capitalisation is back above $2 trillion, up 1.3% over 24 hours. On Wednesday, the Crypto Fear and Greed Index retreated from extreme fear territory at 17 (the lowest in over two years) to 29. The sharp declines in Bitcoin and Ethereum,...
Equals updates on strategic review
Equals Group plc (LON:EQLS) today issued an update on the review of its strategic options. On 10 July 2024 the Board of Equals announced that it had received an improved indicative non-binding proposal from the consortium comprising Embedded Finance Limited (“Railsr”)...
IIFL Finance Q1 profit falls 28 pc to Rs 338 cr, BFSI News, ET BFSI
New Delhi, IIFL Finance on Tuesday posted 28 per cent decline in consolidated profit at Rs 338 crore for June quarter FY25 as RBI imposed ban on its gold loan business. The NBFC had earned a profit of Rs 473 crore in the same quarter a year ago. The Reserve Bank of...
Will RBI cut rates on August 8 amid growing US recession fears?, ET BFSI
The Reserve Bank of India (RBI) is expected to keep the key interest rate unchanged at 6.5% during its upcoming Monetary Policy Committee (MPC) meeting scheduled for August 6 to 8, with the decision to be announced on August 8. This anticipated move aligns with expert...
Metaverse Investments Guide: Navigating Opportunities and Risks
The exponential evolution of technology is one of the foremost reasons for pushing for new perspectives in digital transformation. Among the different technological advancements that have caught the attention of people worldwide, the metaverse has emerged as a...
Drugmakers on new negotiated prices with Medicare
President Joe Biden speaks during an event at the National Institutes of Health in Bethesda, Maryland, Dec. 14, 2023.Chris Kleponis | Bloomberg | Getty ImagesThink a friend or colleague should be getting this newsletter? Share this link with them to sign up.Good...
HKMA Issues Warning on Phishing Threats Tied to Octopus Cards Limited
Luisa Crawford Aug 07, 2024 09:16 HKMA alerts public about phishing messages and fraudulent websites linked to Octopus Cards Limited. Urges immediate action if personal information was shared. The Hong Kong...
Airbnb shares fall 14% on earnings miss, fear of slowing U.S. demand
Airbnb CEO and co-founder Brian Chesky speaks at The Fast Company Innovation Festival on September 21, 2022, in New York.Eugene Gologursky | Getty Images Entertainment | Getty ImagesAirbnb shares dropped 14% in after-hours trading after the company reported...
Trump possible target of Pakistani national charged in murder-for-hire plot
Zoom In IconArrows pointing outwardsFederal prosecutors have charged Asif Merchant, a Pakistani national with alleged ties to Iran, in a murder for hire plot of a U.S. politician or government officials.Courtesy: Department of JusticeA Pakistani national with ties to...
Oil Prices Near Recent Lows: Demand Concerns Keep Bulls at Bay
Oil prices remain subdued due to recession fears and demand concerns. US stockpiles unexpectedly increased, adding to the bearish sentiment, EIA data out later today. Geopolitical tensions in the Middle East and China’s economic outlook are also contributing factors....
RBI acts to make the rupee lose its mojo, but gain export competitiveness, ET BFSI
The rupee's recent underperformance against the US dollar, boosting India's export competitiveness, could well be the intended outcome of calibrated central bank action to correct what it perceived as the local unit's overvaluation after the real effective exchange...
Super Micro announces 10-for-1 stock split, shares plunge 13% on earnings miss
Sopa Images | Lightrocket | Getty ImagesShares of server company Super Micro Computer plunged 13% on Tuesday after the company announced fiscal fourth-quarter earnings that missed analyst expectations. The company also announced a 10-for-1 stock split, set to begin...
H2O to pay €250M to investors following FCA investigation
Asset manager H2O AM LLP will pay €250 million to investors unable to access their funds since 2020, following an investigation by the UK Financial Conduct Authority (FCA). Between April 2015 and November 2019, H2O failed to carry out proper due diligence on...
Boeing, Spirit AeroSystems in spotlight at NTSB hearing on 737 Max panel blowout
Jennifer Homendy, Chair of the National Transportation Safety Board, speaks during investigative hearing, into the blowout of a left mid exit door plug on a Boeing 737-9 MAX during Alaska Airlines Flight 1282 flight on January 5, 2024, at the National Transportation...
RBI expected to hold repo rate steady in upcoming MPC meeting: Care Edge, ET BFSI
New Delhi [India], August 7 (ANI): Amid the speculations on the policy stance of the upcoming Monetary Policy Committee (MPC), credit rating agency, Care Edge has anticipated a stable repo rate."The stance is anticipated to remain at 'withdrawal of accommodation,'...
EUR/CHF Outlook: Bounces from Multi-Year Low on Fresh Risk Appetite/SNB Intervention Talks
EURCHF edged higher in early trading on Wednesday on s=initial signals that risk appetite is gaining traction. The pair from new multi-year low after being hit by surge in risk aversion in past few days, sparked by worsening economic and geopolitical conditions, which...
Reddit RDDT Q2 2024 earnings report
Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange on March 21, 2024.Timothy A. Clary | AFP | Getty ImagesReddit reported second-quarter results on Tuesday that topped analysts' estimates.Here's how the company did...
Getting Started with BTTC: Writing Your First Smart Contract
Alvin Lang Aug 07, 2024 08:29 Explore how to write your first BitTorrent Chain (BTTC) smart contract and understand key concepts like state variables and public functions. BitTorrent Inc. has introduced a...
RBI starts deliberations on monetary policy amid expectations of status quo on interest rate, ET BFSI
Reserve Bank's rate-setting panel started its three-day deliberations for the next set of bi-monthly monetary policy amid expectations of no change in benchmark interest rate in view of concerns on inflation and economic growth remaining steady. The decision of the...
Trump silent on ‘Kamala Crash’ attacks as stocks rebound
After using the market's global sell-off as an opportunity to attack Vice President Kamala Harris, former President Donald Trump and his Republican allies were noticeably quieter Tuesday, as stocks gained back some of their losses.The S&P 500 closed just over 1%...
Rivian (RIVN) Q2 earnings report 2024
Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | ReutersRivian Automotive beat Wall Street's top- and bottom-line expectations for the second quarter as...
Saxo Bank Japan suspends fixed spreads on EUR/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 announced the temporary suspension of fixed spreads on EUR/JPY. Saxo explains that various...
Gold prices rebound as consumers rush to buy amid geopolitical tensions, ET BFSI
Consumers are rushing to buy gold, some even placing advance orders, on fears that prices may start rallying again after a recent decline, said jewellers and trade executives. Prices of the yellow metal fell after a customs duty cut in the budget but have since...
USDJPY Begins a Healing Process
USDJPY gears up after 7-month low Recent sharp sell-off looks overdone Bulls hope for a close above 146.58 to continue higher USDJPY showed signs of life on Wednesday, forcefully bouncing above the 144.57 bar that had limited Tuesday’s gains following the flash spike...
Profit jumps 10% on gaming growth
Beyoncé performs onstage during the Renaissance World Tour.Kevin Mazur | Wireimage | Getty ImagesSony on Wednesday reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations after seeing strong growth in its gaming, music and...
RBI rate action unlikely, no sense to deviate from global winds: Emkay Research, ET BFSI
The fluidity of global narratives and policy repricing, in conjunction with surplus banking liquidity, noisy food inflation back home, and a still-elusive 4% inflation target, make it tricky for the RBI to find a balance in its policy biases, said Emkay Global ahead...
FX option expiries for 7 August 10am New York cut
There is one to take note of on the day, as highlighted in bold.However, there is a major caveat attached to it. That considering it is one for USD/JPY and price action there is extremely volatile as we're witnessing a ~350 pips range already so far today. As such,...
SoftBank earnings report Q1 FY 2024
Workers on the stage as they prepare for a SoftBank Group Corp. news conference in Tokyo, Japan, on Thursday, June 27, 2024. Toru Hanai | Bloomberg | Getty ImagesSoftBank Group booked a 1.9 billion yen ($12.9 million) investment gain on its Vision Fund tech investment...
Disney (DIS) Q3 earnings report 2024
The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023.Joe Burbank | Tribune News Service | Getty ImagesDisney reports earnings before...
Kamala Harris and Tim Walz rally in Philadelphia
U.S. Vice President and Democratic presidential candidate Kamala Harris holds a campaign rally with her newly chosen vice presidential running mate Minnesota Governor Tim Walz in Philadelphia, Pennsylvania, U.S., August 6, 2024. Elizabeth Frantz | ReutersVice...
NZD Rallies on Strong Q2 Employment Data; JPY Sinks Amid BoJ Caution
New Zealand Dollar surged strongly today following much better than expected Q2 employment data.. Speculations of an early rate cut by RBNZ next week now seem exaggerated. Major banks still expect RBNZ to start easing monetary policy this year, with consensus pointing...
Binance Launches New Limited-Time Offers for Earn Wednesday
Caroline Bishop Aug 07, 2024 04:12 Binance introduces new offers for Earn Wednesday, featuring rewards across Simple Earn, ETH Staking, Dual Investment, and more. Binance, the world-renowned cryptocurrency...
Exness granted South Africa FSCA ODP license
Leading multi-asset retail broker Exness has announced that South Africa financial regulator The Financial Sector Conduct Authority (FSCA) has granted the company an ‘Over-the-Counter Derivative Provider’ (ODP) license in South Africa, broadening its license...
6 Dental Marketing Ideas That Will Help Your Practice Flourish
Marketing is essential for a dental practice to thrive. It doesn’t just bring in new patients; dental marketing is also instrumental in solidifying relationships with existing clients. There are several approaches dentists can take to market their practice...
Immutable (IMX) Achieves Major Milestones in July 2024, Expands into Japan
Jessie A Ellis Aug 07, 2024 07:51 Immutable (IMX) records significant growth with 2M Passport signups, new gaming titles, and expansion into Japan in July 2024. Immutable (IMX) has achieved significant...
Net profit soars 77% YoY to Rs 46 crore, ET BFSI
Grihum Housing Finance, formerly Poonawala Housing Finance, reported a net profit after tax of Rs. 46 crore for the first quarter of this fiscal, up 77% on year. The housing finance company has assets under management of Rs. 8,700 crore, up 33% on year.“Our...
RBI’s redressal framework, where and how to lodge a complaint?, ET BFSI
The Reserve Bank of India (RBI) has established a comprehensive framework for redressal of complaints against entities regulated by it, including banks, non-banking finance companies (NBFCs), digital payment operators, and other financial institutions. There are...
Elon Musk to interview Donald Trump after Harris taps Walz
Elon Musk (L) and Donald Trump (R).David Swanson | Vincent Alban | ReutersRepublican presidential nominee Donald Trump said he will be interviewed on Monday night by Elon Musk, the billionaire who runs Tesla, SpaceX and social media site X.The former president's...
Arsenal names Athletic Brewing as official nonalcoholic beer partner
Athletic Brewing Company is the official nonalcoholic beer partner of Arsenal F.C.Courtesy: Athletic Brewing Co.Athletic Brewing Company has scored a partnership with Arsenal, becoming the English soccer team's first official nonalcoholic beer partner.Arsenal will...
George Danezis Discusses Mysticeti’s Impact on Sui’s Throughput and Latency
Lawrence Jengar Aug 06, 2024 19:25 Mysten Labs' Chief Scientist, George Danezis, elaborates on Sui's new consensus engine, Mysticeti, and its influence on throughput and latency. Mysten Labs' Chief Scientist,...
ICICI Bank to target self-employed, scale up its private banking to build deposit base, ET BFSI
Mumbai: India’s second largest lender ICICI Bank is gearing up to target the self-employed individuals, scale up its private banking and wealth management clientele and focus on family offices to build its deposit base. In an interaction with Macquarie Capital the...
USD/CHF Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8437; (P) 0.8520; (R1) 0.8606; More… USD/CHF recovered after dipping to 0.8431 and intraday bias is turned neutral first. Some consolidations would be seen but upside should be limited by 0.8711 resistance. Below 0.8431 will resume the fall from...
Over Rs 177 crore lost on account of ATM/credit card, internet banking frauds, ET BFSI
New Delhi: As much as Rs 177 crore was lost on account of credit, debit card and internet banking frauds in the 2023-24 fiscal, Parliament was informed on Monday. In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said the amount of...
High School Innovator Develops Robot Guide Dogs Using NVIDIA Jetson
Peter Zhang Aug 06, 2024 18:29 High school student Selin Alara Ornek creates robot guide dogs for the visually impaired using the NVIDIA Jetson platform, combining edge AI with robotics. High school student...
GBP/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.2719; (P) 1.2769; (R1) 1.2829; More… Intraday bias in GBP/USD stays neutral as range trading continues. Further decline is in favor with 1.2863 resistance intact. On the downside, below 1.2706 will target 1.2612 support first. Decisive break there...
Trump, Harris campaigns race to define Tim Walz
This combination of pictures shows Vice President Kamala Harris in Washington, DC on July 22, 2024, and Governor of Minnesota Tim Walz in Washington, DC, July 3, 2024. Jim Watson, Chris Kleponis | AFP | Getty ImagesThe Kamala Harris and Donald Trump presidential...
Public sector banks’ NPAs on Mudra loans fall to 3.4 pc in 2023-24: Sitharaman, ET BFSI
Public sector banks' non-performing assets associated with the Mudra loan category have declined to 3.4 per cent in the 2023-24 fiscal, Finance Minister Nirmala Sitharaman said on Monday. This marks an improvement from 4.77 per cent in 2020-21, 4.89 per cent in...
Broadridge registers rise in revenues in Q4 FY24
Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the fourth quarter and fiscal year 2024. Total revenues increased 6% to $1,944 million in the final quarter of fiscal year 2024 from $1,839 million in the prior year period. Recurring...
Charles Barkley commits to staying at Warner Bros. TNT Sports
NBA analyst Charles Barkley talking on set before the New York Knicks game against the Cleveland Cavaliers at the then-Quicken Loans Arena in Cleveland, Ohio, on Oct. 25, 2016.David Dow | National Basketball Association | Getty ImagesCharles Barkley is not retiring...
USD/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 141.68; (P) 144.17; (R1) 146.64; More… USD/JPY recovered after diving to 141.67 and intraday bias is turned neutral first. Some consolidations would be seen but upside should be limited by 150.88 resistance to bring another fall. Break of 141.67...
LangSmith Enhances LLM Apps with Dynamic Few-Shot Examples
Rongchai Wang Aug 06, 2024 17:35 LangSmith introduces dynamic few-shot example selectors, allowing for improved LLM app performance by dynamically selecting relevant examples based on user input. LangSmith has...
Microsoft fires back at Delta after outage, says airline declined help
Delta Airlines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington. Kent Nishimura | Getty ImagesMicrosoft fired back at Delta Air Lines on Tuesday after the carrier said it would seek damages from the software giant...
Harvard must face lawsuit over antisemitism on campus, US judge says
A general view of the Baker Library/Bloomberg Center on February 17, 2024, at Harvard Business School in Allston, MA. Erica Denhoff | Icon Sportswire | Icon Sportswire | Getty ImagesHarvard University failed to persuade a U.S. judge to dismiss a lawsuit in which...
Permitted and prohibited items, bank responsibilities, and locker operations, ET BFSI
Bank lockers provide a secure way to store valuable items, but there are specific guidelines on what can and cannot be kept inside them. The bank is responsible for losses due to its own negligence or fraudulent actions, with compensation up to one hundred times the...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2719; (P) 1.2769; (R1) 1.2829; More… GBP/USD’s fall from 1.3043 resumed by breaking 1.2706 temporary low and intraday bias is back on the downside for 1.2612 support. Decisive break there should confirm that rise from 1.2298 has completed, and...
CySEC outlines new rules on digital onboarding
The Cyprus Securities and Exchange Commission (CySEC) today published a Policy Statement on the enhancement of the non-face-to-face customer onboarding process with electronic methods to outline its new rules on digital onboarding. Obliged Entities within the meaning...
NVIDIA NIM Microservices Revolutionize AI Model Deployment
Caroline Bishop Aug 06, 2024 17:07 NVIDIA NIM microservices are accelerating AI application development across various industries, offering optimized solutions for speech, translation, retrieval, digital biology, and more. ...
Disney raises prices for Disney+, Hulu and ESPN+
The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022.Presley Ann | Getty Images Entertainment | Getty ImagesDisney is raising prices on its streaming platforms.Starting mid-October, most plans for Disney+,...
Elon Musk’s X sues advertisers over alleged ‘massive advertiser boycott’ after Twitter takeover
Jakub Porzycki | Nurphoto | Getty ImagesElon Musk's social media platform X has sued a group of advertisers, alleging that a "massive advertiser boycott" deprived the company of billions of dollars in revenue and violated antitrust laws.The company formerly known as...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 141.68; (P) 144.17; (R1) 146.64; More… Intraday bias in USD/JPY remains neutral for consolidation above 141.67. Upside of recovery should be limited by 150.88 resistance to bring another fall. On the downside, break of 141.67 will resume the decline...
Taiko’s Rollup Coaster #28 Explores Latest Ethereum Innovations
Zach Anderson Aug 06, 2024 16:47 Taiko's Rollup Coaster #28 delves into Ethereum advancements, covering rollups, zero-knowledge proofs, TEEs, MEV/PBS, and more. Taiko's bi-weekly newsletter, The Rollup Coaster,...
Harris running mate Tim Walz praised by Democrats passed over
Josh Shapiro, governor of Pennsylvania, speaks during a rally in support of Kamala Harris for president, along with Gretchen Whitmer, governor of Michigan, at Wissahickon High School in Ambler, Pennsylvania, on July 29, 2024.Lev Radin | Lightrocket | Getty...
OptionMetrics releases its new IvyDB Signed Volume intraday dataset
OptionMetrics, an options, equities, ETFs, and futures analytics provider for institutional investors and academic researchers worldwide, has released its new IvyDB Signed Volume intraday dataset, now available in five-minute and 30-minute snapshot intervals...
Bank account nominees to be increased to four, amid other key amendments, ET BFSI
The government is set to introduce two key Bills in the Lok Sabha during the week starting August 5. One of these, the 'Banking Laws (Amendment) Bill 2024,' aims to bring substantial changes to banking regulations.The Union Cabinet approved the introduction of the...
Shiba Inu (SHIB) Whales Trigger Bullish Momentum for RCOF and AAVE as Exchange Outflows Rise
Shiba Inu (SHIB) whales trust the meme coin’s potential as exchange withdrawals spike. Meanwhile, RCO Finance (RCOF) and Aave (AAVE) show bullish price movements. We will examine the effect of SHIB holders’ actions on RCOF and SHIB and how crypto enthusiasts can...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8437; (P) 0.8520; (R1) 0.8606; More… Intraday bias in USD/CHF remains neutral for consolidations above 0.8431. Upside of recovery should be limited by 0.8711 resistance to bring another fall. On the downside, below 0.8431 will resume the decline...
Exclusive: easyMarkets gets South Africa FSCA license
FNG Exclusive… FNG has learned that Cyprus based Retail FX and CFDs broker easyMarkets has obtained a Financial Sector Conduct Authority (FSCA) license for a new subsidiary of the company in South Africa. Other easyMarkets entities are already licensed by CySEC in...
ICICI Bank promoting strong compliance culture: Sandeep Bakhshi, ET BFSI
India’s second largest private lender ICICI Bank is promoting a strong compliance culture to ensure balance between risk and rewards, its managing director and CEO Sandeep Bakhshi has said in his annual address to shareholders. The comments by Bakhshi which are part...
UK’s Operation Cronos Successfully Takes Down LockBit Ransomware Group
Luisa Crawford Aug 06, 2024 15:33 UK's Operation Cronos, in collaboration with international partners, successfully dismantled LockBit, the world’s most prolific ransomware ecosystem, highlighting the importance of international...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0893; (P) 1.0951; (R1) 1.1009; More….. Intraday bias in EUR/USD is turned neutral with break of 1.0932 minor support. Some consolidations would be seen below 1.1007 first. While deeper retreat cannot be ruled out, downside should be contained well...
NZD/USD Sees Recovery After Hitting Nine-Month Low :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair has shown signs of recovery, reaching 0.5941 after initially plunging to a nine-month low. This downturn was triggered by concerns over a potential US recession, driven by weak job sector data, which rattled global...
Banks write off loans worth Rs 9.90 lakh cr in last 5 financial years, ET BFSI
New Delhi, Banks have written off loans worth Rs 9.90 lakh crore in the last five financial years, Parliament was informed on Tuesday. During 2023-24, banks loan write off was at Rs 1.70 lakh crore, as against Rs 2.08 lakh crore in the previous fiscal, Minister of...
Canada’s Trade Position Swings to a Surplus in June
Canada’s merchandise trade balance moved sharply into surplus territory in June after three months in deficit. June’s surplus registered at $638 million, with last month’s deficit being revised slightly lower to $1.6 billion. Merchandise exports increased by a hefty...
IOTA (MIOTA) Achieves Shari’a Compliance Certification
James Ding Aug 06, 2024 14:50 IOTA (MIOTA) has been certified as Shari’a-compliant by the Cambridge Institute of Islamic Finance, aligning with Islamic principles for enhanced trust in the Middle East. The IOTA...
UK slams Elon Musk after billionaire comments on riots
Elon Musk attends '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 on June 19, 2024 in Cannes, France. Marc Piasecki | Getty ImagesLONDON — The...
Gold (XAU/USD) Steadies After Volatile Monday; DXY Bounces Back
Gold prices rebounded above $2,400/oz after a dip to $2,364/oz, showing resilience despite a strengthening US Dollar. Gold benefits from expectations of more aggressive rate cuts and its safe-haven status. Geopolitical and economic risks in the second half of 2024,...
Interactive Brokers enables its clients to access listed derivatives on Bursa Malaysia
Interactive Brokers (NASDAQ:IBKR), an automated global electronic broker, has announced that its clients can now access listed derivatives on Bursa Malaysia, one of the largest bourses in ASEAN. With this launch, Interactive Brokers’ clients can now trade Crude Palm...
Heist at WazirX sparks security overhaul in Indian crypto industry, ET BFSI
The recent security breach at WazirX, resulting in the theft of over $230 million, has sent shockwaves through the Indian cryptocurrency market, prompting a reassessment of security measures across the industry. The heist, which compromised 45% of WazirX's crypto...
Bitcoin catches a bid in rise above $56,000
Bitcoin hourlyBitcoin is at the highs of the day, up more than 3% and above $56,000.The highs yesterday early and today peaked at $56,285 and we briefly edged above that. It's an impressive rebound after falling below $50,000 several times yesterday but it's still a...
New funding values email security firm Abnormal at more than $5 billion
Abnormal Security co-founders Sanjay Jeyakumar and Evan ReiserAbnormal SecurityCybersecurity company Abnormal Security said Tuesday it has raised $250 million in a Series D funding round that values the firm at $5.1 billion.Abnormal's latest funding round is being led...
Google Enhances Smart Home with Gemini Integration
James Ding Aug 06, 2024 14:10 Google introduces Gemini models to enhance Nest cameras and smart home devices, offering improved AI capabilities and natural interactions. Google is set to revolutionize the smart...
SFIO probe into Sahara group companies ongoing: Finance minister, ET BFSI
Nirmala SitharamanNEW DELHI: The Serious Fraud Investigation Office (SFIO) is carrying out a detailed probe into the matter related to the Sahara group companies and further action will be taken after its report, Union Finance Minister Nirmala Sitharaman said in the...
JP 225 Index Tries to Find Footing After 20% Crash
JP 225 index plummets to 10-month low amid global stock meltdown Oversold signals detected; but bulls could show up above 33,585 Japan’s 225 stock index (cash) started the month on the wrong foot, sinking by a massive 21% to a 10-month low of 30,361 in the wake of...
Hong Kong Monetary Authority Reviews Virtual Banks, Proposes Renaming to ‘Digital Banks’
Rongchai Wang Aug 06, 2024 13:25 The HKMA issued a report on virtual banks, evaluating their impact and proposing a name change to 'Digital Banks'. The Hong Kong Monetary Authority (HKMA) has released a...
Bitcoin miner Core Scientific expands CoreWeave deal to $6.7 billion
In January, U.S. bitcoin miner Core Scientific was bankrupt and battling angry lenders. Since its return to the stock market that month, the share price is up 140% as the company aggressively goes after building a business in artificial intelligence.On Tuesday, the...
AIs encode language like brains do − opening a window on human conversations :: InvestMacro
By Zaid Zada, Princeton University Language enables people to transmit thoughts to each other because each person’s brain responds similarly to the meaning of words. In our newly published research, my colleagues and I developed a framework to model the brain activity...
PSU banks’ compensation against fraud rises over three-fold to Rs 140 crore in FY’24, ET BFSI
New Delhi: Public sector banks have reported over three-fold jump in compensation towards frauds or e-frauds reported by their customers to Rs 140 crore during 2023-24, Parliament was informed on Tuesday. The amount of compensation paid by these banks stood at Rs...
Dollar Strengthens Mildly Amid Market Calm, Sterling Weakens
Dollar is showing broad but mild strength today as global financial markets stabilize after recent turmoil. The stock market rebound, including a notable 10% surge in the Nikkei, appears to be driven by short covering rather than a sustained recovery. Despite the...
Kamala Harris’ VP pick is Tim Walz
Vice President Kamala Harris chose Minnesota Gov. Tim Walz as her Democratic running mate for the 2024 presidential election, three people familiar with the choice tell NBC News. The two are scheduled to appear together later in the day Tuesday in Philadelphia.Walz,...
Crypto sell-off first big market test for new spot bitcoin, ether ETFs
Omar Marques | Lightrocket | Getty ImagesBitcoin and ether are gaining back ground after falling to their lowest level in six months on Monday in the first major test of the recently launched crypto exchange-traded funds.As of early Monday, roughly $370 billion...
COP29 only chance to bridge climate action, finance gaps: Commonwealth Secretary-General, ET BFSI
New Delhi: The COP29 climate talks in Azerbaijan's Baku is the world's only chance to bridge the gaps in climate action and finance which is crucial to "rebuild trust" among countries and protect lives and livelihoods, Commonwealth Secretary-General Patricia Scotland...
In Discussion with Andy Biggs: Introducing Cutting-Edge Technology for Prime of Prime Trading
The latest advancements in prime of prime trading technology are transforming the financial landscape, unlocking new benchmarks in what is possible for performance and efficiency. In an exclusive Q&A session, Andy Biggs, Finalto’s Group Head of Risk & Trading,...
Bajaj Housing, Baazar Style among 5 IPOs approved by Sebi, BFSI News, ET BFSI
Capital markets regulator Sebi has approved the public offers of five companies, but also returned the offer document of Sanathan Textiles. The approved IPOs include that of Manba Finance, Baazar Style, Deepak Builders, Diffusion Engineers and Bajaj Housing...
EUR/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.0893; (P) 1.0951; (R1) 1.1009; More….. Intraday bias in EUR/USD stays on the upside with 1.0932 minor support intact. Current rally is part of the whole rise from 1.0665 and should target 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1056...
Common Ground World Launches Weekly Competition with $GALA Prizes
Zach Anderson Aug 06, 2024 04:09 Gala Games announces a new weekly competition in Common Ground World, offering $GALA prizes for top leaderboard finishers. Starts August 6th. Gala Games has announced an exciting...
China launches its rival to Elon Musk’s Starlink internet satellites
The Chang'e 6 lunar probe and the Long March-5 Y8 carrier rocket combination sit atop the launch pad at the Wenchang Space Launch Site in Hainan province, China May 3, 2024. Eduardo Baptista | ReutersChina on Tuesday launched its first batch of internet satellites...
Bitcoin rises slightly as crypto and other risk assets look to rebound from sell-off
Cryptocurrencies on Tuesday recovered some of the previous day's losses after bitcoin briefly fell under $50,000 for the first time in six months.The price of the flagship cryptocurrency was last higher by 3.5% at $55,051.74, according to Coin Metrics. Ether, rose...
Bitcoin’s Bear Rally?
Market picture The cryptocurrency market has survived the peak of fear, finding the strength to consolidate during European trading and begin a recovery during active hours in the Americas. As a result, the crypto market capitalisation is up 11.3% in 24 hours to $1.98...
Govt willing to hear cases of harassment for loan recovery: Nirmala Sitharaman, ET BFSI
Finance minister Nirmala Sitharaman on Monday told the Lok Sabha that the government is closely monitoring any harassment of borrowers during loan recovery and is willing to hear any cases that come up.The finance minister made this observation in her reply on the...
Forced closures of carry-trade positions led to a crash in indices on Monday. The RBA maintained its policy settings :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index was down 2.60%, while the S&P 500 (US500) Index fell by 3.00%. The NASDAQ Technology Index (US100) closed negative 3.43%. The S&P 500 and Nasdaq 100 Indexes fell to 3-month lows, and the Dow Jones...
Indian banks’ bad loan write-offs drop to Rs 1.70 lakh crore in FY24, ET BFSI
Write-offs by scheduled commercial banks in India have decreased significantly over the last five years, dropping to just over Rs 1.70 lakh crore at the end of FY 2023-24 from over Rs 2.34 lakh crore in FY 2019-20, marking a decline of more than 27%, according to data...
Gala Games Announces Weekly Competition in Common Ground World with $GALA Prizes
Rebeca Moen Aug 06, 2024 04:35 Gala Games has launched a new weekly competition in Common Ground World, offering $GALA prizes for top performers. Join the game and compete now! Gala Games has unveiled a new...
AUD/USD Remains Under Pressure as RBA Holds Rates
The Australian dollar gained ground earlier but has reversed directions and has edged lower. In the European session, AUD/USD is trading at 0.6778, down 0.24% at the time of writing. RBA maintains cash rate at 4.35% The Reserve Bank of Australia held the cash rate at...
Yum Brands (YUM) earnings Q2 2024
A sign is posted in front of a Taco Bell restaurant on May 01, 2024 in Richmond, California. Justin Sullivan | Getty ImagesYum Brands on Tuesday reported a mixed quarter as both Pizza Hut and KFC reported declining same-store sales.Shares of the company fell less than...
iSAM Securities expands liquidity offering adding 16 instruments including China H Shares, Commodities
London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that it has expanded its liquidity offering with the addition of 16 new instruments, including China H Shares, Cocoa, Coffee Arabica, Coffee Robusta, Cotton, Singapore 30...
NITI Aayog to lay out roadmap for deepening of corporate bond market, ET BFSI
NITI Aayog has kick-started holistic research on India’s corporate bond market and will soon firm up its recommendations on ways to deepen the corporate bond market, seen as an alternative to bank finance for borrowers, the Aayog said in its Annual Report 2023-24.“The...
Bangladesh unrest not likely to impact India’s overall trade balance: S&P, ET BFSI
India is a well diversified exporter and a blip in its exports to Bangladesh is unlikely to have any meaningful impact on India's overall trade position for the full year, S&P Global Ratings said on Tuesday. Bangladesh is facing its worst political crisis since...
Uber Q2 2024 earnings
Dara Khosrowshahi, CEO of Uber, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.Adam Galici | CNBCUber reported second-quarter results that topped Wall Street estimates on Tuesday. The stock rose about...
Will BoJ Summary of Opinions Add More Fuel to Yen’s Engines?
Yen rallies on cocktail of developments BoJ Summary could offer more policy clarity The report will be published on Wednesday at 23:50 GMT Yen skyrockets more than 12% after intervention After hitting a 38-year low against its US counterpart on July 3, the Japanese...
Announcement – AI for Everyone Course Launched
Artificial intelligence still seems to be out of reach for many people in the world who don’t have technical skills. 101 Blockchains has come up with the new AI for Everyone course launched recently to help you gain AI skills. Our primary objective for creating this...
Binance Futures Introduces New ZROUSDT USDⓈ-M Contract for Copy Trading
Peter Zhang Aug 06, 2024 05:01 Binance Futures adds ZROUSDT USDⓈ-M contract to its Copy Trading service, enhancing opportunities for traders to follow experienced portfolios. Binance Futures has announced the...
Eternal Paradox Unveils Season 5 Results and Teases Exciting Updates for Season 6
Caroline Bishop Aug 06, 2024 05:19 Eternal Paradox concludes Season 5, revealing top Captains and rewards, while introducing new features for Season 6. Season 5 of Eternal Paradox has concluded with a thrilling...
HK virtual banks reach 2.2M depositors
The Hong Kong Monetary Authority (HKMA) issued today a report on its review of virtual banks (VBs). The review was conducted in 2024, several years after the eight VBs commenced their business in 2020, to look into their operations and impact on the Hong Kong banking...
AUDUSD Stays in One Piece After Flash Crash
AUDUSD bounces back from its lowest point in nine months Short-term risk skewed to the upside; close above 0.6500 needed RBA maintains steady policy; pushes back rate cut timing AUDUSD encountered a significant drop to a nine-month low of 0.6346 on Monday, marking its...
State Bank of India forms a team of 2,000 bankers to attract the rich clients, ET BFSI
State Bank of India (SBI), the largest lender in the country, is giving its wealth management business a renewed push amid a surge in the number of affluent individuals in India. Chairman Dinesh Khara announced in earnings call that SBI is deploying about 2,000...
Contours of three jobs schemes being finalised, BFSI News, ET BFSI
New Delhi: The Ministry of Labour and Employment is finalising three employment-linked incentive schemes announced in the budget before forwarding them to the expenditure finance committee for approval later this month. The committee's nod is necessary for rolling out...
How Coworking Spaces Are Redefining the Business World
The entire concept of coworking spaces is attaining major fame in transitioning the manner in which businesses are functioning these days. These are the shared workspaces offering you a work desk and WiFi connection while encouraging the growth of innovation,...
RBA on Hold, But Hawkish Amongst Market Whiplash
The RBA left rates on hold in August as we expected, but their rhetoric and view of aggregate demand were surprisingly hawkish. Given the Board apparently does not see its way to cutting rates this year, our expectation of a November rate cut is unlikely to be...
FlowBank bankruptcy weighs on CoinShares’ principal investments performance in Q2 2024
CoinShares International Limited, a European investment company specialising in digital assets, has today published its results for the quarter ending June 30, 2024. Principal Investments generated a loss of £24.8 million (Q2 2023: £0.2 million loss) in the second...
Judge orders DOJ to return QAnon shaman Jacob Chansley spear, helmet
Jacob Chansley, also known as the "QAnon Shaman," screams "Freedom" inside the U.S. Senate chamber after the U.S. Capitol was breached by a mob during a joint session of Congress on January 6, 2021 in Washington, DC.Win Mcnamee | Getty Images News | Getty Images"QAnon...
Sensex crashes 2,223 points; 2nd biggest M-cap loss ever, BFSI News, ET BFSI
MUMBAI: A global market sell-off, triggered by weak employment data in US and fears of large speculative losses in the forex market due to a strengthening Japanese yen, also swept Dalal Street, sending investors into a panic-selling mode on Monday and pulling down the...
Advancing AI Governance: Insights from the BGI-24 Event
Darius Baruo Aug 06, 2024 05:45 Explore the discussions on AI and AGI governance from the recent BGI-24 event, highlighting diverse perspectives and collaborative efforts. The recent BGI-24 event in Panama City...
UK PMI construction jumps to 55.3, paused projects released
UK PMI Construction rose from 52.2 to 55.3 in June, highest reading since May 2022. S&P Global noted that activity rose amid much faster increase in new orders. Employment increased for the third month running. Emerging pressure on supply chains signaled. Andrew...
India will lower rates by 100 bps by March 2026, Bank of America official says, ET BFSI
India's central bank could cut interest rates by 100 basis points in a monetary easing cycle that is likely to start in December as inflation eases towards its 4% target, a fixed income official at Bank of America, India said. "Once inflation reaches 4%, and based on...
Exclusive: CME Group’s head of eFix Matching Kyle Jannece departs
FNG Exclusive… FNG has learned that longtime London based CME Group executive Kyle Jannece is leaving the company. Kyle Jannece has served as Head of Mid-Matching for CME Group since 2018, managing CME’s Mid-Matching products (Cash Markets Division), which includes...
U.S. personnel wounded in attack against base in Iraq, officials say
Al Asad airbase in Iraq. A rocket attack at an Iraqi military base injured US personnel, officials say on Aug. 6th, 2024Source: Google EarthAt least five U.S. personnel were injured in an attack against a military base in Iraq on Monday, U.S. officials told Reuters,...
DBS Bank India launches exclusive banking program for senior citizens, ET BFSI
DBS Bank India has launched "DBS Golden Circle," a priority banking program for senior citizens. The program, designed for resident Indian citizens aged 60 and above, offers exclusive benefits and services, including attractive interest rates on savings accounts and...
Bridging the Gap: Integrating Layer 2 Solutions with Existing Ethereum Smart Contracts
Integrating Layer 2 Solutions with Existing Ethereum Smart ContractsEthereum smart contract developers are all too familiar with the pain points of high gas fees and slow transaction times. As the network grows in popularity, these issues have become increasingly...
Eurozone retail sales falls -0.3% mom in June, EU down -0.1% mom
Eurozone retail sales volume fell -0.3% mom in June, worse than expectation of -0.2% mom. Retail trade decreased for food, drinks, tobacco by -0.7%, and for non-food products (except automotive fuel) by – 0.1%. Retail trade increased increased for automotive fuel in...
AssemblyAI Enhances Zapier Integration with New Features
Rongchai Wang Aug 06, 2024 06:26 AssemblyAI launches an enhanced version of its Zapier app, introducing new transcription options, events, and improved integration. The enhanced AssemblyAI app for Zapier is now...
Nirmala Sitharaman to move Finance Bill for consideration and passing in Lok Sabha, ET BFSI
Finance Minister Nirmala Sitharaman on Tuesday will propose in the Lok Sabha that Finance Bill for the financial year 2024-2025, be taken into consideration and passing, as per Lok Sabha's agenda for the day.The Finance Bill needs to be approved by both houses of the...
Robinhood cancels 24 hour trading Monday-Tuesday
In the wake of the equity (and crypto) market meltdown on Monday, leading US neobroker Robinhood (NASDAQ:HOOD) has announced that its Robinhood 24-hour overnight trading facility would not be available from Monday (August 5) into Tuesday (August 6). Monday saw a more...
Investors to gain 122%; check SGB redemption price, ET BFSI
The Reserve Bank of India (RBI) has announced that August 5, 2024 shall be the final redemption date for SGB 2016-17 Series I tranche. As per a press release issued by the RBI on August 2, 2024, this SGB completes eight years from its date of issuance and is...
NZD/USD Sees Recovery After Hitting Nine-Month Low
The NZD/USD pair has shown signs of recovery, reaching 0.5941 after initially plunging to a nine-month low. This downturn was triggered by concerns over a potential US recession, driven by weak job sector data, which rattled global financial markets. As risk aversion...
Trump campaign lawyer Jenna Ellis cooperating in Arizona election case
Jenna Ellis, right, and Sydney Powell, attorneys for President Donald Trump, conduct a news conference at the Republican National Committee on lawsuits regarding the outcome of the 2020 presidential election on Thursday, November 19, 2020.Tom Williams | CQ-Roll Call,...
Market Volatility Persists, Aussie Steady with RBA’s Intricate Inflation Forecast
The financial markets continued to see extreme volatility. DOW dropped by over -1000 points overnight, but the global rout seems to have paused for now. Nikkei staged a dramatic 10% rebound in early trading after yesterday’s history plunge of -12.4%. However, this...
Streamline Video Subtitles with AssemblyAI and Zapier Integration
James Ding Aug 06, 2024 06:56 Learn how to generate subtitles for videos using AssemblyAI and Zapier. Follow a step-by-step guide to transcribe videos and upload subtitles to Google Drive. AssemblyAI, a leading...
IG stops accepting PayPal payments in the UK
Electronic trading major IG no longer supports PayPal as a payment option, according to IG’s Community forum. An IG representative has confirmed that PayPal payment options will no longer be available with the broker in the UK. “This decision follows discussions with...
Binance to Implement Major API Updates in September 2024
Darius Baruo Aug 06, 2024 07:32 Binance announces significant updates to its API, including Request Weight Adjustments and WebSocket User Data Requests, effective from September 3, 2024. Binance, one of the...
JioFinance goes international, enables app payments in this global tourist destination, ET BFSI
Jio Financial Services has announced the entry of the JioFinance app in the French capital, Paris. "To make it convenient for Indian travellers to transact digitally, JioFinance will enable international payments for buying tickets to visit the Eiffel Tower through...
RBI’s new rules to keep your transactions secure, ET BFSI
The Reserve Bank of India (RBI) has proposed a new Framework on Alternative Authentication Mechanisms for Digital Payment Transactions to enhance the security of online payments. This move underscores the central bank's commitment to safeguarding digital payments,...
You can still pay lower or zero TDS with this certificate, ET BFSI
In Budget 2024, it was announced that starting from October 1, 2024, tax deducted at source (TDS) will be deducted at a 10% rate from specified central and state government bonds, including floating rate bonds."In the Union Budget 2024, the Government has proposed a...
FX option expiries for 6 August 10am New York cut
There aren't any major expiries to take note of on the day. For now, trading sentiment will continue to ride on the emotions and so far today it is one mostly of relief. The global market selloff has abated, at least for the time being, but sentiment is still very...
OpenAI co-founder John Schulman says he will join rival Anthropic
The ChatGPT chat screen on a smartphone arranged in the Brooklyn borough of New York, US, on Thursday, March 9, 2023. ChatGPT has made writing computer code and cheating on homework easier. Soon, it could make email scams a cinch. That's the warning from Darktrace...
Bangladesh PM Sheikh Hasina flees, interim government to be formed
Prime Minister Sheikh Hasina addresses the media at a vandalized metro station in Mirpur, after the anti-quota protests.- | Afp | Getty ImagesBangladesh Prime Minister Sheikh Hasina resigned and fled the country on Monday after hundreds of people were killed in a...
Core Member of Ramp-and-Dump Syndicate Arrested in Hong Kong
Jessie A Ellis Aug 05, 2024 11:26 Hong Kong authorities have arrested a key member of a notorious ramp-and-dump syndicate, as reported by the SFC. In a significant development, Hong Kong authorities have...
Eurozone Sentix falls to -13.8, ECB under pressure to cut further and faster
Eurozone Sentix Investor Confidence fell sharply from -7.3 to -13.8 in August, marking its lowest level since January. Current Situation Index dropped from -15.8 to -19.0, the lowest since February, while Expectations Index declined from 1.5 to -8.8, the lowest since...
Google loses antitrust case over search
CEO of Alphabet and Google Sundar Pichai meets Polish Prime Minister at the Chancellery in Warsaw, Poland on March 29, 2022.Mateusz Wlodarczyk | Nurphoto | Getty ImagesA federal U.S. judge ruled Monday that Google has illegally held a monopoly in two market areas:...
Trump blames Harris, Biden for stock market meltdown
Republican presidential nominee Donald Trump on Monday blamed Vice President Kamala Harris for the stock market's dramatic plunge, months after claiming he deserved credit for the market's then-record upswing."Of course there is a massive market downturn. Kamala is...
Crypto Market Movers: 5 Altcoins Making Waves This Bull Run
As the crypto market heats up in this exciting bull run, five standout altcoins are making significant waves and capturing the attention of savvy investors. ETFSwap (ETFS), Sei (SEI), Pepe (PEPE), Bonk (BONK), and Sui (SUI) are not just riding the bullish momentum but...
Eurozone PPI at 0.5% mom, -3.2% yoy in Jun
Eurozone PPI rose 0.5% mom in June, but down -3.2% yoy, comparing to expectation of 0.3% mom, -3.2% yoy. For the month. Industrial producer prices increased by 0.1% for intermediate goods,1.6% for energy, 0.1% for capital goods, and 0.1% for non-durable consumer...
Banks may offer small loans on UPI against FDs, BFSI News, ET BFSI
Private banks are likely to target new-to-bank customers for credit on UPI against fixed deposits as collateral. Although the National Payments Corporation of India (NPCI) is yet to launch credit-line-on-UPI service, banks have begun working on their...
Hong Kong Monetary Authority Publishes Conclusions on Three-Tier Banking System Review
Ted Hisokawa Aug 05, 2024 12:37 The Hong Kong Monetary Authority (HKMA) has released the conclusions of its public consultation on the three-tier banking system, proposing a transition to a two-tier system. The...
CFI expands to Azerbaijan acquiring AzFinance
CFI, a global leader in online trading, has announced its entry into Azerbaijan through the acquisition of AzFinance İnveŞtisiya Şirkəti (AzFinance Investment Company). This milestone positions CFI as the first international company to establish a local presence in...
Aussie Slides on Fears Over the US Economy
The Australian dollar has taken a nasty spill to start off the trading week. AUD/USD dropped as much has 2.5% in the Asian session and fell to its lowest levels since November 2023. The Aussie has pared those losses and is down 0.96% at the time of writing, trading at...
Elon Musk PAC eyed as it supports Trump election
The North Carolina Attorney General's Office said Monday that it is eyeing a political action committee created by billionaire Elon Musk following a complaint to the state election board over the PAC's collection of personal data while failing to help users register...
Deposit crunch forces banks to raise rates, BFSI News, ET BFSI
MUMBAI: Even as analysts are forecasting the monetary policy committee meeting this week to vote for another pause with a rate cut pushed to December, banks have been selectively raising deposits and lending rates.According to SBI chairman Dinesh Khara, markets can no...
Trump’s tech backers are wrong
Michael Moritz, Sequoia CapitalScott Mlyn | CNBCAs leading tech investors continue to vocally take sides ahead of the 2024 presidential election, legendary venture capitalist Michael Moritz is making his preference clear.In a Financial Times opinion piece published on...
Nikkei 225 Index Has Plummeted to a Nine-Month Low
As shown by the Nikkei 225 (Japan 225 on FXOpen) chart: → In less than a month, the index price has dropped by more than 25%, providing grounds to suggest the start of a bear market; → The price has approached the psychological level of 30,000 points – the last time...
Ethereum ETF Launch Sparks Significant Market Interest, But Trails Bitcoin ETFs
Lawrence Jengar Aug 05, 2024 15:35 The launch of Ethereum ETFs marks a milestone in integrating digital assets with traditional finance, drawing interest from financial giants like BlackRock and Fidelity. The...
NFA permanently prohibits East West Global from membership
The US National Futures Association (NFA) has permanently prohibited East West Global LLC, a former NFA Member commodity pool operator located in Glencoe, Ill., from reapplying for membership and from acting or being listed as a principal of an NFA Member. NFA has...
Bitcoin Faces Significant Decline Amid Economic Turmoil
James Ding Aug 05, 2024 15:58 Bitcoin (BTC) drops 11% over the past week, hitting a low of $49,130 amid broader economic instability and market turmoil. Bitcoin (BTC) has experienced a significant price decline,...
Banks’ profits healthy, but margins may shrink and deposits could disappoint, ET BFSI
Mumbai: Banks saw an increase in stress in unsecured retail, micro finance and some rural advances as seasonal impact of the heatwave, election season slowdown and higher risk weights led to increase in slippages during the first quarter. However, analysts do not...
JPMorgan Chase opens more small-town branches in middle America
Three years ago, JPMorgan Chase became the first bank with a branch in all 48 contiguous states. Now, the firm is expanding, with the aim of reaching more Americans in smaller cities and towns. JPMorgan recently announced a new goal within its multibillion-dollar...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0820; (P) 1.0873; (R1) 1.0965; More….. EUR/USD’s strong break of 1.0947 resistance confirms resumption of the rise from 1.0665. Intraday bias remains on the upside for 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1056 next. On the...
World Bank B-Ready index groundwork kicks off, ET BFSI
India has begun the groundwork for the Business-Ready or B-Ready index, the World Bank's new flagship report benchmarking the business environment and investment climate in economies worldwide. B-Ready is replacing the World Bank's Doing Business index that ranked...
CME Group marks record Live Cattle options OI
International derivatives marketplace CME Group today announced that its Live Cattle options reached all-time record open interest of 410,120 contracts on August 1, 2024. The new record surpassed the previous record of 399,626 set on July 31, 2014. “With demand high...
Circle to Cease USDC Support on Flow Blockchain Amid Network Upgrade
Jessie A Ellis Aug 05, 2024 16:39 Circle announces the discontinuation of USDC support on the Flow blockchain due to an upcoming network upgrade, effective September 3, 2024. Circle has announced that it will...
Elon Musk’s X AI shared false election information after Biden dropped out: Officials
Muhammed Selim Korkutata | Anadolu | Getty ImagesFive secretaries of state on Monday urged Elon Musk to fix his social media platform X's artificial intelligence search assistant after it allegedly shared false information about the 2024 presidential election.The...
IDBI Bank sells distressed Rs 6151 cr portfolio to Omkara ARC, ET BFSI
IDBI Bank is selling its Rs 6,151 crore legacy stressed asset portfolio to Omkara Asset Reconstruction Company (ARC) in a move that will help the government fetch an improved valuation for the proposed stake sale in the lender, people with knowledge of the matter told...
Stock climbs on reports of Mars interest
Signage for Kellanova (K) outside the New York Stock Exchange (NYSE) on September 05, 2023 in New York City.APShares of Kellanova climbed 13% in morning trading Monday on reports of buyout interest. M&M's owner Mars is in talks to acquire the snacking company,...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2729; (P) 1.2784; (R1) 1.2861; More… Range trading continues in GBP/USD and intraday bias stays neutral for the moment. Further decline is in favor with 1.2863 resistance intact. On the downside, below 1.2706 will target 1.2612 support first....
Key Factors Boosting JPY :: InvestMacro
By RoboForex Analytical DepartmentThe Japanese yen continues its recovery rally. The USDJPY pair falls to 143.38 on Monday.This development is likely only the midpoint of the process as the market regains past losses and brings the JPY to equilibrium. USDJPY is...
Go First creditors vote to liquidate airline, ET BFSI
Mumbai: Creditors to Go First Airlines have unanimously voted to liquidate the carrier after almost a year of trying to find a buyer for the Wadia group-promoted company.A liquidation plea has been e-filed with the Delhi National Company Law Tribunal (NCLT) on Sunday...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8523; (P) 0.8631; (R1) 0.8689; More… Intraday bias in USD/CHF remains on the downside at this point. Current fall from 0.9223 should target a retest on 0.8332 low. On the upside, above 0.8594 minor resistance will turn intraday bias neutral and...
Utkarsh Small Bank Q1 net surges 28%, BFSI News, ET BFSI
Kolkata: Utkarsh Small Finance Bank's net profit for the June quarter rose 28% at ₹137 crore against ₹107 crore in the year ago period backed by healthy core income growth. This rise in profit was despite higher provisions and contingencies of ₹125 crore against ₹77...
How Much Does Blockchain Development Cost in 2024
Blockchain Development Cost in 2024The blockchain industry is on a tear. The global blockchain technology market size is estimated to increase from $19.7 billion in 2024 to a staggering $2450.4 billion by the end of 2034. This reflects a phenomenal CAGR of 62% between...
Riot Platforms Reports 370 Bitcoin Production in July 2024 and Kentucky Expansion
Rebeca Moen Aug 05, 2024 12:54 Riot Platforms announces a 45% increase in Bitcoin production and its expansion into Kentucky, enhancing its mining capacity. Riot Platforms, Inc. (NASDAQ: RIOT), a leader in...
Exclusive: Robinhood hires David Schwed to head brokerage information security
FNG Exclusive… With the issue of cyber security – and specifically the security of client information at financial institutions – becoming ever more important, FNG has learned that leading US neobroker Robinhood (NASDAQ:HOOD) has gone outside the organization to hire...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 145.40; (P) 147.59; (R1) 148.76; More… Intraday bias in USD/JPY remains on the downside for the moment. Current fall from 161.94 should target 140.25 support next. On the upside, above 146.40 minor resistance will turn intraday bias neutral and...
Bitcoin bounces 10% in a sign of improving risk mood
Bitcoin dailyBitcoin is now up 10% from the intraday low of $49,445 just a few hours ago.On Friday, just after the equity close bitcoin slumped in a sign of what was to come in broader markets. This bounce could be a reversal of that, though it's still a bruising...
How Union Budget’s capital gains tax changes may play out, BFSI News, ET BFSI
The Union Budget 2024-25 has significantly revamped the capital gains tax framework, introducing measures that could impact homeowners and investors in varied ways. Among the most notable changes is the removal of the indexation benefit on the sale of property,...
Delhi High Court assigns special CBI court to speed up trial in biggest bank fraud, ET BFSI
New Delhi: The Delhi High Court has designated a special CBI Court to expedite the trial of India's biggest bank fraud. The Central Bureau of Investigation (CBI) has charged Dheeraj Wadhawan, Kapil Wadhawan-promoters of embattled Dewan Housing Finance Ltd (DHFL)-and...
Govt offers tech aid to account aggregators as they targeted by fraudsters, ET BFSI
From digital lending startups to payment companies, cyber criminals are targeting almost every facet of the fintech industry to gain access to critical customer data.Non-banking finance companies - account aggregators (NBFC-AAs), which has just started to take off,...
US ISM services rises to 51.4, corresponds to 0.8% annualized GDP growth
US ISM Services PMI rose from 48.8 to 51.4 in July, matched expectations. Looking at some details, business activity/production rose from 49.6 to 54.5. New orders rose from 47.3 to 52.4. Employment jumped from 46.1 to 51.1. Prices rose from 56.3 to 57.0. ISM said:...
Why are Stock, FX, Crypto markets falling? :: InvestMacro
By ForexTime Risk assets (global stocks, cryptos, etc.) plummetingHigher US unemployment rate fuelling US recession fearsMarkets fear Fed may be too late to fend off recessionSafe havens JPY, CHF rising against all G10 peersVolatile markets present trading...
Cornell Lecturer Develops AI-Powered Teaching Assistant to Revolutionize Education
Rebeca Moen Aug 05, 2024 14:20 Cornell lecturer Lutz Finger introduces S.A.I., an innovative AI teaching assistant, to make AI education more engaging and accessible. Cornell University lecturer Lutz Finger has...
Market rout punishes mega-cap tech
Traders work on the floor of the New York Stock Exchange during morning trading on July 31, 2024.Michael M. Santiago | Getty ImagesAs U.S. markets opened for trading on Monday, tech's mega-cap companies lost about $1 trillion in market cap, deepening a downturn that...
How Rs 60,000 cr losses from F&O give banks hope for a savings revival, ET BFSI
Rs 60,000 crore losses, Sebi crackdown, and a hope for banksAs India shifts its investing habits, the allure of high-risk, high-return options is strong. However, this isn't for everyone, as Indian households are losing about Rs 60,000 crore in derivatives trades in a...
Fed’s Goolsbee: Jobs data weak, but recession not imminent
Chicago Federal Reserve President Austan Goolsbee addressed the recent economic concerns in an interview with CNBC, noting that last Friday’s jobs numbers were “weaker than expected” but not yet indicative of a recession. He emphasized the Fed’s commitment to its core...
Revolving Games and Animoca Brands Collaborate to Develop Scalable Node Network
Iris Coleman Aug 05, 2024 13:56 Revolving Games partners with Animoca Brands to create a scalable Web3 gaming ecosystem leveraging decentralized infrastructure and the RCADE token. Revolving Games (RG), a...
Taxman widens horizons of realty checks on HNIs, BFSI News, ET BFSI
Mumbai: After foreign bank accounts, stock holdings and trusts in tax havens, it's the turn of offshore property deals of wealthy Indians to come under the taxman's lens.At least half a dozen resident Indians were, last week, confounded by summons from the Income Tax...
TradingView adds Session volume profile to lineup of chart types
TradingView has added a new type of chart to help its users better understand the dynamics of trading volume — Session volume profile. Session volume profile (SVP) calculates volume data within a specified session or sub-session, allowing traders to analyze the...
AUD/USD Technical: Dropped Towards 0.6360 Key Range Support Ahead of RBA
AUD/USD has been the worst performer among the major currencies in the past 4 weeks due to a double whammy slow-down growth effect from the US and China. RBA’s “hawkish hold” monetary policy stance on Tuesday may offer a relief for the AUD/USD. The recent 6.6% decline...
Leveraging On-Chain Data to Boost Player Engagement in Web3 Gaming
Felix Pinkston Aug 05, 2024 13:15 Discover how web3 gaming platforms are using on-chain data to attract and retain players, ensuring transparency and enhancing user experience. Web3 gaming has seen rapid growth...
Permitted and prohibited items, bank responsibilities, and locker operations, ET BFSI
Bank lockers provide a secure way to store valuable items, but there are specific guidelines on what can and cannot be kept inside them. The bank is responsible for losses due to its own negligence or fraudulent actions, with compensation up to one hundred times the...
The US dollar fell to a 12-year low. Bitcoin lost 10% of its value during the day :: InvestMacro
By JustMarketsAt the end of Friday, the Dow Jones Index (US30) fell by 1.51% (for the week -2.28%), and the S&P 500 Index (US500) lost 1.84% (for the week -2.37%). The NASDAQ Technology Index (US100) closed negative 2.43% (for the week -3.83%). On Friday, the US...
Deloitte, BFSI News, ET BFSI
Representative imageNew Delhi: India's economy is expected to grow at 7-7.2 per cent in the current fiscal year driven by robust economic fundamentals and continuity in domestic policy reforms, Deloitte India said on Monday. The August update of Deloitte's India...
Global Markets Crashing: Nikkei’s Historic 12.4% Plunge, DOW Futures Down 1100 Points
Global stock markets are in crash mode today, beginning with the massive historic -12.4% decline in Nikkei. Major European indexes are also trading deeply in the red, with losses around -3%, though these are overshadowed by the severe drop in Japan. Concurrently, DOW...
BookMyForex launches zero fee remittance & bundled deals for international students, ET BFSI
BookMyForex, India’s leading online retail foreign exchange platform has announced the launch of the “BookMyForex Student Offer,” designed specifically for Indian students embarking on their studies abroad this academic term. This exclusive offer includes zero-fee...
RBI proposes draft guidelines for Credit Risk Models, BFSI News, ET BFSI
New norms for governance, development, and validation of credit risk models of regulated entitiesThe Reserve Bank of India on Monday introduced draft regulations aimed at enhancing the governance, development, and validation of credit risk models used by regulated...
Elon Musk revives lawsuit against OpenAI, Sam Altman in federal court
In this photo illustration, the logo of 'OpenAI' is displayed on a mobile phone screen in front of a computer screen displaying the photographs of Elon Musk and Sam Altman in Ankara, Turkiye on March 14, 2024.Muhammed Selim Korkutata | Anadolu | Getty ImagesElon Musk...
Tether (USDT) and Xion Global Partner to Boost Blockchain Education in South Africa
James Ding Aug 05, 2024 12:18 Tether and Xion Global have announced a strategic partnership to enhance blockchain education in South Africa, aiming to improve digital transaction capabilities. Tether Operations...
EUR/USD Analysis: The Rate Has Risen to a Nearly 5-Month High
As shown by today’s EUR/USD chart, the rate rose this morning to 1.096 – its highest level since mid-March. On one hand, this was driven by the weakness of the dollar. The USD fell sharply against other currencies following the release of labour market news on Friday...
Nuvei to acquire Pay2All – FX News Group
Canadian fintech company Nuvei Corporation (TSX:NVEI) today announces that it has entered into a definitive agreement to acquire Pay2All Instituição de Pagamento Ltda., a licensed Payment Institution authorized by the Central Bank of Brazil. This strategic milestone...
MF, retail investors’ share in NSE stocks surges to all-time high, FII-DII gap smallest ever: Primeinfobase, ET BFSI
The share of domestic Mutual Funds (MFs) in companies listed on NSE rose to yet another all-time high of 9.17% QoQ as on June 30, 2024, from 8.93%, powered by strong net inflows of Rs 1.09 lakh crore during the quarter, according to data compiled by primeinfobase.The...
Leading NBFC Muthoot Capital Bags Rs.100 Crore Impact Funding for Electric Vehicle Portfolio, ET BFSI
Kochi, Kerala, India - Business Wire India Muthoot Capital Services Limited (MCSL), one of India's fastest-growing NBFCs and a publicly traded entity of 137-year-old business conglomerate Muthoot Pappachan Group announces its partnership with UK-based Development...
EUR/GBP: Overbought Conditions Warn of Correction of Steep Three-Day Rally
EUR/GBP – strong three day rally (the cross was up 2.1%) started to lose traction after hitting fresh high of nearly three months on Monday (0.8596). Overbought daily studies warn of partial profit taking following steep ascend, which will mark positioning for fresh...
SoftBank shares tank near 19% wiping off $4.6 billion from Son’s fortune
Masayoshi Son, CEO of SoftBank, speaks during the company's annual general meeting in Tokyo on June 20, 2024.Kosuke Okahara | Bloomberg | Getty ImagesSoftBank Group shares tanked nearly 19% on Monday amid a global sell-off, wiping off billions of dollars from founder...
Exclusive: Taurex hires MultiBank alum James Watts as Commercial Director
FNG Exclusive… FNG has learned that Retail FX and CFDs broker Taurex has hired experienced FX industry executive James Watts, as the company’s new Commercial Director in Dubai. James Watts was previously Head of International Sales for MultiBank (2019-2021), Head of...
Binance Offers Zero Maker Fee for VIP 6-8 Users on USDⓢ-Margined Futures
Peter Zhang Aug 05, 2024 11:52 Binance announces a limited-time zero maker fee promotion for VIP 6-8 users on USDⓢ-margined futures, effective from August 7 to October 16, 2024. Binance, a leading cryptocurrency...
Rapid Yen Appreciation: Key Factors Boosting JPY
The Japanese yen continues its recovery rally. The USDJPY pair falls to 143.38 on Monday. This development is likely only the midpoint of the process as the market regains past losses and brings the JPY to equilibrium. USDJPY is currently at its lowest level since 3...
Why unwinding of Yen carry trades can rattle global financial markets, ET BFSI
The so-called Yen carry trade has been in focus in the past few trading sessions in the wake of the selloff in shares of US technology giants. A look at what is Yen carry trade and what it means for the financial markets worldwide:What is a Carry Trade?A carry trade...
Public sector banks’ NPAs on Mudra loans fall to 3.4 pc in 2023-24: Sitharaman, ET BFSI
Public sector banks' non-performing assets associated with the Mudra loan category have declined to 3.4 per cent in the 2023-24 fiscal, Finance Minister Nirmala Sitharaman said on Monday. This marks an improvement from 4.77 per cent in 2020-21, 4.89 per cent in...
Best Crypto Mixers of 2024
People who want to use cryptocurrencies such as Bitcoin have the impression that they are completely anonymous. However, it only appears that cryptocurrencies offer anonymous transactions. For example, you don’t have to provide your personal information to use Bitcoin...
SBI Research warns of prolonged war for deposits, impacting on policy transmission, ET BFSI
The State Bank of India's economic research team has said that the ongoing competition for deposits could extend, potentially leading to a paradox of higher deposit rates even amidst impending rate cuts. This scenario, according to the team, arises from the...
Short extension granted for Hargreaves Lansdown offer by CVC, Nordic Capital, SCSP
Hargreaves Lansdown plc (LON:HL) today provided an update on its discussions with CVC Advisers Limited, Nordic Capital XI Delta, SCSP, and Platinum Ivy B 2018 RSC Limited. On 19 July 2024, the independent Board of Hargreaves Lansdown announced that the consortium was...
Binance P2P Expands Trading Pairs with African Fiat Currencies
Alvin Lang Aug 05, 2024 10:32 Binance P2P now supports trading pairs for Solana, TRON, USD Coin, Worldcoin, and Ripple against various African fiat currencies. Binance P2P has announced the addition of new...
Global Stock Rout as Nasdaq 100 Futures Falls 6%, Safe Havens Bid
Global markets extend losses, Nikkei plummets, Nasdaq 100 enters correction territory. Selloff attributed to recession fears, profit-taking, and geopolitical tensions. Goldman Sachs raises recession odds, Australian government increases terrorism threat level. Nasdaq...
Avoid aggressive bets as markets may see volatility spike, ET BFSI
Technical analysts advise avoiding aggressive bets until global market conditions stabilise. If Nifty stays below 24,800 and VIX remains above 14.5%, a correction is likely, with key support at 24,540 and 24,210. Stocks like Nykaa, HDFC Bank, Sun Pharma, TCS, GAIL,...
Binance Delays Spot and Margin Trading System Upgrade
Caroline Bishop Aug 05, 2024 10:48 Binance announces the postponement of its Spot and Margin Trading System Upgrade originally scheduled for August 6, 2024. Binance, a leading cryptocurrency exchange, has...
RBI unlikely to cut repo rate on August 8 monetary policy: Experts, ET BFSI
New Delhi [India], August 5 (ANI): The Reserve Bank of India (RBI) is unlikely to change the repo rate, say experts. The three-day monetary policy committee (MPC) meeting to decide on policy rates begins tomorrow, August 6.The RBI's repo rate, currently at 6.5 per...
Nifty fear gauge India VIX jumps over 60%, biggest surge since 2015, ET BFSI
The India Volatility Index (VIX) spiked over 60% on Monday, marking its largest increase since 2015 and reflecting the intensifying market sell-off in line with global trends.The India VIX has crossed levels of 23 with a significant jump of 61.7% on Monday.Indian...
Crypto Investors Have Lost Their Nerve
Market picture The cryptocurrency market was hit by a sell-off over the weekend, the likes of which haven’t been seen in a long time. We would not have been surprised to see such a sell-off before the halving due to the last takeout of buyers before the start of...
FCA cancels OSIRIS Capital Partners’ permission to carry on regulated activities
The UK Financial Conduct Authority (FCA) has decided to cancel the Part 4A permission of OSIRIS Capital Partners LLP. The effect of the cancellation is that the firm no longer has permission to carry on any regulated activities. The firm was authorised by the...
Ford turns fleet business into profit driver. GM, Stellantis want in
2023 Ford Super Duty F-350 LimitedFordDETROIT — A once "dirty" word, and business, in the automotive industry has become a multibillion-dollar battleground for U.S. automakers, led by Ford Motor.The Dearborn, Michigan-based automaker has turned its fleet business,...
Bitcoin briefly drops below $50,000 for the first time since February
Bitcoin fell sharply after a sell-off of major U.S. stock indices. Bitcoin has been correlated closely to the price movement of the Nasdaq index.Luke MacGregor | Bloomberg | Getty ImagesCryptocurrencies tumbled amid a global market sell-off spurred by recession...
Banks, NBFCs are bound to adopt a restructuring process for MSMEs without following 2015 framework: SC, ET BFSI
The Supreme Court has held that the banks and Non-Banking Financial Companies (NBFCs) are bound to adopt a restructuring process for Micro, Small and Medium Enterprises (MSMEs) on their own without there being any application by the latter, as directed by the Central...
USD/JPY: Falls to Eight-Month Low, Eyes Key 140.00 Support Zone
USDJPY fell sharply overnight, hitting the lowest since early January, extending steep bear-leg off 155.21 lower top into fifth consecutive day. The pair was down 3.3% in Asian session on Monday, remaining under increased pressure after downbeat US NFP data further...
OANDA Japan to introduce OI market capitalization limit
OANDA Japan Inc, a subsidiary of online broker OANDA Corporation, will introduce open interest market capitalization limit. The change will be implemented at the start of trading on Monday, August 12, 2024. For the NY Server, the total value of all subaccounts will be...
Hong Kong Monetary Authority Announces Tender of 1-Year HONIA-Indexed Floating Rate Notes
Rongchai Wang Aug 05, 2024 09:57 The HKMA will hold a tender for 1-year HONIA-indexed Floating Rate Notes on August 14, 2024, under the Institutional Bond Issuance Programme. The Hong Kong Monetary Authority...
Indian rupee is worst Asian currency in U-turn as yuan carry trades unwind, ET BFSI
By Jaspreet Kalra and Nimesh VoraMUMBAI, - The Indian rupee is now the worst-performing Asian currency -- a U-turn from being the leader in the first half of the year -- pressured by the unwinding of trades that used the Chinese yuan to fund long bets on the local...
Top central banks differ on rates, ET BFSI
Three of the world’s largest central banks took different approaches to interest rates this week as a long-awaited, but potentially short-lived, divergence in monetary policies deepens.The Bank of Japan kicked off the action on Wednesday by unexpectedly hiking before...
Could Data Open the Door to RBNZ Cut Next Week?
Market in crisis mode after Friday’s US labour report An RNBZ rate cut could be on the cards if data weakens China’s problems hamper progress in the region Kiwi in desperate need of good data prints Markets in disarray With the market digesting last week’s events,...
Dinesh Kumar Khara, ET BFSI
Dinesh Kumar Khara, Chairman, SBI, says the bank has to balance the interests of multiple stakeholders and the shareholders are very important stakeholders. The bank has to create value for them and that is the reason SBI always wants to grow but not at the cost of...
Binance Pay to cease support for Pay ID
As Binance conducts regular reviews of its product offerings, Binance Pay will gradually cease support for Pay ID from 2024-08-06 (UTC). Sending and receiving crypto via Binance ID, email, or phone is not impacted. Users are encouraged to start switching to these...
Google, Amazon, Walmart seek to join Indian cenbank’s digital currency project, sources say, ET BFSI
By Jaspreet KalraMUMBAI - GooglePay, Walmart-backed PhonePe and AmazonPay are among five payment firms seeking to join the Indian central bank's digital currency pilot by offering transactions via the e-rupee, three sources directly involved in the discussions said....
Gold Rally in Question – Action Forex
Gold is lower today, but close to recent highs Geopolitics and dollar underperformance support gold Momentum indicators are tentatively bullish Gold is trading lower again today, recording its third consecutive red candle, but remaining a tad below its recent all-time...
India’s BFSI sector to see significant employment surge in H1 FY25: TeamLease, ET BFSI
India's BFSI (Banking, Financial Services, and Insurance) sector is poised for a significant increase in net employment in the first half of FY25, according to a report by staffing firm TeamLease Services. The banking sector is expected to lead this growth, with a...
DIIs close in on FIIs in high-stakes battle, BFSI News, ET BFSI
The gap between foreign institutional investors (FIIs) and domestic institutional investors (DIIs) in corporate ownership in India shrank to a record low of 115 basis points in the April-June quarter, according to data from primeinfobase.com.A basis point is a...
RBI’s MPC unlikely to announce a change in repo rate, according to an ET poll, ET BFSI
The Reserve Bank of India (RBI) is likely to keep interest rates unchanged this week as high food prices prevent any tilt toward softer policy, but easing core inflation and a global turn toward lower borrowing costs could make a case for the central bank to shift to...
IG warns of option markets not pricing
Electronic trading major IG has notified its clients of option markets not pricing in the real world. Responding to a trader’s question in the Community forum, an IG representative stated: “Please note that global option markets are currently not pricing in the real...
Eurozone PMI composite finalized at 50.2, growing at snail’s pace
Eurozone PMI Services was finalized at 51.9 in July, down from June’s 52.8, a 4-month low. PMI Composite was finalized at 50.2, down from June’s 50.9, a 5-month low. These figures indicate a slowing economy as the services sector loses momentum and the industrial...
Binance Pool Introduces KASPA (KAS) Mining with Zero Fees
Alvin Lang Aug 05, 2024 03:39 Binance Pool has launched KASPA (KAS) mining service with zero pool fees during the promotion period from August 5 to November 5, 2024. Binance Pool has officially launched the...
Reliance Capital administrator accuses IIHL of non-compliance with NCLT order, ET BFSI
NEW DELHI: The administrator of Reliance Capital (RCAP) has accused IndusInd International Holdings Ltd (IIHL) of failing to comply with the National Company Law Tribunal (NCLT) order to deposit Rs 2,750 crore in designated escrow accounts. The allegations, presented...
Rising dissent & rains to test RBI’s status quo on key rates, BFSI News, ET BFSI
Mumbai: For the Monetary Policy Committee that is meeting this week, the most significant event since it last assembled in June is not the Federal Reserve Chair's commitment to cut interest rates that would guide global central banks, but the bountiful rains the...
Inflation to remain around 5 per cent this fiscal: SBI report, ET BFSI
New Delhi [India], August 5 (ANI): The Consumer Price Inflation in India is expected to remain around 5 per cent in the financial year 2024-25 except for September and October month, according to a research report by SBI.The report also noted that the inflation...
Crypto update – BTC hovering just over US$53K, ETH is just above US$2280
The global rout has hit crypto as well. ETH/USD is now just above where to was to begin 2024:ps. ETH above 2300 now as I post This article was written by Eamonn Sheridan at www.forexlive.com.
FX option expiries for 5 August 10am New York cut
There aren't any major expiries to take note of on the day. And in any case, this is a market currently driven by emotions more than anything else. As such, that matters more to price action rather than any specific levels on the charts. That especially if you're...
Crypto plunge wipes out $270 billion in value as bitcoin, ether plunge
Nurphoto | Nurphoto | Getty ImagesThe cryptocurrency market plummeted in value on Sunday, as investors continued selling out of risky assets.Led by a drop of 11% in bitcoin in the past 24 hours and a 21% plunge in ether, the overall value of cryptocurrencies sank by...
Elon Musk PAC investigated by Michigan secretary of state
Elon Musk, CEO of SpaceX and Tesla, applauds as Israeli Prime Minister Benjamin Netanyahu addresses a joint meeting of Congress at the U.S. Capitol in Washington, U.S., July 24, 2024. Craig Hudson | ReutersA political action committee backed by billionaire Elon Musk...
Market Rout Deepens Globally: Will ISM Services Provide Relief?
The global market turmoil showed no signs of easing as the week began, with Japanese stocks taking a severe hit during Asian session. Both the Nikkei 225 and Topix indices plunged by as much as nearly -10%, marking a -20% drop from their all-time highs on July 11....
Binance Pay to Phase Out Pay ID Support Starting August 2024
Tony Kim Aug 05, 2024 04:22 Binance Pay will begin phasing out support for Pay ID from August 6, 2024, focusing on enhancing user experience through other payment methods. In a recent announcement, Binance has...
Exness launches biggest-ever brand campaign “Born to Trade”
Exness, one of the world’s largest multi-asset brokers, has just announced the launch of its biggest global brand campaign, “Born to Trade”. Debuting on August 5, alongside a powerful video ad which speaks to its overall narrative, the campaign targets traders who...
Coffee, GBP, Gasoline, Cotton & CAD 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 July 30th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Exclusive: Cboe FX exec Rahul Bowry joins 360T to head APAC sales
FNG Exclusive… FNG has learned that institutional FX platform and services provider 360T has hired experienced FX industry executive Rahul Bowry, as the company’s new Head of Sales APAC. He will be based out of Singapore for his new role at 360T. Rahul Bowry joins...
Trump White House officials endorse Kamala Harris
US Vice President Kamala Harris speaks at a moderated conversation with former Trump administration national security official Olivia Troye and former Republican voter Amanda Stratton on July 17, 2024 in Kalamazoo, Michigan.Chris Dumond | Getty Images News | Getty...
Exclusive: Seeking Alpha VP Marketing Mayer Reich departs
FNG Exclusive… FNG has learned that Seeking Alpha’s Vice President of Marketing, Mayer Reich, has left the company. Mayer Reich joined Seeking Alpha last year, as was also exclusively reported at the time here at FNG, after spending the previous 16 years at RankAbove,...
NVIDIA and Zoox Propel Autonomous Ride-Hailing Innovations
Felix Pinkston Aug 01, 2024 07:00 NVIDIA and Zoox celebrate a decade of collaboration, showcasing advancements in autonomous ride-hailing with cutting-edge technology and simulation. NVIDIA and Zoox have marked...
Retiring Corvette ‘godfather’ on EVs, spinoff and a performance SUV
2025 Chevrolet Corvette ZR1 Coupe with ZTK Performance Package.DETROIT — Tadge Juechter's first "taste" of Corvette working at General Motors was to research whether there were enough Americans who could afford a new high-performance model of the famed sports car,...
CleanSpark (CLSK) to Discuss Q3 2024 Financial Results in Upcoming Webcast
Luisa Crawford Aug 01, 2024 08:34 CleanSpark Inc. (CLSK) will discuss its fiscal third quarter 2024 financial results via a live webcast on August 8, 2024. CleanSpark Inc. (Nasdaq: CLSK), a prominent Bitcoin...
Kudos sustainable diapers set to launch in Target stores
Kudos diapers founder Amrita Saigal with her daughterCourtesy: KudosThroughout modern history, parents have only had one real option when it comes to disposable diapers: plastic.The single-use products are typically made with fossil fuels like petroleum and can take...
Stellar (XLM) Development Foundation Reports Major Growth in Q2 2024
James Ding Aug 01, 2024 09:23 Stellar (XLM) Development Foundation's Q2 2024 report highlights significant growth in network addresses, asset tokenization, and Soroban smart contracts. The Stellar (XLM)...
Binance Pay Offers Up to 35 USDT in New Conversion Campaign
Felix Pinkston Aug 01, 2024 10:16 Binance Pay users can win up to 35 USDT by participating in a new conversion campaign running from August 1 to August 15, 2024. Binance, a leading cryptocurrency exchange, has...
Animoca Brands Partners with Lukka for Enterprise Data Management, Makes Strategic Investment
James Ding Aug 01, 2024 11:22 Animoca Brands selects Lukka for enterprise data management and receives a strategic investment from Animoca Capital. Animoca Brands has announced its selection of Lukka as its...
OKX Ventures and Aptos Foundation Introduce $10M Ecosystem Growth Fund
Timothy Morano Aug 01, 2024 12:11 OKX Ventures and Aptos Foundation have announced a $10M fund to support the growth of the Aptos ecosystem and Web3 adoption. OKX Ventures, the investment arm of leading crypto...
FX week in review: Capital.com MENA expansion, XTB results disappoint, Hantec brand refresh, IC Markets hires GM
What are Capital.com’s plans for expansion in the MENA region, out of its growing office in the UAE led by Tarik Chebib? What led to a significant decline in Revenues (-31%) and Profits (-47%) at XTB.com in Q2-2024? What are the top marketing mistakes made by brokers?...
Top 10 Charts Highlight Significant Trends in Crypto for H1 2024
James Ding Aug 01, 2024 14:53 Binance Research reveals key insights from H1 2024, showing a 44% rise in crypto market cap and notable performances from Bitcoin and Ether. The first half of 2024 has been a...
Biden voices hope Iran will stand down but is uncertain
U.S. President Joe Biden delivers remarks to commemorate the 60th anniversary of the signing of the Civil Rights Act at the LBJ Presidential Library in Austin, Texas, U.S., July 29, 2024. Elizabeth Frantz | ReutersU.S. President Joe Biden expressed hope Iran would...
Bitfarms (BITF) to Host Q2 2024 Conference Call on August 8
Timothy Morano Aug 01, 2024 15:19 Bitfarms Ltd. announces its Q2 2024 financial results and schedules a conference call for August 8, 2024, at 8:00 am EST. Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically...
Essential Guide for Studios: Choosing the Right Blockchain for Web3 Games
Zach Anderson Aug 04, 2024 06:19 Discover how to choose the right blockchain for Web3 game development. Learn about gaming-focused platforms, security, scalability, and ecosystem support. The burgeoning field of...
Binance Schedules Brief System Upgrade for Spot and Margin Trading
Darius Baruo Aug 01, 2024 17:37 Binance announces a scheduled system upgrade for its Spot and Margin Trading services on August 6, 2024, lasting approximately 10 minutes. Binance, a leading cryptocurrency...
CleanSpark (CLSK) Executes 75 MW Power Contracts and Acquires Bitcoin Mining Site in Wyoming
Luisa Crawford Aug 02, 2024 01:08 CleanSpark has executed 75 MW of power contracts and acquired a Bitcoin mining site in Wyoming, expanding its operations significantly. CleanSpark Inc. (Nasdaq: CLSK), a...
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF’s decline form 0.9928 resumed last week and accelerated to as low as 0.9352. Initial bias remains on the downside this week for 100% projection of 0.9928 to 0.94767 from 0.9772 at 0.9320.Strong support could emerge above 0.9252 low to bring rebound. But near...
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP’s rise from 0.8382 accelerated higher last week and the strong break of 0.8498 resistance argues that fall form 0.8643 has completed with five waves down to 0.8382. Initial bias stays on the upside this week for channel resistance (now at (now at 0.8560)....
Uniswap (UNI) Labs Collaborates with KidSuper for Limited-Edition Merch Collection
Rongchai Wang Aug 02, 2024 01:50 Uniswap (UNI) Labs partners with Brooklyn-based designer KidSuper for a unique merch collection launching August 5th. Uniswap (UNI) Labs has announced an exciting collaboration...
Bitcoin (BTC) Heads to Washington in July 2024
Lawrence Jengar Aug 02, 2024 02:23 Bitcoin (BTC) is set to make a significant impact in Washington this July 2024, according to Grayscale's latest market commentary. Bitcoin (BTC) is poised to make its presence...
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY’s fall from 175.41 continued last week accelerated further. This decline is now seen as a larger scale correction. Initial bias remains on the downside for 155.91 fibonacci level next. On the upside, above 163.41 minor resistance will turn intraday bias...
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY’s fall from 208.09 continued last week and accelerated further. This decline is as correcting the whole rally from 148.93. Initial bias stays on the downside this week for 185.49 fibonacci level. On the upside, above 193.23 minor resistance will turn intraday...
NVIDIA Launches GenAI-Perf for Optimizing Generative AI Model Performance
Timothy Morano Aug 02, 2024 02:46 NVIDIA introduces GenAI-Perf, a new tool for benchmarking generative AI models, enhancing performance measurement and optimization. NVIDIA has unveiled a new tool, GenAI-Perf,...
USD/CAD Weekly Outlook – Action Forex
USD/CAD’s rise from 1.3176 resumed by breaking through 1.3845 resistance last week. Initial bias stays on the upside this week for 61.8% projection of 1.3176 to 1.3845 from 1.3588 at 1.4025 next. For now break of 1.3786 support is needed to indicate short term...
Harris campaign fires back at Trump for Fox debate offer stunt
Republican presidential nominee and former U.S. President Donald Trump and U.S. Vice President Kamala Harris.Andrew Kelly | Evelyn Hockstein | ReutersThe Harris campaign on Saturday called out former President Donald Trump for trying to shift the terms of the Sept. 10...
GitHub Models: Revolutionizing AI Engineering for Over 100 Million Users
Alvin Lang Aug 02, 2024 03:16 GitHub introduces GitHub Models, enabling developers to leverage industry-leading AI models directly on the platform. GitHub has announced the launch of GitHub Models, a new...
AUD/USD Weekly Report – Action Forex
AUD/USD edged lower to 0.6479 last week but turned sideway since then. Initial bias stays neutral this week for some more consolidations. But further decline is expected as long as 0.6609 minor resistance holds. Break of 0.6479 will resume the fall from 0.6798 to...
GBP/USD Weekly Outlook – Action Forex
GBP/USD’s fall from 1.3043 extended to 1.2706 last week but recovered since then. Initial bias remains neutral this week and further fall is in favor as long as 1.2863 resistance holds. Below 1.2706 will target 1.2612 support first. Decisive break there should confirm...
LangChain Unveils LangGraph Studio: The First IDE for Agent Development
Joerg Hiller Aug 02, 2024 03:50 LangChain introduces LangGraph Studio, a specialized IDE for developing, visualizing, and debugging agentic applications, now available in open beta. LangChain has announced the...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Aug 3, 2024 14:38 UTC | Updated: Aug 3, 2024 at 14:38 UTC By Clark After issuing a Shiba Inu (SHIB) price prediction that played out veraciously, a Solana (SOL) millionaire has forwarded a bold claim, asserting that RCO Finance (RCOF), an...
USD/JPY Weekly Outlook – Action Forex
USD/JPY’s fall from 161.94 accelerated lower last week and there is no sign of bottoming yet. Initial bias stays on the downside this week for 140.25 support next. On the upside, above 150.88 minor resistance will turn intraday bias neutral and bring consolidations...
Understanding DAOs: The Future of Decentralized Governance
Rongchai Wang Aug 02, 2024 04:26 Explore how Decentralized Autonomous Organizations (DAOs) utilize blockchain for transparent and democratic governance, supported by Sui's tools like zkLogin and Sponsored Transactions. ...
Summary 8/5 – 8/9
Monday, Aug 5, 2024 Tuesday, Aug 6, 2024 Wednesday, Aug 7, 2024 Thursday, Aug 8, 2024 Friday, Aug 9, 2024 The post Summary 8/5 – 8/9 appeared first on Action Forex.
Riot Platforms Acquires 16.9% Stake in Bitfarms Ltd.
Rebeca Moen Aug 03, 2024 13:04 Riot Platforms, Inc. reports a significant stake increase to 16.9% in Bitfarms Ltd., aiming to influence the company's board composition. Riot Platforms, Inc. (NASDAQ: RIOT) has...
Market Turmoil Intensifies With Deepening Recession Fears
The financial markets were marked by significant turbulence this last week again, dominated by risk aversion. Evidence are surfacing that the US economy is heading for a recession, or even hard landing. Speculation is mounting that Fed might be compelled to implement...
EUR/USD Weekly Outlook – Action Forex
While the dip to 1.0776 was deeper than expected, EUR/USD’s subsequent strong rebound suggests that pullback from 1.0947 has completed already. Initial bias stays on the upside for retesting 1.0947 first. Firm break there will target 100% projection of 1.0665 to...
Wormhole Unveils Native Token Transfers (NTT) Framework for Seamless Cross-Chain Transactions
Timothy Morano Aug 02, 2024 05:06 Wormhole introduces the Native Token Transfers (NTT) framework, offering a flexible, open-source solution for transferring tokens across blockchains, ensuring security and composability. ...
Paris Summer Olympics viewership rises, with Snoop Dogg creating buzz
Snoop Dogg attends the Artistic Gymnastics Women's Qualification on day two of the 2024 Paris Olympic Games at Bercy Arena in Paris on July 28, 2024.Arturo Holmes | Getty Images Sport | Getty ImagesMillions of viewers in the U.S. are tuning into the Summer Olympics in...
Bank of India clocks 10 pc rise in Q1 net profit at Rs 1,703 crore, ET BFSI
New Delhi, Government-owned Bank of India on Saturday reported a 10 per cent increase in its net profit to Rs 1,703 crore in the April-June quarter of the current financial year, compared to Rs 1,551 crore in the same quarter last year. Net Interest Income (NII), a...
USD/CHF Weekly Outlook – Action Forex
USD/CHF’s fall from 0.9223 accelerated lower last week and there is no sign of bottoming yet. Initial bias remains on the downside this week and deeper decline would be seen to retest 0.8332 low. On the upside, above 0.8662 minor resistance will turn intraday bias...
NVIDIA Introduces AI-Powered Shopping Advisor for Personalized Retail Experiences
Tony Kim Aug 02, 2024 05:47 NVIDIA unveils an AI-powered retail shopping advisor, enhancing customer interactions with personalized recommendations and real-time data integration. NVIDIA has announced the launch...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD’s rise from 1.5996 extended through 1.6742 resistance last week despite interim pullback. The development strengthens the case that corrective fall from 1.7062 has completed with three waves down to 1.5998. Initial bias is on the upside this week for retesting...
Exploring Decentralized Energy: A Comprehensive Reading List
Lawrence Jengar Aug 02, 2024 06:15 Discover essential resources for understanding decentralized energy and its intersection with crypto and the energy grid. Decentralized energy is an emerging field where...
Tracing the Evolution of Foundational AGI Theories
Jessie A Ellis Aug 02, 2024 06:50 Explore the historical development and core theories of Artificial General Intelligence (AGI), from Turing's early concepts to modern advancements. The dream of Artificial...
Buffett’s sales of Bank of America top $3.8 bln, ET BFSI
By Jonathan Stempel- Berkshire Hathaway, run by billionaire Warren Buffett, extended its selling of Bank of America shares, and has shed more than $3.8 billion of the second-largest U.S. bank's stock since mid-July.Berkshire sold approximately 19.2 million Bank of...
Bitcoin Fends Off Bear Attack, Clinging to Levels
Market picture The crypto market lost 0.75% in 24 hours to $2.29 trillion. A day earlier, we noted a decline in cryptocurrencies in contrast to the positivity in equities on Wednesday, and then synchronised selling prevailed on Thursday. Meanwhile, the sentiment index...
RBI approves extension of Unity Small Finance Bank MD, BFSI News, ET BFSI
Kolkata: The Reserve Bank of India has approved the re-appointment of Inderjit Camotra as managing director & chief executive officer of Unity Small Finance Bank.The central bank approved his extension for another two years.Unity Small Finance Bank was promoted by...
Ethereum Developers Discuss Pectra Upgrade and Quantum Resistance in Latest ACDE Call
Jessie A Ellis Aug 02, 2024 08:39 Ethereum developers discuss Pectra upgrade, EIP 7212, and quantum resistance in ACDE Call #193, chaired by Tim Beiko. On August 1, 2024, Ethereum protocol developers convened...
Finance Minister Nirmala Sitharaman to address RBI board on Aug 10, ET BFSI
Finance Minister Nirmala Sitharaman is scheduled to address the Reserve Bank of India's central board on August 10 and highlight key points of the Budget FY25, including the fiscal consolidation roadmap. The post-budget meeting has been scheduled for August 10 where...
EUR/CHF: Medium-Term Global Risk-Off Kickstarts
Further weakness in the US ISM Manufacturing PMI & Employment sub-component increases the risk of a hard landing scenario. A Fed interest rate cut that is implemented late in the US economic cycle where a downturn may be already in motion sees the evaporation of...
PAT rises marginally YoY to Rs 17,035 crore, beats estimates, ET BFSI
Public sector lender State Bank of India (SBI) on Saturday reported a standalone net profit of Rs 17,035 crore for the quarter ended June 30, 2024, which was up by 0.9% over Rs 16,884.29 crore reported by the company in the year-ago period. It was higher than the...
Trump agrees to Fox News offer of debate with U.S. Vice President Kamala Harris on Sept. 4
Republican presidential nominee and former U.S. President Donald Trump and U.S. Vice President Kamala Harris.Andrew Kelly | Evelyn Hockstein | ReutersU.S. Republican presidential nominee Donald Trump has agreed to an offer from Fox News to hold a debate with...
RBI highlights inconsistencies in BDDR treatment; issues revised instructions to standardise co-operative banks’ practices, ET BFSI
The RBI on Friday said that the central bank's recent observations reveal inconsistencies in how Bad and Doubtful Debt Reserve (BDDR) is treated, particularly regarding its alignment with Accounting Standards (AS) and regulatory norms.Several co-operative banks...
India may take 75 years to reach 1/4th of US income per capita: World Bank, ET BFSI
NEW DELHI: India may take nearly 75 years just to achieve one-fourth of US income per capita, as per a recent World Bank report that offers the first extensive blueprint for developing countries to overcome the "middle-income trap."More than 100 countries, including...
Weekly Economic and Financial Commentary: The Downside Risks to the Employment Mandate Are Real Now
Summary United States: “The Downside Risks to the Employment Mandate Are Real Now” We have just concluded what will become a historic week. The July employment report brought with it a crossing of the Sahm Rule threshold. That means we’re either headed for recession,...
HKMA Issues Alert on Fraudulent Websites Impersonating Dah Sing Bank
Darius Baruo Aug 02, 2024 09:34 The HKMA warns the public about fraudulent websites and internet banking login screens mimicking Dah Sing Bank, urging vigilance and caution. The Hong Kong Monetary Authority...
Will banks continue to do heavy lifting for indices amid earning challenges?, ET BFSI
The last two weeks have been unusually busy for analysts. On one side, they had to track and listen to numerous earning calls, while on the other, they had to deal with the Union govt’s Budget arriving right in the middle of the earning season. Since the Budget...
AP review of Venezuela opposition-provided vote tallies casts doubt on government’s election results
An AP analysis of vote tally sheets released Friday by Venezuela's main opposition indicates that their candidate won significantly more votes in Sunday's election than the government has claimed, casting serious doubt on the official declaration that President...
RBI to keep rates unchanged, retain stance amid food inflation: Goldman Sachs, ET BFSI
The Reserve Bank of India (RBI) is likely to keep interest rates unchanged at the August 8 meeting and retain the monetary policy stance of withdrawal of accommodation amid food inflation concerns, according to Goldman Sachs."With 1H CY24 headline inflation still...
The Weekly Bottom Line: It’s A Different World
U.S. Highlights Nonfarm payroll gains came in lower than expected in July, with the unemployment rate heading higher. The numbers add to other data suggesting that the U.S. labor market is losing steam. While the Federal Reserve held rates steady at their July meeting...
Character.AI Enters Agreement with Google, Announces Leadership Changes
Lawrence Jengar Aug 03, 2024 05:59 Character.AI announces a strategic agreement with Google and key leadership changes to accelerate the development of personalized AI products. Character.AI has announced a...
India’s forex reserves come off record highs, fall to $667.39 billion as on July 26, ET BFSI
After jumping to record-high, India’s forex reserves dipped by $3.47 billion to $667.39 billion for the week ending on July 26, data shared by the Reserve Bank of India (RBI) showed on Friday.Previously, country's forex reserves jumped by $4.00 billion to hit an...
Digital set to grab lion’s share of bank deposits and credit disbursals, says RBI survey, ET BFSI
Banks' deposit mobilisation and credit disbursal through digital modes are set to experience exponential growth, according to a recent survey by the Reserve Bank of India (RBI). Conducted in March 2024, the survey covered 25 banks and 68 non-banking financial...
About 72% of taxpayers opt for new tax regime for AY 2024-25, BFSI News, ET BFSI
A substantial 72% of taxpayers who filed income tax returns for the assessment year 2024-25 (April-March) have opted for the new tax regime, according to the finance ministry. In contrast, only 28% chose to remain with the old tax regime.As of July 31, the deadline...
Tech stocks see steep three-week slump, led by Amazon, Intel
Signage outside the Nasdaq MarketSite in New York on March 23, 2023.Stephanie Keith | Bloomberg | Getty ImagesWith quarterly earnings from tech's mega-cap companies largely in the rearview mirror, one thing is clear: Wall Street is nervous.The Nasdaq Composite slumped...
Eli Lilly Zepbound, Mounjaro available after shortages, FDA says
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.Brendan McDermid | ReutersAll doses of Eli Lilly's highly popular weight loss injection Zepbound and diabetes drug Mounjaro are now available in the U.S.,...
Exchanged prisoner Yashin condemns his ‘illegal expulsion’ from Russia
Russian political prisoner Ilya Yashin, who was released after a major prisoner exchange, gives a press conference in Bonn, Germany.Anadolu | Anadolu | Getty ImagesIlya Yashin, a Russian opposition activist freed from jail in Thursday's prisoner swap, pledged to carry...
Markets Weekly Outlook – Rising US Job Fears, Geopolitics in the Spotlight
US jobs data underwhelmed, triggering the SAHM rule, signaling a likely recession. The Magnificent 7 tech companies have lost nearly $1.75 trillion in market capitalization over the past 10 days. Rate cut bets for the US face significant revisions with recessionary...
AssemblyAI’s Python SDK Surpasses 100K Monthly Downloads with New Tutorials
Luisa Crawford Aug 03, 2024 06:35 AssemblyAI's Python SDK hits 100,000 monthly downloads, supported by fresh tutorials and community engagement. AssemblyAI's Python SDK has reached a significant milestone by...
Indian banks want customers, but no smartphones please, BFSI News, ET BFSI
In the past year, more than 600 Indian banks moved $2.5 trillion, or 80% of gross domestic product, between customer accounts. All these transactions originated on smartphones, with people paying a mobile number, or settling bills by scanning QR codes.It’s surprising,...
Ex-Google engineers from Character.AI re-join company with AI partnership
Pavlo Gonchar | Lightrocket | Getty ImagesFounders of one of the hottest AI startups Character.AI are re-joining Google along with other team members.Noam Shazeer and Daniel De Freitas, in addition to certain members of Character.AI's research team, are joining...
Hunter Biden gun case sentencing Nov. 13, after election
Hunter Biden, son of U.S. President Joe Biden, and his wife Melissa Cohen Biden arrive at the federal court during his trial on criminal gun charges in Wilmington, Delaware, U.S., June 5, 2024. Kevin Lamarque | ReutersHunter Biden will be sentenced in his criminal gun...
KukuFM Triples Audio Production Capacity with ElevenLabs Integration
Jessie A Ellis Aug 02, 2024 11:25 KukuFM has significantly increased its audio series production capacity by integrating with ElevenLabs' AI text-to-speech technology. KukuFM, a leading audio content platform,...
Mortgage rates plunge to the lowest level in over a year
A for sale sign in front of a home in Arlington, Virginia, on August 22, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesThe average rate on the popular 30-year fixed mortgage dropped 22 basis points to 6.4% Friday, according to Mortgage News Daily. That is the...
US non-farm payrolls grow 114k in Jul, unemployment rate rises to 4.3%
US non-farm payroll employment grew only 114k in July, well below expectation of 176k. That’s all well below average monthly gain of 215k over the prior 12 months. Unemployment rate jumped from 4.1% to 4.3%, above expectation of 4.1%. Participation rate ticked up by...
200+ cooperative, rural banks face outage after malware attack, ET BFSI
MUMBAI: More than 200 cooperative and regional rural banks are experiencing outages because of a ransomware attack. Following the attack, the National Payments Corporation of India disconnected their core banking provider C-Edge Technologies - a technology company...
Google pulls AI ad for Olympics following backlash
Google pulled an ad it showed during the Olympics which touted its AI chatbot Gemini writing a fan letter to an athlete.Google has pulled an Olympics ad for its chatbot Gemini from airwaves following backlash for the way it depicts a little girl using artificial...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 148.42; (P) 151.16; (R1) 152.72; More… USD/JPY’s steep decline from 161.94 reaccelerates to as low as 147.01 so far. There is no sign of bottoming yet and intraday bias stays on the downside. Next target is 140.25 fibonacci level. On the upside,...
Delta CEO offers employees free flights after CrowdStrike-Microsoft chaos
Ed Bastian, chief executive officer of Delta Air Lines Inc., speaks during a keynote at CES 2020 in Las Vegas, Nevada, U.S., on Tuesday, Jan. 7, 2020.Bridget Bennett | Bloomberg | Getty ImagesDelta Air Lines CEO Ed Bastian on Friday offered employees two free travel...
BNB Chain Expands with New Telegram Mini Games
Ted Hisokawa Aug 02, 2024 12:15 Explore the latest Telegram Mini Games on BNB Chain, including Eggdrop, Let’s Throw Slime, and Treasure Quests, enhancing Web3 adoption. The world of Telegram Mini-Games is...
Kotak to buy IDBI Bank? RBI identifies eligible bidders for state bank’s stake sale, ET BFSI
The Reserve Bank of India has completed its review of potential buyers for a majority stake in IDBI Bank, approving Fairfax Financial Holdings, Emirates NBD and Kotak Mahindra Bank as bidders, three sources aware of the development said on Thursday.The Indian...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8753; (P) 0.8797; (R1) 0.8823; More… USD/CHF’s decline from 0.9223 continues today and break of near term falling channel support indicates downside acceleration. Intraday bias stays on the downside. Sustained trading below 61.8% retracement of...
Jeff Bezos investing big in AI through his family office
Jeff Bezos at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho.David Grogan | CNBCA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2830; (P) 1.2847; (R1) 1.2873; More… Intraday bias in GBP/USD is turned neutral first with current strong recovery. Another fall will remain in favor as long as 1.2863 resistance holds. Below 1.2706 will target 1.2612 support. However, firm break...
Indian banks allocate only 5% revenue on IT spends, BFSI News, ET BFSI
Indian banks allocate a lower percentage of their revenue to IT spending compared to global peers, a report by Boston Consulting Group has pointed out. Global banks typically invest 7% - 9% of their revenue on IT costs while Indian banks allocate only up to 5%, it...
Tezos Enhances Mobile Gaming Industry with Innovative Tools
Terrill Dicki Aug 02, 2024 12:31 Tezos introduces innovative tools to transform the mobile gaming industry, addressing challenges and unlocking new opportunities for developers. Tezos is making waves in the...
Kamala Harris raised $310 million for Trump election contest
Vice President and 2024 Democratic presidential candidate Kamala Harris speaks at a campaign event in Atlanta, Georgia, on July 30, 2024.Elijah Nouvelage | Afp | Getty ImagesThe presidential campaign of Vice President Kamala Harris said Friday that its political...
US: Job Market Continued to Cool in July, Markets Up Ante on Rate Cuts
Non-farm employment rose by 114k in July, considerably below the consensus forecast calling for a larger gain of 175k. Job gains in the two prior months were revised a bit lower, subtracting a combined 29k from the previously reported figures. Private payrolls rose...
Arkham CEO Miguel Morel to Speak at Istanbul Blockchain Week
Iris Coleman Aug 02, 2024 14:02 Arkham CEO Miguel Morel is set to speak at Istanbul Blockchain Week, featuring in a keynote, panel, and workshop. Arkham Intelligence's Founder and CEO, Miguel Morel, is scheduled...
XTB Revenues drop 31%, Profit off 47% in slow Q2 2024
Following a set of record results in Q1, Poland based Retail FX and CFDs broker XTB has reported its preliminary results for Q2 2024 indicating a major decrease in activity, leading to lower Revenues and Profit at the company. Revenues at XTB for the second quarter of...
all you need to know, BFSI News, ET BFSI
A ransomware attack on C-Edge Technologies, a major banking technology provider in India, on Wednesday caused a temporary shutdown of payment systems at nearly 300 small local banks.The Mumbai-based technology company is in the advanced stage of hiring a forensic...
Swiss Franc Jumps After Soft US Job Numbers
The Swiss franc has posted sharp gains in the North American session on Friday. USD/CHF is currently trading at 0.8754, up 0.86% on the day. The Swiss franc is on a roll and is trading at its highest level since the end of January. Swiss inflation declined 0.2%, in...
Ripple (XRP)’s Q2 2024 XRP Markets Report Highlights Volatility and Regulatory Wins
Iris Coleman Aug 02, 2024 15:43 Ripple (XRP)'s Q2 2024 XRP Markets Report details market volatility, regulatory updates, and significant industry developments. Ripple (XRP) has released its Q2 2024 XRP Markets...
Black jobs swipe at Trump after Olympics gold
Simone Biles of Team United States reacts after competing on the vault during the Artistic Gymnastics Women's Qualification on day two of the Olympic Games Paris 2024 at Bercy Arena on July 28, 2024 in Paris, France.Jamie Squire | Getty Images Sport | Getty...
New Highs as Fed Rate Cut Looms :: InvestMacro
By RoboForex Analytical DepartmentThe price of gold (XAUUSD) continues its upward trajectory, hitting a new peak at 2460 USD per troy ounce on Friday. The surge in gold prices is largely driven by growing expectations that the US Federal Reserve will soon reduce...
NASA may return Starliner astronauts on Boeing or SpaceX
Boeing spacecraft Starliner is seen from the window of SpaceX's Dragon capsule "Endeavour" on July 3, 2024 while docked with the International Space Station during the crew flight test.NASANASA management has been in deep discussion this week about whether to return...
Decline in debit cards transaction volume by 13%, credit cards witness uptick in June 2024, ET BFSI
According to latest data by 1Lattice, on a year on year basis, debit cards transaction volume has decreased by a massive 13 per cent while the value of transactions decreased by approximately 7 per cent in June 2024. On the other hand, credit cards transaction volume...
UK cancels £1.3 billion of tech and AI infrastructure projects
LONDON, UK - JUNE 12: The 9th edition of the Artificial Intelligence Summit kicks off with the participation of international technology companies, in London, United Kingdom on June 12, 2024. (Photo by Rasid Necati Aslim/Anadolu via Getty Images)Anadolu | Anadolu |...
Sunset Market Commentary – Action Forex
Markets Markets are trembling. US payrolls missed expectations by a significant margin as employment only grew by 114k (175k consensus). Last month’s reading was revised down by about 30k. The unemployment rate unexpectedly rose to 4.3%, the highest since Oct 2021,...
NVIDIA Grace Family: Revolutionizing Data Center Efficiency
Luisa Crawford Aug 02, 2024 15:21 NVIDIA's Grace CPU family aims to meet the growing demands for data processing with high efficiency, leveraging Arm Neoverse V2 cores and a new architecture. The exponential...
DJT shares soar, Trump Media rolls out TV streaming
STR | Nurphoto | Getty ImagesTrump Media said Friday it has started rolling out a TV streaming service that aims to air "neglected" content on its social media platform Truth Social.The company's stock price, which trades under the ticker DJT on the Nasdaq, jumped...
RBI okay with Tata Sons road map to avoid street, BFSI News, ET BFSI
Mumbai: The Reserve Bank of India (RBI) is said to be agreeable to a restructuring plan proposed by Tata Sons seeking a waiver for the mandatory listing of the group’s holding company. The Tata Group holding company has already implemented parts of the plan, including...
July Employment: That Was Sahm Jobs Reports
Summary The ongoing deterioration in the jobs market was on full display in the July Employment report. Nonfarm payrolls posted the second smallest gain in 3.5 years with an increase of 114K, average hourly earnings growth eased to 3.6% year-over-year and the...
Canada’s July Employment Report Will Confirm a Weaker Labour Market
The Canadian jobs report for July next Friday is expected to show more softening in the labour market. Employment gains have already slowed substantially into the summer, and we expect July will be no exception with 15,000 new jobs added. Against a still rapidly...
Exclusive: ATFX Connect hires Taurex exec Amer Zino as Director of Business Development
FNG Exclusive… FNG has learned that leading Retail FX and CFDs broker ATFX has continued a recent hiring spree of senior executives, adding Dubai based Amer Zino as Director of Business Development for its ATFX Connect institutional services arm. Amer Zino joins ATFX...
HSBC India’s profit up 7% to $798 million, BFSI News, ET BFSI
Profit from Hong Kong and Shanghai Banking Corp Ltd’s (HSBC) Indian operations increased 4% year on year led by a 7 per cent growth in both its global banking and markets division and commercial banking business.Profit before tax from India increased to $798 million...
SEBI, BFSI News, ET BFSI
The Securities and Exchange Board of India will soon notify the regulations on finfluencers, Madhabi Puri Buch, Chairperson of SEBI, said during an event held at NSE on Tuesday.During the event, SEBI Chairperson said, "We recently had a regulation which we will be...
UK’s New Tech Policy Could Catalyze Economic Growth Through Blockchain
Caroline Bishop Aug 02, 2024 14:51 The UK stands at a critical juncture to boost economic growth by fostering new tech policies, particularly in blockchain, according to a16z crypto. The UK stands at a pivotal...
DraftKings to tax winning bets in some states in a bid to boost profit
Budrul Chukrut | SOPA Images | Lightrocket | Getty ImagesMobile betting powerhouse DraftKings is planning a tax on consumers in states with the highest sports betting tax rates, as the company looks to boost profit.The company announced Thursday that starting next...
USD/JPY Outlook: Falls Further on Weaker than Expected NFP Numbers
USDJPY fell sharply (down 1% in immediate reaction to US jobs data) after US NFP dipped well below expectations in July (114K vs 176K f/c), while June’s figure was revised down to 179K from initial 206K. Unemployment unexpectedly rose to 4.3% in July from 4.1% June /...
Amazon stock down 12% after third-quarter outlook disappoints
Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesAmazon shares plunged as much as 12% on Friday, a day after the company reported mixed...
Revenue from retail investment intermediation in the UK marks slight decrease in 2023, FCA data shows
The UK Financial Conduct Authority (FCA) today posted its latest analysis of the intermediary sector based on data drawn from the Retail Mediation Activities Return (RMAR) for 2023. Firms that provide advice on, or arrange, mortgages, insurance policies or retail...
Aditya Birla Cap net profit rises 17 pc to Rs 759 cr in April-June, ET BFSI
Mumbai, Non-bank lender Aditya Birla Capital on Thursday reported a 17 per cent increase in its consolidated net profit in June 2024 quarter at Rs 759 crore. The city-headquartered firm, which houses all the financial services businesses of the Aditya Birla Group, had...
PBOC and HKMA Sign MOU on Cross-Boundary Payment System Linkage
Rongchai Wang Aug 02, 2024 14:17 The PBOC and HKMA have signed a Memorandum of Understanding to link payment systems between Mainland China and Hong Kong. The People's Bank of China (PBOC) and the Hong Kong...
Elon Musk PAC data backs Trump over Harris in election
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | ReutersIf a voter in Michigan performs a...
Week Ahead – RBA and BoJ Summary of Opinions Take Center Stage
RBA decides on policy as hike bets disappear BoJ Summary of Opinions awaited for more hike hints After Fed, dollar turns to ISM non-mfg PMI New Zealand and Canada jobs data also on tap Will the RBA turn dovish? Following the BoJ, the Fed, and the BoE decisions this...
Sebi targets reduction in fundraising time, BFSI News, ET BFSI
India's markets regulator is working to streamline the fundraising process for companies and simplifying public offer documents for investors, Chairperson Madhabi Puri Buch said on Friday.The Securities and Exchange Board of India (SEBI) is working to merge rights...
Morgan Stanley wealth advisors can pitch bitcoin ETFs
Morgan Stanley on Friday told its army of financial advisors that it will soon allow them to offer bitcoin ETFs to some clients, a first among major Wall Street banks, CNBC has learned.The firm's 15,000 or so financial advisors can solicit eligible clients to purchase...
Bitcoin Nashville 2024: Key Takeaways from the Historic Conference
Felix Pinkston Aug 02, 2024 13:28 Bitcoin Nashville 2024 gathered industry leaders, politicians, and enthusiasts to discuss Bitcoin's future and its impact on society, politics, and technology. Bitcoin Nashville...
Stock indices sold off on concerns that the Fed is behind on rate cuts. :: InvestMacro
By JustMarketsOn Thursday, US indices were declining, with the Dow Jones (US30) Index down 1.21% and the S&P 500 (US500) Index down 1.37%. The NASDAQ Technology Index (US100) closed negative 2.30%. Weaker-than-expected US economic news caused a liquidation of...
Snap shares plunge more than 20% on weak guidance
Evan Spiegel, co-founder and CEO of Snap Inc., during the Bloomberg Technology Summit in San Francisco on May 9, 2024.David Paul Morris | Bloomberg | Getty ImagesSnap shares fell more than 20% in extended trading on Thursday after the company reported guidance for the...
5 banks revise fixed deposit interest rates in August 2024, ET BFSI
Several banks revised their fixed deposit interest rates in August. Federal Bank, Punjab National Bank (PNB), Karnataka Bank, and Union Bank of India changed their FD rates on August 1 and 2, 2024. Below is a list of the five banks that have modified their fixed...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0802; (P) 1.0826; (R1) 1.0849; More….. EUR/USD’s strong rebound and break of 1.0869 resistance suggests that pullback from 1.0947 has completed as a correction a 1.0776. More importantly, rise from 1.0601 is probably still in progress. Intraday...
Amazon’s advertising business grew 20% in the second quarter
Future Publishing | Future | Getty ImagesAmazon's online advertising business brought in $12.77 billion during the second quarter, marking a 20% year-over-year increase, but missing analysts' estimates.Amazon disclosed the latest quarterly financial results of its...
Number of ITRs filed surges to record 7.28 crore in 2024-25, first timers add up to 58.6 lakh, ET BFSI
New Delhi, The total number of ITRs (income tax returns) for the assessment year (AY) 2024-25, filed till July 31, has surged to a record high of 7.28 crore, according to figures released by the Finance Ministry on Friday. This represents a 7.5 per cent jump over the...
Risk Aversion Deepens as US Non-Farm Payrolls Fall Short of Expectations
Risk aversion is intensifying in early US session after non-farm payroll report significantly missed expectations on all fronts. This follows yesterday’s poor manufacturing data, which has already sparked discussions about a hard landing for the US economy. The weak...
Cboe registers 11% Y/Y increase in global FX net revenue in Q2 2024
Cboe Global Markets, Inc today reported financial results for the second quarter of 2024. Total revenues less cost of revenues of $513.8 million increased 10%, compared to $467.1 million in the prior-year period, a result of increases in cash and spot markets,...
Arkham Intelligence Reaches 100,000 User Milestone
Tony Kim Aug 02, 2024 12:54 Arkham Intelligence surpasses 100,000 users since launching its Beta Program in August 2022, achieving nearly 40% average weekly growth. Arkham Intelligence, a leading crypto...
Banking’s Nifty lag an opportunity to consider some bets, BFSI News, ET BFSI
The sector indices for banking and finance companies have underperformed the benchmark indices over the past three months, six months and 12 months reflecting broader concerns such as margin pressure, slowing deposit growth and regulatory changes. With relatively...
Block (SQ) earnings Q2 2024
Block beat on profit in its second-quarter earnings report on Thursday. The stock rose in extended trading.Here is how the company did, compared to analysts' consensus estimates from LSEG.Earnings per share: 93 cents adjusted vs. 84 cents expectedRevenue: $6.16...
Gold (XAU/USD) Continues to Surge: New Highs as Fed Rate Cut Looms
The price of gold (XAUUSD) continues its upward trajectory, hitting a new peak at 2460 USD per troy ounce on Friday. The surge in gold prices is largely driven by growing expectations that the US Federal Reserve will soon reduce interest rates. This anticipation has...
India top nation in number of IPOs and issuances globally: SEBI Chairperson, ET BFSI
Mumbai, Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch said on Friday that India is the top country when it comes to the total number of initial public offerings (IPOs) and issuances globally.Addressing a FICCI conference in Mumbai, she...
Microsoft touts cloud momentum from Y Combinator startups
EzDubs founders Amrutavarsh Kinagi (left), Kareem Nassar and Padmanabhan Krishnamurthy pose for a photo in Palo Alto, California, in August 2023.EzDubs, a developer of language-translation technology, got started the way many tech startups get off the ground. It...
How a new trend is challenging consumer culture :: InvestMacro
By Omar H. Fares, Toronto Metropolitan University and Seung Hwan (Mark) Lee, Toronto Metropolitan University A new TikTok trend called “underconsumption core” is gaining traction online. This trend champions minimalism and frugality, and encourages people to maximize...
Lenders warn of remedial action against Hinduja’s IIHL, ET BFSI
Lenders of debt-ridden Reliance Capital (RCAP) have cautioned Hinduja Group arm IndusInd International Holdings of remedial action as it has failed to comply with the NCLT-imposed conditions, including a deposit of Rs 250 crore in an escrow account. IndusInd...
USD/JPY – Surging Yen Improves to 15-week High
The Japanese yen continues to rally. USD/JPY is trading at 148.86 in the European session, down 0.31% on the day at the time of writing. On Thursday, the yen strengthened as much as 148.50, its best showing since May 11. Yen continues to pummel US dollar Only three...
Survey Reveals Only 19% Expect NFTs to Recover This Cycle
Joerg Hiller Aug 02, 2024 11:48 A CoinGecko survey indicates that only 19% of crypto participants expect NFTs to make a comeback this cycle. Gaming and metaverse items are considered the most bullish use cases. ...
DoorDash shares pop 13% on second-quarter revenue beat
A DoorDash driver on an electric bicycle wearing a cooler backpack with the skyline of San Francisco in the background.Smith Collection | Gado | Getty ImagesShares of DoorDash popped 13% in extended trading on Thursday after the company reported second-quarter results...
Pershing to pay $1.4M fine for alleged FINRA rule violations
Pershing LLC has agreed to pay a fine of $1.4 million as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From January 2010 through December 2022, Pershing distributed more than one million account statements and trade confirmations...
How Will AI Improve Customer Experience in 2024?
Almost every business leader in the world knows the potential of artificial intelligence. One of the most crucial value advantages of AI is the introduction of personalization and better efficiency. AI can help in improving interactions at all stages of the customer...
Earnings growth to moderate with likely PAT decline on higher expenses, provisions, ET BFSI
India's leading public sector lender State Bank of India (SBI) is likely to see a moderation in earnings for the first quarter ended June 2024 due to higher provisions.Net profit for the April-June 2024 period may decline 3% year-on-year, according to an average...
Nvidia shares fall after report that it faces a US DOJ antitrust probe
Nvidia CEO Jensen Huang speaks during Computex 2024 in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty ImagesThe U.S. Department of Justice is investigating complaints that Nvidia allegedly abused its market dominance in artificial intelligence chips, The...
USD/CHF Falls to Lowest Level in Nearly Six Months
As today’s USD/CHF chart shows, the exchange rate has fallen below 0.872 – the Swiss franc hasn’t been this strong against the US dollar since early February this year. Bearish sentiment is driven by: → Expectations of a Fed rate cut, weakening the US dollar; → Low...
Difference Between Blockchain and Cloud Computing: A Detailed Analysis
The amount of data we generate is staggering. By 2025, it’s estimated that the global digital data generated will reach an astounding 175 zettabytes — that’s 175 followed by 21 zeros! This explosion of information has brought great benefits, however, it has also...
BitTorrent Inc. Launches BTTC Examples Repository on GitHub
Rebeca Moen Aug 02, 2024 10:35 BitTorrent Inc. introduces the BTTC Examples repository on GitHub to guide developers in smart contract development on BitTorrent Chain (BTTC). BitTorrent Inc. has taken a...
Turkey blocks Instagram amid complaints of censorship of Hamas posts
Didem Mente | Anadolu | Getty ImagesTurkey blocked access to Instagram for its 85 million people, the country's Information and Communication Technologies Authority announced Friday morning."Instagram.com has been blocked by a decision on the date of 02/08/2024,"...
Metaverse Land Prices Plunge 72% from Peak, CoinGecko Reports
Iris Coleman Aug 02, 2024 10:53 CoinGecko reports that the average prices of metaverse lands have plummeted by 72% from their all-time highs, reflecting broader market trends. In a recent report by CoinGecko,...
Olympics draws new investments to niche sports, women’s teams
Players of Team United States celebrate following victory during the Women's Rugby Sevens Bronze medal match between Team United States and Team Australia on day four of the Olympic Games Paris 2024 at Stade de France on July 30, 2024 in Paris, France. Michael Steele...
CFTC, KuCoin indicate progress towards resolution of lawsuit
The Commodity Futures Trading Commission (CFTC) and KuCoin have hinted at fruitful negotiations that may put an end to a lawsuit brought by the regulator earlier in 2024. In a letter addressed to Judge Valerie E. Caproni of the New York Southern District Court, the...
Market Analysis: Gold Price Regains Strength While Oil Price Takes Hit
Gold price started another increase and surpassed the $2,440 resistance. Crude oil is showing bearish signs and might decline below $75.00. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a steady increase from the $2,420 zone against the...
HDFC securities Partners with Vested Finance to Offer Access to Global Investing for Indians and NRIs, ET BFSI
Mumbai, Maharashtra, India - Business Wire India HDFC securities, the leading stock broking company, and a wholly owned subsidiary of HDFC Bank, announced a strategic tie-up with Vested Finance, a popular US-based investment platform for democratising global investing...
Amazon says distraction of Olympics, Trump shooting hit weak guidance
Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesAmazon is pointing to an unusually busy news cycle as one of the drivers behind its...
GBP/USD Outlook: Remains in Red But Bears Face Headwinds from Daily Cloud Top
Cable remains in red in early Friday, following Thursday’s 0.9% drop (the biggest daily loss since Apr 10) as fresh risk aversion deflated sterling. Bears extended to one-month low but find a footstep at 1.2706 (top of thick ascending daily cloud) and may pause here,...
Apple spending more on AI, but remains behind its Silicon Valley peers
Apple CEO Tim Cook opens WWDC 2024 in Cupertino, California, on June 10, 2024.Source: AppleThe topic of greatest interest to analysts on Apple's quarterly earnings call on Thursday was a product that's not even available to the general public yet.Apple Intelligence,...
Aptus Value Housing Finance reports consolidated profit of Rs 171.74 crore in Q1 FY25, ET BFSI
CHENNAI: Housing finance company Aptus Value has said that it earned a consolidated profit after tax of Rs 171.74 crore for the April-June 2024 quarter, on the back of business growth, stable asset quality and higher productivity.The company's PAT was 142.25 crore in...
Binance Futures Adjusts Leverage & Margin Tiers for Multiple Perpetual Contracts
Felix Pinkston Aug 02, 2024 09:57 Binance Futures announces updates to the leverage and margin tiers for SOLUSDT, 1000PEPEUSDT, MEWUSDT, and TAOUSDT USDⓈ-M perpetual contracts. Binance Futures has implemented...
WTI Crude Oil Hovers Beneath 200-day SMA
WTI trades within symmetrical triangle 20- and 50-day SMAs are ready for bearish cross WTI crude oil is moving back and forth from the 200-day simple moving average (SMA), with a strong resistance area near the potential bearish crossover between the 20- and 50-day...
BFSI sector to witness spike in net employment in H1FY25; NBFCs to lead, ET BFSI
Representational ImageThe BFSI sector in India is on a hiring spree as a latest report by TeamLease Services reveals that the sector is set to witness jump in the net employment in the first half of the fiscal year 2025.Banking sector is poised to experience the most...
Why all chip firms are not benefiting from the AI boom like Nvidia
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. David Paul Morris/Bloomberg via Getty ImagesNot all chip firms are benefiting from the boom in...
NZ Court places Du Val Group into interim receivership
The High Court of New Zealand has placed Du Val Capital Partners Limited together with a number of entities within the Du Val Group, into interim receivership, at the request of the Financial Markets Authority (FMA). The interim receivership orders were also made in...
PNB hikes FD interest rates by up to 25 bps; now earn up to 8.05% fixed deposit rate, ET BFSI
Punjab National Bank (PNB) has raised its interest rates for fixed deposits (FD) by up to 25 basis points for amounts up to Rs 3 crore. The new FD interest rates are effective from August 2, 2024, according to the information available on the PNB website.Here a look...
Intel (INTC) Q2 earnings report 2024
Intel shares slid as much as 20% in extended trading on Thursday after the chipmaker said it would lay off over 15% of its employees as part of a $10 billion cost-reduction plan and reported lighter results than analysts had envisioned.The company also said that it...
USDCAD Hits 8-Month High, But It’s Not a Victory Yet
USDCAD marks new higher high after disappointing ISM manufacturing PMI A close above 1.3880-1.3900 is needed to postpone profit-taking US nonfarm payrolls eagerly awaited at 12:30 GMT USDCAD began the month on a positive note, swiftly recovering from its recent...
Binance to Update Margin Liquidation Fees on August 12, 2024
Peter Zhang Aug 02, 2024 09:02 Binance announces updates to its margin liquidation fees effective August 12, 2024, aiming to protect users and ensure market stability. Binance, one of the world's leading...
Rupee averts record low on likely RBI intervention as local equities slide, ET BFSI
By Jaspreet KalraMUMBAI - The Indian rupee was nearly flat on Friday as likely intervention from the Reserve Bank of India helped the currency hold above its all-time low amid pressure from weakness in local equities, which declined tracking a sell-off in global...
Australian regulator removes N.M. Super’s additional licence conditions
The Australian Prudential Regulation Authority (APRA) has removed additional licence conditions imposed on N.M. Superannuation Proprietary Limited (N.M. Super) in response to governance and risk management concerns. N.M. Super, which is part of the AMP group of...
Intel share plunge drags down global chip stocks from TSMC to Samsung
Pat Gelsinger, chief executive officer of Intel Corp., speaks during the Computex conference in Taipei, Taiwan, on Monday, June 4, 2024. Gelsinger took the stage at the Computex show in Taiwan to talk about new products he expects will help turn back the tide of share...
Sebi fines JM Financial MF, ex-CEO, others for violations, BFSI News, ET BFSI
The Securities and Exchange Board of India (Sebi) has imposed a total penalty of ₹2 crore on JM Financial Asset Management, its trustee company, its former chief executive Bhanu Katoch and four other individuals for violating mutual fund rules.The regulator had...
AUDUSD Declines to Fresh 2-month Low
AUDUSD extends retreat to its lowest since May 1 Oscillators are flagging oversold conditions AUDUSD has been in a steady retreat since July 11, violating both its 50- and 200-day simple moving averages (SMAs). Although the pair posted a fresh two-month low on...
RBI proposes new authentication measures to make digital payments more secure, ET BFSI
In a move to bolster the security of digital transactions, the Reserve Bank of India (RBI) has proposed new guidelines requiring additional authentication factors for digital payments. The draft guidelines, announced Wednesday, mandate that all digital payment...
AWS Q2 earnings report
Amazon Web Services CEO Matt Garman speaks during CNBC Power Lunch on July 1, 2024.CNBCAmazon said Thursday that revenue in its cloud division increased 19% in the second quarter, beating analysts' estimates.The company reported revenue for Amazon Web Services of...
Market Turmoil Boosts Safe Haven Currencies ahead of NFP, GBP/CHF Under Pressure
Safe haven currencies are dominating the market as the steep selloff in the US extended into Asian trading, with Nikkei down more than -5%. Poor US manufacturing data released overnight has intensified investor concerns about an impending recession, overshadowing the...
Marathon Digital (MARA) Sees Revenue Surge Despite Increased Losses in Q2 2024
James Ding Aug 02, 2024 07:29 Marathon Digital's Q2 2024 revenue increased by 78% to $145.1M, but the company reported a net loss of $199.7M due to fair market value adjustments. Marathon Digital Holdings...
ICE fines Merrill Lynch Commodities $1M for alleged rule violations
ICE Futures U.S. has posted a disciplinary notice against Merrill Lynch Commodities, Inc (MLCI). On July 31, 2024, a subcommittee of the Exchange’s Business Conduct Committee (BCC) determined that Merrill Lynch Commodities, Inc may have violated Exchange Rules 6.20(b)...
Injective (INJ) Unveils Altaris Mainnet Upgrade with Enhanced Capabilities
Iris Coleman Aug 02, 2024 08:07 Injective (INJ)launches Altaris mainnet upgrade, promising enhanced scalability, new developer tools, and improved economic structure. The blockchain landscape is set for a...
Aditya Birla Cap net profit rises 17 pc to Rs 759 cr in April-June, ET BFSI
Mumbai, Non-bank lender Aditya Birla Capital on Thursday reported a 17 per cent increase in its consolidated net profit in June 2024 quarter at Rs 759 crore. The city-headquartered firm, which houses all the financial services businesses of the Aditya Birla Group, had...
Central banks are turning the ship, but their path is unclear, ET BFSI
By Howard Schneider and David MillikenWASHINGTON/LONDON, - Decisions by major central banks this week brought the end of pandemic-era monetary policy into closer view, but also highlighted how long the road back to "normal" will be as officials now probe for the...
Govt weighing proposals to tweak its big tax move in Budget, ET BFSI
New Delhi:India Inc is requesting the government for a phased transition to the long term capital gains (LTCG) tax regime announced in the budget for FY25, which proposes to remove indexation benefits for property, gold and other unlisted assets.The options being...
FX option expiries for 2 August 10am New York cut
There isn't anything too significant on the board for today but there are some to be wary about. The first one is for USD/CAD at 1.3900, where the expiries are decent in size. It coincides with key resistance around the 2022 and 2023 highs, so the expiries could help...
Nintendo profit plunges 55% as sales of its ageing Switch console fall
Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda.Charly Triballeau | AFP | Getty ImagesNintendo on Friday reported revenue and profit that plunged in the company's fiscal first...
U.S. recognizes Maduro’s opponent as winner in Venezuela election
President of Venezuela Nicolas Maduro rises his hand during a mass gathering convene by supporters on July 18, 2024 in Caracas, Venezuela.Alfredo Lasry R | Getty Images News | Getty ImagesThe United States on Thursday recognized Venezuelan President...
SWIFT, Axis Bank launch AI pilot to tackle payment fraud, BFSI News, ET BFSI
Belgium-headquartered Society for Worldwide Interbank Financial Telecommunications (SWIFT), the global specialist in financial transactions, is launching an artificial intelligence (AI)-driven pilot in partnership with Axis Bank to help combat payments fraud occurring...
IOTA Community Allocates Funds to Boost EVM Ecosystem
James Ding Aug 01, 2024 17:58 The IOTA community has approved a significant liquidity program to support the new IOTA EVM ecosystem, aiming to enhance growth and adoption. The IOTA community has overwhelmingly...
BTCUSD Retreats from 1-Month High
BTCUSD pulls back after touching the 70,000 mark The bears eye the 50-day SMA as next crucial target Momentum indicators are skewed to the downside BTCUSD (Bitcoin) had a very strong July, with the price reaching the 70,000 psychological mark for the first time in...
Changes HDFC Bank, ICICI Bank, IDFC FIRST Bank cardholders should know, ET BFSI
Several banks have updated the terms and conditions for credit and debit cards, with the changes taking effect in August, September, and October 2024. HDFC Bank, IDFC FIRST Bank, and ICICI Bank are among the banks that announced these revisions in the past week.Here...
Pennsylvania Gov. Shapiro cancels Hamptons trip, days before expected Harris VP reveal
Pennsylvania's Governor Josh Shapiro holds a rally with Michigan's Governor Gretchen Whitmer (not pictured) in support of U.S. Vice President Kamala Harris' Democratic presidential election campaign in Ambler, Pennsylvania, U.S. July 29, 2024. Rachel Wisniewski |...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2830; (P) 1.2847; (R1) 1.2873; More… Intraday bias in GBP/USD remains on the downside for the moment. Fall from 1.3043 is in progress. Decisive break of 55 D EMA (now at 1.2782) will suggest that rise from 1.2298 has completed with three waves up...
Circle’s Euro-Backed Stablecoin EURC Launches on Base
Caroline Bishop Aug 01, 2024 18:28 Circle's EURC stablecoin is now live on the Base mainnet, enabling developers and users to mint and redeem EURC. Supported by major partners like Coinbase and Uniswap. Circle,...
Hindujas seek extension amid pending formalities, ET BFSI
Hinduja Group-backed IndusInd International Holdings (IIHL) has filed an intervention application with the Mumbai Bench of the National Company Law Tribunal (NCLT) regarding its acquisition of Reliance Capital (RCap). The application, submitted on Tuesday, outlines...
Crypto slides to begin August trading, nearly erasing its July gain
A visual representation of the cryptocurrency Bitcoin on November 20, 2018 in London, England.Jordan Mansfield | Getty ImagesStock Chart IconStock chart iconBitcoin tumbles with stocks on ThursdayDisappointing data out Thursday fueled investor worries that the U.S....
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0802; (P) 1.0826; (R1) 1.0849; More….. EUR/USD’s fall from 1.0947 resumed by breaking through 1.0797 temporary low and intraday bias is back on the downside. Current development suggest that rebound from 1.0601 has completed with three waves up to...
Elon Musk sued by ex-CNN anchor Don Lemon over canceled X deal
Elon Musk (L) & Don LemonReuters (L) | Getty Images (R)Former CNN anchor Don Lemon sued Elon Musk on Thursday, accusing him of making false promises to entice the journalist into a canceled deal to host a show on the billionaire's social media platform.The lawsuit...
Exclusive: IC Markets hires Credit Agricole alum Ben Singleton as General Manager
FNG Exclusive… FNG has learned that leading Australia based Retail FX and CFDs broker IC Markets has filled a hole in its senior management ranks, hiring longtime Credit Agricole executive Ben Singleton as the company’s new General Manager. He will be based at company...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8753; (P) 0.8797; (R1) 0.8823; More… Intraday bias in USD/CHF remains on the downside for the moment. Current fall from 0.9223 is in progress for 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. For now, risk will stay on the downside as long...
Registration, Activation, Fund Transfer & More, ET BFSI
With the help of the MahaMobile application, Bank of Maharashtra offers the Mobile Banking services to users. Through MahaMobile, users are able to perform multiple banking functions like and financial transactions from anywhere and at any time. Apart from being safe,...
Dune Enhances API Capabilities with DuckDB Integration
Lawrence Jengar Aug 01, 2024 16:06 Dune has significantly improved its API by integrating DuckDB, enabling pagination, filtering, and handling larger datasets efficiently. Dune has announced substantial...
Venu Sports has a tough marketing challenge to find an audience
Actor Jon Hamm playing Don Draper in Mad Men.Michael Yarish | AMC | APCall Don Draper, Venu Sports may have a marketing problemThe Disney, Fox and Warner Bros. Discovery jointly-owned streaming service said Thursday it will launch this fall at $42.99 per month. That's...
Kamala Harris is murky on antitrust. Wall Street sees an opportunity
Democratic presidential candidate, U.S. Vice President Kamala Harris speaks at a campaign rally at the Georgia State Convocation Center on July 30, 2024 in Atlanta, Georgia. Megan Varner | Getty ImagesWall Street dealmakers said they believe Vice President Kamala...
The Crypto Market Pulled Back Further into the Range
Market picture Cryptocurrencies continued to sag, failing to support gains in the stock market, returning the crypto market cap to $2.30trn levels seen a week ago. The market formed another lower local peak, a sequence that has been in place since March. A move...
Interactive Brokers introduces Forecast Contracts on economic and climate indicators
Interactive Brokers Group (NASDAQ:IBKR) announced that its wholly-owned subsidiary, the CFTC-regulated ForecastEx LLC, started operations on August 1, 2024. Clients of Interactive Brokers from eligible countries can now trade Forecast Contracts on upcoming economic...
GeForce NOW to Introduce 18 New Games in August 2024
Alvin Lang Aug 01, 2024 17:03 GeForce NOW announces the addition of 18 new games in August, including 'Star Wars: Outlaws' and 'Visions of Mana'. GeForce NOW, NVIDIA’s cloud gaming service, is set to expand its...
Bank loans to NBFCs slow, card & gold continue to surge, BFSI News, ET BFSI
MUMBAI: The year-on-year growth in bank credit to non-banking finance companies has decreased sharply to 8.5% as of June 2024. However, credit card outstanding and gold jewellery loans continue to record high year-on-year growth of 23% and 30%, respectively.By May...
Paige Bueckers to sign NIL deal with Unrivaled, get equity state
Paige Bueckers, #5 of the UConn Huskies, shoots the ball in the second half during the NCAA Women's Basketball Tournament Final Four semifinal game against the Iowa Hawkeyes at Rocket Mortgage FieldHouse in Cleveland, Ohio, on April 5, 2024.Steph Chambers | Getty...
Bank of England Review – Easing Commences But No Game-Changer for GBP
At today’s monetary policy meeting, the Bank of England decided to cut the Bank Rate by 25bp to 5.00%. A tight vote split, the notion of it being a finely balanced decision to cut rates and a mention of upside risks to the inflation forecast, gave the cut a slight...
CoreWeave Appoints Jeff Baker as New Chief Accounting Officer
Iris Coleman Aug 01, 2024 16:23 CoreWeave announces Jeff Baker as Chief Accounting Officer, bringing over 20 years of experience to the AI hyperscaler. CoreWeave, the AI Hyperscaler™, has appointed Jeff Baker as...
Apple (AAPL) earnings report Q3 2024
Apple's third quarter, which ends in June, is traditionally the company's slowest quarter of the year by sales.This year, the "main event" won't be Apple's earnings, wrote Barclays analyst Tim Long, it's what the company says about the September quarter, which is...
Interactive Brokers registers 38% Y/Y rise in DARTs in July 2024
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has just reported its operating metrics for July 2024. The brokerage registered 2.756 million Daily Average Revenue Trades (DARTs) in July 2024, 38% higher than prior year and 12% higher than prior...
HDFC Bank cautions customers against investment frauds, BFSI News, ET BFSI
HDFC Bank, India’s largest private sector bank, has advised its customers to be cautious against fraudulent trading platforms that offer investment opportunities mostly through social media platforms. The aim is to increase awareness about potential investment frauds...
GBP/USD Outlook: Limited Negative Impact from BoE Rate Cut
Cable traded in a choppy mode with limited downside after BOE rate cut and regained traction on much higher than expected US jobless claims. The pair returned above 1.2800 mark after hitting the lowest in almost one month (1.2750), with subsequent bounce signaling...
Amazon (AMZN) Q2 earnings report 2024
Amazon CEO, Andy Jassy speaking with CNBC's Jim Cramer on Mad Money in Seattle, WA. on Dec. 6th, 2023.CNBCAmazon is set to report second-quarter earnings after the bell on Thursday.Here's what analysts polled by LSEG are expecting:Earnings per share: $1.03Revenue:...
WSJ reporter Evan Gershkovich, ex-Marine Whelan released in U.S., Russia prisoner swap
This event is scheduled to begin at 12:00 p.m. ET. If the stream is not playing, please hit refresh.Wall Street Journal reporter Evan Gershkovich and former U.S. Marine Paul Whelan were released Thursday by Russia as part of a major, multi-nation swap of two dozen...
September US rate cut in the bag? :: InvestMacro
Fed leaves rates unchanged but signals possible September cutIncoming US jobs report likely to shape expectationsNAS100: NFP sparked moves of ↑ 1.5% & ↓ 0.7% over past yearGold: ↑ 2% this week, ready to retest records?USDInd: Trapped in range, key levels – 103.65...
Meta shares pop on Q2 earnings beat, rosy revenue forecast
Jaques Silva | Lightrocket | Getty ImagesMeta shares jumped 6% on Thursday after the company reported second-quarter earnings that beat Wall Street's expectations and offered a rosy revenue forecast.Revenue in the period increased 22% to $39.07 billion from $32...
Bank of England Joins Central Bank Rate Cut Club
Summary The Bank of England (BoE) joined the growing group of G10 central banks that have eased monetary policy, by delivering an initial 25 bps policy rate cut to 5.00% at today’s monetary policy announcement. The guidance from the BoE’s announcement was also...
Anthropic’s AI Assistant Claude Launches in Brazil
Joerg Hiller Aug 01, 2024 15:39 Anthropic's AI assistant Claude is now available in Brazil, offering both free and paid plans for consumers and businesses. Anthropic's trusted AI assistant, Claude, is now...
Mufin Green Finance board approves Rs 30 crore fund raising via NCDs, ET BFSI
New Delhi, Green financing firm Mufin Green Finance Ltd on Tuesday said its board has approved a proposal to raise Rs 30 crore through the issuance of non-convertible debentures. A decision was approved by the board at its meeting held on Tuesday, Mufin Green Finance...
Why Kohl’s is betting on babies
Kohl's plans to have 200 Babies R Us shops in its stores by the end of September. The retailer will sell a wide variety of baby gear, including strollers, car seats and cribs.Courtesy: Kohl'sWOODLAND PARK, N.J. — Kohl's is thinking small to rev up its sales.The...
eToro expands list of trading instruments by adding new German stocks, LSE stocks and ETFs
Online broker eToro today announced the addition of 290 new German stocks, 200 new LSE stocks and 8 new LSE ETFs to the list of investment instruments. The new assets take the total of available assets to 6,500. You can see some of the latest additions listed below:...
Will US Nonfarm Payrolls Steal The Show This Week?
US nonfarm payrolls to be released on Friday, 12:30 GMT Analysts estimate softer employment conditions in July Gold might push for an uptrend resumption if jobs data disappoint Will July’s NFP report be a game-changer? Friday’s nonfarm payrolls report will not be the...
Centre extends minimum public shareholding deadline for PSUs, including banks, ET BFSI
Centre has extended the deadline for central public sector enterprises (CPSEs) and public sector financial institutions to adhere to the minimum public shareholding (MPS) norm until August 2026.The move to grant an exemption is in the public interest allowing CPSEs,...
Hong Kong Monetary Authority Expands Suspicious Account Alert System Amid Rising Fraud Risks
Tony Kim Aug 01, 2024 14:23 HKMA announces the extension of the Suspicious Account Alert system, covering internet banking and physical branches, to combat increasing fraud risks. The Hong Kong Monetary...
US ISM manufacturing drops to 46.8, reflecting deepening contraction
US ISM Manufacturing PMI dropped from 48.5 to 46.8 in July, falling below the expected 48.8. This marks the fourth consecutive month of contraction for the manufacturing sector, with the decline accelerating. New orders fell from 49.3 to 47.4, indicating that demand...
The US Federal Reserve is set to cut rates in September. Today, investors are focused on the Bank of England meeting :: InvestMacro
By JustMarkets On Tuesday, US stocks traded mixed: the Dow Jones Index (US30) gained 0.24%, while the S&P 500 Index (US500) rose 1.28%. The NASDAQ Technology Index (US100) closed positive 2.64%. Stocks soared to highs when Fed Chair Powell said that upside risks...
Here’s what he told them.
Former President and 2024 Republican presidential candidate Donald Trump gestures while giving a keynote speech on the third day of the Bitcoin 2024 conference in Nashville, Tennessee on July 27, 2024.Jon Cherry | Getty Images News | Getty ImagesNASHVILLE — On...
IndoStar Capital Finance Core (VF + HFC) AUM grows 54% and Disbursements 71% YoY, ET BFSI
MUMBAI, India, Aug. 1, 2024 /PRNewswire/ -- Q1 FY25 Quarter Performance: Core AUM (VF + HFC) at ₹ 8,718 crore, up 54% YOY from ₹ 5,669 in Q1FY24 Robust demand for used CV: VF AUM at ₹ 6,323 crore, up 13%, QOQ and 61% YOY Affordable Home Finance AUM at ₹ 2,395 crore,...
Turbo (TURBO): The AI-Driven Memecoin Revolutionizing Crypto
Rebeca Moen Aug 01, 2024 13:12 Discover Turbo (TURBO), an AI-driven memecoin project operating on the Ethereum blockchain with a community-centric approach. Turbo AI memecoin, known as Turbo Token (TURBO), is a...
Sunset Market Commentary – Action Forex
Markets After the Fed’s most clear pivot towards imminent rate cuts yesterday, the Bank of England thought it could do even better. It cut the policy rate by 25 bps to 5% in a 5-4 split vote. For “some” in the group of 5 it was a finely balanced decision – similar to...
U.S. rugby star Ilona Maher talks bronze medal, Michele Kang investment
Ilona Maher became one of the Paris Olympics' heroes after leading the U.S. rugby team to its first-ever Olympic medal for men or women.The 27-year-old, frequently clad in bright red lipstick, helped Team USA bring home the bronze medal in a nail-biting win over...
Bitfarms (BITF) Reports July 2024 Bitcoin Production and Operational Milestones
Iris Coleman Aug 01, 2024 13:45 Bitfarms earned 253 BTC in July 2024, increased HODL to 1,016 BTC, and expanded operational hashrate to 11.1 EH/s, according to GlobeNewswire. Bitfarms Ltd. (NASDAQ/TSX: BITF), a...
Robert Swaak to step down as CEO of ABN AMRO
ABN AMRO Bank N.V. announced today that CEO Robert Swaak will not complete his term of office at the bank. In consultation with the Supervisory Board, it has been decided that he will step down in the first half of 2025. Robert Swaak commented: “Over these past years,...
India’s private sector banks lead market cap gains on stronger metrics, ET BFSI
India's private sector banks led gains in market capitalization in the three months to June 30 amid improvement in their financial metrics and positive sentiment in the Indian stock market, research by S&P shows.Axis Bank Ltd.'s market capitalization rose 20.9% to...
Epic Systems will support the government’s TEFCA program for health records
The eponymous sign outside Epic headquarters in Verona, Wisconsin.Source: Yiem via Wikipedia CCIt's about to get a lot easier for patients in the U.S. to access their own medical records. Health-care software vendor Epic Systems on Thursday announced that individuals...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 148.42; (P) 151.16; (R1) 152.72; More… Intraday bias in USD/JPY remains on the downside for the moment. Strong support could be seen from 148.66 fibonacci level to bring consolidations. On the upside, above 151.93 support turned resistance will turn...
Venu sports streaming pricing set at $42.99 a month
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 ImagesVenu...
Here’s what it means for U.S. tech firms
The European Union's landmark artificial intelligence law officially enters into force Thursday — and it means tough changes for American technology giants.The AI Act, a landmark rule that aims to govern the way companies develop, use and apply AI, was given final...
GBP/USD Under Pressure as Market Anticipates Bank of England Rate Decision :: InvestMacro
By RoboForex Analytical DepartmentThe British pound sterling continues to decline steadily against the US dollar. The GBP/USD pair is trending towards 1.2848.On the one hand, the pressure from the USD rate is evident. On the other hand, investors are awaiting the...
Sterling Stabilizes After Initial Selloff, BoE Easing Not Automatic Despite First Cut
Sterling suffered an initial sell-off in European trading and remained weak following BoE’s decision to cut the Bank Rate by 25 basis points to 5.00%. However, it stabilized during Governor Andrew Bailey’s press conference. The tight 5-4 vote to cut the rate...
Capital Group offloads 4.3 pc stake in SIS for Rs 258 cr, BFSI News, ET BFSI
New Delhi, Financial services company Capital Group on Wednesday offloaded a 4.3 per cent stake in SIS for over Rs 258 crore through open market transactions while Abu Dhabi Investment Authority bought shares in the company. Capital Group, through its two affiliates...
SingularityNET (AGIX) Announces $53M Investment in AI Infrastructure and Key Ecosystem Updates
Zach Anderson Aug 01, 2024 12:34 SingularityNET (AGIX) reveals a $53M investment in AI infrastructure, updates on ASI Alliance token merger, and progress reports from ecosystem projects like SingularityDAO and Rejuve.Bio. ...
Eli Lilly weight loss drug Zepbound cuts heart failure risks in study
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 weight loss drug Zepbound showed benefits in patients with a common type of heart failure...
GBP/USD Under Pressure as Market Anticipates Bank of England Rate Decision
The British pound sterling continues to decline steadily against the US dollar. The GBP/USD pair is trending towards 1.2848. On the one hand, the pressure from the USD rate is evident. On the other hand, investors are awaiting the outcome of today’s Bank of England...
ICE registers record net revenues of $2.3bn in Q2 2024
Intercontinental Exchange (NYSE:ICE) today reported financial results for the second quarter of 2024. For the quarter ended June 30, 2024, consolidated net income attributable to ICE was $632 million on $2.3 billion of consolidated revenues, less transaction-based...
20 Fun Ways to Name Your YNAB
Did you know you can name your budget in YNAB? It’s true, you can call each and every budget in your YNAB account something different. And since the name of your budget is so prominent right there in the top left corner of the web app, it’s a great opportunity to make...
UGRO CAPITAL ANNOUNCES FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2024, ET BFSI
Reports AUM of INR 9,218 Cr, up 36% (YoY), and PAT of INR 30 Cr, up 20% (YoY) Key Highlights Equity Capital raised amounting to INR 1,265 Cr via CCDs and warrants. Net disbursement (adjusted for SCF*) during Q1'FY25 stood at INR 1,330 Cr compared to INR 1,268 Cr in...
(BOE) Bank Rate reduced to 5%
Monetary Policy Summary, August 2024 The Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. The MPC adopts a medium-term and forward-looking approach to determine the monetary...
Biogen (BIIB) earnings Q2 2024
Biogen on Thursday reported second-quarter earnings and revenue that topped estimates and hiked its full-year guidance, as the company's cost cuts showed progress and sales of its breakthrough Alzheimer's drug, Leqembi, and other new products beat expectations. Biogen...
Hong Kong Monetary Authority Reports Stable Credit Conditions for SMEs in Q2 2024
Lawrence Jengar Aug 01, 2024 11:41 The HKMA's survey indicates stable credit conditions for SMEs in Q2 2024, with a slight increase in positive perceptions. The Hong Kong Monetary Authority (HKMA) has released...
How to Run a 7-Figure Solo Business and Have an Exit. » Succeed As Your Own Boss
#Smallbizchat Podcast LIVE is a monthly video interview show where small business owners can get answers to their questions. The focus of #Smallbizchat is to end small business failure by helping participants succeed as your own boss. Please join us live every third...
Genesis release 8.2 boosts data pipelines
This month, Genesis is releasing several powerful features to help developers build and configure complex functions required in financial markets applications even more rapidly. To start, Genesis has upgraded how Genesis works with data sources and data sinks, as well...
Profit rises 9.5% to Rs 4,458 crore, ET BFSI
Bank of Baroda (BoB)'s net profit increased 9.5% year on year due to lower provisions even as loan growth slowed down and other income fell.Net profit increased to Rs 4558 crore in the quarter ended June 2024 from Rs 4070 crore a year ago as provisions almost halved...
BoE cuts Bank Rate by 25bps to 5.00% in 5-4 tight vote
BoE cut the Bank Rate by 25 bps to 5.00% today, in a closely contested 5-4 vote. Governor Andrew Bailey, Deputy Sarah Breeden, new Deputy Clare Lombardelli, known dove Swati Dhingra, and Dave Ramsden voted in favor of the cut. Chief Economist Huw Pill, Megan Greene,...
The Dangers of Poor Customer Service with Melinda Emerson » Succeed As Your Own Boss
Melinda F. Emerson, “SmallBizLady” is America’s #1 Small Business Expert. She is an internationally renowned keynote speaker on small business development, social selling, and online marketing strategy. As CEO of Quintessence Group, her Philadelphia-based marketing...
Wayfair (W) earnings Q2 2024
The first Wayfair brick-and-mortar store prepares to open on May 02, 2024 in Wilmette, Illinois. Scott Olson | Getty ImagesOnline home goods company Wayfair saw sales decline in its fiscal second quarter as its CEO likened the current slowdown in the home goods...
How to Run a 7-figure Solo Business with Elaine Pofeldt » Succeed As Your Own Boss
In this episode, Melinda introduces Elaine Pofeldt, who shares her background and insights on non-employer businesses. They delve into the growth trends of million-dollar solopreneurs and identify top industries for solo businesses, including the impact of AI. The...
Binance August Missions: Users to Share 2,000,000 Points and Unlock Exclusive Rewards
Rebeca Moen Aug 01, 2024 11:02 Binance announces August Missions, offering users a chance to share 2,000,000 Binance Points and unlock exclusive rewards through simple tasks. Binance has unveiled its August...
nWay and Animoca Brands Unveil PvP Game ‘Cosmic Bomber’ for 1.79M Moca ID Holders
Zach Anderson Aug 01, 2024 10:43 nWay, a subsidiary of Animoca Brands, has launched the beta of 'Cosmic Bomber', a new PvP action game available exclusively to 1.79 million Moca ID holders. Game development...
PM Narendra Modi speaks to India Inc in a Post-Budget interaction, here are the key highlights, ET BFSI
Prime Minister Narendra Modi on Tuesday said that India will become the third largest economy in the world during his third term as the leader of the country. The PM was speaking at the inaugural session of Journey Towards Viksit Bharat: A Post Union Budget 2024-25...
Match-Trader upgrade for prop firms includes TradingView charts, Tournaments offer
Leading multi-asset trading platform provider Match-Trade Technologies has announced a new upgrade to its Match-Trader platform offer, specifically tailored to boost the growth of proprietary trading (prop) firms. The latest development integrates TradingView charts...
USD/JPY Falls Below 150 Yen Per Dollar
The yen was last this strong in mid-March this year. News from central banks contributed to the decline in USD/JPY. Yesterday, the Bank of Japan raised interest rates to levels not seen in the past 15 years. Conversely, the Fed kept rates unchanged as expected but...
SEBI proposals for derivatives will improve market stability, protect retail investors: Brokerages, ET BFSI
New Delhi [India], July 31 (ANI): India's financial market regulator SEBI has been worried about the speculative activities happening in the derivatives segment, which go against the purpose for which those asset categories were introduced.As per definition,...
Moderna (MRNA) earnings Q2 2024
Moderna on Thursday reported second-quarter revenue that beat expectations but slashed its full-year sales guidance, citing lower expected sales in Europe, a "competitive environment" for respiratory vaccines in the U.S. and the potential for deferred international...
Meta’s Reality Labs posts $4.5 billion loss in second quarter
A visitor wears a virtual reality headset Meta Quest as he takes part in an immersive experience stand during the Viva Technology show at Parc des Expositions Porte de Versailles on May 24, 2024 in Paris, France. Chesnot | Getty ImagesMeta's ambitious plans to develop...
WTT: Top Trade Ideas for August
For the month of August, I have my eyes set on three pairs for my swing trading opportunities during the course of the month. Asides these three, most of my other trade ideas will be executed on lower timeframes, and with more conservative targets in mind. Do note, as...
Dukascopy notifies public of another fraudulent clone
Dukascopy Bank SA today issued a warning about its website’s fraudulent clone operating via the domain https://dukascon.com/. Clones are unauthorised entities that abuse the data (logo, address, etc) of authorised companies in order to lure victims more easily. In...
SIDBI partners C2treds, UGRO Capital to facilitate loans to MSMEs, ET BFSI
New Delhi, Small Industries Development Bank of India (SIDBI) has partnered with C2treds and UGRO Capital to facilitate loans to the MSME sector. SIDBI has onboarded C2treds, a platform that offers MSMEs liquidity within 24 hours through an online bidding process,...
VC investment in India surge in April-June as China faces huge decline, ET BFSI
New Delhi, Venture capital (VC) investment in India surged considerably to $4 billion in the April-June period (Q2 2024), from $2.9 billion in the previous quarter, a report said on Thursday.On the other hand, China saw a massive decline in VC investment from $13.5...
Understanding Virtual Machines: A Deep Dive by Gala News
Ted Hisokawa Aug 01, 2024 09:39 Gala News explains the concept of Virtual Machines (VMs), their uses in development, cloud computing, and security, making complex tech jargon accessible. The world of technology...
Arm Q1 earnings report 2025
Rene Haas, chief executive officer of Arm Holdings plc, during the Computex conference in Taipei, Taiwan, on Tuesday, June 4, 2024.Annabelle Chih | Bloomberg | Getty ImagesArm shares fell more than 13% in extended trading on Wednesday after the chip-architecture maker...
UK manufacturing PMI finalized at 52.1, inflation pressure moving to manufacturing sector
UK PMI Manufacturing was finalized at 52.1 in July, up from June’s 50.9. Production growth was the fastest since February 2022, while input price inflation hit an 18-month high. Rob Dobson, Director at S&P Global Market Intelligence, noted that UK manufacturing...
Hamas armed wing leader Mohammed Deif killed in Gaza airstrike
A picture taken from Rafah shows smoke billowing over Khan Yunis in the southern Gaza Strip during Israeli bombardment on March 4, 2024, amid ongoing battles between Israel and the Palestinian militant group Hamas. Said Khatib | Afp | Getty ImagesIsrael's military on...
23andMe CEO Anne Wojcicki files proposal to take company private
A sign is posted in front of the 23andMe headquarters in Sunnyvale, California, on Feb. 1, 2024.Justin Sullivan | Getty ImagesAnne Wojcicki, CEO of 23andMe, has submitted a proposal to take the genetic testing company private as its stock price continues to hover...
OANDA Japan resumes opening of new positions in TRY/JPY and USD/TRY
Retail Forex broker OANDA Japan has issued a notice to its clients regarding trading in TRY/JPY and USD/TRY on the Tokyo server. The broker has now resumed new position opening for the following Turkish Lira (TRY)-related instruments, which were previously subject to...
HDFC Bank lead credit cards market, SBI frontrunner in debit cards in June 2024, ET BFSI
India's largest public sector lender, the State Bank of India, remained the front runner in the Debit cards market, holding a whopping 24 per cent market share in June 2024 while in credit cards HDFC Bank maintained the top position with a 21 per cent market share,...
GBPJPY Selling Drama Stretches Below 200-EMA
GBPJPY’s massive sell-off continues, reaches 3-month low Short-term risk bearish but oversold conditions detected BoE policy announcement might influence GBP at 11:30 GMT GBPJPY suffered another bold attack this week, giving back 8% of its value since its peak at a...
Call for a balanced regulatory approach, ET BFSI
MSMEs are the lifeblood of the Indian economy. Their growth and prosperity are essential for the country's overall economic development.Micro, Small, and Medium Enterprises (MSMEs) are the bedrock of the Indian economy, contributing significantly to employment,...
Qualcomm (QCOM) earnings report Q3 2024
Qualcomm president and CEO Cristiano Amon speaks at a news conference during CES 2022 in Las Vegas, Nevada, U.S. January 4, 2022.Steve Marcus | ReutersQualcomm reported fiscal third-quarter earnings on Wednesday that beat Wall Street expectations, particularly for...
Exploring Proof-of-Work (PoW) in Web3: Mechanisms, Benefits, and Challenges
Felix Pinkston Aug 01, 2024 08:51 Discover the role of Proof-of-Work (PoW) in blockchain technology, its benefits, challenges, and its importance in Web3 ecosystems. Proof-of-Work (PoW) is a consensus mechanism...
How to use ChatGPT for Customer Service?
Artificial intelligence has helped in transforming customer service with the support of tools like ChatGPT. Companies all over the world have been actively pursuing the prospects for using AI to their advantage. The growing use of ChatGPT for customer service...
Rakuten Wallet, CALIVERSE partner on Web3 and Metaverse business expansion
Rakuten Wallet, Inc., an operator of a crypto asset exchange business, today announced that it has signed a Memorandum of Understanding with CALIVERSE Inc., a South Korean metaverse development company that belongs to the Lotte Group, to form a strategic partnership...
Sebi clarifies on reports mandating T+0 system for all, BFSI News, ET BFSI
New Delhi, Capital markets regulator Sebi on Wednesday clarified on media reports pertaining to making the T+0 system mandatory for all. "This has been erroneously reported in a section of the press as Sebi bats for making the T+0 system mandatory for all," the...
Eurozone PMI manufacturing finalized at 45.8, recovering taking a hit
Eurozone’s PMI Manufacturing was finalized at 45.8 in July, unchanged from June, indicating ongoing contraction. PMI Manufacturing Output fell from 46.1 to 45.6, a 7-month low. Input costs increased at the fastest rate in a year and a half. Among countries, Greece led...
Meta advertising growth proof that hefty AI spending is paying off
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 ImagesFor investors who are skeptical...
Rupee to see mild relief as Fed opens door to September rate cut, ET BFSI
The dollar index was at 104 after dropping 0.4% on Wednesday and U.S. bond yields eased, with the 10-year yield touching a low of 4.03%, its lowest level since February.The Indian rupee is likely to open slightly higher on Thursday, tracking gains in most of its Asian...
Bitcoin selling off, under US$65K
Scanning for news - not seeing anything of note. Is this politics related? This article was written by Eamonn Sheridan at www.forexlive.com.
FX option expiries for 1 August 10am New York cut
There is arguably just one to take note of on the day, as highlighted in bold.That being for EUR/USD at the 1.0850 level. That could help to draw in price action with the 200-hour moving average seen nearby at 1.0847 currently. But if anything else, it should keep...
Microsoft says OpenAI is now a competitor in AI and search
Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023.Justin Sullivan | Getty Images News | Getty ImagesMicrosoft's relationship with OpenAI has officially become more complicated.On Tuesday,...
Carvana (CVNA) earnings Q2 2024
In an aerial view, a sign is posted on the exterior of a Carvana car vending machine on in Daly City, California, on July 19, 2023.Justin Sullivan | Getty ImagesShares of Carvana jumped as much as 14% during after-hours trading Wednesday as the company topped Wall...
9/11 mastermind Khalid Sheikh Mohammad cuts plea deal
In a file photo Khalid Sheikh Mohammed, the alleged Sept. 11 mastermind, is seen shortly after his capture during a raid in Pakistan Saturday March 1, 2003, in this photo obtained by the Associated Press.AP PhotoAccused 9/11 mastermind Khalid Sheikh Mohammad and two...
Dollar Steady Following FOMC, BoE Rate Decision Looms
Dollar remained relatively steady following the balanced post-FOMC press conference, with notable exceptions against the stronger yen and Swiss franc. Fed Chair Jerome Powell explicitly mentioned the possibility of a rate cut in September but refrained from making any...
Riot Platforms Reports Q2 2024 Financials with $70M Revenue and 22 EH/s Hash Rate
Joerg Hiller Aug 01, 2024 07:32 Riot Platforms announced Q2 2024 results with $70M in revenue and a hash rate of 22 EH/s, despite the Bitcoin halving event. Riot Platforms, Inc. (NASDAQ: RIOT), a leader in...
SpeedTrader fined for failing to reasonably supervise for potentially manipulative trading
SpeedTrader, Inc. has agreed to pay a fine as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). At all relevant times, SpeedTrader provided direct market access to approximately 570 customers, consisting mostly of day traders, including...
NVIDIA Announces Q2 2025 Financial Results Conference Call
Alvin Lang Aug 01, 2024 07:59 NVIDIA schedules a conference call for August 28 to discuss its Q2 2025 financial results, with CFO commentary available ahead of the call. NVIDIA, a leading technology company, has...
Bank loans to NBFCs slow, card & gold continue to surge, BFSI News, ET BFSI
MUMBAI: The year-on-year growth in bank credit to non-banking finance companies has decreased sharply to 8.5% as of June 2024. However, credit card outstanding and gold jewellery loans continue to record high year-on-year growth of 23% and 30%, respectively.By May...
RBI releases draft rules on AePS touchpoint operators to prevent frauds, ET BFSI
The Reserve Bank on Wednesday came out with draft rules on the due diligence to be carried out for Aadhar-enabled Payment System (AePS) touchpoint operators by lenders, in order to prevent frauds. The proposals focus on streamlining the process for onboarding of AePS...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 151.86; (P) 153.54; (R1) 154.43; More… USD/JPY’s fall from 161.94 accelerates lower again to as low as 149.77 so far. Intraday bias stays on the downside for 148.66 fibonacci level, which is close to medium term channel support (now at 148.22)....
NVIDIA Unveils RTX-Powered Tools to Accelerate AI Development at SIGGRAPH 2024
Lawrence Jengar Jul 31, 2024 15:11 NVIDIA announces new RTX-powered tools and AI advancements at SIGGRAPH 2024, including updates to ChatRTX and Llama 3 support. NVIDIA has unveiled a suite of new RTX-powered...
Canada’s Economy Advanced in May, Modest Growth Expected in June
The Canadian economy grew for a second consecutive month, up by 0.2% month-on-month (m/m). This print landed ahead of Statistics Canada’s advanced guidance and market expectations of a 0.1% m/m gain. The flash estimate for June points to a 0.1% m/m gain. May’s reading...
UAW union endorses Vice President Kamala Harris over Trump
U.S. Vice President Kamala Harris speaks during an NCAA championship teams celebration on the South Lawn of the White House in Washington, D.C., on July 22, 2024.Andrew Harnik | Getty ImagesThe United Auto Workers on Wednesday endorsed Vice President Kamala Harris...
Meta Q2 earnings report 2024
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023.Josh Edelson | AFP | Getty ImagesMeta is slated to report second-quarter earnings on Wednesday after the close of regular...
(FED) Federal Reserve Issues FOMC Statement
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have moderated, and the unemployment rate has moved up but remains low. Inflation has eased over the past year but remains somewhat elevated. In recent months, there...
Circle Introduces Key Updates for Web3 Services in July 2024
Timothy Morano Jul 31, 2024 15:48 Circle's July 2024 updates include Social Logins, Email OTP for Programmable Wallets, and an 'enum' update for Solana API endpoints. Circle has announced significant updates to...
Nvidia stock up after Microsoft, AMD quell fears AI buildout too fast
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. David Paul Morris/Bloomberg via Getty ImagesNvidia shares popped more than 11% Wednesday after...
Fed holds steady at 5.25-5.50%, keeps rate cut plans unclear
Fed kept interest rates unchanged at 5.25-5.50%, as widely anticipated, with a unanimous vote. The accompanying statement closely mirrored June’s guidance for future decisions, maintaining that the Fed is “prepared to adjust the stance of monetary policy as...
More than 100 techies sign VCs for Kamala pledge, backing VP Harris
Democratic presidential candidate, U.S. Vice President Kamala Harris speaks at a campaign rally at the Georgia State Convocation Center on July 30, 2024 in Atlanta, Georgia. Elijah Nouvelage | AFP | Getty ImagesAfter Donald Trump, the Republican nominee for president,...
AI-powered financial advisor has $20 billion in assets
AI-generated responses are becoming more common, whether travelers know or not.Westend61 | Getty ImagesAn automated financial advisor called PortfolioPilot has quickly gained $20 billion in assets in a possible preview of how disruptive artificial intelligence could...
FINRA warns of risks stemming from extended-hours trading
The Financial Industry Regulatory Authority (FINRA) has issued a notice explaining the risks associated with extended-hours trading. Regular trading hours for listed stocks, as defined by the Securities and Exchange Commission (SEC), are from 9:30 a.m. to 4 p.m. ET....
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8810; (P) 0.8843; (R1) 0.8860; More… USD/CHF is holding above 0.8776 support despite today’s dip and intraday bias remains neutral. More consolidations could still be seen but further decline is expected as long as 0.8923 resistance holds. On the...
a16z Crypto Backs Daylight’s Decentralized Energy Protocol
Alvin Lang Jul 31, 2024 17:14 a16z Crypto leads Series A funding for Daylight, a protocol aiming to decentralize energy management through distributed energy resources. a16z Crypto, a venture capital fund known...
Sunset Market Commentary – Action Forex
Markets The biggest moves in markets ahead of tonight’s Fed policy meeting happened in the Japanese yen. A not completely expected rate hike to 0.25% by the Bank of Japan this morning, accompanied by a bond taper programme, took some investors off guard. In a hawkish...
Understanding Tezos Smart Rollups: Key Features and Benefits
Jessie A Ellis Jul 31, 2024 16:08 Discover the intricacies of Tezos Smart Rollups, their benefits, and unique features like being optimistic and enshrined, according to Tezos Spotlight. Tezos is making waves in...
GBP/JPY Accelerates Lower After BoJ Rate Hike
GBPJPY extends steep downtrend by dropping 1.7% on Wednesday and on track for the biggest daily drop since 12 July 2023, after BOJ rate hike further boosted yen, while sterling remains deflated by growing expectations that BoE would deliver a 25 basis points rate cut...
IDFC First Bank grew retail deposit base, better show likely in Q3, ET BFSI
Mumbai: The need for aggressive growth in deposits and branches is tapering off as IDFC First Bank replaces erstwhile IDFC's wholesale deposits with sticky retail deposits, its chief executive officer told ET in an interview.V Vaidyanathan also said he expects...
Tether Reports Record $5.2 Billion Profit in H1 2024, Achieves Highest Treasury Bill Ownership
Zach Anderson Jul 31, 2024 16:35 Tether's Q2 2024 attestation reveals a record $5.2 billion profit in the first half of 2024, highest-ever treasury bill ownership, and almost $12 billion in consolidated equity. ...
Bank of Japan Hikes Rates Further, Slows Bond Buying
Summary The Bank of Japan (BoJ) sprung a mild surprise at today’s announcement, raising its policy rate to around 0.25%, from around 0% to 0.1% previously. The BoJ also said it would reduce the pace of its bond purchases to around ¥3T per month by early 2026. The...
RBI directs banks to provide all information to borrower on classifying them as wilful defaulter, ET BFSI
The Reserve Bank of India (RBI) asked banks to issue show-cause notices to borrowers identified as wilful defaulters, give them a personal hearing, and provide them at least 21 days to reply.The regulator also directed banks to disclose to the borrower all information...
ESMA warns of EU crypto firms using their offshore execution venues
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor authority, has issued an Opinion to address the risks presented by global crypto firms seeking authorisation under the Markets in Crypto Assets (MiCA) Regulation...
FOMC Rate Decision – Potential Impact on EUR/USD, GBP/USD and Dollar Index
The market anticipates a shift in the Fed’s stance, with three rate cuts now expected in 2024 due to softening economic data. A soft landing remains possible as the labor market cools and inflation shows signs of easing. Technical analysis suggests GBP/USD is...
Bitcoin Mining Industry Faces Challenges and Opportunities in 2024 Mid-Year Report
Tony Kim Jul 31, 2024 15:30 The 2024 mid-year report reveals the economic shifts, challenges, and opportunities in the Bitcoin mining industry, including the impact of AI and High-Performance Computing. The...
Month-end fix sees euro selling
A quick round of selling pressure has hit the euro ahead of the month-end London fix.In general, these moves fade after the turn of the hour. This article was written by Adam Button at www.forexlive.com.
Taco Bell to roll out AI drive-thru ordering in hundreds of locations
Gastonia, North Carolina, Taco Bell Mexican fast food restaurant and drive thru at dusk. Jeff Greenberg | Universal Images Group | Getty ImagesYum Brands hopes to use artificial intelligence to take down drive-thru orders at hundreds of Taco Bell restaurants by the...
Is RBI allowing rupee fall to avoid overvaluation?, BFSI News, ET BFSI
The Reserve Bank of India (RBI) appears to be guiding the rupee towards a gradual depreciation, according to recent market trends. Despite the rupee being a theoretically market-determined currency, the central bank's actions suggest a strategic approach to managing...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2815; (P) 1.2841; (R1) 1.2863; More… GBP/USD is losing downside momentum as seen in 4H MACD. But further decline is still expected with 1.2936 resistance intact. Decisive break of 55 D EMA (now at 1.2781) will suggest that rise from 1.2298 has...
SEC charges South Bay Acquisitions in connection with alleged Ponzi scheme
The Securities and Exchange Commission (SEC) today charged South Bay Acquisitions, LLC and its principal, John N. Matson of San Diego, California, with defrauding five investors, including some of his former brokerage customers. According to the SEC’s complaint,...
Cronos (CRO) and Revolut Join Forces to Launch Crypto Education Course
Felix Pinkston Jul 31, 2024 14:39 Cronos (CRO) partners with Revolut to launch 'Cronos Learn,' a course aimed at educating users about cryptocurrencies and Web3, available on the Revolut app. Cronos (CRO) and...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0797; (P) 1.0816; (R1) 1.0835; More….. Intraday bias in EUR/USD is turned neutral with current recovery. But further decline is expected with 1.0869 resistance intact. Sustained break of 55 D EMA (now at 1.0815) will argue that whole rebound from...
India’s top private lenders see farm loan defaults rising amid weak rural economy, ET BFSI
Top Indian private lenders are seeing more farmers and rural borrowers delay loan repayments as unpredictable weather impacts output and rising agricultural costs stretch their incomes further, according to quarterly earnings reports and a dozen bankers.The largest...
USD/JPY Plummets as Bank of Japan Tightens Policy :: InvestMacro
By RoboForex Analytical DepartmentThe USD/JPY pair has experienced a sharp decline, currently at 152.79, following decisive monetary policy adjustments by the Bank of Japan (BoJ). In a significant shift, the BoJ raised its interest rate to 0.25% per annum and unveiled...
LangSmith Introduces Flexible Dataset Schemas for Efficient Data Curation
Zach Anderson Jul 31, 2024 13:54 LangSmith now offers flexible dataset schemas, enabling efficient and iterative data curation for LLM applications, as announced by LangChain Blog. LangSmith has introduced new...
EUR/USD Outlook: Rises on EU CPI and US Labor Data, Bear-Trap Forming on Daily Chart
EURUSD bounced on Wednesday after a triple rejection at 1.0800 support zone (50% retracement of 1.0666/1.0948 rally/daily Kijun-sen) signals formation of a bear-trap. Fresh gains were sparked by higher than expected EU inflation numbers in July which improved Euro’s...
Cannot allow Paytm type contamination in stock markets: Sebi chief, ET BFSI
Stressing on the point that due diligence in financial services is sacrosanct, the Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch said that the KYC Registration Authority (KRA) system in the stock markets is absolutely essential to keep...
ElevenLabs Backs Congressional AI Safety and Innovation Bills
Timothy Morano Jul 31, 2024 13:31 ElevenLabs supports US Congressional efforts to advance AI safety and innovation through two key legislative acts. ElevenLabs, a leader in text-to-speech (TTS) software, has...
US stocks open higher ahead of the FOMC rate decision
The major US stock indices are opening higher ahead of the FOMC rate decision at 2 PM ET. The employment cost data came in a little bit weaker than expectations at 0.9% versus 1.0%. The market is shrugging off the so-so earnings from Microsoft although it started is...
Death of Hamas leader Haniyeh in Iran: Middle East on knife-edge
Hamas Political Bureau Chairman Ismail Haniyeh attending an exclusive interview with Anadolu in Istanbul, Turkiye on April 20, 2024.Anadolu | Anadolu | Getty ImagesThe Middle East is on edge after a dramatic escalation that saw top Hamas leader Ismail Haniyeh killed...
eToro launches staking for Solana and Ethereum
Online broker eToro announces today that it has launched staking on Solana (SOL) and Ethereum (ETH), enabling users to earn rewards in return for opting in. “Staking is essential to blockchains that use a proof-of-stake consensus mechanism, such as Solana and...
Dollar Dips on Weak ADP While Yen Marches On, Market Awaits FOMC
Dollar dipped as weaker-than-expected ADP job data hit the market entering US session. However, the movement has been limited with traders bracing for FOMC rate decision. Fed is widely expected to keep its policy rate unchanged at 5.25-5.50% today. The main focus is...
Indian banks grapple with piling debt amid efforts to expedite recovery, ET BFSI
Indian banks are currently facing a significant backlog in debt recovery cases, with a projected timeline of seven years to resolve them at the present rate. Over 200,000 cases are awaiting resolution in Debt Recovery Tribunals (DRTs), which manage approximately...
CrowdStrike-Microsoft outage cost the airline $500 million
Ed Bastian, chief executive officer of Delta Air Lines Inc., during an interview in New York, US, on Monday, Nov. 7, 2022. Bastian said that he sees 'strong demand' for flights carrying into 2023. Jeenah Moon | Bloomberg | Getty ImagesDelta Air Lines CEO Ed Bastian...
Canadian GDP grows by 0.2% mom in May, exceeds expectations
Canada’s GDP grew by 0.2% mom in May, surpassing the expected 0.1% mom growth. The primary driver of this growth was the goods-producing industries, which saw a 0.4% increase with four out of five sectors expanding. The services-producing industries also...
Oil rises amid escalation of conflict in the Middle East. Inflationary pressures in Australia are easing :: InvestMacro
By JustMarketsUS stocks traded mixed on Tuesday, with the Dow Jones (US30) Index up 0.50% and the S&P 500 (US500) Index down 0.50%. The NASDAQ Technology Index (US100) closed yesterday negative 1.28% and fell to an 8-week low. Stocks gave up early gains on Tuesday...
Hong Kong Monetary Authority Reports Decline in Negative Equity Mortgage Loans for June 2024
Joerg Hiller Jul 31, 2024 12:38 The Hong Kong Monetary Authority's survey reveals a decrease in residential mortgage loans (RMLs) in negative equity by end of June 2024. The Hong Kong Monetary Authority (HKMA)...
Goyal rules out change in FDI policy for China, BFSI News, ET BFSI
New Delhi: Commerce & industry minister Piyush Goyal on Tuesday ruled out an immediate rethink of India’s stance on Chinese investment, while slamming UPA’s economic policies, which had made the country dependent on imports and investments from the neighbouring...
Cannot allow Paytm type contamination in stock markets: Sebi chief, ET BFSI
Stressing on the point that due diligence in financial services is sacrosanct, the Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch said that the KYC Registration Authority (KRA) system in the stock markets is absolutely essential to keep...
Boeing taps Kelly Ortberg as new CEO to replace Dave Calhoun
Kelly Ortberg, chief executive officer of Rockwell Collins Inc., stands for a photograph at the company's production facility in in Manchester, Iowa, U.S., on Wednesday, Aug. 31, 2016. Daniel Acker | Bloomberg | Getty ImagesBoeing has named Robert "Kelly" Ortberg to...
USD/JPY Plummets as Bank of Japan Tightens Policy
The USD/JPY pair has experienced a sharp decline, currently at 152.79, following decisive monetary policy adjustments by the Bank of Japan (BoJ). In a significant shift, the BoJ raised its interest rate to 0.25% per annum and unveiled plans to scale back monthly bond...
FCA imposes restrictions on London Stone Securities
The UK Financial Conduct Authority (FCA) has imposed restrictions on wealth management firm, London Stone Securities Limited. The firm cannot undertake any regulated activity, charge any further fees to existing clients or take on new clients without FCA’s express...
Anita Dunn to join Harris super PAC
Anita Dunn, senior advisor to U.S. President Joe Biden, departs the White House in Washington, D.C., on Jan. 23, 2024.Drew Angerer | Getty ImagesSenior White House advisor Anita Dunn is leaving her post next week to guide a massive political action committee that is...
Gold, Crude Oil Prices Soar on Rising Middle East Tensions, FOMC Next
Gold and oil prices have surged due to rising tensions in the Middle East. Gold with a trendline break as bulls eye $2480/oz, FOMC meeting next. Brent crude oil found support around the 78.00 handle and is currently trading at 80.82 a barrel, with potential for...
Hong Kong Monetary Authority Releases June 2024 Monetary Statistics
Darius Baruo Jul 31, 2024 11:40 The Hong Kong Monetary Authority reports stable total deposits and a slight increase in Hong Kong dollar deposits for June 2024. According to statistics published by the Hong Kong...
10 Advanced Solidity Gas Optimization Techniques
The rapid advancements in the blockchain and Ethereum domain is undoubtedly a good news in the technology-driven era. However it is important to keep in mind that the high gas fees is a pressing issue that one cannot ignore. In fact the substantial gas fees is a major...
Financial bids for IDBI bank likely this fiscal; PSU banks sale on hold: DIPAM Secretary, ET BFSI
The government hopes that IDBI Bank will receive financial bids by the end of this financial year.In an exclusive interview with ANI, Tuhin Kant Pandey, Secretary of the Department of Investment and Public Asset Management (DIPAM), said, "In early August, we will be...
Asian Development Bank commits USD 200 mn loan for Swatch Bharat Mission 2.0, ET BFSI
The ADB's support will upgrade and establish solid waste processing and management facilities such as bio-methanation plants, composting plants, managed landfills, material recovery facilities, and plastic waste processing facilities.The Asian Development Bank (ADB)...
ASIC extends relief for foreign financial services providers from requirement to hold AFS license
The Australian Securities and Investments Commission (ASIC) is extending for a further 12 months the transitional relief for foreign financial services providers (FFSPs) from the requirement to hold an Australian financial services (AFS) licence when providing...
RBI mandates examination of wilful defaulters in NPA accounts over Rs 25 lakh, ET BFSI
The Reserve Bank of India (RBI) has issued a directive to lenders, instructing them to scrutinize wilful defaulters in all Non-Performing Assets (NPA) accounts with outstanding amounts of Rs 25 lakh and above. The process must be completed within six months.The RBI's...
Gold Fights With 2,420 Level Within Ichimoku Cloud
Gold rebounds off 2,370 support Prices penetrate short-term downtrend line But momentum oscillators look overstretched Gold prices have been in a bullish corrective mode during the week, paring/reversing some of its losses from July 24. The price has now surpassed the...
Uber to start using BYD cars in Europe, Latin America and develop ‘autonomous-capable vehicles’
BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479).Arjun Kharpal | CNBCBEIJING — Uber and BYD announced Wednesday that drivers on the ride-hailing platform can get pricing and...
Trump talk to Black journalists conference prompts co-chair to quit
Washington Post Editor Karen Attiah leads a discussion on Saudi hacking techniques at the Oslo Freedom Forum 2019 on May 28, 2019 in Oslo, Norway. Julia Reinhart | Getty ImagesThe co-chair of the annual National Association of Black Journalists convention stepped down...
Boeing (BA) earnings Q2 2024
A logo is seen on the Boeing stand on the opening day of the Farnborough International Airshow 2024, south west of London, on July 22, 2024.Justin Tallis | AFP | Getty ImagesBoeing is set to report results before the market opens on Wednesday. Analysts are expecting...
Binance to Delist Multiple Spot Trading Pairs on August 2, 2024
Iris Coleman Jul 31, 2024 11:00 Binance announces the delisting of several spot trading pairs including ADA/TUSD and AEVO/BNB, effective from August 2, 2024. Binance, one of the world's leading cryptocurrency...
Mcap of BSE-listed firms hit new all-time high of Rs 460 lakh crore, ET BFSI
New Delhi, The market capitalisation of BSE-listed firms hit a new all-time high of Rs 460 lakh crore on Tuesday, helped by a record-breaking rally in equities. The 30-share BSE Sensex closed higher by 99.56 points or 0.12 per cent at 81,455.40 -- its all-time closing...
Revenue Secretary on indexation benefits, ET BFSI
Union Finance Minister Nirmala Sitharaman interacts with Sanjay Malhotra, Revenue secretaryA house is a house, and it cannot be an asset. It is meant for living and is different from shares and other assets, said Sanjay Malhotra, Revenue Secretary, Ministry of Finance...
HKMA Warns Public About Fraudulent Website and Social Media Page Impersonating Public Finance Limited
Lawrence Jengar Jul 31, 2024 10:19 The Hong Kong Monetary Authority alerts the public to a fraudulent website and social media page impersonating Public Finance Limited. The Hong Kong Monetary Authority (HKMA)...
Sitharaman’s ‘Harvard & Oxford’ dig at Chidambaram, ET BFSI
NEW DELHI: Finance minister Niramala Sitharaman, replying to the opposition on the Union Budget on Tuesday, took a veiled dig at senior Congress leader P Chidambaram, saying the "Harvard and Oxford educated" leaders failed to contain the inflation as they adopted...
Microsoft will pay one-time cash awards of up to 25% of annual bonus
Satya Nadella, CEO of Microsoft.Bernd Von Jutrczenka | picture alliance | Getty ImagesMicrosoft on Tuesday said it will pay a one-time performance-based cash award of up to 25% of annual bonus to rank-and-file employees.Salaried and hourly workers at the senior...
SEC charges individual with insider trading ahead of announcement of ADT partnership with Google
The Securities and Exchange Commission (SEC) has charged Palm Beach County resident Charles Baugh with violations of the anti-fraud provisions of the federal securities laws in connection with his trading in the securities of ADT, Inc. ahead of an announcement that...
USDJPY’s Decline Faces 200-Day SMA
USDJPY extends its retreat from recent 38-year high The bears tested 200-day SMA for first time since January 9 Momentum indicators start to warn of oversold conditions USDJPY has been in a steady retreat from its 38-year peak of 161.94, falling to an almost...
2025 Ford Maverick pickup: New tech, hybrid options
DETROIT — Ford Motor has redesigned its small Maverick pickup truck, adding more technology, new performance and hybrid options to the vehicle.Updates to the 2025 Ford Maverick include refreshed exterior and interior styling, including a 13.2-inch center touchscreen;...
Trump to speak at Black journalists convention, as Harris erases his lead in polls
U.S. President Donald Trump speaks on Day 4 of the Republican National Convention (RNC), at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 18, 2024. Jeenah Moon | ReutersDonald Trump is set to field reporters' questions at the National Association of Black...
Reserve Bank of India to hold rates in August, first cut in Q4, ET BFSI
By Anant Chandak and Devayani SathyanBENGALURU - The Reserve Bank of India (RBI) will keep interest rates steady for a ninth straight meeting in August due to persistently high inflation, with a slim majority of economists in a Reuters poll expecting the first rate...
AMD, Nvidia jump as chip stocks rally from earnings, geopolitics boost
Shares of global semiconductor firms rallied on Wednesday as they were boosted by some positive earnings in the sector and a report of potentially less severe U.S. export restrictions on China.AMD was among the morning's big winners with shares up more than 9% in U.S....
ICICI Bank to continue on growth path despite NIM pressures and rising costs: Analysts, ET BFSI
ICICI Bank has reported a solid performance in its Q1 FY25 results, demonstrating healthy credit growth and stable asset quality. Analysts predict that the bank will continue to sustain its growth trajectory, although challenges such as narrowing net interest margins...
Eurozone CPI rises to 2.6% yoy in Jul, core CPI unchanged at 2.9% yoy
Eurozone CPI rose from 2.5% yoy to 2.6% yoy in July, above expectation of 2.4% yoy. Core CPI (ex-energy, food, alcohol & tobacco) was unchanged at 2.9% yoy, above expectation of 2.8% yoy. Looking at the main components, services is expected to have the highest...
HSBC appoints Jonathan Bingham as Interim Group CFO
HSBC Holdings plc today announces that Jonathan (Jon) Bingham has been appointed as Interim Group Chief Financial Officer with effect from 2 September 2024. He will not be appointed as an Executive Director. Mr Bingham will retain his existing responsibilities as...
Big LTCG gains for startups staff holding Esop in secondary deals, ET BFSI
HighlightsReduction in Long-Term Capital Gains (LTCG) tax on unlisted securities to 12.5% from 20% could benefit startup staffers holding Employee Stock Ownership Plans (Esop). Secondary funding rounds where an investor buys shares providing liquidity to employees are...
Binance Expands Loanable Assets for Flexible Rate and VIP Loans
Darius Baruo Jul 31, 2024 09:55 Binance has added new loanable assets for its Flexible Rate and VIP Loan services, enhancing options for users, according to a recent announcement. Binance, a leading...
Pinterest (PINS) Q2 2024 earnings
Bill Ready, CEO of Pinterest, rings the opening bell at New York Stock Exchange (NYSE) in New York City, U.S., May 15, 2024. Brendan McDermid | ReutersPinterest shares sank about 15% when the company reported its second-quarter earnings on Tuesday and provided...
Revenue Secretary shares 3 reasons for changes in Capital Gains tax in Budget 2024, ET BFSI
Sanjay Malhotra, Revenue Secretary, Ministry of Finance shared the three factors that drove the changes in the capital gains tax in the Union Budget 2024. These three factors are: Simplicity, Fairness, and Equity.Substantiating further on how these three factors...
Iran says Israel will ‘pay heavy price’ after death of Ismail Haniyeh
Palestinian group Hamas' top leader, Ismail Haniyeh speaks during a press conference in Tehran, Iran, March 26, 2024. Majid Asgaripour | ReutersIranian officials are condemning what they say was an Israeli strike on Tehran that killed Hamas leader Ismail...
USD/JPY Outlook: Cracks Key 150 Support Zone on Fresh Post-BoJ Acceleration Lower
USDJPY accelerated lower in early European trading on Wednesday, following a mixed immediate reaction on BoJ’s decision to raise interest rate from 0.10% to 0.25% and unveil plan to halve bond buying. The decision was positive for yen and added to currency’s broader...
Sebi proposes to relax disclosure framework for certain FPIs, BFSI News, ET BFSI
The Securities and Exchange Board of India (Sebi) has proposed to relax disclosure norms for large foreign portfolio investors belonging to land-bordering countries (LBCs).It has suggested linking disclosure requirements to a minimum threshold for identification of a...
AMD earnings report Q2 2024
Lisa Su at the Keynote: Lisa Su in Conversation with Ryan Patel as part of SXSW 2024 Conference and Festivals held at the Austin Convention Center on March 11, 2024 in Austin, Texas. (Photo by Travis P. Ball/SXSW Conference & Festivals via Getty Images)Travis P....
Vedant Gaur joins Sterling Trading Tech as Sales Director
Sterling Trading Tech, a provider of technology in order management, risk & margin, and trading, today announced that industry veteran Vedant Gaur will bring his expertise to further build the global bank and brokerage segments. As Sales Director at Sterling...
D.C. attorney general sues StubHub, alleging deceptive pricing
The StubHub logo is seen at its headquarters in San Francisco.Andrej Sokolow | Picture Alliance | Getty ImagesWashington, D.C., Attorney General Brian Schwalb sued the online ticket exchange platform StubHub on Wednesday, alleging deceptive and unfair pricing.The...
Reserve Bank of India to hold rates in August, first cut in Q4, ET BFSI
By Anant Chandak and Devayani SathyanBENGALURU - The Reserve Bank of India (RBI) will keep interest rates steady for a ninth straight meeting in August due to persistently high inflation, with a slim majority of economists in a Reuters poll expecting the first rate...
RBI can’t ignore the costs of everyday items as PM Modi’s economic adviser suggested, ET BFSI
A top Indian government adviser’s suggestion that policymakers cut out volatile food prices while targeting inflation met with skepticism from many economists, who say it’s inappropriate to ignore the costs of everyday items that consumers can’t do without.The...
NZDUSD Poised for Bullish Rotation
NZDUSD rotates higher after touching familiar support zone Technical signals increase the odds for upside reversal FOMC policy announcement might affect USD at 18:00 GMT NZDUSD has had a terrible month, but a bullish rotation this week has brought hope that the...
US reportedly will exempt allies from China chip controls; ASML shares rise
Shares of ASML jumped as much as 10% on Wednesday after a Reuters report suggested that the company could be exempted from expanded export restrictions on chipmaking gear to China.Reuters reported on Thursday that the U.S. is considering expanding the so-called...
Spider Tanks Unveils Dragon Cave Arena: A New Battlefield for Tank Olympiad
Tony Kim Jul 31, 2024 06:40 Spider Tanks introduces Dragon Cave, a new symmetrical arena with strategic elements and repair kits, enhancing gameplay dynamics for Tank Olympiad. Spider Tanks, a popular game by...
Here’s the full list, BFSI News, ET BFSI
Banks to be shut for as many as 13 days in August 2024 according to the list by the Reserve Bank of India. This includes the weekend holidays, i.e., the second and fourth Saturdays and all Sundays. Internet banking services will continue to be operational during these...
Iran says Hamas leader Ismail Haniyeh was assassinated in Tehran
Hamas Political Bureau Chairman Ismail Haniyeh attending an exclusive interview with Anadolu in Istanbul, Turkiye on April 20, 2024.Anadolu | Anadolu | Getty ImagesHamas leader Ismail Haniyeh was assassinated in Tehran, Iran's paramilitary Revolutionary Guard said...
RBI issues norms to improve safety of payment systems, BFSI News, ET BFSI
The RBI on Tuesday said non-bank payment system operators will have to put in place a real-time fraud monitoring solution to identify suspicious transactional behaviour and generate alerts. Also, non-bank payment system operators (PSOs) will have to ensure that an...
Stellantis to offer buyouts to U.S. salaried workers
DETROIT — Automaker Stellantis plans to once again reduce its U.S. employee headcount through a broad voluntary buyout, as the company attempts to reduce costs and boost profits.In an email to employees Tuesday morning, the company said it would offer a voluntary...
OFX partners with Technosis on FX payment solutions in Germany
Australia based payment solutions provider OFX (ASX:OFX) has announced a new partnership with German finance software company Technosis, to launch an integrated multi-currency payment solution. This solution aims to help businesses in Germany save time with fast,...
USD/JPY Technical: JPY Strength Halted Right at 151.70 Support as BoJ Hiked Interest Rate. What’s Next for JPY?
BoJ hiked its overnight interest rate to 0.25% and announced its “Quantitative Tightening” plan, without much major surprises. USD/JPY sold off but still hovering above its 151.70 key short-term support. Cannot rule out the possibility of another minor mean reversion...
Samsung bets on the Galaxy Ring and AI as its next big thing
Samsung in July released the Galaxy Ring, the South Korean tech giant's first foray into smart rings.The $399.99 device has sensors that can track various health metrics like sleep quality, linking up with Samsung's smartphones and smartwatch.Along with its S24 series...
IIFL Fintech Fund picks up 10% stake in genAI startup Vitra, ET BFSI
IIFL Fintech Fund – backed by diversified financial services conglomerate IIFL Group – has made its first investment in a generative AI startup - Vitra.ai, a firm specialising in advanced language translation solutions powered by Generative AI. IIFL Fintech Fund has...
Digital KYC, blockchain-based credit solutions part of RBI’s fifth innovation sandbox, ET BFSI
The Reserve Bank of India has shortlisted five ideas around blockchain-based lending, asset management and digital KYC for its fifth sandbox cohort, the central bank said on Friday.These included proposals from two major fintech startups, Signzy and Epifi.Peak XV and...
Headline fiscal deficit masks true adjustment, public debt should be lower: Report, ET BFSI
For India, even though there are no formal fiscal rules in place, policymakers have been following the path of fiscal consolidation. The consolidated fiscal deficit was lowered from 6.9 per cent in FY16 to 5.8 per cent in FY19 and public debt to GDP stabilised at...
FX option expiries for 31 July 10am New York cut
There are just a couple to take note of, as highlighted in bold.They are for USD/JPY and in a wider range, considering the volatility in the pair as we digest the BOJ decision. There is one at 152.50 which doesn't hold much technical significance. But it could hold...
Strong AI demand lifts profits
The Samsung logo is on display at their pavilion during the Mobile World Congress in Barcelona, Spain, on February 28, 2024. (Photo by Joan Cros/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesSamsung Electronics on Wednesday reported higher-than-expected...
Eisai Biogen Alzheimer’s drug Leqembi shows benefits over three years
The newly FDA approved Alzheimer's treatment Leqembi is prepared at Abington Neurological Associates in Abington, PA., on Tuesday, November 7, 2023. Hannah Yoon | The Washington Post | Getty ImagesThe breakthrough Alzheimer's drug Leqembi slowed disease progression in...
Harris directly challenges Trump to debate: 'Say it to my face'
Vice President Kamala Harris goaded Donald Trump at a rally in Atlanta before a roaring crowd of more than 10,000 supporters.
Yen Up Slightly After BoJ Hike; Aussie Tumbles on Core Inflation Relief
Yen rose broadly today after the BoJ raised interest rates for the second time this year, and maintained hawkish bias. However, buying momentum has not been decisive. This lack of strong momentum can be attributed to the fact that the rate hike decision was likely...
Spider Tanks Introduces Dragon Cave Arena
Rebeca Moen Jul 31, 2024 07:06 Gala Games unveils the Dragon Cave arena for Spider Tanks, highlighting its strategic depth and unique features. Gala Games has unveiled a new arena for its popular game, Spider...
Bitvavo to use Nasdaq Market Surveillance to detect and investigate suspected market abuse
Bitvavo and Nasdaq today announced an agreement that will see the digital asset exchange use Nasdaq’s Market Surveillance technology across its platform. Bitvavo, established in 2018 in Amsterdam, is a European cryptocurrency trading exchange with over 1.5 million...
Eternal Paradox Prepares for Final Conquest of Season 5
Jessie A Ellis Jul 31, 2024 07:58 Eternal Paradox gears up for the final Conquest of Season 5. Guilds battle for control of the Ring of Ruin. Who will emerge victorious? As Eternal Paradox approaches the final...
Will abolishing angel tax end funding winter for startups?, BFSI News, ET BFSI
The central government has abolished the angel tax, a significant move expected to end the funding winter for startups and attract substantial foreign investment. This decision, announced in the Union Budget 2024-25, aims to simplify the investment process and bolster...
Starbucks (SBUX) Q3 2024 earnings
Starbucks glass art on a store in Tokyo.Jakub Porzycki | Nurphoto | Getty ImagesStarbucks is expected to report its fiscal third-quarter earnings after the bell on Tuesday.Here is what Wall Street analysts surveyed by LSEG are expecting:Earnings per share: 93 cents...
Spooked Bitcoin – Action Forex
Market picture The cryptocurrency market pulled back 3% to a capitalisation of $2.4 trillion, erasing gains for a while due to the Bitcoin conference. For the past week and a half, the market has been predominantly moving in the $2.4-2.5 trillion range. The hesitancy...
Leverate integrates with Indian PSP Cricpayz
Leverate, a leading technology provider for the brokerage and prop trading industries, has announced its integration with Cricpayz, a prominent Indian Payment Service Provider. This partnership marks another step forward in Leverate’s ongoing expansion efforts within...
Sui Foundation Awards Grants to Innovative Web3 Projects
Rongchai Wang Jul 30, 2024 18:55 The Sui Foundation announces its latest grant recipients for May-July 2024, supporting projects that enhance the Sui ecosystem. The Sui Foundation has revealed the latest round...
Host of challenges ahead for private banks in Q2, BFSI News, ET BFSI
Mumbai: India's non-state banks are likely entering a period of margin compression, deterioration in asset quality, rising provisions and high credit costs, the June-quarter results for most private sector lenders have signalled. Banks are also expected to see intense...
USD/JPY – All Eyes on Bank of Japan, Yen Slips
The Japanese yen has sparkled in the second half of July but has lost steam this week. USD/JPY is trading at 154.88 in the European session, up 0.57% on the day at the time of writing. To hike or not to hike The Bank of Japan meets early Wednesday and the markets...
Biggest Marketing Mistakes Brokers Are Making
The following is a guest editorial courtesy of Charlotte Day, Creative Director at Contentworks Agency. Marketing your brokerage is becoming ever more challenging thanks to constant Google algorithm changes, tightening budgets, a rapid increase in competitors and...
EUR/USD Outlook: Corrects Monday’s Drop, Looks for Fresh Direction Signal
EURUSD edges higher on Tuesday morning after strong fall on Monday was contained by solid support at 1.0807 (daily Kijun-sen / 50% retracement of 1.0666/1.0948 rally) and also failed to register a daily close below cracked converged 55/200DMA’s (1.0815). Monday’s...
Banks borrow more than they raise deposits to fund loan demand, ET BFSI
Banks borrowed a record Rs 1.19 lakh crore from the market to fund demand for loans while they could mobilised lesser deposits - Rs 1.02 lakh crore in early July, according to the latest Reserve Bank of India data (RBI) data, highlighting the challenges faced by banks...
Enhancing AI Search Precision: NVIDIA Boosts RAG Pipelines with Re-Ranking
Alvin Lang Jul 30, 2024 18:19 NVIDIA introduces re-ranking to improve the precision and relevance of AI-driven enterprise search results, enhancing RAG pipelines and semantic search. In the rapidly evolving...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2816; (P) 1.2852; (R1) 1.2898; More… No change in GBP/USD’s outlook and intraday bias stays on the downside. Decisive break of 55 D EMA (now at 1.2779) will suggest that rise from 1.2298 has completed with three waves up to 1.3043 Deeper fall...
SEC charges BitClout founder Nader Al-Naji with fraud
The Securities and Exchange Commission (SEC) today charged Nader Al-Naji with perpetrating a multi-million-dollar fraudulent crypto asset scheme involving a social media platform called BitClout and its native token of the same name (BTCLT). According to the SEC’s...
Yes Bank in stake sale talks to give exit to its lenders, ET BFSI
Private sector lender Yes Bank is working toward giving an exit to its current shareholders, particularly State Bank of India (SBI), chief executive Prashant Kumar told ET."Banks led by State Bank of India had come in to support the reconstruction scheme. As per...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0793; (P) 1.0831; (R1) 1.0860; More….. EUR/USD’s fall from 1.0947 is in progress and intraday bias stays on the downside. Sustained break of 55 D EMA (now at 1.0815) will argue that whole rebound from 1.0601 has completed with three waves up to...
Comprehensive Guide to Web3 Development in 2024
Felix Pinkston Jul 30, 2024 16:51 Explore the essentials of Web3 development, skills required, and how to start a career in decentralized applications, according to BNB Chain Blog. The term “Web3” is often used...
Happy 50th birthday to the UPC barcode – no one expected you would revolutionize global commerce :: InvestMacro
By Jordan Frith, Clemson University The first modern barcode was scanned 50 years ago this summer – on a 10-pack of chewing gum in a grocery store in Troy, Ohio.Fifty is ancient for most technologies, but barcodes are still going strong. More than 10 billion barcodes...
MetDesk and NVIDIA Earth-2 Revolutionize Energy Trading with AI-Driven Weather Forecasts
Peter Zhang Jul 30, 2024 17:19 MetDesk integrates NVIDIA Earth-2 for enhanced AI-driven weather forecasts, transforming energy trading with precise, rapid predictions. MetDesk, a leading UK-based professional...
Indian Bank to sell Rs 400 crore NPAs to ARCs in FY25, BFSI News, ET BFSI
CHENNAI: Indian Bank will sell about Rs 400 crore of non performing assets (NPAs) to asset reconstruction companies (ARCs) in the current financial year of FY25. During the last fiscal of 2023-24, the public sector bank sold Rs 464 crore of NPAs to ARCs.Indian Bank MD...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8831; (P) 0.8851; (R1) 0.8882; More… Intraday bias in USD/CHF stays neutral and consolidations from 0.8776 could extend. Further decline is expected as long as 0.8923 resistance holds. On the downside, break of 0.8776 will resume the fall from...
Microsoft (MSFT) Q4 earnings report 2024
Microsoft CEO Satya Nadella speaks during the company's Build developer conference in Seattle on May 21, 2024.Jason Redmond | AFP | Getty ImagesMicrosoft is scheduled to report fiscal fourth-quarter earnings after U.S. market close on Tuesday.Here's what analysts...
Euronext announces cancellation of 2.87M repurchased shares
Pan-European market infrastructure Euronext today announced the cancellation of 2,870,787 ordinary shares. The cancellation follows the completion of Euronext’s €200 million share repurchase programme on 3 January 2024. The cancellation of the ordinary shares is in...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 153.25; (P) 153.80; (R1) 154.58; More… Intraday bias in USD/JPY stays neutral at this point. Further decline is in favor as long as 155.36 support turned resistance holds. On the downside, decisive break of 151.89 resistance turned support will...
Movement Labs to Enhance Liquidity and Community of MoveVM-Based L2 Chains with AggLayer
Darius Baruo Jul 30, 2024 16:30 Movement Labs announces integration of MoveVM-based L2s with AggLayer, aiming to unify liquidity and user bases across aggregated chains. Movement Labs has unveiled a strategic...
RBI, BFSI News, ET BFSI
MUMBAI: The digital decade has triggered a major shift in jobs in the financial sector. With most clerical work being automated, middle and lower-end jobs are disappearing. The ratio of officers to support staff has changed from 50:50 in FY11 to 74:26 in FY23 (see...
CrowdStrike shares plunge 11% on report that Delta may seek damages
Sopa Images | Lightrocket | Getty ImagesCrowdstrike shares fell tumbled% on Tuesday to their lowest level of the year following a report that Delta Airlines hired prominent attorney Davide Boies to seek damages from the security software vendor.Crowdstrike fell $28.98...
AUD/USD Outlook: Holds in Extended Consolidation Above Strong Supports
AUDUSD remains in extended consolidation around the base of thick daily cloud (0.6538), and above pivotal Fibo support at 0.6528 (61.8% of 0.6362/0.6798), following a steep fall in past nine days. Bears are taking a breather on stretched daily studies, but remain in...
Braced for BoJ & Fed combo :: InvestMacro
USDJPY could see extreme volatility this weekOver past year BoJ decision triggered moves of ↑ 1.1%Fed decision sparked moves of ↑ 0.6% & ↓ 1.3% over past yearBloomberg FX model: 77% USDJPY – (151.30 – 157.99)Key technical level – 155.00A super central bank combo...
It’s important to learn his ‘basic lesson’ from the recent Microsoft outage, ET BFSI
India's nodal cyber security agency Cert-IN has warned organisations about hacking attacks related to the recent CrowdStrike outage that brought down 8 million-plus Microsoft Windows machines across the world. "There are reports of an ongoing phishing campaign...
Blast Data Now Accessible on Arkham Platform
Caroline Bishop Jul 30, 2024 15:14 Arkham has announced the integration of Blast data, allowing users to explore wallets, DeFi protocols, and set real-time alerts on the platform. Arkham Intelligence has...
RBI’s measures for non-bank PSOs, ET BFSI
The Reserve Bank of India (RBI) on Tuesday released master directions on Cyber Resilience and Digital Payment Security Controls for non-bank Payment System Operators (PSOs).As per the RBI circular, the PSO shall formulate a Board approved Information Security policy...
Perplexity AI to share revenue with publishers after plagiarism accusations
Perplexity AI on Tuesday debuted a revenue-sharing model for publishers, after more than a month of plagiarism accusations. Media outlets and content platforms like Fortune, Time, Entrepreneur, The Texas Tribune, Der Spiegel and WordPress.com are the first to join the...
US consumer confidence rises to 100.3, staying in narrow range prevails over two years
US Conference Board Consumer Confidence rose from 97.8 to 100.3 in July, above expectation of 99.8. Present Situation Index fell from 135.3 to 133.6. But Expectations Index rose from 72.8 to 78.2. Nevertheless, Expectations reading below 80 usually signals a recession...
Capitolis launches fast-track Novations technology
Capitolis, a technology company creating safer and more vibrant capital markets, announced it has successfully launched its fast-track Novations technology with the execution of a same day tear-up. Reaching this milestone—the first of its kind in the FX options...
Meta reaches $1.4 billion settlement in Texas biometric data suit over Facebook
Meta's CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol in Washington, U.S., January 31, 2024. Evelyn Hockstein | ReutersMeta agreed to pay $1.4 billion to settle a lawsuit by the state of Texas...
New charges, late payment fee, bill payment rules, and more, ET BFSI
HDFC Bank has made some important changes regarding terms and charges for its credit card customers. These changes are effective from August 1, 2024, as per the HDFC Bank website.New HDFC Bank credit card fees, charges applicable from August 1, 2024Rental...
Is BoE Really Close to Announcing a Rate Cut?
BoE meets on Thursday with a rate cut firmly on the cards Data has been positive but doves in control of the committee Pound could suffer on Thursday but still favoured against the euro Rate announcement at 11.00 GMT with the press conference held 30 minutes later The...
Highest class will include snacks, W-Fi, bags
A Spirit commercial airliner prepares to land at San Diego International Airport in San Diego, California, U.S., January 18, 2024. Mike Blake | ReutersFree Wi-Fi? Free checked bag? Free snacks? On Spirit?The Florida-based carrier that is practically synonymous with...
Amazon responsible for faulty goods sold on its marketplace: CPSC
Packages move along a conveyor belt at an Amazon Fulfillment center on Cyber Monday in Robbinsville, New Jersey, on Nov. 28, 2022.Stephanie Keith | Bloomberg | Getty ImagesFederal regulators have determined that Amazon can be held responsible for defective goods sold...
Binance Launchpool to Integrate DeFi BNB Assets with Web3 Wallet
Jessie A Ellis Jul 30, 2024 14:28 Binance extends DeFi BNB Assets support to its Web3 Wallet, enhancing the BNB ecosystem. New integrations include liquid staking tokens and more. Binance, a leading...
Two tornado scientists take us inside the real world of storm chasing :: InvestMacro
By Yvette Richardson, Penn State and Paul Markowski, Penn StateScientists in a truck outfitted with instruments race toward a storm.National Severe Storms Lab/NOAAStorm-chasing for science can be exciting and stressful – we know, because we do it. It has also been...
Sunset Market Commentary – Action Forex
Markets A slew of European data hit the wires today and after wrapping up this report some more are scheduled for release in the US (JOLTS, consumer confidence). GDP Q2 growth numbers were due in Hungary and the Czech Republic (see below), in core countries including...
Sundaram Home Finance steadily increasing presence outside South India: MD, ET BFSI
Chennai, Sundaram Home Finance is in the process of steadily increasing its presence outside the southern parts of the country, a top official of the company has said. The company, a wholly-owned subsidiary of Sundaram Finance Ltd, has registered a 16 per cent...
Shapiro, Harris VP contender, has tax filing event with Yellen
Josh Shapiro speaks at his swearing in as Governor of Pennsylvania at the State Capitol Building on January 17, 2023 in Harrisburg, Pennsylvania.Mark Makela | Getty ImagesPennsylvania Gov. Josh Shapiro will join Treasury Secretary Janet Yellen to announce that...
Bitcoin (BTC) May Pause After Recent Surge, Says Bitfinex Alpha
Tony Kim Jul 30, 2024 14:13 Bitcoin (BTC) hit $70,000 on Bitfinex on July 29, recovering over 30% from its July 5 low. Bitfinex Alpha suggests a potential market pause. Bitcoin (BTC) experienced a significant...
Major indices are higher in early US trade. AMD, MIcrosoft, Starbucks and Pinterest report
The major indices are higher in early US trade. After the close AMD, Microsoft, Starbucks, and Pinterest report earnings. Microsoft shares are trading up $2.15 or 0.50% in early trading.A snapshot of the market 12 minutes into the open is showing: Dow Industrial...
JetBlue shares jump after surprise profit in second quarter
A JetBlue Airways plane takes off from the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida.Joe Raedle | Getty ImagesJetBlue Airways shares jumped more than 17% on Tuesday after the airline posted a surprise profit and...
RBI releases master direction for wilful and large loan defaulters, ET BFSI
The Reserve Bank of India (RBI) on Tuesday released a Master Direction on the treatment of wilful defaulters and large defaulters, providing a framework to handle cases of loan defaults. This directive, effective 90 days from the publication, is applicable to all...
NAGA CCO Sam Chaney departs
FNG has learned that more executive moves are afoot at Retail FX and CFDs broker NAGA Group (ETR:N4G), ahead of NAGA’s pending acquisition by rival Capex.com. The latest NAGA executive to leave is Sam Chaney, NAGA’s Chief Commercial Officer (CCO). Sam Chaney joined...
Quiet Forex Trading with Dollar Leading, AUD/JPY at Make-or-Break Level
Overall trading in the forex markets remained relatively subdued today. Dollar continues to hold the top position, despite the absence of clear follow-through buying momentum. Investor caution is also evident in US stock futures, which are moving within a tight range....
This private bank revises interest rates on fixed deposits, ET BFSI
RBL Bank has revised the interest rates of fixed deposits for amounts below Rs 3 crore. The revised FD interest rates are effective from July 29, 2024. The bank has also revised savings account interest rates. The new rates are effective July 1, 2024.Up to 8% FD rate:...
Ex-Banker Ordered to Disgorge $3 Million in Illegal Insider Trading Profits
Lawrence Jengar Jul 30, 2024 13:13 A former banker has been ordered to return $3 million in illegal gains from insider trading, according to the Securities and Futures Commission. A former banker has been...
Merck (MRK) earnings Q2 2024
The exterior view of the entrance to Merck headquarters in Rahway, New Jersey, on Feb. 5, 2024.Spencer Platt | Getty ImagesMerck on Tuesday reported second-quarter revenue and adjusted earnings that topped Wall Street's expectations as it saw strong sales from its...
Russia considers legalizing crypto as a form of payment amid sanctions
Illustrative image of two commemorative bitcoins seen in front of the national flag of Russia displayed on a computer screen.Artur Widak | Nurphoto | Getty ImagesRussia is considering legalizing the use of cryptocurrency for international payments as the country faces...
Has Rally in GBPCAD Peaked?
GBPCAD stabilizes near 3-year high, at the top of a bullish channel Technical signals flag weaker sessions ahead; bears eye 1.7700 level GBPCAD is in the fifth week of gains, having exponentially risen to 1.7849 last week– the highest level reached since March 2021....
Oil prices fell to June lows. Traders are waiting for Australian inflation data :: InvestMacro
By JustMarketsAt the end of Monday, the Dow Jones (US30) decreased by 0.12%, while the S&P 500 (US500) was up 0.08%. The NASDAQ Technology Index (US100) closed positive 0.07%. The broad market rose on Monday and extended last Friday’s rally on expectations of a...
Sanjay Shukla assumes charge as MD of National Housing Bank, BFSI News, ET BFSI
New Delhi, The National Housing Bank on Tuesday said Sanjay Shukla has assumed the charge of Managing Director following an approval from the government. Prior to this, Shukla served as the Managing Director & CEO of Centrum Housing Finance Ltd (CHFL) since...
Boeing, Airbus orders muted amid supply chain woes
An Airbus A321 flies at the Farnborough International Airshow, in Farnborough, Britain, July 22, 2024.Toby Melville | ReutersFARNBOROUGH, England — Massive airplane orders, hundreds deep in recent years, were absent from this year's biggest air show. The focus instead...
FM Nirmala Sitharaman responds to INDIA bloc’s questions in Lok Sabha, ET BFSI
The Union Budget 2024 infuses in itself everything that would lead India to the path of becoming 'Viksit Bharat', Union Finance Minister Nirmala Sitharaman said as she answered the questions raised by the Opposition INDIA bloc in Lok Sabha on Tuesday."This Budget...
EURJPY Stubbornly Fights for An Upturn
EURJPY remains resilient above pivotal territory Some recovery likely, but short-term risk not bullish yet Eurozone Q2 GDP growth +0.3% q/q vs +0.2% q/q expected EURJPY is making another attempt to pierce through the 168.00 level and the support-turned-resistance...
Bitfinex to List Ethereum-Based Memecoin TURBO
Peter Zhang Jul 30, 2024 12:13 Bitfinex announces the listing of Turbo (TURBO), an Ethereum-based memecoin created with ChatGPT, with trading set to commence on August 1, 2024. Bitfinex, a leading digital asset...
Daimler India partners with Bajaj Finance to offer comprehensive finance solutions, ET BFSI
Chennai, Daimler India, a subsidiary of German truck manufacturer Daimler Truck AG, has partnered with Bajaj Finance, part of the Bajaj Finserv Group, to offer comprehensive financing solutions to customers. The collaboration between the two entities aims to enhance...
BGC registers 11.7% Y/Y growth in revenues in Q2 2024
BGC Group, Inc. (NASDAQ:BGC) today reported its financial results for the quarter ended June 30, 2024. BGC’s revenues grew by 11.7 percent to $550.8 million, representing record second quarter revenues and reflecting broad-based growth across all geographies. BGC...
Generative AI in Education: Real-Life Examples and Benefits
Artificial intelligence made machines capable of understanding like humans. The arrival of generative AI ensured that machines could also talk to us like a friend, colleague or partner. The benefits of generative AI in education and many other sectors have drawn...
Procter & Gamble (PG) Q4 2024 earnings
Procter & Gamble on Tuesday reported mixed quarterly results, but the company's volume increased for the first time in more than two years.Volume excludes pricing, making the metric a more accurate reflection of demand than sales. Over the last several years,...
Liquidity tightness to continue in the near term, how will banks fare? Gaurav Kochar answers, ET BFSI
Gaurav Kochar, Fund Managers, Mirae Asset Investment, says for banks with very strong liability franchises, large private banks, the large PSU banks, deposit mobilisation is not that big a challenge. While the challenge is real for all banks, but the larger banks...
WTI Oil: At the Risk of Further Drop to Retest Major Range Support of US$73.15-71.35/Barrel
Citigroup Economic Surprise Indices across the different regions (except for Latin America) on average are suggesting lackluster economic growth. US crude oil inventories (excluding SPR) are showing signs of a build-up. Technical factors are suggesting further...
Neuralink rival Synchron offers thought control with Apple Vision Pro
Mark uses the Vision Pro with his BCICourtesy of SynchronNeurotech startup Synchron on Tuesday announced it has connected its brain implant to Apple's Vision Pro headset. It's now possible for patients with limited physical mobility to control the device using only...
RBI can’t ignore the costs of everyday items as PM Modi’s economic adviser suggested, ET BFSI
A top Indian government adviser’s suggestion that policymakers cut out volatile food prices while targeting inflation met with skepticism from many economists, who say it’s inappropriate to ignore the costs of everyday items that consumers can’t do without.The...
NZD/USD Sinks to Three-Month Minimum, Driven by Rate Speculation and Strengthening USD :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair plummeted to 0.5892, marking a significant three-month low. The New Zealand dollar remains under pressure as the US dollar gains strength due to the start of the Federal Reserve’s two-day meeting.The Fed is expected...
NZD/USD Sinks to Three-Month Minimum, Driven by Rate Speculation and Strengthening USD
The NZD/USD pair plummeted to 0.5892, marking a significant three-month low. The New Zealand dollar remains under pressure as the US dollar gains strength due to the start of the Federal Reserve’s two-day meeting. The Fed is expected to leave the interest rate in the...
AMD Instinct MI300X Accelerators Boost Performance for Large Language Models
James Ding Jul 30, 2024 11:50 AMD's MI300X accelerators, with high memory bandwidth and capacity, enhance the performance and efficiency of large language models. AMD's latest innovation, the Instinct MI300X...
Pfizer (PFE) earnings Q2 2024
Kena Betancur | Corbis News | Getty ImagesPfizer on Thursday reported second-quarter revenue and adjusted earnings that blew past expectations and raised its full-year outlook, benefiting from its broad cost-cutting program, better-than-expected sales of its Covid...
Foreign investors unhappy after India restores curbs on some bond purchases, ET BFSI
By Dharamraj DhutiaMUMBAI - Foreign investors see India's decision to return to curbs on purchases of some government securities as a flip-flop in policy that may force them to redraw investment strategies, global fund managers said on Tuesday.Such limits were dropped...
RBI imposes penalties on 3 payment system operators including Visa Worldwide, ET BFSI
NEW DELHI: The Reserve Bank of India has imposed penalties on three payment system operators, namely Visa Worldwide, Ola Financial Services, and Manappuram Finance, for the companies failure to adhere to regulatory compliance.Visa Worldwide Pte Limited has been fined...
Alphabet partnership with AI firm Anthropic probed by UK regulator
In this photo illustration, the Alphabet Inc. logo seen displayed on a smartphone screen and the Google logo in the background. Jaque Silva | Lightrocket | Getty ImagesBritain's competition regulator on Tuesday said that it is investigating to see if Google parent...
Leonardo.Ai Joins Forces with Canva to Revolutionize AI Creativity
Lawrence Jengar Jul 30, 2024 10:51 Leonardo.Ai partners with Canva to enhance AI-driven creativity, aiming to scale research and introduce new features for creators. Leonardo.Ai is set to supercharge its...
Short seller Andrew Left surrenders on securities fraud charges
Andrew Left, founder and CEO of Citron Research.Adam Jeffery | CNBCThe activist short seller Andrew Left surrendered in Los Angeles on Monday to face federal criminal securities fraud charges, a spokesman for the U.S. Attorney's Office there said.Left, 54, is...
GBP/USD Stalls as Bulls and Bears Clash Ahead of Central Bank Meetings
The GBP/USD pair is currently experiencing a standoff between bulls and bears, with the pair clinging to support at the 1.2850 level. The upcoming Federal Reserve and Bank of England policy meetings are adding to market uncertainty, with the odds of a BoE rate cut...
Novo Nordisk GLP-1 liraglutide may slow Alzheimer’s progression
A box of the drug Victoza, made by Novo Nordisk Pharmaceutical, sits on a counter at a pharmacy in Provo, Utah, January 9, 2020.George Frey | ReutersAn older, once-daily drug for diabetes and obesity from Novo Nordisk called liraglutide may slow the progression of...
Former China CITIC Bank International exec deputy general manager to disgorge $3M in gains from insider dealing
The Securities and Futures Commission (SFC) of Hong Kong announces that the Market Misconduct Tribunal (MMT) has ordered Mr Wu Kam Shing, a former executive deputy general manager of China CITIC Bank International Limited, to disgorge close to $3 million in ill-gotten...
August 2024 Bank Holidays: Banks closed up to 13 days
August 2024 Bank Holidays: In August, banks across India, both public and private, will be closed for up to 13 days, including Sundays, national and regional holidays, and the second and fourth Saturdays of the month.Various festivals will be celebrated in different...
Conflux (CFX) Network Prepares for v2.4.0 Hardfork Upgrade
Jessie A Ellis Jul 30, 2024 10:27 Conflux (CFX) Network announces v2.4.0 hardfork upgrade. Nodes must be updated before Epoch 101900000, estimated between August 5-6, 2024. The Conflux (CFX) Network is set to...
CADJPY: Trade of the Week
The Canadian Dollar (CAD) weakened on Monday as it lagged behind the strengthening US Dollar ahead of the Federal Reserve’s rate decision. This week, the CAD is underrepresented on the economic calendar, making it susceptible to broader market movements and central...
Biden’s exit highlights age of U.S. politicians
President Joe Biden, age 81, ended his 2024 reelection bid as concern for his vitality mounted within the Democratic Party."There are cognitive issues," said former Senator Bob Kerry, D-Neb., in a July interview with CNBC.The issue of aging lawmakers in the U.S....
CySEC fines Exelcius Prime – FX News Group
The Cyprus Securities and Exchange Commission (CySEC) has imposed a fine of €3,500 on Exelcius Prime Ltd. The decision, which was announced today, was made at a CySEC meeting held on June 17, 2024. The fine stems from the firm’s non-compliance with: Section 58(d) of...
Digital interconnectedness can lead to systemic risks, says RBI governor Shaktikanta Das, ET BFSI
RBI governor Shaktikanta Das has warned that increased digital interconnectedness can lead to systemic risks even as he counted the strides made in the financial sector due to increased digitalisation."Digitalisation also presents challenges related to cybersecurity,...
Investor moves court over Sebi waiver for ICICI Sec delisting, ET BFSI
An investor in ICICI Securities has moved the Bombay High Court, contesting the Securities and Exchange Board of India's decision to grant parent ICICI Bank relaxation from rules on delisting the broking firm.Aruna Modi, a shareholder of ICICI Securities, said in a...
Swiss KOF falls to 101, signals moderate growth ahead
Swiss KOF Economic Barometer fell from 102.7 to 101.0 in July, missing the expected 102.6. This drop indicates that the Swiss economy is likely to continue growing at a “rather moderate pace” in the near future, according to KOF. The decline, while not unanimous...
NVIDIA CEO Jensen Huang Predicts Ubiquitous AI Assistants at SIGGRAPH 2024
Rongchai Wang Jul 30, 2024 09:37 NVIDIA CEO Jensen Huang forecasts a future where AI assistants are ubiquitous, discussing the advancements in generative AI and accelerated computing at SIGGRAPH 2024. NVIDIA CEO...
RBI’s new Regulatory Sandbox includes tech for enhancing credit access to streamlining KYC, ET BFSI
The Reserve Bank had announced opening of the Fifth Cohort (Theme Neutral) under Regulatory Sandbox. It has received 22 applications of which five have been selected for the ‘Test Phase’. The entities, as per details below, shall commence testing of their solutions...
ATFX secures Hong Kong SFC License
ATFX, a leading global CFD broker, has announced that the company has been granted a Type 3 license from the Hong Kong Securities and Futures Commission (SFC) (Central Entity Number: BUM667). The company said that this significantly enhances ATFX’s services in the...
Harris VP names Shapiro, Kelly, Walz, Buttigieg can raise big money
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 | ReutersPennsylvania Gov. Josh Shapiro will rub elbows this week with a group of Vice President...
Eurozone GDP grows 0.3% qoq in Q2, above expectation 0.2% qoq
Eurozone GDP grew 0.3% qoq in Q2, better than expectation of 0.2% qoq. EU GDP also grew 0.3% qoq. Comparing with the same quarter a year ago, Eurozone GDP grew 0.6% yoy while EU grew 0.7% yoy. Among the Member States for which data are available , Ireland (+1.2%)...
The clerks are going missing in this digital decade, ET BFSI
The financial sector is undergoing significant changes due to advancements in digital technology. Since the onset of the digital decade, automation has increasingly replaced clerical work, resulting in a decline of middle and lower-end jobs. This shift has impacted...
“Deadpool & Wolverine” sets new direction
Robert Downey Jr. speaks onstage during the Marvel Studios Panel in Hall H at SDCC in San Diego, California on July 27, 2024.Jesse Grant | Getty Images Entertainment | Getty ImagesEditor's note: This article contains spoilers for "Deadpool & Wolverine."Marvel is...
India’s digital economy poised to constitute 1/5th of GDP by 2026: RBI report, ET BFSI
Mumbai, India's digital economy is poised to constitute a fifth of GDP by 2026 from one-tenth at present, according to a Reserve Bank report released on Monday. In the foreword of 'Report on Currency and Finance (RCF) for the year 2023-24', Reserve Bank Governor...
US 100 Index Stops at Uptrend Line; Positive Risks Not Faded Yet
US 100 heads up, standing beneath short-term rising trend line Stochastics point north above oversold region RSI ticks higher below 50 level The US 100 (cash) index had a strong pullback off the 18,715 support, failing to extend its dive from the all-time high of...
MAS reprimands RVP One for breaches of Securities and Futures Regulations
The Monetary Authority of Singapore (MAS) has reprimanded RVP One Pte. Ltd, a registered fund management company (RFMC), and its chief executive officer (CEO) and director, Mr Viktor Panisch, for breaches of the Securities and Futures (Licensing and Conduct of...
Apple says its AI models were trained on Google’s custom chips
Sundar Pichai and Tim CookSource: Reuters; AppleApple said on Monday that the artificial intelligence models underpinning Apple Intelligence, its AI system, were pretrained on processors designed by Google, a sign that Big Tech companies are looking for alternatives...
Gala Games Announces New $GALA Competition Starting July 30th
Alvin Lang Jul 30, 2024 08:37 Gala Games has announced a new competition for Common Ground World, offering $GALA rewards. The event begins on July 30th, 2024, and runs for three days. Gala Games has announced an...
Rupee flat; interbank paying lifts forward premiums ahead of Fed meet, ET BFSI
By Jaspreet KalraMUMBAI, -The Indian rupee was little changed on Tuesday supported by mild dollar sales from state-run banks, while sustained interbank paying interest helped dollar-rupee far forward premiums hold near a six-month high.The rupee was nearly flat at...
Trump wavers on Harris debate, says he could ‘make a case’ to skip it
Republican presidential nominee Donald Trump said Monday that while he "probably" will debate Vice President Kamala Harris, he "could also make a case" for avoiding a face-to-face confrontation with his likely Democratic opponent.Trump, in a Fox News interview that...
New tech has led to increase in fraudulent apps & mis-selling: RBI, ET BFSI
The Reserve Bank of India (RBI) on Monday said that emerging technology has led to proliferation of fraudulent apps and mis-selling. Fintech firms still face significant challenges in counterparty credit risk assessment despite significant footprint expansion, the...
Executives address value and prices
A McDonald's fast-food restaurant in Manhattan, New York, on July 6, 2024.Beata Zawrzel | Nurphoto | Getty ImagesAfter a challenging second quarter, McDonald's executives told restaurant operators and analysts they are refocusing on how to recapture consumers with...
GBPUSD Extends Pullback From 1-Year High
GBPUSD declines steadily from 1-year high The bears eye the 50-day SMA as next target Momentum indicators ease but remain positively tilted GBPUSD had been on the rise following its bounce off the 50-day simple moving average (SMA) in late June. Although the pair...
Delta hires David Boies to seek damages from CrowdStrike, Microsoft
Delta Air Lines has hired prominent attorney David Boies to seek damages from CrowdStrike and Microsoft following an outage this month that caused millions of computers to crash, leading to thousands of flight cancellations.CrowdStrike shares fell as much as 5% in...
TradingView adds Trade Nation to list of integrated brokers
TradingView today welcomed Trade Nation, a newly integrated broker within the TradingView trading ecosystem. Established in 2014, Trade Nation is founded on three core principles: delivering the best deals, fostering trust, and providing powerful tools. The broker...
NVIDIA Introduces NIM Microservices to Enhance Generative AI in Digital Environments
Alvin Lang Jul 30, 2024 07:08 NVIDIA unveils new NIM microservices and Metropolis reference workflow at SIGGRAPH to advance generative physical AI in various industries. NVIDIA has announced significant...
Annual employment generation in MSMEs spikes, 20.51 crore jobs created in 4 years, ET BFSI
Annual employment generation in MSMEs spikes, 20.51 crore jobs created in 4 yearsA total of 20.51 crore jobs are reported by MSMEs on the Udyam Registration Portal and Udyam Assist Platform, said the Union Minister of Micro, Small and Medium Enterprises Jitan Ram...
Sebi proposes to widen definition of relatives in insider trading rules, ET BFSI
Mumbai: The Securities and Exchange Board of India (Sebi) has proposed to expand the definition of relatives under insider trading rules. The regulator has proposed to substitute immediate relative with relative to cover a wider group of family members. It said...
Fake news headline – Elon Musk says he doesn’t like crypto all that much.
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,...
FX option expiries for 30 July 10am New York cut
There are a couple to take note of, as highlighted in bold.The first one being for USD/JPY at the 155.00 mark. It's a key area where offers are also lined up, so the expiries will add to a bit of resistance in preventing any major upside extension in the session...
WeRide expands globally as transportation industry adopts AI
BEIJING, CHINA - JULY 11: People take photos of WeRide Robobus, a fully-driverless shuttle capable of SAE Level 4 autonomous driving, at Beijing High-level Autonomous Driving Demonstration Area on July 11, 2024 in Beijing, China. (Photo by Jia Tianyong/China News...
Diamond Sports, Comcast reach a cable deal for Bally regional sports
A Bally Sports display is shown in the eighth inning of the game between the MLB's Houston Astros and Minnesota Twins at Target Field in Minneapolis, Minnesota, on April 9, 2023.David Berding | Getty Images Sport | Getty ImagesBally Sports regional channels are...
Kamala Harris fundraiser White Dudes for Harris
Democratic presidential candidate, U.S. Vice President Kamala Harris speaks to supporters during a campaign rally at West Allis Central High School on July 23, 2024 in West Allis, Wisconsin. Jim Vondruska | Getty ImagesA "White Dudes for Harris" online fundraising and...
Dollar Holds Firm Against Euro in Quiet Trading, Cautious Sentiment Prevails
Dollar remains firm against European majors in relatively quiet trading today. Despite slightly better-than-expected GDP data from France, Euro has not gained significant support. While today’s Eurozone GDP and tomorrow’s CPI flash are important, they are unlikely to...
NVIDIA Unveils fVDB Framework for Enhanced Digital World Models
Ted Hisokawa Jul 30, 2024 07:40 NVIDIA introduces fVDB, a deep-learning framework for creating AI-ready virtual representations, enhancing applications in autonomous vehicles, climate science, and smart cities. ...
USD/JPY Looking for Direction – Action Forex
The Japanese yen continues to show volatility but has closed right where it started over the past few sessions. USD/JPY is trading at 153.65 in the European session, up 0.04% on the day. The yen is coming off an excellent week, surging 2.3% against the US dollar....
Banks told to speed up IBC resolutions, BFSI News, ET BFSI
NEW DELHI: Taking strong exception to slow action under the Insolvency & Bankruptcy Code (IBC), govt has started monitoring the top 20 cases, while also asking bank chiefs to closely follow the top 20 cases with their banks. This has led to movement in Jaiprakash...
USD/JPY Technical: Potential Mean Reversion Rebound in Progress Above 200-day MA
Last week’s drop of 2.8% seen in the USD/JPY has almost reached a key support of 151.70. An overstretched decline with high volatility on top of an oversold condition increases the odds of a mean reversion rebound scenario for USD/JPY. Watch the potential upside...
US Fed interest rate decision, Q1 earnings to drive stock markets this week: Analysts, ET BFSI
New Delhi: The US Fed interest rate decision, ongoing quarterly earnings, macroeconomic data and FII trading activity are the major triggers that will drive stock markets this week, analysts said. Investors would also track global market trends and the movement in...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0843; (P) 1.0855; (R1) 1.0869; More….. EUR/USD’s fall from 1.0947 resumed by breaking 1.0825 temporary low and intraday bias is back on the downside. Sustained break of 55 D EMA (now at 1.0815) will argue that whole rebound from 1.0601 has...
Mt. Gox Bitcoin Distribution Underway After a Decade-Long Legal Battle
Zach Anderson Jul 29, 2024 17:50 Mt. Gox begins Bitcoin distribution to creditors after a decade, marking a significant event in crypto history. After more than a decade of legal proceedings, the long-awaited...
PSU banks may get another 2-year extension to comply with MPS norms, ET BFSI
New Delhi, Public sector banks are expected to get another two-year extension to comply with Sebi's minimum public shareholding (MPS) norms, a top government official has said. Out of 12 public sector banks (PSBs), five are yet to comply with MPS norms and the...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2851; (P) 1.2866; (R1) 1.2883; More… GBP/USD’s fall from 1.3043 extends lower today and intraday bias is back on the downside with break of 1.2859 resistance turned support. Decisive break of 55 D EMA (now at 1.2776) will suggest that rise from...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8812; (P) 0.8828; (R1) 0.8853; More… No change in USD/CHF’s outlook and intraday bias stays neutral for consolidations above 0.8776 temporary low. Further decline is expected as long as 0.8923 resistance holds. On the downside, break of 0.8776...
FPIs invest Rs 33,600 cr in equities in July amid continued policy reforms, good earnings season, ET BFSI
Foreign investors injected over Rs 33,600 crore into Indian equities so far this month on the expectation of continued policy reforms, sustained economic growth and a better-than-expected earnings season. However, they pulled out over Rs 7,200 crore from equities in...
