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Trump government cuts could cost House Republicans majority
WASHINGTON — For nearly a decade, former president Donald Trump has rallied voters around a cry to cut the size of the federal government and "drain the swamp."But now one Republican running in a key House race is trying to distance himself from the proposed cuts, and...
HKMA Imposes Penalty on WeChat Pay Hong Kong for AML Failures
Lawrence Jengar Aug 30, 2024 19:43 The Hong Kong Monetary Authority has fined WeChat Pay Hong Kong Limited HK$875,000 for contravening anti-money laundering regulations. The Hong Kong Monetary Authority (HKMA)...
HKMA Reports July 2024 Residential Mortgage Survey Results
Luisa Crawford Aug 30, 2024 18:22 The Hong Kong Monetary Authority (HKMA) reports a 0.7% increase in mortgage applications for July 2024, along with significant trends in mortgage loans and delinquency ratios. ...
Vance grilled on how to pay for it
Republican Vice Presidential candidate Sen. JD Vance (R-OH) speaks at a campaign rally at VFW Post 92 on August 15, 2024 in New Kensington, Pennsylvania. Jeff Swensen | Getty ImagesRepublican presidential running mate Sen. JD Vance offered few specifics when grilled...
BitMEX Announces Scheduled Downtime for Options Trading on September 1
Iris Coleman Aug 30, 2024 17:50 BitMEX has announced a scheduled downtime for options trading on September 1, 2024, from 03:00 UTC to 05:00 UTC. BitMEX has announced a scheduled downtime for its options trading...
Binance to Support Cardano (ADA) Network Upgrade and Hard Fork
Timothy Morano Aug 30, 2024 17:10 Binance announces support for the upcoming Cardano (ADA) network upgrade and hard fork, temporarily suspending deposits and withdrawals. Binance, one of the leading...
Binance Launches EURI Simple Earn Products Offering Up to 7% APR
Zach Anderson Aug 30, 2024 16:36 Binance introduces EURI Simple Earn Flexible Products with up to 7% APR. Promotion runs from August 30 to September 12, 2024. Binance has announced the launch of a new...
FCA warns public against dealing with clone of IC Markets
The UK Financial Conduct Authority (FCA) has issued a warning against a clone of Forex broker IC Markets. Clones are fraudulent entities that abuse data of authorised firms (addresses, logos, names, etc). Despite the resemblance, clones have nothing to do with the...
SBI introduces 3 new offerings to ease payments for commuters, ET BFSI
The State Bank of India (SBI) on Friday introduced three new offerings targeting the daily commuters.These include the MTS RuPay NCMC prepaid card, which provides an offline payment solution; the One View mobile app, a one-stop solution to manage all SBI NCMC prepaid...
VanEck’s Green Bond ETF (GRNB): A Comprehensive Overview
Timothy Morano Aug 30, 2024 15:34 VanEck's Green Bond ETF (GRNB) focuses on sustainable investments in renewable energy and clean transportation projects. Discover its benefits and risks. VanEck's Green Bond ETF...
AUD/USD Poised for Potential Rise Amid RBA’s Cautious Stance :: InvestMacro
By RoboForex Analytical DepartmentThe AUD/USD pair shows signs of potential resurgence as it trades near 0.6802, consolidating within a sideways range at its local peaks towards the end of August. The Australian dollar has appreciated by almost 4% over the month,...
RBI data, BFSI News, ET BFSI
Mumbai, Bank credit to industry strengthened significantly at 10.2 per cent in July 2024 compared with 4.6 per cent in the year-ago month, the Reserve Bank said on Friday. Credit to agriculture and allied activities remained robust, registering a growth of 18.1 per...
Tradition reports rise in H1 2024 revenues, profit
Compagnie Financière Tradition SA, an interdealer broker in over-the-counter financial and commodity related products, today posted its financial report for the first six months of 2024. Compagnie Financière Tradition continued to grow at a solid pace throughout the...
Fabless Chip Designers Revolutionizing the Semiconductor Industry
Felix Pinkston Aug 30, 2024 14:51 Fabless semiconductor companies focus on design and innovation, offering agility and scalability in a competitive market. Discover their impact on the industry. Fabless...
US jobs report to spark market frenzy again? :: InvestMacro
Economists predict August jobless rate will ease back down to 4.2%Lowered recession risks should mean slower Fed rate cutsSturdier jobs market could boost gold, US stock indexes to new record highsRepeat of manic volatility from July NFP could deliver massive trading...
Retail, services loans slow as RBI measures make banks cautious, ET BFSI
The impact of Reserve Bank's regulatory measures cautioning and restricting banks on loans to NBFCs and unsecured lending is seen on lending patterns of commercial banks.While loans to services and retail which were holding on to the banking sector's loan book are...
Axis Bank, Indian Bank eye infra bond route for fund-raise next month, ET BFSI
Axis Bank and Indian Bank are likely to raise funds worth up to Rs 9,000 crore through the sale of infrastructure bonds next month, as lenders continue to rely on debt issuances to mobilise funds amid a slower pace of deposit growth than credit growth.Private sector...
Indian economy grew 6.7% in April-June quarter, lower than RBI’s 7.1% forecast, ET BFSI
New Delhi [India], August 30 (ANI): The Indian economy grew by 6.7 per cent in real terms in the April-June quarter of the current financial year 2024-25, Ministry of Statistics and Programme Implementation's official data showed on Friday.Last year same quarter,...
Bohr Hard Fork Elevates BNB Smart Chain with Enhanced Efficiency and Scalability
Alvin Lang Aug 30, 2024 13:25 The Bohr hard fork, scheduled for mainnet on September 26, brings significant upgrades to BNB Smart Chain, including BEP 341 for consecutive block production. BNB Chain has...
Gala Games Unveils Carol Hero Card Sale and Upcoming September Updates
Rongchai Wang Aug 30, 2024 14:00 Gala Games announces the Carol Hero Card sale and reveals September updates for The Walking Dead: Empires, including new features and event changes. Gala Games has announced an...
RBI imposes Rs 2.68 cr on UCO Bank, BFSI News, ET BFSI
Mumbai, Reserve Bank of India on Friday said it has imposed a penalty of Rs 2.68 crore on UCO Bank for contravention of certain provisions, including on opening of current accounts, interest rate on deposits and frauds classification. The RBI has also imposed a...
Match-Trader platform August updates include Live Chat integration, TON Blockchain support
Multi-asset trading platform provider Match-Trade Technologies has introduced a series of impactful updates to its Match-Trader platform during the month of August 2024, which the company said are designed to enhance the user experience and boost operational...
Ulta earnings Q2 2024
Ulta Beauty shares sank 7% in extended trading Thursday as the company fell short of second-quarter expectations and trimmed its full-year guidance after a decline in same-store sales during the most recent period.It was the company's first earnings per share miss...
Wage growth in the Eurozone is slowing. US GDP growth did not help the broad market to close in plus :: InvestMacro
By JustMarketsAt Thursday’s close, the Dow Jones Index (US30) was up 0.59%, while the S&P 500 Index (US500) closed at its opening price. The NASDAQ Technology Index (US100) closed negative 0.23%. The Dow Jones (US30) rose on signs that the economy continues to...
Arkham Intelligence Introduces ‘First Funders’ Feature for Enhanced Wallet Analysis
Lawrence Jengar Aug 30, 2024 12:47 Arkham Intelligence's new 'First Funders' feature reveals the original funding source for EVM Non-Contract Accounts, aiding in wallet analysis and tracking. Arkham Intelligence...
Are banks open or closed this Saturday, August 31st?, ET BFSI
Banks in India are closed on the second and fourth Saturdays of the month, as well as on Sundays and other regional and national holidays, per the guidelines set by the Reserve Bank of India (RBI).Saturday, August 31st: Are banks open on the fifth Saturday of the...
Where are low-cost airlines cutting back now? New planes
JetBlue Airways, Spirit Airlines and United Airlines airplanes proceed to gates after landing at Newark Liberty International Airport in Newark, New Jersey on May 30, 2024.Gary Hershorn | Corbis News | Getty ImagesAirlines that spent years clamoring for new jets are...
How Google, Microsoft and Amazon are raiding AI startups for talent
Microsoft, Google and Amazon along with other tech companies have been getting creative in how they're poaching talent from top artificial intelligence startups.Earlier this month, Google signed an unusual deal with Character.ai to hire away its prominent founder and...
Admirals Group sees Revenues recover 10% in H1-2024, loss cut to €1.2M
Following three (semi-annual) periods of continuous decline, Estonia based Retail FX and CFDs broker Admirals Group AS has released its unaudited results for the first half of 2024, indicating a 10% rise in Revenues, and a reduced Net Loss from what the company saw in...
The scramble for India’s retail investor, ET BFSI
India's largest lender, SBI, hopes that the stock market, which has been in a long bull run, corrects. SBI managing director Ashwini Tewari on Wednesday said a correction in the equity markets "over time" can help banks get back the deposits they have ceded. "As the...
Lululemon (LULU) earnings Q2 2024
Lululemon lowered its guidance and posted its first revenue miss in more than two years on Thursday after it botched a highly anticipated product launch and growth slowed in the Americas. The company now expects full-year net revenue to be between $10.38 billion and...
Binance Launches ‘Learn & Earn’ Program Offering APT Rewards for Completing Courses
Rongchai Wang Aug 30, 2024 11:47 Binance introduces a new 'Learn & Earn' program, rewarding verified new users with Aptos (APT) tokens for completing blockchain courses and quizzes. Binance has announced the...
TOCOM approves MUFG Bank as broker member
Tokyo Commodity Exchange, Inc. (TOCOM) has today approved MUFG Bank, Ltd. as a TOCOM Broker Member. MUFG Bank has also been approved by Japan Securities Clearing Corporation (JSCC) for an Energy Futures Clearing Qualification on the same date. MUFG Bank will be the...
Icra, BFSI News, ET BFSI
Liquidity coverage ratio (LCR) of banks is set to decline as the share of wholesale deposits is set to rise with the relative share of retail deposits declining. This will require banks to deploy deposits in high quality liquid assets (HQLA) than credit which could...
Alibaba shares jump as it completes three-year regulatory overhaul
The Alibaba office building is seen in Nanjing, Jiangsu province, China, Aug 28, 2024. CFOTO | Future Publishing | Getty ImagesAlibaba has completed a three-year regulatory "rectification" process following an antitrust fine it received on charges of monopolistic...
ElevenLabs Unveils AI-Generated Sound Effects Library
Peter Zhang Aug 30, 2024 11:17 ElevenLabs has launched a community library of AI-generated sound effects, featuring 38 categories for users to explore. ElevenLabs has announced the launch of its new community...
BNB Chain and SingularityNET (AGIX) Forge Alliance to Transform Decentralized Data Economy
Lawrence Jengar Aug 30, 2024 10:38 BNB Chain and SingularityNET (AGIX) Foundation announce a strategic partnership to enhance decentralized storage and AI integration. In a significant development for the...
Cboe to acquire 14.8% stake in Japannext Co
Japannext Co., Ltd., a provider of financial services and market solutions focused on operating an alternative market, has announced that Cboe Global Markets has agreed with SBI Holdings Inc. (SBI) to acquire a minority equity ownership stake in the company through a...
How does FedNow, the US payment system, compare with India’s UPI?, ET BFSI
While India's Unified Payments Interface (UPI) is the foremost payment system in the world, the US FedNow is a relatively new system. Both aim to modernize financial transactions, but their approaches and technologies reflect the distinct needs and infrastructures of...
FX Back Office names Nicole Demosthenous as COO
Limassol, Cyprus based CRM and partnership solutions provider for brokers, FX Back Office, has announced that the company has promoted Nicole Demosthenous to the position of Chief Operating Officer (COO). Nicole Demosthenous has been with FX Back Office since 2020,...
Cord cutters getting political ad blitz as campaigns flood Roku, Hulu
Vice President Kamala Harris, left, and former President Donald TrumpReutersConsumers who cut their cable cord in recent years are finding that there's one thing about linear TV they can't escape: political ads.With the U.S. presidential election less than 70 days...
Union Bank report, ET BFSI
Liquidity in the Indian banking system has seen a significant decline this month says a research report by the Union Bank of India. It says the banking liquidity has fallen to Rs 0.95 lakh crore as on 28th August from a peak of Rs 2.86 lakh crore.The report highlights...
Comprehensive Guide to Speech-to-Text Technology
Terrill Dicki Aug 30, 2024 10:01 Explore the complete guide to speech-to-text technology, including what it is, how it works, types of engines, benefits, and applications. Speech-to-text technology, also known...
Trump VP pick JD Vance urges Peter Thiel to back campaign: Report
Republican vice presidential nominee, U.S. Sen. J.D. Vance (R-OH) speaks at a rally at trucking company, Team Hardinger on August 28, 2024 in Erie, Pennsylvania. Jeff Swensen | Getty ImagesDonald Trump's presidential running mate JD Vance is urging Silicon Valley...
Dell earnings report Q2 2025
Michael Dell at the Allen & Company Sun Valley Conference on July 12, 2024 in Sun Valley, Idaho. David Grogan | CNBC Dell reported quarterly results on Thursday that beat Wall Street expectations, powered by an 80% increase in server sales. The stock rose more...
Lubna Olayan and Marty Flanagan join HKEX’s International Advisory Council
Hong Kong Exchanges and Clearing Limited (HKEX) today announced the appointment of Lubna Olayan, Chair of the Executive Committee of Olayan Financing Company and Saudi Awwal Bank (SAB), and Marty Flanagan, Chairman Emeritus of Invesco Ltd., to HKEX’s International...
MFIs record 22.8% spike in AUM, East & North-East dominate geographically, ET BFSI
Representational imageThe Non-Banking Financial Company-Microfinance Institution (NBFC-MFIs) have witnessed 16.4% spike in the number of client to 4 crore as on 30 June, 2024 as compared to the last year, the MFIN Micrometer said. The Asset Under Management (AUM) of...
MongoDB (MDB) Q2 earnings report 2025
Dev Ittycheria, CEO, MongoDB.Scott Mlyn | CNBCMongoDB shares jumped as much as 16% in extended trading on Thursday after the database software maker reported healthy fiscal second-quarter earnings and pushed up full-year guidance.Here's how the company did against...
Smart Ways Students Are Leveraging AI to Enhance Learning
Iris Coleman Aug 30, 2024 09:04 Explore how students are using AI to enhance learning, with insights from parents and teachers on responsible AI usage. As artificial intelligence (AI) continues to evolve,...
Elon Musk attacks Brazil’s top judge as X faces ban, Starlink finances frozen
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | ReutersTesla, SpaceX and X Corp. leader...
Place Trade Financial fined for exaggerated and misleading statements on its website
Place Trade Financial has agreed to a fine of $10,000 and a censure as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). In October 2020, FINRA warned the firm that certain communications on its website regarding the firm’s services did...
Judge rules against Media Matters’ request to dismiss lawsuit by X
The Twitter logo is displayed on a smartphone screen and on a computer screen in Athens, Greece, on April 20, 2024. Nurphoto | Nurphoto | Getty ImagesA federal judge in Texas has ruled against Media Matters and its request to dismiss a lawsuit filed by Elon Musk's...
A closer look at India’s deposit-credit growth gap. Is RBI to blame?, ET BFSI
It's been the third year running that deposit growth in India has lagged in credit growth. As of July, deposit growth has been 10.5%, while credit growth is over 13%. Deposit pricing has remained stickily high for banks but not high enough on a tax-adjusted basis for...
Fiat Currency vs Cryptocurrency: Key Differences
Money is an important requirement for functioning of the society through financial transactions. It is also one of the collectively recognized stores of value all over the world. Some societies used livestock as money and then gradually evolved to cowrie shells,...
RBI likely to issue final project finance guidelines in 2-3 months, ET BFSI
The Reserve Bank of India (RBI) is likely to issue final guidelines in two to three months on provisioning and accounting norms for project finance, said a senior official from the central bank.The banking regulator is also in the advanced stage of discussion for...
Intel working with bankers to present board with strategic options
Pat Gelsinger, CEO Intel, speaking on CNBC's Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBCIntel executives are working with multiple advisors to formulate options to address its flagging business, according to a...
Harris defends border record, rips Trump for killing bipartisan bill
Democratic presidential nominee Kamala Harris in a new interview Thursday defended her vice presidential record on immigration and blamed her Republican rival Donald Trump for killing a bipartisan bill aimed to address the U.S.-Mexico border.Harris said her work to...
clicOH Boosts Last-Mile Delivery Efficiency 20x with NVIDIA cuOpt
Zach Anderson Aug 30, 2024 07:45 clicOH leverages NVIDIA cuOpt to achieve 20x improvement in last-mile delivery efficiency, addressing the vehicle routing problem with advanced AI and machine learning. Driven by...
Dukascopy Revenues plummet 38% in H1-2024 as broker posts CHF 3.1M operating loss
Things have gone from bad to worse at Geneva based Retail FX and CFDs broker Dukascopy Bank SA, with the company continuing to see its Revenues decline in the first half of 2024, and Dukascopy posting its first Operating Loss since 2018. Revenues at Dukascopy fell by...
HKMA Hosts Second Financial Leadership Training Program with AMRO and ADBI
Terrill Dicki Aug 30, 2024 08:07 The HKMA, AMRO, and ADBI held their second Financial Leadership Training Program in Hong Kong, focusing on macroeconomic stability, green finance, and fintech. The Hong Kong...
In India, banking access extended to population equalling EU: PM Modi, ET BFSI
Prime Minister Narendra Modi on Friday highlighted the development posted by the Indian banking sector and said there was a time when in rural areas it used to take more than a day to access a banking service. “In the past decade, we’ve connected a population the size...
LGBTQ persons can open joint bank accounts, nominate partners as beneficiaries, ET BFSI
NEW DELHI: Union finance ministry issued an advisory on Wednesday, August 28, clarifying that persons from the LGBTQ community face no restrictions in opening joint bank accounts or nominating their partners as beneficiaries. "This is to clarify that there are no...
RBI cautions public, lists ways fraudsters scam victim using the regulator’s name, ET BFSI
The Reserve Bank of India has said that unscrupulous elements are using various methods to defraud members of the public by using the name of RBI in some capacity and listed a various modus operandi employed by such fraudstersEnticing tacticsThe RBI said fraudsters...
RCO Finance (RCOF) Increases Win Rate for Dogecoin and Shiba Inu Traders, This is How
RCO Finance (RCOF) has unveiled new strategies to enhance the trading outcomes for Dogecoin (DOGE) and Shiba Inu (SHIB) traders, immensely increasing their win rates. RCO Finance provides traders with more precise market insights by leveraging an advanced AI-powered...
China’s drivers fret about robotaxi push. Experts say there will be new jobs
TOPSHOT - The photo taken on August 1, 2024 shows a general view of the driver's seat and controls of a driverless robotaxi autonomous vehicle developed as part of tech giant Baidu's Apollo Go self-driving project, in Wuhan, in central China's Hubei province. Turning...
Binance Lists Eurite (EURI) on Convert and ‘Buy Crypto’
Rebeca Moen Aug 29, 2024 03:31 Binance has added Eurite (EURI) to its Convert and 'Buy Crypto' platforms, enabling trading against BTC, USDT, and other tokens with zero fees. Binance, a leading cryptocurrency...
OpenAI and Anthropic agree to let U.S. AI Safety Institute test models
Jakub Porzycki | Nurphoto | Getty ImagesOpenAI and Anthropic, the two most richly valued artificial intelligence startups, have agreed to let the U.S. AI Safety Institute test their new models before releasing them to the public, following increased concerns in the...
In-Depth Analysis of the Ethereum (ETH) Ecosystem by Grayscale
Peter Zhang Aug 29, 2024 03:47 Grayscale's latest report provides an in-depth analysis of the Ethereum (ETH) ecosystem, authored by Zach Pandl and Michael Zhao. Grayscale, a leading digital asset management...
Stephen Curry signs $62.6 million extension with Warriors
Steph CurryJonathan Bachman | Getty ImagesNBA superstar Stephen Curry has agreed to sign a one-year, $62.6 million extension with the Golden State Warriors, his agent confirmed to CNBC.The extension keeps Curry in a Warriors uniform through the 2026-2027 season, and...
PayPal expands partnership with Fiserv
PayPal Holdings, Inc. (NASDAQ:PYPL) today announced an expansion of its global strategic partnership with Fiserv, Inc. (NYSE:FI) which will streamline how merchant clients of Fiserv enable PayPal experiences for their customers. Building on a longstanding partnership...
Court orders operator of Tradeanedge Members Fund to pay restitution and penalties
The Commodity Futures Trading Commission (CFTC) today announced that the U.S. District Court for the Eastern District of New York entered a consent order finding Harris Bruce Landgarten, a resident of Old Brookville, New York, defrauded pool participants. He also...
HKMA Issues Alert on Unauthorised Websites and Apps Linked to Livi Bank
Felix Pinkston Aug 29, 2024 04:10 The Hong Kong Monetary Authority warns the public about unauthorised websites and apps associated with Livi Bank Limited. The Hong Kong Monetary Authority (HKMA) has issued a...
Affirm shares surge 33% and head for best day in three years
Drew Angerer / Getty Images Affirm shares soared 34% on Thursday and were on pace for their best day in almost three years, after the provider of buy now, pay later loans beat on the top and bottom lines in its earnings report. If the rally holds, it will be the...
Trump aide pushed’ Arlington cemetery employee, Army says
Republican presidential nominee, former U.S. President Donald Trump lays a wreath alongside Marine Cpl. Kelsee Lainhart (Ret.) and and U.S. Marine Corps. Sergeant Tyler Vargas-Andrews (Ret.) who were injured at the Abbey Gate Bombing, during a wreath-laying ceremony...
Binance Futures Introduces USDⓈ-Margined MBOX Perpetual Contract with 75x Leverage
Darius Baruo Aug 29, 2024 04:48 Binance Futures will launch the USDⓈ-Margined MBOX Perpetual Contract on August 28, 2024, offering up to 75x leverage, enhancing trading options for users. Binance Futures is set...
NAGA Group completes merger with CAPEX.com
Social trading focused online broker The NAGA Group AG (ETR:N4G), provider of the all-in-one financial SuperApp NAGA, has announced that the company has successfully completed its strategic merger with Key Way Group Ltd., operator of the CAPEX.com online brokerage...
NVIDIA Enhances Llama 3.1 405B Performance with TensorRT Model Optimizer
Lawrence Jengar Aug 29, 2024 16:10 NVIDIA's TensorRT Model Optimizer significantly boosts performance of Meta's Llama 3.1 405B large language model on H200 GPUs. Meta's Llama 3.1 405B large language model (LLM)...
Bank unions want old pension scheme back after govt unveils UPS, ET BFSI
Bank staff unions are set to raise the demand for the restoration of the Old Pension Scheme (OPS) in their upcoming meeting with the Indian Banks’ Association (IBA). This move comes shortly after the central government announced the Unified Pension Scheme (UPS) for...
September seasonals: The worst month on the calendar for the S&P 500
August was a wild ride. It's typically a quiet, summer month but it was anything but that this year as markets melted down early in the month only to post a full recovery in a remarkable turn.That's left some nice-looking monthly charts and a series of breakouts. The...
iFOREX returns as a sponsor of PSV Eindhoven
Retail FX and CFDs broker iFOREX has announced that the company has signed another cooperation agreement with Dutch football club PSV Eindhoven. As part of this collaboration, iFOREX will focus primarily on the UEFA Champions League campaign. The iFOREX.eu logo will...
GST department penalises Yes Bank; levies penalty of Rs. 24 Lac, ET BFSI
The Yes Bank has been penalised by Goods and Services Tax (GST) department, Maharashtra raising demand for disallowance of input tax credit (ITC) along with interest and levy of a penalty of Rs. 24,92,978/-. The penalty is in accordance with Section 73 of the Central...
CoreWeave Leads AI Infrastructure with NVIDIA H200 Tensor Core GPUs
Terrill Dicki Aug 29, 2024 15:10 CoreWeave becomes the first cloud provider to offer NVIDIA H200 Tensor Core GPUs, advancing AI infrastructure performance and efficiency. CoreWeave, the AI Hyperscaler™, has...
EUR/USD Stabilises Ahead of Core PCE Inflation Report :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair is holding steady at around 1.1134 as markets consolidate USD positions during a lull in significant news. Investors are now keenly awaiting the release of the Core PCE inflation data, a critical metric that the...
GM folding its all-electric BrightDrop vans into Chevrolet brand
Brightdrop EV600 vanSource: BrightdropDETROIT – General Motors is folding its all-electric BrightDrop commercial vans into the Chevrolet brand in an attempt to increase sales, accessibility and recognition of the vehicles.The change is expected to expand the selling...
Jan Dhan accounts has propelled financial inclusion from 25 pc in 2008 to over 80 pc now, ET BFSI
New Delhi [India], August 28 (ANI): The Pradhan Mantri Jan Dhan Yojana (PMJDY) which completed ten years of its implementation on Wednesday has had a profound impact on every corner of the country.The scheme launched in 2014, has proven to be the foundation stone in...
Trump crypto plan coming within hours, he says
Republican presidential nominee Donald Trump is pumping the Trump Organization's new crypto platform, which has just been rebranded from "The DeFiant Ones," to "World Liberty Financial."In a post to his 90 million followers on X, the former president shared a video of...
CFTC fines Nasdaq Futures $22M for core principle violations
The Commodity Futures Trading Commission (CFTC) today issued an order filing and settling charges against Nasdaq Futures, Inc., formerly a designated contract market (DCM). The order finds Nasdaq Futures, Inc. failed to properly establish, monitor, or enforce rules...
Binance to Support Polygon (MATIC) Swap to Polygon (POL) Token
Peter Zhang Aug 29, 2024 05:08 Binance announces support for the Polygon (MATIC) token swap to Polygon (POL), with detailed instructions and timelines for users. Binance has announced its support for the Polygon...
Shares halted after apparent early release
Facade of GAP retail store with logo sign on sunny day, San Francisco, California, June 7, 2024. Nurphoto | Nurphoto | Getty ImagesGap shares were halted Thursday morning after its quarterly earnings results were apparently released early.The apparel retailer is set...
Uber takes stake in SoftBank-backed self-driving tech startup Wayve
Wayve CEO and co-founder Alex Kendall.WayveLONDON — Uber and British artificial intelligence startup Wayve announced a partnership Thursday that will see the two firms collaborate on autonomous driving technology.As part of the deal, Uber is also investing an...
Nvidia’s Forward Guidance Was Light :: InvestMacro
Michael Belanger of GGM Advisory Inc. shares his thoughts on Nvidia Corp. (NVDA:NASDAQ) after their earnings were announced, and shares two ETFs he has his eyes on.Nvidia Corp. (NVDA:NASDAQ) reported earnings just after the close, and as expected, they had a blow-out...
Is there a nationwide bank strike today? Check if banks are open or closed today, August 28?, ET BFSI
On August 19, 2024, the All India Bank Employees Association (AIBEA) had called for a nationwide strike today, August 28, which could impact banking services and transactions nationwide. CH Venkatchalam, General Secretary of AIBEA, has tweeted about the same from his...
UN nuclear watchdog chief pushes back on Moscow’s calls for objectivity after Kursk plant visit
The head of the U.N. nuclear watchdog has pushed back against Moscow's calls for further objectivity, following an inspection at the nuclear facility in the embattled Russian region of Kursk.Last week, Russia accused Ukraine of attempting a drone strike at the Kursk...
Explore Your Vacation with Google Maps’ AI Tools
Felix Pinkston Aug 29, 2024 05:44 Discover how Google's AI tools can enhance your travel experience with features like Immersive View for routes and places. Traveling is about seeing new places, learning new...
RBI permits foreign investors in IFSC to invest in sovereign green bonds, ET BFSI
Mumbai, The Reserve Bank on Thursday introduced a scheme to permit foreign investors in the International Financial Services Centre (IFSC) to invest in sovereign green bonds to facilitate wider non-resident participation in such instruments. The government issued...
Gala Games Introduces Music Coin: A New Way to Earn $TREZ and $GALA
Timothy Morano Aug 29, 2024 06:15 Gala Games launches Music Coin, a Telegram-based game offering rewards in $TREZ and $GALA tokens. Discover how to play and maximize your earnings. Gala Games has unveiled Music...
Finalto sponsors the FT Alphaville quiz
Leading institutional trading and liquidity services firm Finalto has announced that they are very proud sponsors of the financial services event of the year – or at least the week – the FT Alphaville pub quiz. Finalto is all about strategic partnerships. And you...
Deposit growth outpaces credit growth in August after RBI risk weights and comments, ET BFSI
Credit growth is trending down and continues to converge with deposit growth on an annual basis.Credit offtake increased by 5.8% compared to December 2023, to reach Rs. 168.8 lakh crore as of August 9, 2024, while deposits rose at 6.2% compared to December 2023 and...
Shohei Ohtani signs trading card deal with Fanatics-backed Topps
Dodgers designated hitter Shohei Ohtani, #17, watches his ball soar after hitting his first home run as a Dodger off of Giants pitcher Taylor Rogers, # 33, in the seventh inning at Dodger Stadium in Los Angeles Wednesday, April 3, 2024.Allen J. Schaben | Los Angeles...
Moody’s boosts GDP forecast to 7.2% for 2024, ET BFSI
Moody's has raised its real GDP growth projections for India on Thursday expecting a robust 7.2% growth in 2024 (up from 6.8%) and 6.6% in 2025 (up from 6.4%). This revision reflects strong, broad-based growth, driven by resilient private consumption and improved...
Google Enhances Gemini with Custom Gems and Improved Imagen 3
Alvin Lang Aug 29, 2024 06:34 Google's Gemini now features Custom Gems and advanced image generation with Imagen 3, promising enhanced user control and safety. Google has announced significant updates to its...
Nvidia’s good report did not impress investors. The Bank of Japan intends to keep raising rates :: InvestMacro
By JustMarketsAt Wednesday’s close, the Dow Jones (US30) was down 0.39%, while the S&P 500 (US500) decreased by 0.60%. The NASDAQ Technology Index (US100) closed negative 1.12%. The US stocks fell on Wednesday as investors awaited Nvidia’s much-anticipated...
Canara Bank’s Tier I bond sale paves way for more issues, SBI may follow suit, ET BFSI
Canara Bank's successful issuance of Basel-III compliant tier-I bonds marks a significant moment for the bond market, potentially paving the way for other banks to follow suit.The bank raised Rs 3000 crore through these bonds at a coupon rate of 8.27%, demonstrating...
Moody’s boosts GDP forecast to 7.2% for 2024, ET BFSI
Moody's has raised its real GDP growth projections for India on Thursday expecting a robust 7.2% growth in 2024 (up from 6.8%) and 6.6% in 2025 (up from 6.4%). This revision reflects strong, broad-based growth, driven by resilient private consumption and improved...
Saxo Bank sees slight rise in H1 2024 Revenues to $345 million, closes China office
Copenhagen based Retail FX and CFDs broker Saxo Bank has released its first half 2024 results, indicating a slight rise in Revenues and a return to profitability after the company posted its first semi-annual loss in several years during 2H-2023. On the top line, Saxo...
Foreign lenders lured by rare stake sales in India banks, but tighter rules weigh, ET BFSI
Talks to sell majority stakes in two Indian banks have attracted interest from foreign peers in Japan and the Middle East betting on a fast-growing economy, but tighter regulations and valuation concerns could curb their appetite, analysts and sources say.The rare...
American Eagle (AEO) earnings Q2 2024
A shopper walks past the American clothing and accessories retailer American Eagle store in Hong Kong.Budrul Chukrut | Lightrocket | Getty ImagesAmerican Eagle missed Wall Street's sales targets for a second quarter in a row on Thursday, but profits grew by nearly 60%...
NVIDIA Triton Inference Server Excels in MLPerf Inference 4.1 Benchmarks
Rongchai Wang Aug 29, 2024 06:56 NVIDIA Triton Inference Server achieves exceptional performance in MLPerf Inference 4.1 benchmarks, demonstrating its capabilities in AI model deployment. NVIDIA's Triton...
Can Forex Robots Boost Your Small Business’s Financial Strategy? A Beginner’s Guide
Can Forex Robots Boost Your Small Business's Financial Strategy? A Beginner's Guide - Small Business Bonfire Home » Business Finance » Can Forex Robots Boost Your Small Business’s Financial Strategy? A...
Telegram CEO charged with allowing criminal activity by French prosecutors
Founder and CEO of Telegram Pavel Durov delivers a keynote speech during the Mobile World Congress in Barcelona, Spain February 23, 2016. REUTERS/Albert GeaAlbert Gea | ReutersFrench prosecutors on Wednesday charged Telegram CEO Pavel Durov with enabling criminal...
HSBC announces changes to senior management team
HSBC Holdings plc announces changes to its senior management team. All changes will take effect from 1 October 2024 and, where required, are subject to regulatory approval. Barry O’Byrne, Chief Executive Officer, Global Commercial Banking (CMB), is appointed CEO,...
Best Buy (BBY) earnings Q2 2025
People walk into a Best Buy store in a Brooklyn mall on August 29, 2023 in New York City.Spencer Platt | Getty ImagesBest Buy raised its fiscal-year profit guidance Thursday after exceeding earnings and revenue expectations for the most recent quarter. The retailer...
Union Bank freezes accounts of state-run telecom firm MTNL over non-payment of dues, ET BFSI
Union Bank of India has frozen all accounts of state-run telecom company MTNL for non-payment of dues, a regulatory filing said on Wednesday. Union Bank of India informed the company on August 21 about freezing of all its accounts over non-payment of loans,...
1 bonus shares; big focus on AI, ET BFSI
RIL AGM 2024 Live: Mukesh Ambani, the Reliance Industries Chairman, began his address to shareholders at the RIL AGM by congratulating PM Narendra Modi for securing a record third term. Ambani said that a notice has been sent to the stock exchange that the Board of...
Affirm (AFRM) earnings report Q4 2024
Jaque Silva | Lightrocket | Getty ImagesAffirm shares jumped as much as 16% in after hours trading on Wednesday, after the provider of buy now, pay later loans reported better-than-expected fiscal fourth-quarter results.Here's how the company did, compared to...
Amuse 2.1 Beta Released: FLUX.1 Support and Key Enhancements
James Ding Aug 29, 2024 08:31 AMD releases Amuse 2.1 Beta with FLUX.1 support, bug fixes, and additional Stable Diffusion models for enhanced AI image generation. Amuse 2.1 Beta is now available for users of...
Binance Futures Introduces USDⓈ-Margined CHESS Perpetual Contract with 75x Leverage
Rongchai Wang Aug 29, 2024 09:20 Binance Futures is set to launch the USDⓈ-Margined CHESS Perpetual Contract, offering up to 75x leverage, starting August 29, 2024. Binance Futures is expanding its range of...
I Have Evidence with Melinda Emerson » Succeed As Your Own Boss
Melinda F. Emerson, “SmallBizLady” is America’s #1 Small Business Expert. She is an internationally renowned keynote speaker on small business development, social selling, and online marketing strategy. As CEO of Quintessence Group, her Philadelphia-based marketing...
Delivery Hero (DHER) plans IPO of Middle East unit Talabat in Dubai
BERLIN, GERMANY - SEPTEMBER 04: The Delivery Hero office photographed on September 04, 2020 in Berlin, Germany. (Photo by Jeremy Moeller/Getty Images)Jeremy Moeller | Getty Images Entertainment | Getty ImagesEuropean food delivery firm Delivery Hero says it plans to...
TD Securities promotes Carl Hayes to Head of European Cash Equities
TD Securities (TDS), a global corporate and investment bank, today announced the promotion of Carl Hayes, Managing Director, as the new Head of European Cash Equities. Mr Hayes reports to Sharon Kim, Executive Managing Director and Region Head of Europe, TD Securities...
Banks offering cheapest interest rates for home loans up to Rs 75 lakh, ET BFSI
A home represents stability, wealth, and a portion of one's aspirations for many Indians. Most of the people use home loans to fulfill this desire. There are two types of interest rates for home loans: fixed and floating.Note that many loan interest rates are linked...
Nvidia announces $50 billion stock buyback
CFOTO | Future Publishing | Getty ImagesNvidia said Wednesday that its board of directors has approved a $50 billion stock buyback.The computer chip giant announced the share repurchase as part of its fiscal second-quarter earnings, in which it reported earnings and...
How Web3 Social Media Solves the Issues of Web2 Platforms
Web3 Social Media PlatformsSocial Media, dominated by Web2 giants, has transformed how we connect and consume information. Platforms like Facebook, Instagram, and Twitter have amassed unprecedented user bases, their business models revolving around data monetization...
iSAM Securities hires LMAX exec Quentin Miller as Head of Institutional Sales APAC
Just a day after naming Barry Flanigan to Head of Asia Pacific, London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that the company has hired Singapore based executive Quentin Miller as Head of Institutional Sales, Asia...
ESAF Bank launches INORI-RuPay Credit Card, BFSI News, ET BFSI
New Delhi, ESAF Small Finance Bank has launched the INORI RuPay Platinum Credit Card, a premium financial product designed in collaboration with the National Payments Corporation of India (NPCI) to offer cardholders exclusive benefits and privileges. "The card's name,...
OpenAI in talks to raise funding that would value it at more than $100 billion
In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI.Didem Mente | Anadolu | Getty ImagesOpenAI is in talks to raise a funding round that would value the artificial intelligence startup at more...
NVIDIA Reports Record Q2 Fiscal 2025 Revenue with Strong Data Center Growth
Jessie A Ellis Aug 29, 2024 09:56 NVIDIA announces record Q2 fiscal 2025 revenue, driven by strong demand in data centers and significant growth in earnings per share. NVIDIA Corporation (NASDAQ: NVDA) has...
Know Everything About Solana Program Library
Solana is a powerful alternative to most of the layer 1 blockchain networks running in the web3 ecosystem right now. It is a high-speed programmable blockchain with the advantages of interoperability and scalability for creating and deploying decentralized...
Nvidia’s earnings report shows problem of being priced for perfection
Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Artificial Intelligence Conference at SAP Center on March 18, 2024 in San Jose, California.Justin Sullivan | Getty ImagesNvidia reported its fourth-straight quarter of triple-digit revenue growth...
What is mental imagery? Brain researchers explain the pictures in your mind and why they’re useful :: InvestMacro
By Lynne Gauthier, UMass Lowell and Jiabin Shen, UMass Lowell Curious Kids is a series for children of all ages. If you have a question you’d like an expert to answer, send it to [email protected].Why are some people able to visualize scenarios in their minds, with...
SEBI issues notice to Religare Ent’s Rashmi Saluja, ET BFSI
The Securities and Exchange Board of India has issued a show cause notice to Religare Enterprises chairperson Rashmi Saluja in connection with its investigation into alleged violations of insider trading regulations, people familiar with the matter said.The...
Nvidia (NVDA) shares fall after earnings beat estimates
NVIDIA's founder and CEO Jensen Huang delivers a keynote address on the latest innovations in AI, during a developers conference at the SAP Center in San Jose, California, on March 18, 2024. Josh Edelson | AFP | Getty ImagesNvidia shares fell 4.63% in U.S. premarket...
IBM Research Leverages Quantum Computing and AI for Accelerated Discovery
Peter Zhang Aug 29, 2024 09:05 IBM Research is integrating quantum computing, AI, and hybrid cloud to expedite solutions for today's pressing problems. The world is evolving at an unprecedented pace, and...
B2Broker’s B2Copy integrates with Spotware’s cTrader trading platform
Leading trading platform developer Spotware Systems and broker tech provider B2Broker have announced the full integration of B2Broker’s advanced investment platform, B2Copy, with Spotware’s cTrader, the premium and first Open Trading Platform. This integration allows...
CrowdStrike (CRWD) Q2 earnings report 2025
CrowdStrike CEO George Kurtz speaks at the Wall Street Journal Tech Live conference in Laguna Beach, California, on Oct. 21, 2019.Martina Albertazzi | Bloomberg | Getty ImagesCrowdStrike shares slipped 4% in extended trading on Wednesday after the cybersecurity...
India’s Axis Bank likely to issue infra bonds in September, sources say, ET BFSI
By Siddhi Nayak and Dharamraj DhutiaMUMBAI - India's Axis Bank is set to join several other lenders in raising funds through infrastructure bonds and may announce the issue in September, three sources, including two merchant bankers, said.The Indian government's...
Salesforce (CRM) Q2 earnings report 2025
Salesforce shares rose 4% in extended trading on Wednesday after the business software maker reported robust fiscal second-quarter results that beat estimates and raised its full-year profit outlook.The company also said Amy Weaver, its chief financial officer, will...
NVIDIA’s Blackwell Platform Breaks New Records in MLPerf Inference v4.1
Joerg Hiller Aug 29, 2024 07:18 NVIDIA's Blackwell architecture sets new benchmarks in MLPerf Inference v4.1, showcasing significant performance improvements in LLM inference. NVIDIA's new Blackwell architecture...
Belgium’s FSMA warns against fraudulent trading platforms
Belgium’s Financial Services and Markets Authority (FSMA) is once again drawing the public’s attention to the phenomenon of fraudulent trading platforms and their dangers. These platforms are all over the internet, trying to lure investors with promises of quick and...
BNB Chain Unveils Bridge for Seamless Cross-Chain Interoperability
Luisa Crawford Aug 29, 2024 07:59 BNB Chain announces its new Bridge, enhancing cross-chain interoperability with partners Celer, deBridge, and Stargate. The initiative aims to streamline transactions and boost DeFi. ...
Paytm shares rally 5% on getting govt nod for downstream investment in payments arm, ET BFSI
Paytm shares jumped 5% on the BSE in Thursday's early trade, reaching a high of Rs 565, after the company received approval from the finance ministry to invest in its payment services business.After this approval, the payment services business, Paytm Payments Services...
Indian economy remains resilient amid global uncertainties: NCAER, ET BFSI
Amid global geo-political uncertainties, the Indian economy has remained resilient but the outlook seems softer due to moderation in a couple of high-frequency indicators, according to the Monthly Economic Review for August. The review was released by the National...
Global tech stocks fall amid broad declines in the region after Nvidia results
Samsung Electronics' fourth-generation high bandwidth memory or HBM3 chips have been cleared by Nvidia for use in its processors for the first time, three people briefed on the matter said.SeongJoon Cho | Bloomberg | Getty ImagesGlobal chip stocks fell on Thursday,...
YES Network, MSG Networks to launch combined New York sports app
New York Yankees captain Aaron Judge.Erick W. Rasco | Sports Illustrated | Getty ImagesGotham Advanced Media and Entertainment, the joint venture between MSG Networks and the YES Network, is launching a new app in the fall that will air local games for seven New York...
Latest HDFC Bank, IDFC FIRST Bank credit card rules effective from September 2024, ET BFSI
HDFC Bank has modified the loyalty program for specific credit cards. IDFC FIRST has made major changes to its credit card payment terms, such as the minimum amount due (MAD) and payment due date. The updated regulations will take effect on September 1, 2024.A...
DARKTIMES Introduces Medieval Brawler Royale on Sui Blockchain
Darius Baruo Aug 27, 2024 16:06 DARKTIMES, a medieval brawler royale game, leverages Sui blockchain for enhanced Web3 player engagement and asset ownership. DARKTIMES, a medieval brawler royale game, is set to...
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Senior Citizen Fixed Deposit rates: Top 5 senior citizen bank FDs
Top Senior Citizen Bank Fixed Deposits: Bank fixed deposits are the go-to savings option for risk averse investors. Most banks offer a higher interest rate on bank fixed deposits to senior citizens.Senior citizens can usually benefit from an additional 0.50 percent...
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256855931724870038The post 256855931724870038 first appeared on BTC Wires.
Ford joins list of companies walking back DEI policies
The new Ford F-150 and the all-new Ranger trucks are launched at a celebratory event at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan.Bill Pugliano | Getty ImagesFord Motor is the latest company to walk back some of its commitments to diversity,...
OKX Ventures Invests in Blockchain and AI Verifiable Compute Layer Space and Time
Rongchai Wang Aug 27, 2024 16:21 OKX Ventures has invested in Space and Time, a verifiable compute layer that integrates AI and blockchain, enhancing data verification for smart contracts. OKX Ventures, the...
Tom Sosnoff and Scott Sheridan sell 6.5M ordinary shares in IG Group
Jefferies today posted a notice regarding a placing of 6.5 million existing shares in electronic trading major IG Group Holdings plc (LON:IGG). Tom Sosnoff and Scott Sheridan have sold 6.5 million ordinary shares in IG Group to a limited number of institutional...
Shriram Finance to raise up to $1.5 billion from overseas, CEO says, ET BFSI
Indian non-banking lender Shriram Finance plans to raise up to $1.5 billion from the overseas market in the current fiscal year in a bid to diversify borrowings, its chief executive told Reuters on Tuesday."We are targeting to raise anywhere between $1.25 billion to...
Court restores Sarah Palin lawsuit vs. New York Times
Sarah Palin, 2008 Republican vice presidential candidate and former Alaska governor, arrives for her defamation lawsuit against the New York Times, at the United States Courthouse in the Manhattan borough of New York City, U.S., February 14, 2022.Eduardo Munoz |...
Swissquote becomes principal sponsor of ZSC Lions and Genève-Servette Hockey Club
Leading Swiss online banking and trading provider Swissquote (SWX:SQN) has announced the extension of its sponsorship partnerships with ZSC Lions from Zurich, and the Genève-Servette Hockey Club. The existing commitments will each be extended for three years, and...
SBI MD hopes market correction over time will get funds back to banking system, ET BFSI
Mumbai, SBI Managing Director Ashwini Tewari on Wednesday said a correction in the equity markets "over time" can help banks get back the deposits it has ceded. He also said the country's largest lender is betting on the small-ticket Prime Minister Jan Dhan Yojana...
Bitcoin (BTC) Market Faces Period of Calm, Potential Volatility Ahead
Timothy Morano Aug 27, 2024 17:19 Bitcoin market activity has cooled, with marginal profit and loss-taking. Historical trends suggest this calm period may precede increased volatility. Bitcoin (BTC) market...
Trump Arlington Cemetery incident ‘pretty sad,’ Harris campaign says
Donald Trump visits Arlington Cemetery to pay tribute to the 13 servicemembers killed during the Afghanistan evacuation. Nurphoto | Nurphoto | Getty ImagesVice President Kamala Harris' presidential campaign said a reported physical confrontation between former...
Google Gemini will again support AI image generation of people
The Deepmind logo is being displayed on a smartphone with the Google Gemini logo in the background in this photo illustration in Brussels, Belgium, on February 8, 2024.Jonathan Raa | Nurphoto | Getty ImagesGoogle said it will soon allow users to create images of...
Investor Confidence Drives Bitcoin (BTC) to Surge Past $65,000
Zach Anderson Aug 27, 2024 18:03 Bitcoin (BTC) sees a remarkable surge to $65,000 amid investor confidence and market dynamics influenced by Federal Reserve signals. Bitcoin (BTC) experienced a significant price...
Darwinex updates on margin calculation for investor portfolios
Darwinex has issued a notification to its clients regarding margin calculation for investor portfolios. For regulatory reasons, in line with requirements imposed by the European Securities and Markets Authority (ESMA), Darwinex is required to ensure that DARWIN...
How will the Unified Pension Scheme impact India’s finances?, ET BFSI
The newly announced Unified Pension Scheme (UPS) is set to increase the fiscal deficit by 15 basis points (bps) to 5.1% for the financial year 2025 (FY25), up from the budgeted 4.9%, according to a recent report by the Macquarie Group. The report estimates that the...
Trump Media stock falls below $20 per share for first time
Aytac Unal/ | Anadolu | Getty ImagesThe months long Trump Media stock slide continued Wednesday, as shares of the company majority-owned by former President Donald Trump fell below $20 for the first time since the Truth Social maker went public in March of this...
Arkham Partners with CoinGecko and GeckoTerminal for Enhanced Trading Analytics
Luisa Crawford Aug 27, 2024 18:59 Arkham collaborates with CoinGecko and GeckoTerminal to merge market data and on-chain analytics, enhancing trading insights for millions of users. Arkham, a leading on-chain...
Bybit expands CFDs trading offering with MT5 integration
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced that it is integrating MetaTrader 5 (MT5) on its platform. This integration provides traders with a comprehensive and advanced trading environment specifically designed for...
Aditya Birla Capital Digital Launches DigiGold Gifting, Family Health Scan and SIMPLiNVEST at GFF 2024, ET BFSI
NewsVoirMumbai (Maharashtra) [India], August 28: Aditya Birla Capital Digital Limited ("ABCDL"), the digital-first arm of India's leading financial services conglomerate, Aditya Birla Capital, today, announced the launch of a suite of three new product offerings -...
Nvidia (NVDA) earnings report Q2 2025
Nvidia CEO Jensen Huang speaks during Computex 2024 in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty ImagesNvidia reports second fiscal-quarter earnings Wednesday after the bell.Here is what Wall Street expects from the chipmaker in the quarter ending in July,...
Bitcoin down 5% in the third day of selling
Bitcoin made some headway last week as it broke out of a consolidation patter and looked well on its way to recouping the July-August losses. But the mood changed early this week and it's been steady selling, culminating in a 5% loss today.BTC dailyThe drop in bitcoin...
SEC issues Wells notice to NFT marketplace OpenSea
In this photo illustration an OpenSea logo is displayed on a smartphone with stock market percentages in the background.Omar Marques | Lightrocket | Getty ImagesCrypto marketplace OpenSea has been added to the SEC's list of targets, as the regulator extends its...
Binance to Delist Multiple Spot Trading Pairs Including ALCX/BTC and BCH/TUSD
Terrill Dicki Aug 28, 2024 15:35 Binance announces the delisting of several spot trading pairs including ALCX/BTC and BCH/TUSD, effective from August 30, 2024. Binance, a leading cryptocurrency exchange, has...
OpenSea says SEC is considering lawsuit against co
OpenSea has issued a statement regarding a Wells notice from the U.S. Securities and Exchange Commission (SEC). The company says the notice indicates that the SEC is considering bringing a lawsuit against OpenSea. The company stated: “We’re confident that OpenSea...
Will strive to make SBI most valued financial institution: Chairman Setty, ET BFSI
New Delhi, State Bank of India (SBI) will strive to become the most valued financial institution and also increase its net profit, the lender's new Chairman, C S Setty said on Wednesday as he asserted that this is India's decade. Soon after taking charge of the...
Super Micro shares fall 23% on filing delay, Hindenburg Research report
Charles Liang, chief executive officer of Super Micro Computer Inc., during the AMD Advancing AI event in San Jose, California, Dec. 6, 2023.David Paul Morris | Bloomberg | Getty ImagesShares of Super Micro Computer tumbled more than 23% on Wednesday, after the...
NZD/USD Reaches Annual High Amid USD Weakness :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair has climbed to the highest level since 15 January 2024, continuing its trajectory within an ascending channel towards a target of 0.6233. The New Zealand dollar’s growth is primarily fuelled by the weakening US...
How UPI can become a global remittance channel as envisaged by RBI Governor Shaktikanta Das, ET BFSI
The Unified Payments Interface (UPI), India’s pioneering digital payment system, has the potential to transform into a global remittance channel. RBI Governor Shaktikanta Das has highlighted UPI’s potential to offer a more efficient and cost-effective alternative to...
NVIDIA NIM Enhances RAG Applications for Veterinary AI
Iris Coleman Aug 27, 2024 19:56 NVIDIA NIM improves retrieval-augmented generation (RAG) applications, streamlining AI solutions in specialized fields like veterinary science. The advent of large language models...
Barbie phone launch: price, specs, availability
The HMD Barbie phone is a co-branded product with Mattel, the toymaking giant behind the franchise.HMDHMD, the company behind Nokia-branded phones, launched a Barbie-branded phone Wednesday that comes with calls, texts, and a classic "flip" design — but no internet or...
Euronext announces upcoming launch of spread contracts on agricultural commodities
Euronext today announced the upcoming launch, pending regulatory review, of three spread contracts on agricultural commodities. Spread contracts are financially-settled futures contracts whose underlying is a price differential between two different products, and in...
RBI Guv Shaktikanta Das sets five priorities for India@100, ET BFSI
“As India completes 100 years of independence in 2047, We are closer to India@100, Banks, Non banks, Fintechs, regulators and government shall be fostering innovation but the context should be broader to society in terms of inclusion,” said Shaktikanta Das, Governor,...
Fusion Finance likely to face short term challenges amid rising credit costs, lower collection efficiency, ET BFSI
The stock of Fusion Finance (formerly Fusion Microfinance) has gained over 9% in three trading sessions to August 28 following the company’s announcement on exchanges that the Odisha State Tax department has dropped the show cause notice issued in May directing the...
NVIDIA Simplifies Camera Calibration for Enhanced AI Multi-Camera Tracking
Luisa Crawford Aug 27, 2024 20:32 NVIDIA introduces streamlined camera calibration processes to boost the accuracy of AI-powered multi-camera tracking applications. NVIDIA has unveiled advancements in camera...
Understanding the Basics of Encryption: A DevSpeak Overview
Tony Kim Aug 27, 2024 21:07 Explore the fundamentals of encryption and its importance in digital security, as explained in Gala News' latest DevSpeak. In the latest installment of DevSpeak, Gala News delves into...
Australia’s inflation is falling at a slower pace than RBA expected. ECB may cut rates at the next two meetings :: InvestMacro
By JustMarketsAt Tuesday’s close, the Dow Jones (US30) Index was up 0.02%, while the S&P 500 (US500) Index was up 0.16%. The NASDAQ Technology Index (US100) closed positive 0.16%.The Fed will almost certainly cut rates on September 18, which Powell signaled in...
Musk, xAI accused of worsening Memphis smog with unauthorized turbines
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty ImagesElon Musk's artificial intelligence startup, xAI, is being accused by environmental and health advocates of adding...
Sailing SBI from Covid to 2nd largest profit-maker, ET BFSI
SBI Chairman Dinesh Kumar Khara retires Dinesh Kumar Khara, also called the ‘profit king’ as he led the State Bank of India (SBI) to impressive achievements during his tenure, retires on Wednesday. Khara’s tenure has been marked by extraordinary financial performance,...
Morgan Stanley to pay $168k fine for alleged violations of Cboe rules
Morgan Stanley & Co. LLC has agreed to a censure and a fine of $168,750 as a part of a settlement with Cboe Exchange, Inc. On May 3, 2021, the firm effected an off-floor transfer of approximately 50,000 options contracts between two customer accounts of different...
Wyoming Blockchain Symposium Highlights Regulatory and Energy Innovations
Peter Zhang Aug 27, 2024 21:33 The Wyoming Blockchain Symposium showcased key insights on regulatory advancements and energy strategies within the crypto space, featuring top industry leaders. The Wyoming...
Women are more likely to adopt digital financial services when introduced by local agents or women community influencers, ET BFSI
Mumbai (Maharashtra) [India], 28 August (ANI): Nalin Bansal, Chief Relationship Management at the National Payments Corporation of India (NPCI), speaking at the Global Fintech Festival 2024 on Wednesday, emphasized that only 25 per cent of payment users are women,...
Why Defense Stocks Like NOC & LMT Are Poised for Growth :: InvestMacro
By The Ino.com TeamIn the first half of 2024, China’s shipbuilding industry secured nearly 75% of new global orders, demonstrating the nation’s expanding manufacturing power. Ship completions surged by 18.4% year-over-year to 25.02 million deadweight tons (dwt), which...
Shriram Capital appoints Subhasri as its managing director & CEO, ET BFSI
Chennai, Subhasri's journey with Shriram Group began in 1991 as an officer in the non-banking finance business and in her over three decades of service she played a pivotal role in the company's growth and expansion, a press release said on Wednesday. "We are...
Julia Leung Delivers Opening Remarks at Project Ensemble Sandbox Launch
Caroline Bishop Aug 28, 2024 11:39 Julia Leung delivers opening remarks at the Project Ensemble Sandbox launch ceremony, emphasizing innovation and regulatory collaboration. Julia Leung, Deputy Chief Executive...
Abercrombie & Fitch (ANF) earnings Q2 2024
An Abercrombie & Fitch store in New York, US, on Monday, Nov. 20, 2023. Abercrombie & Fitch Co. is scheduled to release earnings figures on November 21. Stephanie Keith | Bloomberg | Getty ImagesAbercrombie & Fitch's revenue grew 21% during its fiscal...
RBI plans to implement uniform licensing for online and offline payment aggregators, ET BFSI
The Reserve Bank of India (RBI) is working towards streamlining its licensing process for payment aggregators by merging the requirements for online and offline entities. K. Vijayakumar, General Manager DPSS RBI, announced the upcoming change during a discussion at...
iSAM Securities promotes Barry Flanigan to Head of Asia Pacific
London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that in a strategic move to implement growth in the region, Barry Flanigan, former Head of e-Trading, has transitioned to the Hong Kong office, assuming the role of Head...
Deposit rate hikes higher than lending rates since RBI began tightening, ET BFSI
The tightening of monetary policy has led to a more significant increase in term deposit rates compared to lending rates. Since May 2022, the Reserve Bank of India's (RBI) monetary policy committee (MPC) has raised the policy rate by 250 basis points (bps). This has...
UK’s Starmer, Germany’s Scholz seek to strengthen ties in post-Brexit reset
Keir Starmer, UK prime minister, left, and Olaf Scholz, Germany's chancellor, ahead of their meeting at the Chancellery in Berlin, Germany, on Wednesday, Aug. 28, 2024.Krisztian Bocsi | Bloomberg | Getty ImagesU.K. Prime Minister Keir Starmer and German Chancellor...
Foot Locker (FL) earnings Q2 2024
Foot Locker on Wednesday said comparable sales grew for the first time in six quarters as its efforts to refresh its stores and improve the customer experience continue to bear fruit. The beleaguered sneaker company's same-store sales grew 2.6% during its fiscal...
Gala Games Integrates Google Pay and Apple Pay for NFT Transactions
Lawrence Jengar Aug 27, 2024 21:49 Gala Games partners with Coinflow to integrate Google Pay and Apple Pay, enhancing payment options for seamless NFT transactions. Gala Games, in collaboration with Coinflow,...
Binance P2P Offers 5,000 FDUSD to Users in Welcome Back Campaign
Ted Hisokawa Aug 28, 2024 03:19 Binance P2P announces a promotional campaign offering 5,000 FDUSD in rewards for eligible users who have not traded since January 2024. Binance has launched a new promotional...
A third of the world’s population lacks internet connectivity − airborne communications stations could change that :: InvestMacro
By Mohamed-Slim Alouini, King Abdullah University of Science and Technology and Mariette DiChristina, Boston University About one-third of the global population, around 3 billion people, don’t have access to the internet or have poor connections because of...
How many accounts opened, avg deposit & RuPay cards issued?, ET BFSI
10 years of PMJDY: How many accounts opened, avg deposit & RuPay cards issued?The Pradhan Mantri Jan Dhan Yojana (PMJDY), one of the largest financial inclusion initiatives, has completed its 10 years on August 28. Launched by Prime Minister Narendra Modi in 2014...
India poised to become 3rd largest economy in the world: Ashwini Vaishnaw, ET BFSI
New Delhi, India would soon become the third largest economy in the world, Union Information and Broadcasting, Railways, and Electronics and Information Technology Minister Ashwini Vaishnaw said on Tuesday.The minister reeled out the growth rates compiled in the IMF's...
Trump budget proposals would spike deficits 5 times more than Harris
Former President Donald Trump's economic proposals would increase federal deficits by $5.8 trillion over the next decade, almost five times more than those of Vice President Kamala Harris, which would add $1.2 trillion, according to a new pair of studies from the...
Decoding Blockchain Developer Salaries: A Comprehensive Guide
The emergence of blockchain has taken the technology realm by storm. The robust capabilities of blockchain technology have led to growth at an exponential rate. Within a short span of time, the presence of blockchain can be felt across diverse industries and sectors....
Ant International joins Hong Kong Monetary Authority’s Project Ensemble Sandbox
Ant International today announced its participation in the Hong Kong Monetary Authority’s (HKMA) Project Ensemble Sandbox, focusing on “Liquidity Management”, one of its four main themes. Launched in March this year, Project Ensemble is the HKMA’s wholesale central...
Heatwave, elections caused a sequential squeeze in India’s microfinance sector, ET BFSI
Kolkata: The severe heat wave in North India and the two-month long general elections have led to a sequential squeeze in the country's microfinance sector for the first time in 12 quarters with the sector's outstanding gross loan portfolio shrinking to Rs 4.33 lakh...
HKMA Unveils Project Ensemble Sandbox to Propel Tokenisation Adoption
Terrill Dicki Aug 28, 2024 09:16 The Hong Kong Monetary Authority (HKMA) has launched Project Ensemble Sandbox, focusing on accelerating the adoption of tokenisation in the financial sector. The Hong Kong...
How gold affects foreign exchange reserves in India, ET BFSI
- Suhani PrakashWhat are Foreign Exchange Reserves? Foreign Exchange Reserves are holdings of foreign currencies managed by The Reserve Bank of India (RBI) that are used for international transactions, including trade and settlement of debts, and supporting the Indian...
Trump re-charged in special counsel election case due to Supreme Court immunity ruling
Republican presidential nominee, former U.S. President Donald Trump speaks during the National Guard Association of the United States' 146th General Conference & Exhibition at Huntington Place Convention Center on August 26, 2024 in Detroit, Michigan. Emily...
How AI deciphers neural signals to help a man with ALS speak :: InvestMacro
By Nicholas Card, University of California, Davis Brain-computer interfaces are a groundbreaking technology that can help paralyzed people regain functions they’ve lost, like moving a hand. These devices record signals from the brain and decipher the user’s intended...
Washington Commanders stadium naming goes to Northwest Federal Credit Union
Washington Commanders fans celebrate after NFL team owners unanimously approved Josh Harris' purchase of the team from Daniel Snyder, at The Bullpen's "Burgundy and Sold" party on July 20, 2023.Julia Nikhinson | The Washington Post | Getty ImagesThe home of the...
RuPay credit card reward point rules from September 1, ET BFSI
The National Payments Corporation of India (NPCI) has directed all banks issuing RuPay credit cards to ensure that the rewards points, benefits, features and other offers should not be lower for RuPay Credit Cards on UPI transactions. This directive by NPCI is...
MultiSigWallet Enhances Security for Transactions on BitTorrent Chain (BTTC)
Alvin Lang Aug 28, 2024 08:38 Discover how the MultiSigWallet smart contract is revolutionizing secure transactions on the BitTorrent Chain (BTTC) with multi-signature functionality. The introduction of the...
California officials get aggressive on homelessness after court ruling
Los Angeles, CA - June 10: After his homeless encampment under the 110 Freeway was removed by the city of Los Angeles for the Summit of the Americas, Calvin Hall, 63, who has been homeless for four years, returns from grocery shopping through a fenced-off area to a...
Finance Minister meets Singapore President & PM to accelerate bilateral pact, ET BFSI
Finance minister Nirmala Sitharaman Monday met Singapore President Tharman Shanmugaratnam and Prime Minister Lawrence Wong to take forward bilateral strategic partnership.She was joined by external affairs minister S Jaishankar, commerce minister Piyush Goyal and...
Nordstrom (JWN) earnings Q2 2024
Nordstrom on Tuesday posted earnings that blew past Wall Street's expectations, indicating the department store is making strides in its efforts to cut costs and boost efficiencies. Though the Seattle-based retailer posted earnings per share that were 25 cents higher...
CME Group to launch wheat spread futures
International derivatives marketplace CME Group today announced that it will launch two new wheat spread futures contracts on October 14, pending regulatory review. The CBOT Wheat – Euronext Milling Wheat No. 2 Spread futures contract and the KC HRW Wheat – Euronext...
Finarkein Analytics raises $4.75 million in funding from Nexus Venture Partners, others, ET BFSI
Data analytics firm Finarkein Analytics has raised $4.75 million in a pre-series A funding round led by Nexus Venture Partners. Existing investors IIFL Fintech Fund and Eximius Ventures also participated in the round, along with angel investors like Nitin Gupta of Uni...
Lego revenue jumps 13% in first half of 2024
Customers at a Lego store in Shanghai, China, on Feb. 3, 2024.Costfoto | Nurphoto | Getty ImagesAn inflation-fueled sales slump hit the toy industry in the first half of 2024, but one company is gaining market share brick by brick.On Wednesday, Lego said revenue...
RFK Jr. to stay on Wisconsin ballot after endorsing Trump
Independent presidential candidate Robert F. Kennedy Jr. makes an announcement on the future of his campaign in Phoenix, Arizona, U.S. August 23, 2024. Thomas Machowicz | ReutersThe Wisconsin Elections Commission on Tuesday voted to keep Robert F. Kennedy Jr. on the...
Binance to Support Kaia (KLAY) Network Upgrade and Hard Fork
Luisa Crawford Aug 28, 2024 03:38 Binance announces support for Kaia (KLAY) network upgrade and hard fork, suspending deposits and withdrawals temporarily. Binance, one of the leading cryptocurrency exchanges,...
Valutrades sees Revenues collapse down 77% in 2023, posts £3.8M loss
Following a quite successful 2022, FCA regulated FX and CFDs broker Valutrades saw a dramatic turnaround for the worse in 2023, with Revenues nearly evaporating entirely as the company posted a loss that ate up most of its shareholders’ equity. After a 47% rise in...
Binance Introduces New Earn Wednesday Limited-Time Offers
Terrill Dicki Aug 21, 2024 12:30 Binance announces new limited-time offers available every Wednesday through its Earn platform, including Simple Earn, ETH Staking, and Dual Investment. Binance, the leading...
L&T Finance Limited penalised for excess claim of input tax credit, ET BFSI
The L&T Finance Limited has been penalised Rs. 28 Lakh under Section 73 of the Central Goods and Service Tax Act, 2017 by the Deputy Commissioner of State Tax, Special Circle, Patna, Bihar, according to the exchange filling.The penalty is levied on the violations...
20 Reasons I Love YNAB
At first, when I was asked to write this list of 20 reasons I love YNAB, I was a little hesitant. That’s a whole lotta reasons… But, I should’ve known better. As I wrote, they just kept on coming. You see, YNAB has changed my financial wellbeing—profoundly. And I’m...
PM Modi, FM Sitharaman lauds financial inclusion scheme, ET BFSI
The Pradhan Mantri Jan Dhan Yojana (PMJDY) on August 28, 2024, completed ten years of its implementation. The scheme launched in 2014, has proven to be the foundation stone in bringing over 80 per cent of Indian women under the ambit of financial inclusion, reported...
Bitcoin is a dipping below the $61,000 level and works quickly toward $60,000
The price of bitcoin is trading to a new low and in the process has moved below the $61,000 level.It is also moving further away from the near converged 100 and 200-day moving averages (blue and green lines on the chart above) which come in at $63,478 and $63,712. The...
Cryptocurrencies tumble amid a wave of long liquidations, bitcoin falls under $60,000
Cryptocurrencies extended declines from Tuesday as Asia futures pointed lower, triggering a wave of liquidations on the Bybit exchange.The price of bitcoin was last lower by 5.9% at $59,421.95 on Wednesday, according to Coin Metrics. Ether tumbled more than 4.5% to...
NFL wants to take percentage of private equity investment profits
Brock Purdy, #13 of the San Francisco 49ers, prepares to take a snap in the first quarter against the Kansas City Chiefs during Super Bowl LVIII at Allegiant Stadium in Las Vegas on Feb. 11, 2024.Michael Reaves | Getty ImagesThe National Football League has informed...
NVIDIA Unveils Spectrum-X to Enhance Large-Scale AI Workloads
James Ding Aug 27, 2024 19:27 NVIDIA introduces Spectrum-X, a high-performance Ethernet fabric, to optimize AI workloads and enhance data center efficiency. In a significant move to address the growing demands...
Standard Chartered names Jean Lu its CEO for China
Standard Chartered Bank announced today the appointment of Jean Lu as Chief Executive Officer, China and Executive Vice Chairperson of the Board of Standard Chartered Bank (China) Limited, with immediate effect. Jean Lu In her new role, Jean will oversee the Bank’s...
Nasdaq, CF Benchmarks collaborate on Nasdaq Bitcoin Index Options
Nasdaq (NASDAQ:NDAQ), in partnership with CF Benchmarks, today announced its filing with the Securities and Exchange Commission to list and trade Nasdaq Bitcoin Index Options (XBTX). Upon regulatory approval, investors will be able to manage positions and hedge...
Anthropic’s Artifacts Now Available to All Claude.ai Users
Caroline Bishop Aug 27, 2024 18:36 Anthropic announces the general availability of Artifacts for all Claude.ai users across Free, Pro, and Team plans, enhancing creative collaboration. Anthropic has announced...
CME Group to launch Bitcoin Friday futures
International derivatives marketplace CME Group today announced it will further expand its cryptocurrency derivatives offerings with the introduction of Bitcoin Friday futures (BFF) on September 30, pending regulatory review. Sized at one-fiftieth of one bitcoin,...
Taiko’s First 90 Days: Milestones and Future Plans
Ted Hisokawa Aug 27, 2024 17:38 Taiko celebrates 90 days since its mainnet launch, highlighting significant achievements and future plans in the Ethereum rollup ecosystem. Taiko, a pioneering Ethereum-based...
This water treatment startup is already a unicorn
While it might seem like humans and animals consume most of the world's water, heavy industry uses up to half of it. That's why business sectors are looking for new ways to recycle water, especially in the face of increased drought.Some of the world's most essential...
Gold’s Price Prospects Amid Middle East Tensions and Fed Policies :: InvestMacro
By RoboForex Analytical DepartmentGold prices have recently dipped to 2507 USD per troy ounce but are poised for a potential rebound due to increased demand for safe-haven assets amid escalating conflict in the Middle East. Additionally, anticipations of monetary...
Binance Affiliates Can Earn Up to 95,000 USDC in New Content Challenge
Caroline Bishop Aug 27, 2024 17:03 Binance announces a content challenge campaign for affiliates with rewards up to 95,000 USDC. The campaign runs from August 27 to September 30, 2024. Binance has unveiled an...
BNB Chain Facilitates Telegram Mini-dApps Development
Alvin Lang Aug 27, 2024 16:41 Discover how BNB Chain is enabling the development of Telegram mini-dApps, reducing dependency on TON wallets, and providing seamless user experiences. BNB Chain is making strides...
Trump taps RFK Jr., Tulsi Gabbard for transition team
Former President Donald Trump has added his onetime campaign rival Robert F. Kennedy Jr. and the former Democratic Rep. Tulsi Gabbard to his presidential transition team, a spokesman confirmed Tuesday.Both Kennedy and Gabbard endorsed Trump in the past week in his...
TradingView adds new filters and columns in Stock Screener
TradingView has enhanced the Stock Screener by introducing new filters and columns: Recent earnings date and Upcoming earnings date. They provide insight into the dates of a company’s most recent or upcoming earnings reports, helping you make more informed decisions...
Spurt in travel spurs credit card spends overseas, BFSI News, ET BFSI
Overseas credit card spending increased more than prepaid payment instruments (PPIs) and debit cards over the past two years due to a spurt in travel after the easing of travel restrictions after the Covid-19 pandemic and higher reward points given by card issuers....
Home prices hit record high in June on S&P Case-Shiller Index
Even as mortgage interest rates were rising, home prices reached the highest level ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index.On a three-month running average ended in June, prices nationally were 5.4% higher than they were in June 2023,...
Maharashtra AAR rules no GST on RBI’s penalties, late fees, and fines, ET BFSI
In a significant ruling, the Maharashtra Authority for Advance Rulings (AAR) has determined that penalties, late fees, penal interest, and fines imposed by the Reserve Bank of India (RBI) are not subject to Goods and Services Tax (GST). The decision, outlined in Order...
Buy now, pay later firm Klarna swings to first-half profit ahead of IPO
"Buy-now, pay-later" firm Klarna aims to return to profit by summer 2023.Jakub Porzycki | NurPhoto | Getty ImagesKlarna said it posted a profit in the first half of the year, swinging into the black from a loss last year as the buy now, pay later pioneer edges closer...
Major New Upleg Starting in Copper? :: InvestMacro
Technical Analyst Clive Maund shares an update where he explains why now is a great time to buy all things copper.Copper looks ready for its next big runup, which could be massive. It has been performing very well indeed technically, as we can see on its latest...
Banks are closed for 15 days in September; check complete state-wise holiday list, ET BFSI
In September 2024, banks will remain closed for 15 days in various states, including the second and fourth Saturdays as well as Sundays. The Reserve Bank of India (RBI) releases a monthly list of bank holidays to ensure that customers are not inconvenienced and can...
NVIDIA and Partners Unveil NIM Agent Blueprints to Accelerate AI Application Development
Caroline Bishop Aug 27, 2024 15:29 NVIDIA and global partners have launched NIM Agent Blueprints to help enterprises build and deploy generative AI applications for various use cases. NVIDIA, in collaboration...
Govt capex boosts GDP growth by 3.4 pc from 1.6 pc over last 10 years: Moody’s, ET BFSI
New Delhi [India], August 27 (ANI): Over the last ten years, the government has escalated its capital spending on infrastructure from Rs 1.97 trillion (1.6 per cent of GDP) in FY2014-15 to Rs 11.1 trillion (3.4 per cent of GDP) in FY2024-25, according to Moody's.This...
Interactive Brokers enables its clients to trade stocks on Bursa Malaysia
Electronic trading major Interactive Brokers (NASDAQ:IBKR) today announced that its clients can trade stocks on Bursa Malaysia, one of the largest stock exchanges in Southeast Asia. With this launch, IBKR clients can trade Malaysian Ringgit (MYR) denominated equities...
Yes Bank ousts its country head of financial markets Amit Sureka, ET BFSI
Yes Bank on Tuesday relieved Amit Sureka from his duties as the country head of its financial markets division.The lender, in a statement, did not mention the reason for Sureka's removal.Sureka, based in the lender's Mumbai branch, had joined Yes Bank in 2005.Yes...
NVIDIA NIM Agent Blueprints Propel Enterprise Generative AI
Rebeca Moen Aug 27, 2024 14:52 NVIDIA launches NIM Agent Blueprints to fast-track enterprise generative AI applications, enhancing business objectives with advanced AI tools. The initial wave of generative AI...
Oil prices jumped amid increased geopolitical risk in the Middle East. Investors focus on the Australian inflation data :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index was up 0.16%, while the S&P 500 (US500) Index was down 0.32%. The NASDAQ Technology Index (US100) closed negative 0.85%.On Monday, San Francisco Fed Chair Mary Daly said that “the time to adjust policy is...
Muthoot Microfin secures $15 million from Triple Jump, nears $35 million deal with BlueOrchard, ET BFSI
Muthoot Microfin has finalised a deal with Dutch development finance institution Triple Jump to raise $15 million in non-convertible debentures, while it is in advanced stage of discussions to raise another $35 million from Swiss impact investor BlueOrchard even as...
Insolvency resolution time increases as 21,000 cases pile up before 15 NCLTs, ET BFSI
The average time taken to conclude the corporate insolvency resolution process (CIRP) has increased to 680 days as of March 2024, up from 611 days a year ago, according to official data.Currently, nearly 21,000 cases are pending before the 15 NCLT benches, with...
Bitfarms Expands U.S. Operations with Control of Sharon, PA Data Center
Felix Pinkston Aug 27, 2024 13:33 Bitfarms Ltd. has assumed control of its first large-scale site in the U.S., increasing its American footprint from 20 MW to 140 MW. Bitfarms Ltd. (Nasdaq/TSX: BITF), a global...
Hindenburg Research discloses short position in server maker Super Micro
The logos of Super Micro Computer are pictured at one of the world's largest computer and technology trade shows.Ann Wang | ReutersShort seller Hindenburg Research said on Tuesday it had a short position in server maker Super Micro Computer, citing evidence of...
New Travel Rule Regulations Impacting Crypto Transactions
Timothy Morano Aug 27, 2024 13:50 In a recent podcast, Alice Nawfal discusses how new Travel Rule regulations are shaping the crypto industry and the compliance challenges faced by VASPs. The latest episode of...
AvaTrade expands LATAM presence with Colombia SFC authorisation
Ireland and Israel based Retail FX and CFDs broker AvaTrade has announced that the company has received authorisation from the Financial Superintendence of Colombia (SFC) to operate within the country. The company said that this pivotal achievement underscores...
HSBC ramps up funding corpus for tech startups to $600 million from $250 million, ET BFSI
HSBC India has expanded its funding programme for local tech startups to $600 million as the UK-based bank bets on robust growth in the sector, which would prompt more and more firms to opt for global exposure, a senior executive said to ET.“What the bank decided five...
Ministers panel on GST reviews rates of several categories, ET BFSI
Representative ImageThe group of ministers (GoM) on GST rate rationalisation may have deferred a plan to rework slabs but it is undertaking a thorough review of rates across several categories, including items in the 12% and 18% brackets and will take a call on...
UK’s Starmer warns of “painful” October budget to tackle public finances
Prime Minister Sir Keir Starmer during his speech and press conference in the Rose Garden at 10 Downing Street on August 27, 2024 in London, England.Wpa Pool | Getty Images News | Getty ImagesLONDON — U.K. Prime Minister Keir Starmer on Tuesday told the nation that...
NFL private equity ownership vote expected to approve select firms
Jacob Kupferman | Getty ImagesThe NFL's most exclusive club is about to let in new members. At a special league meeting in Eagan, Minnesota, on Tuesday, the National Football League's 32 owners are expected to vote in favor of allowing select private equity firms to...
US30 index hits record intraday high! :: InvestMacro
By ForexTimeUS30 posted highest-ever intraday price on Monday, August 26thUS stock markets cheer incoming Fed rate cutsUS30/Dow index could climb another 7% by August 2025Technicals: US30 yet to reach “overbought” conditionsThis week’s key events: Nvidia earnings, US...
India Shelter Finance Corporation Limited Receives Upgraded Credit Rating from ICRA, ET BFSI
Gurugram, Haryana, India (NewsVoir) India Shelter Finance Corporation Limited, a one of the premier housing finance companies announces that ICRA Limited has upgraded the credit ratings of its Non-Convertible Debentures (NCD) and term loans. The rating for India...
Binance Announces VIP ‘Supernova’ Program with $20,000 in Rewards
Luisa Crawford Aug 27, 2024 12:47 Binance introduces the VIP 'Supernova' Program, offering $20,000 in rewards through Binance Gift Packs and Trading Fee Rebate vouchers. Binance, a leading global cryptocurrency...
Review going on, a rate reset may come by September end, ET BFSI
The keenly-watched plan to rework the GST rates may have been pushed a bit down the road, but a lot has been going on in the background, ToI reported on August 27. The Group of Ministers (GoM) tasked with resetting rates is conducting a thorough review of various...
Sony raises price of PlayStation 5 in Japan by 19%
The PlayStation DualSense controller and PlayStation 5 console.Jakub Porzycki | Nurphoto | Getty ImagesSony on Tuesday announced a price hike for its flagship PlayStation 5 console, even as the device enters its fourth year on the market.The Japanese gaming giant said...
ICE partners with Space Intelligence to launch ICE’s Commodity Traceability Service
Intercontinental Exchange, Inc. (NYSE:ICE) today announced that ICE Benchmark Administration Limited (IBA) is collaborating with Space Intelligence, a provider of high accuracy nature mapping data, to launch the ICE Commodity Traceability Service (ICE CoT). ICE CoT is...
report, BFSI News, ET BFSI
Cobranded credit cards are expected to account for about 25% of the Indian credit card market in terms of issuances by the end of FY28, growing at a compound annual growth rate of 35-40%, according to a report by fintech startup Hyperface and consultancy firm...
Nvidia is world’s ‘most important stock,’ adds pressure to Q2 earnings
Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | ReutersFor Nvidia investors, the past two years have been a joyride. But recently they've been on more of a roller coaster.As the primary beneficiary of the...
Understanding the Cost of AI Image Generation Apps: A Detailed Guide
Zach Anderson Aug 27, 2024 11:44 Explore the pricing, features, and subscription plans of top AI image generation apps like Craiyon, Leonardo.Ai, and DeepAI. AI image generation has revolutionized visual content...
EAM Jaishankar hails ‘productive’ India-Singapore Ministerial Roundtable, ET BFSI
Singapore, India and Singapore explored enhanced cooperation in digital, skill development, sustainability, healthcare, connectivity and advanced manufacturing areas during the 2nd India-Singapore Ministerial Roundtable (ISMR) held in Singapore on Monday. External...
Russia warns France over Telegram founder Pavel Durov’s detainment
Telegram founder and CEO Pavel DurovAOP.Press | Corbis | Getty ImagesRussia on Tuesday issued words of caution to France over its detainment of Pavel Durov, the CEO and founder of messaging app Telegram, suggesting the move may be politically motivated.On Saturday,...
Space missions are getting more complex − lessons from Amazon and FedEx can inform satellite and spacecraft management in orbit :: InvestMacro
By Koki Ho, Georgia Institute of Technology and Mariel Borowitz, Georgia Institute of Technology Most space mission systems historically have used one spacecraft designed to complete an entire mission independently. Whether it was a weather satellite or a human-crewed...
India’s Shriram Finance plans to raise up to $1.5 billion from overseas, CEO says, ET BFSI
BENGALURU -Indian non-banking lender Shriram Finance plans to raise up to $1.5 billion from the overseas market in the current fiscal year in a bid to diversify its borrowings, its chief executive told Reuters on Tuesday."We are targeting to raise anywhere between...
Zuckerberg alleges White House ‘pressured’ Meta to ‘censor’ Covid-19 content
Mark Zuckerberg, CEO of Meta, testifies during the Senate Judiciary Committee hearing titled "Big Tech and the Online Child Sexual Exploitation Crisis," in Dirksen building on Wednesday, January 31, 2024.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe Biden...
Eli Lilly releases new, cheaper form of weight loss drug
An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.Brendan McDermid | ReutersEli Lilly on Tuesday released a new form of its weight loss drug Zepbound for roughly half its usual monthly list price to reach...
BitMEX Introduces Fair Price Marking for DOGSUSDTQ24
James Ding Aug 27, 2024 09:13 BitMEX has updated the Mark Method for DOGSUSDTQ24 to Fair Price marking, effective August 27, 2024, enhancing price accuracy. BitMEX has announced a significant update for the...
AI integration in finance sector unlocks new opportunities: Shaktikanta Das, ET BFSI
AI integration in finance sector unlocks new opportunities: Shaktikanta DasIntegration of artificial intelligence (AI) into financial services brings significant opportunities for all stakeholders, the Reserve Bank of India (RBI) Governor Shaktikanta Das on...
PolitiFi Tokens Surge 782.4% in 2024, Surpassing Meme Coins
Rebeca Moen Aug 27, 2024 10:27 PolitiFi tokens have surged 782.4% in 2024, significantly outperforming meme coins. Learn about the top performers and key events driving this trend. As the 2024 US election nears,...
HKEX appoints Johnson Chui as Managing Director, Head of Global Issuer Services
Hong Kong Exchanges and Clearing Limited (HKEX) today announced the appointment of Mr Johnson Chui as Managing Director, Head of Global Issuer Services. Mr Chui will join the Group on 2 September 2024, reporting jointly to Wilfred Yiu and Glenda So in their capacity...
Small finance banks credit growth expected to slow down to 26% this fiscal, ET BFSI
Growth in small finance banks (SFB) is expected to slow down by a few percentage points to 26% this fiscal, from 28% in previous fiscal, as these banks are likely to explore alternate non deposit avenues to fund credit growth, said a report by Crisil.This estimates...
PyTorch vs. TensorFlow vs. Keras: Key Differences
Deep learning frameworks help in easier development and deployment of machine learning models. The frameworks support AI systems with learning, training models, and implementation. The three most prominent deep learning frameworks right now include PyTorch, Keras, and...
Euronext, Nord Pool to launch Nordic and Baltic power futures market
Euronext today announced that Nord Pool will enter a new area of business with the launch, together with Euronext, of a dedicated Nordic and Baltic power derivatives market. The new Euronext Nord Pool Power Futures market will be traded on Euronext’s pan-European...
Convin secures $6.5 million in funding for expansion plan, BFSI News, ET BFSI
Convin, an AI-powered conversation intelligence platform, has raised $6.5 million in a funding round led by India Quotient.The money will be used for expanding the Bengaluru-based company’s core team and distribution channels, its chief executive, Ashish Santhalia,...
NABARD issues admit cards for Grade A Recruitment Exam 2024
NABARD has released admit card for Prelims Exam which can be downloaded from its official website.
SSV Network and Ether.fi Launch Learn and Earn Campaign with $50K Prize Pool
Tony Kim Aug 27, 2024 09:54 SSV Network and Ether.fi have partnered to launch a Learn and Earn campaign, offering participants a chance to win from a $50,000 prize pool by learning about DVT. SSV Network and...
Apple to replace CFO Luca Maestri on Jan. 1
Luca Maestri speaks to newly graduated students during the visit of the President of the Council, Giuseppe Conte, to Apple and Cisco Academy.Marco Cantile | Lightrocket | Getty ImagesApple announced Monday that it will replace Chief Financial Officer Luca Maestri on...
Former director of Growth Plus Financial Group sentenced to 12 years imprisonment for fraud
Ben Jayaweera, a former financial adviser and director of Growth Plus Financial Group Pty Ltd (in Liquidation), has been sentenced to 12 years’ imprisonment following a hearing in the Brisbane District Court on 26 August 2024. On 23 August 2024, a jury found Mr...
Yes Bank ties up with Newtap Finance to Offer Financing Solutions, ET BFSI
Private sector lender Yes Bank, has entered into a co-lending partnership with Newtap Finance to provide personalised financing solutions to creditworthy individuals on CRED.Dreamplug Technologies Private Limited (DTPL), which operates CRED, will serve as the Lending...
Ministers panel on GST reviews rates of several categories, ET BFSI
The group of ministers (GoM) on GST rate rationalisation may have deferred a plan to rework slabs but it is undertaking a thorough review of rates across several categories, including items in the 12% and 18% brackets and will take a call on several products and...
Amazon aggregators Branded, Heyday plan to merge as industry shrinks
An Amazon contract worker pulls a cart of packages for delivery in New York, US, on Monday, April 22, 2024.Angus Mordant | Bloomberg | Getty ImagesAmazon aggregators Branded and Heyday plan to merge, CNBC has learned, as a segment of the e-commerce industry that...
Hong Kong Monetary Authority Warns Public About Impersonation Scam
Luisa Crawford Aug 27, 2024 08:44 The Hong Kong Mortgage Corporation Limited (HKMC) alerts the public to an impersonation scam involving fake loan offers and a fraudulent website. The Hong Kong Mortgage...
Will RBI’s new gambit Unified Lending Interface be a gamechanger like UPI?, ET BFSI
The Reserve Bank of India (RBI) is set to introduce a new digital platform that could reshape the lending sector. The Unified Lending Interface (ULI) is poised to do for credit what the Unified Payments Interface (UPI) did for digital payments—streamline processes,...
Martin Shkreli must surrender Wu-Tang Clan album copies
Martin Shkreli, former chief executive officer of Turing Pharmaceuticals AG, exits court in New York, US, on Wednesday, Oct. 4, 2023. Yuki Iwamura | Bloomberg | Getty ImagesA New York federal judge on Monday ordered notorious "pharma bro" Martin Shkreli to surrender...
Restaurants fight FTC junk fee crackdown over surcharges
Leopatrizi | E+ | Getty ImagesLawmakers want to crack down on "junk fees," but restaurants are trying to stay out of the fight.Surcharges or fees covering everything from credit card processing to gratuities to "inflation" have become more popular on restaurant checks...
Plus500 to commence new $110M share buyback program
Plus500 Ltd (LON:PLUS), a global multi‐asset fintech group, announced that it will commence a new share buyback programme today to purchase a total of up to $110 million of the company’s shares. The Share Buyback Programme is part of the $185.5 million of shareholder...
How TapFin is opening the funding tap for startups in sustainability space, ET BFSI
The focus on sustainability has in the past couple of years led to the rise of startups working to mitigate climate change. Mumbai-based sustainable financing platform TapFin is working on removing the financial barriers of these startups and also promoting more...
Canada to slap 100% import tariffs on Chinese electric vehicles
Canada's Prime Minister Justin Trudeau speaks during a press conference following a cabinet shuffle, at Rideau Hall, in Ottawa, Ontario, Canada, July 26, 2023.Blair Gable | ReutersCanada said on Monday it would impose 100% import tariffs on China-made electric...
RBI looks to soften blow of tighter infrastructure funding rules, ET BFSI
The Reserve Bank of India (RBI) is contemplating a staggered implementation of the increase in provisioning for project financing to soften the blow on lenders and give them ample time to prepare for any impact on profitability. Projects nearing completion may also be...
Rupee slips but state-run banks’ dollar sales cap losses, BFSI News, ET BFSI
By Jaspreet KalraMUMBAI - The Indian rupee weakened slightly on Tuesday, tracking a decline in its Asian peers, but its losses were limited by mild dollar sales by state-run banks, traders said.The rupee was at 83.9325 as of 10:10 a.m. IST, against a close of 83.90 in...
This Nvidia partner can help AI data centers halve energy consumption
The HyperCube utilizes advanced immersion cooling technology.Sustainable Metal CloudThe artificial intelligence boom is ramping up demand for more powerful processors as well as the energy needed to keep data centers cool.That's an opportunity for data center company...
Bitcoin rally helps create 84,000 new crypto billionaires in a year
In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in Paris, France, on March 5, 2024.Chesnot | Getty Images News | Getty ImagesThe population of crypto millionaires in the world soared 95% over the past year as...
Smith urges appeals court to reverse dismissal
Former U.S. President Donald Trump delivers remarks during an event following his arraignment on classified document charges, at Trump National Golf Club in Bedminster, New Jersey, on June 13, 2023.Amr Alfiky | ReutersSpecial counsel Jack Smith on Monday urged a...
Examining the Costs of AI Video Generation Platforms: A Comprehensive Breakdown
Felix Pinkston Aug 27, 2024 08:10 Analyze the costs of AI video generation platforms like Leonardo.AI, DeepAI, and InVideo. Learn about plans, features, and pricing to make an informed choice. AI video...
SIX, Diebold Nixdorf partner to secure long-term cash supply in Switzerland through innovative approaches
SIX and Diebold Nixdorf are entering into a cooperation to secure the long-term cash supply in Switzerland through innovative approaches. The digitalization of payments is progressing rapidly, and cash and cash supply are adapting to market changes. In Switzerland,...
Together.ai Unveils Rerank API and Salesforce LlamaRank for Enhanced Enterprise Search
Peter Zhang Aug 27, 2024 07:48 Together.ai introduces a serverless Rerank API and exclusive access to Salesforce's LlamaRank model, enhancing enterprise search and Retrieval Augmented Generation (RAG) systems. ...
Reliance Home Finance, Reliance Power shares hit lower circuit limits, ET BFSI
New Delhi: Shares of Anil Ambani-led group firms -- Reliance Home Finance Ltd, Reliance Power and Reliance Communications -- hit their lower circuit limits on Monday as investors continued to desert the counters after markets regulator Sebi barred the industrialist...
Outgoing RBI policymaker contradicts central bank on food risks, ET BFSI
An outgoing member of the Reserve Bank of India’s interest-rate panel said there’s no evidence higher food costs are pushing up prices more broadly in the economy, a reason often cited by Governor Shaktikanta Das for keeping monetary policy tight.Jayanth Rama Varma —...
AMD Releases Ryzen AI Software 1.2 with Enhanced Tools and Capabilities
James Ding Aug 26, 2024 18:35 AMD introduces Ryzen AI Software 1.2, offering developers new tools and enhanced hardware support for AI-driven applications, according to AMD.com. AMD has unveiled the latest...
Mavericks, Pelicans games leave local networks amid Diamond bankruptcy
The NBA logo before the game between the Detroit Pistons and Charlotte Hornets at Little Caesars Arena in Detroit on March 11, 2024.Nic Antaya | Getty ImagesDallas Mavericks and New Orleans Pelicans fans are waiting for a new way to watch local games in the upcoming...
DeepBook Enhances DeFi Capabilities with Version 3 Launch
Alvin Lang Aug 26, 2024 17:55 DeepBook unveils Version 3 on Sui Testnet, introducing key features like reduced gas fees and dynamic trading fees to enhance DeFi protocols. DeepBook has launched its latest...
Trump clemency recipient Jonathan Braun arrest eyed by judge
Republican Presidential nominee, former president Donald J. Trump remarks during a campaign event at Precision Custom Components on August 19, 2024 in York, Pennsylvania. Tierney L. Cross | Getty ImagesA New York federal judge has ordered U.S. probation officials to...
Banks leaning on CDs for near-term funding needs, ET BFSI
Mumbai: With deposit mobilisation becoming a challenge, Indian banks are relying heavily on certificates of deposit (CDs) to meet their near-term funding needs, according to central bank data.In July, CDs issued by banks grew by more than 38% year-on-year to ₹4.3 lakh...
NVIDIA Unveils New CUDA Libraries, Promises Major Speed and Efficiency Gains
Felix Pinkston Aug 26, 2024 17:26 NVIDIA introduces new CUDA libraries to enhance accelerated computing, offering substantial speed and energy efficiency improvements across various applications. NVIDIA has...
Domestic banks and NBFCs increase exposure to Adani Group to 36% of total debt, ET BFSI
Domestic banks and non-banking financial companies (NBFCs) now account for 36% of the Adani Group's total debt mix, having raised their exposure to the group by around 500 basis points through 2023-24, data showed. Debt at the Indian conglomerate rose on account of...
AssemblyAI Enhances Automatic Language Detection with Broader Support and Higher Accuracy
Zach Anderson Aug 26, 2024 16:49 AssemblyAI announces improvements in its automatic language detection model, offering increased accuracy and expanded support for 17 languages. AssemblyAI has announced...
Banks up tech hiring with RBI pushing for enhanced risk management, ET BFSI
As India’s central bank steps up the emphasis on financial sector stability, banks are beefing up their technology teams and enhancing IT spending, as cybersecurity concerns and the need for AI-led services are increasingly becoming core to the sector.Even as overall...
NVIDIA AI Workbench Simplifies GPU Utilization on Windows
Rebeca Moen Aug 26, 2024 16:27 NVIDIA's AI Workbench streamlines data science, ML, and AI projects across PCs, workstations, datacenters, and cloud environments. NVIDIA has introduced the AI Workbench, a free...
Apple announces iPhone event for Sept. 9
Tim Cook, CEO of Apple, at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 9, 2024.David A. Grogan | CNBCApple announced it will hold a press event at its headquarters in Cupertino, California, on Monday, Sept. 9, where the company is...
Bahrain broker CoinMENA employs Bitpanda tech to expand crypto asset offering
Digital assets infrastructure provider Bitpanda Technology Solutions has announced a strategic partnership with CoinMENA B.S.C., a crypto asset platform licensed by the Central Bank of Bahrain and sister company CoinMENA FZE, licensed by the Dubai Virtual Asset...
Earn High Interest Rates with NBFC Fixed Deposits on Bajaj Markets, ET BFSI
HT SyndicationNew Delhi [India], August 26: Bajaj Markets, an online financial marketplace, offers a wide range of Fixed Deposits (FDs) through its partnerships with some of the leading Non-banking Financial Companies (NBFCs) in India. It allows investors to...
Ensuro Leverages USDC to Enhance Insurance Accessibility for Underserved Populations
Timothy Morano Aug 26, 2024 15:17 Ensuro, using USDC, is revolutionizing insurance by making it more inclusive and capital efficient, especially for underserved populations. Mainstream adoption of blockchain...
iDenfy adds Face Authentication tool to speed client onboarding
Lithuania based RegTech solutions provider iDenfy has announced the launch of a new Face Authentication service. iDenfy, best known for its variety of KYC tools, said that the new cutting-edge technology is designed to detect fraudulent biometrics and add extra...
Latest HDFC Bank, IDFC FIRST Bank credit card rules effective from September 2024, ET BFSI
HDFC Bank has modified the loyalty program for specific credit cards. IDFC FIRST has made major changes to its credit card payment terms, such as the minimum amount due (MAD) and payment due date. The updated regulations will take effect on September 1, 2024.A...
ABC News event in doubt
Republican presidential nominee and former U.S. President Donald Trump speaks during a visit to the Livingston County Sheriff's Office in Howell, Michigan, U.S., August 20, 2024. Rebecca Cook | ReutersRepublican presidential nominee Donald Trump is waffling on whether...
MoneyGram appoints Josh Gordon-Blake as Chief Digital Officer
MoneyGram International, Inc., a global financial technology company, today announced the appointment of Josh Gordon-Blake as Chief Digital Officer. As the Company’s digital business surges, Gordon-Blake joins to amplify momentum, spearheading digital strategy with a...
BNB Chain Celebrates 4-Year Anniversary with Ecosystem-Wide Campaigns and Rewards
Rebeca Moen Aug 26, 2024 13:10 BNB Chain marks its 4th anniversary with a series of campaigns, airdrops, and giveaways, offering over $200,000 in rewards and a special NFT. As BNB Chain approaches its 4-year...
REC to fund JNPA projects up to ₹45000 crore; MoU covers development of Vadhavan Port, ET BFSI
Rahul Dwivedi, Executive Director, REC, signed the MoU with Unmesh Sharad Wagh, Chairman, JNPA, in New Delhi on Monday.REC Ltd, Maharatna PSU under Ministry of Power and a leading NBFC, signed an MoU with Jawaharlal Nehru Port Authority (JNPA) for financing upto...
5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day:1. Fed by the FedStocks jumped last week as investors looked toward an expected interest rate cut in September. Federal Reserve Chair Jerome Powell bolstered a solid run for stocks...
Binance Introduces Dogs (DOGS) on Multiple Platforms Including Earn and Margin
Darius Baruo Aug 26, 2024 14:10 Binance expands its offerings by adding Dogs (DOGS) to Binance Simple Earn, Buy Crypto, Convert, and Margin platforms. Binance, a leading cryptocurrency exchange, has announced...
Dexcom launches Stelo, its first over-the-counter continuous glucose monitor
Zoom In IconArrows pointing outwardsUser wearing Stelo CGM from Dexcom.Courtesy of DexcomDexcom on Monday announced its new over-the-counter continuous glucose monitor Stelo is officially available for purchase in the U.S.Glucose is a type of sugar people receive from...
Powell’s dovish comments support indices’ growth. Silver rises after gold :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) gained 1.14% (for the week +1.24%), while the S&P 500 (US500) gained 1.15% (for the week +1.39%). The NASDAQ Technology Index (US100) closed positive 1.47% (for the week +1.29%).Speaking at the Fed’s annual symposium...
Small Savings Schemes: 6 new rules from October 1 for PPF, NSS, Sukanya Samriddhi Yojana & other schemes
Small Savings schemes latest news: The Ministry of Finance's Department of Economic Affairs has issued guidelines for regularizing irregularly opened accounts under the National Small Savings (NSS) schemes through Post Offices. These changes were announced in a...
Canaan Inc. to Join Macquarie’s 15th Annual ASEAN Conference
James Ding Aug 26, 2024 13:38 Canaan Inc. (NASDAQ: CAN) will participate in Macquarie's 15th Annual ASEAN Conference on August 27-28, 2024, hosting one-on-one meetings with institutional investors. Canaan Inc....
Boeing Starliner returning empty, NASA to use SpaceX to get astronauts
NASA astronauts Butch Wilmore, left, and Suni Williams pose inside the hatch connecting Boeing's Starliner to the International Space Station onNASABoeing will return its Starliner capsule from the International Space Station without the NASA astronauts that it...
Canada imposes a 100% tariff on imports of Chinese-made electric vehicles
Canadian Prime Minister Justin Trudeau speaks during a joint news conference with U.S. President Joe Biden, in Ottawa, Ontario, Canada, March 24, 2023.Kevin Lamarque | ReutersCanada's government is imposing a 100% tariff on imports of Chinese-made electric vehicles...
Saxo Japan to change trading conditions for five FX pairs
Saxo Bank Securities Co., Ltd., the Japanese subsidiary of multi-asset investment specialist Saxo Bank, today issued a notice regarding trading conditions. The broker explains that the foreign exchange market has recently experienced significant fluctuations, and that...
Reliance Capital lenders move NCLAT over IIHL’s payment delay, ET BFSI
The secured lenders of Reliance Capital have moved the National Company Law Appellate Tribunal seeking to modify the tribunal's order to include interest on the delayed payment by Hinduja Group-owned IndusInd International Holdings (IIHL).The committee of creditors of...
Japanese Yen Gains as USD Weakens and BOJ Signals Possible Rate Hike :: InvestMacro
By RoboForex Analytical DepartmentThe Japanese yen has shown a notable strengthening, with the USD/JPY pair dropping to 143.99 on Monday, marking a three-week low. This movement is primarily driven by the weakness of the US dollar and significant remarks from the Bank...
Risk Appetite Returns to Bitcoin (BTC) Following Federal Reserve’s Hints at Rate Cuts
Peter Zhang Aug 26, 2024 12:33 Bitcoin (BTC) surged to $65,000 as risk appetite returned following Federal Reserve Chair Jerome Powell's comments on potential rate cuts. Bitcoin (BTC) surged to $65,000 on August...
SBI Research anticipates Q1 GDP growth at 7.1%, in line with RBI forecast, ET BFSI
The Indian economy is expected to grow at 7.0-7.1 per cent in the April-June period, the first quarter of 2024-25, according to a report by SBI Research, released just days before the government is set to publish the official data.However, this growth forecast comes...
HDFC Bank partners with Zeta for its credit line on UPI offerings, ET BFSI
HDFC's association with Zeta includes working together on PayZapp, the Bank’s payments app, the acceptance of which continues to grow at a very rapid pace.Zeta, a provider of next-gen banking technology to financial institutions globally, on Monday announced its...
HKMA Alerts Public on Fraudulent Websites and Social Media Accounts Linked to Airstar Bank
Luisa Crawford Aug 26, 2024 09:55 The Hong Kong Monetary Authority (HKMA) has issued a warning about fraudulent websites and social media accounts impersonating Airstar Bank Limited. The Hong Kong Monetary...
Jio Financial Services gets nod to raise foreign investment limit to 49%, ET BFSI
Jio Financial Services Ltd Sunday said it has received approval from the Department of Economic Affairs to increase its aggregate limit of foreign investment (including FPIs) to 49% of the paid-up equity share capital on fully diluted basis.Foreign investors currently...
Binance Announces Updates to Spot Liquidity Provider Program
Jessie A Ellis Aug 26, 2024 11:22 Binance is set to update its Spot Liquidity Provider Program on September 9, 2024, introducing new benchmarks and qualifications. Binance, one of the world's leading...
An initiative to connect MSMEs globally, ET BFSI
Representative ImageThe Union Government has recently initiated the creation of Trade Connect ePlatform, an initiative that aims to connect the Indian enterprises, specially the MSMEs to global platform.Union Minister of State for Commerce and Industry, Jitin Prasada...
BitMEX to List New XBT Futures Contract Expiring in October 2024
Zach Anderson Aug 26, 2024 10:12 BitMEX announces the listing of a new XBT futures contract, underlined and margined in Bitcoin, set to expire on October 25, 2024. BitMEX, a leading cryptocurrency derivatives...
27 Irresistible Formulas for Developing Headlines That Make People Click » Succeed As Your Own Boss
When it comes to developing great content, your headlines are key. Headlines are your first—and often only—chance to capture the attention of potential readers. A compelling headline can mean the difference between a click and a pass. Whether you’re crafting headlines...
IG integration with TradingView goes live for Australian clients
Electronic trading major IG today announced that its highly anticipated TradingView integration is now live and available for its Australian clients. This powerful tool will enhance trading experience, offering advanced charting and analysis features right at traders’...
Digital Currency vs Cryptocurrency: Key Differences
Money has been one of the key elements in how the world works. Imagine the chaos in society without a store of value and means to exchange products and services. The evolution of money has led it to the point where currency has turned digital. Most of you would have...
Banks to remain closed in these states today, ET BFSI
This Monday the banks will remain closed in certain states across India due to Janmashtami. The festival varies differently from state to state, hence some states will not observe a holiday on 26th August.The following are the states where the banks will be closed...
Trump ‘orange-pilled’ by three bitcoiners in Puerto Rico, $100 million
Former President Donald Trump's photograph is seen on a digital display outside of the venue ahead of his afternoon keynote speech on the final day of the Bitcoin 2024 conference at Music City Center July 27, 2024 in Nashville, Tennessee. Jon Cherry | Getty Images...
TRADE.com operator Trade Capital UK sees 18% increase in Revenue, 55% rise in Profit in 2023
Following a successful 2022, Trade Capital UK (TCUK) Ltd, the UK based company which operates the TRADE.com Retail FX and CFDs brand, has released its financials for 2023 indicating continued growth on both the top and bottom line. TCUK posted Revenues of £892K in...
Bitcoin (BTC) Inflows Surge to $543M as Powell Hints at Rate Cuts
Lawrence Jengar Aug 26, 2024 09:23 Digital asset investment products saw $533M in inflows, driven by Bitcoin (BTC) and Ethereum (ETH) activity, following Powell's rate cut hints. Digital asset investment...
Financing platform Velocity commits Rs 400 cr to fuel festive growth for digital brands, ET BFSI
Velocity founders -Abhiroop Medhekar, Atul Khichariya, and Saurav Swaroop New Delhi: In anticipation of a significant surge in festive season demand, debt financing startup Velocity has set aside Rs 400 crore to support digital-first brands with their inventory,...
State Street Global Advisors acquires stake in Raiz Invest
State Street Global Advisors, Inc, the asset management business of State Street Corporation (NYSE:STT), today announced a strategic investment in Raiz Invest Limited (ASX:RZI), an Australian fintech platform. The parties have entered into an equity investment...
RBI Guv announces Unified Lending Interface, India’s new ‘Jam Trinity’ of Digital Finance, ET BFSI
In a keynote address at the Global Conference on Digital Public Infrastructure and Emerging Technologies, a part of the RBI@90 initiative in Bangalore, RBI Governor Shaktikanta Das named the pilot launched in 2023 as Unified Lending Interface (ULI), describing it as...
EURUSD Eyes 2023 Top After Quick Rally
EURUSD returns to positive trend after Powell confirms dovish policy adjustment Technical signals reflect weakening positive bias; next resistance could be at 1.1240-1.1274 EURUSD has had a great August so far, rising sharply from 1.0776 to nearly 1.1200 to mark its...
Binance Futures to Launch USDⓈ-Margined NULS and DOGS Perpetual Contracts with 75x Leverage
Rebeca Moen Aug 26, 2024 08:26 Binance Futures announces the launch of USDⓈ-margined NULS and DOGS perpetual contracts, offering up to 75x leverage starting August 26, 2024. Binance Futures has announced the...
60-65 per cent of India’s household gold loans market still untapped, goes to unorganised market: Jefferies, ET BFSI
New Delhi [India], August 25 (ANI): The gold loan market in India remains largely untapped. According to a report by investment banking and capital market firm Jefferies organized gold financiers account for just 5-6 per cent of the country's household gold tonnages...
Trump says Tesla CEO Elon Musk has no time for White House cabinet
Elon Musk (L) and Donald Trump (R).David Swanson | Vincent Alban | ReutersFormer President Donald Trump said that Tesla and SpaceX CEO Elon Musk likely couldn't serve in his hypothetical White House cabinet due to the demanding schedule of running his various...
RBI constantly working on policies, platforms to make India’s financial system strong: Guv Das, ET BFSI
Bengaluru, Reserve Bank Governor Shaktikanta Das on Monday said the central bank is constantly working on policies, systems, and platforms to make the country's financial sector strong, nimble and customer centric. Addressing the RBI@90 Global Conference on 'Digital...
Hantec Markets launches $500K client funds insurance via Lloyd’s
Hantec Markets has announced the launch of Hantec Client Funds Insurance. This comprehensive insurance policy guarantees the safety and security of client funds up to USD $500,000 per claimant, further solidifying Hantec Markets’ commitment to protecting client assets...
EUR/USD Outlook: Looks for Test of 2023 High After Limited Correction
EURUSD cracked 1.1200 barrier after Friday’s 0.75% rally (the biggest daily gain since Aug 2) and hit new 2024 high early Monday. Bulls remain firmly in play after strong advance in past two weeks and on track for the biggest monthly gain since November 2022, as...
Binance Lists Eurite (EURI) and Launches Zero Trading Fee Promotion
Ted Hisokawa Aug 26, 2024 07:30 Binance announces the listing of Eurite (EURI) with zero trading fee promotions for EUR/EURI and EURI/USDT pairs starting August 28, 2024. Binance, a leading cryptocurrency...
Decline in loan to deposits ratios in banks is because of lower money creation by RBI and substantial increase in banks profits: Nomura, ET BFSI
New Delhi [India], August 26 (ANI): The decline in loan-to-deposit ratios (LDR) within the banking system has been attributed to lower money creation by the Reserve Bank of India (RBI) and higher profits accrued by banks over the past two years, according to Nomura...
Should you tender?, BFSI News, ET BFSI
The Reserve Bank of India has announced early redemptions for 30 series of Sovereign Gold Bonds (SGBs) that mature between October 1, 2024 and March 31, 2025. ET explains what it means for investors in this government-backed instrument.When will the RBI buy back the...
Tesla’s Optimus faces humanoid competition at Beijing robot conference
Tesla displays Optimus next to two of its vehicles at the World Robot Conference in Beijing on Aug. 22, 2024.CNBC | EvelynBEIJING — While Chinese companies last week showed off humanlike robots playing the zither or grabbing sodas, Tesla displayed its Optimus humanoid...
Who is Telegram founder Pavel Durov — and why was he arrested?
Telegram founder and CEO Pavel DurovManuel Blondeau - Corbis | Corbis News | Getty ImagesChief executive officer of Telegram Pavel Durov was arrested at an airport on Saturday night outside Paris and placed in custody for alleged offences related to the messaging app,...
Caution Creeps Back as Markets Eye Crucial Inflation Data in the Week
Traders appear to be stepping back from last Friday’s risk-on rally, showing more caution in the Asian session today. The mood in major indices is mixed; with Nikkei trading down by more than -1%, while HSI is showing gain of about 1%. This cautious sentiment is...
HKMA and DPO Unveil CDI-CDEG Linkage to Propel Hong Kong’s Digital Economy
Felix Pinkston Aug 26, 2024 08:06 The Hong Kong Monetary Authority and Digital Policy Office have established a CDI-CDEG linkage to enhance data sharing, benefiting SMEs and promoting digital economy. The Hong...
MAS investigation results in prison sentence for individual convicted of false trading
Mr Tay Ming Hin was convicted on 26 August 2024 and sentenced to four weeks imprisonment for false trading in the shares of Catalist-listed KOP Limited. Mr Tay pleaded guilty to one charge under section 197(1)(b) of the Securities and Futures Act (SFA) for creating a...
Connecting India’s Businesses, Entrepreneurs and Innovators”, ET BFSI
Favfairs is hosting the Business Expo and Summit 2024 (Mumbai Edition) alongside the Excellency Awards at World Trade Center Mumbai on 26th & 27th October,2024. The Exhibition will be showcasing India's burgeoning business ecosystem and fostering a culture of...
Ethereum’s Dencun Upgrade: Assessing the Economic Impact and Trade-offs After 150 Days
Darius Baruo Aug 22, 2024 09:16 An in-depth analysis of Ethereum's economic landscape 150 days post-Dencun upgrade, focusing on blobs, rollups, and the overall impact on the network. Ethereum's Dencun upgrade,...
Anil Ambani reviewing Sebi order, to take appropriate steps as legally advised, ET BFSI
NEW DELHI: Anil Ambani is reviewing a Sebi order that imposed a monetary penalty and banned him from participating in the securities market for five years in connection with an alleged fund diversion case and will take appropriate next steps based on legal advice,...
ETFs: Catalysts for Bridging Traditional Finance and Web3 Adoption
Ted Hisokawa Aug 22, 2024 09:31 ETFs are pivotal in merging traditional finance with Web3, offering regulated access to blockchain investments. Learn how ETFs are driving mainstream Web3 adoption. As blockchain...
TON price falls 16% after Telegram CEO Pavel Durov arrested in France
The price of Bitcoin alternative Toncoin (TON) fell Sunday by 16% (as of the time of writing), following the arrest of TON founder, Telegram CEO Pavel Durov. Pavel Durov was arrested by French authorities after he landed during the weekend on a private jet at Le...
NITI Aayog conducts study to transform Mumbai into a global financial hub, ET BFSI
New Delhi [India], August 24 (ANI): NITI Aayog conducted a study to make Mumbai and its adjacent areas a "global financial hub" and double the metropolis' GDP in the next five years, the policy body said on Saturday.The policy body said in a post on the social media...
Hong Kong’s Market Growth and Regulatory Strides Highlighted in SFC’s Quarterly Report
Terrill Dicki Aug 22, 2024 11:12 The SFC's latest quarterly report highlights Hong Kong's market growth, strengthened international ties, and regulatory progress. Hong Kong's financial market has experienced...
HKMA and DFSA to Co-Host Climate Conference on Sustainable Finance
Joerg Hiller Aug 22, 2024 12:11 The HKMA and DFSA will co-host a Climate Finance Conference in September 2024, fostering sustainable finance cooperation between Asia and the Middle East. The Hong Kong Monetary...
Golem Network Unveils Yagna v0.16.0 with New Deposit Features
Caroline Bishop Aug 22, 2024 13:00 Golem Network releases Yagna v0.16.0, introducing deposits and new ecosystem roles, indirect payments, and enhanced error handling. Golem Network has officially launched Yagna...
Speculator Bets led by DowJones & Nasdaq :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 20th and shows a quick view of how large traders...
China slams U.S. for adding firms to export control list, vows action
Tensions between the U.S. and China have escalated over the last few years.Teh Eng Koon | AFP | Getty ImagesChina's Ministry of Commerce said on Sunday it strongly opposed a U.S. decision to add multiple Chinese entities to its export control list over Russia-related...
Speculator Bets led by Wheat & Soybean Oil :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 20th and shows a quick view of how large...
AssemblyAI Unveils Streaming Speech-to-Text and Latest Tutorials
James Ding Aug 25, 2024 09:15 AssemblyAI introduces its Streaming Speech-to-Text feature with new tutorials and use cases in their latest update. AssemblyAI has announced its latest product feature, Streaming...
FX week in review: Broker results (Plus500, Trade Nation, MultiBank), ATFX adds MT5
How did the latest set of financial results pan out for Retail FX and CFDs brokers Plus500, Trade Nation, and MultiBank? Which broker set Revenue and Profit records? Which recorded a (surprise) loss? What did ATFX have to say about adding the MT5 trading platform for...
How is it different from National Pension Scheme, ET BFSI
NEW DELHI: The Cabinet on Saturday approved the Unified Pension Scheme (UPS) for 23 lakh central government employees. The UPS ensures that all central government employees receive 50 per cent of their last drawn salary from the past 12 months as pension who have...
Adept Unveils Advanced AI Agents with Multimodal Capabilities
Tony Kim Aug 25, 2024 08:31 Adept introduces AI agents powered by Adept Workflow Language (AWL) to streamline complex web interactions and enterprise automations. Adept has introduced a groundbreaking...
Gold leads Speculator Bets higher :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 20th and shows a quick view of how large traders...
HKMA Issues Warning on Phishing Instant Messages Related to HSBC
Alvin Lang Aug 22, 2024 15:06 The HKMA alerts the public to phishing instant messages linked to HSBC, urging caution and immediate action if personal information has been shared. The Hong Kong Monetary Authority...
Speculators sharply raise Euro, British Pound & Canadian Dollar bets :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 20th and shows a quick view of how large market...
Arkham Integrates Coinbase’s Layer 2 Chain Base
Rebeca Moen Aug 25, 2024 07:06 Arkham Intelligence has added support for Base, the Layer 2 chain developed by Coinbase, enhancing onchain activity monitoring. Arkham Intelligence has officially launched support...
Which banks offer the best fixed deposit rates? Check List, ET BFSI
Bank Fixed Deposit Rates: Which banks offer the best FD rates? Which are the top 5 bank fixed deposits? Bank Fixed deposits or FDs are a favored investment option for risk-averse investors. Financial experts suggest that the present high interest rate environment may...
Piyush Goyal meets Singaporean company DBS Group CEO, discusses investments, ET BFSI
New Delhi: Commerce Minister Piyush Goyal met CEO and Director of Singapore-based DBS Group Piyush Gupta. In a post on X on Sunday, after the meeting, Goyal said that they discussed the group's plans to "scale up investments in India," including increasing engagement...
Binance Futures to Introduce USDⓈ-Margined POPCAT and SUN Perpetual Contracts with 75x Leverage
Jessie A Ellis Aug 22, 2024 15:52 Binance Futures announces the launch of USDⓈ-margined POPCAT and SUN perpetual contracts with up to 75x leverage, aiming to expand trading options. Binance Futures has announced...
Yen, Gold, 5-Year, 10-Year & Cotton lead Bullish & Bearish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on August 20th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Speculator Bets led by Ultra Treasury Bonds & Ultra 10-Year Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 20th and shows a quick view of how large...
AI21 Labs Unveils Jamba 1.5 LLMs with Hybrid Architecture for Enhanced Reasoning
Jessie A Ellis Aug 23, 2024 01:33 AI21 Labs introduces Jamba 1.5, a new family of large language models leveraging hybrid architecture for superior reasoning and long context handling. AI21 Labs has introduced...
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF’s retreat from 0.9579 extended lower last week but recovered slightly ahead of 0.9448 support. Initial bias remains neutral this week first, and further rally is in favor. On the upside, sustained break of 55 D EMA (now at 0.9576) will pave the way back to...
Strategies for Hiring and Retaining Talent in Web3 Startups
Alvin Lang Aug 23, 2024 01:50 Experts from a16z crypto discuss effective strategies for hiring and retaining talent in web3 startups, ensuring workplace satisfaction and business scalability. Experts from a16z...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD gyrated lower last week despite weak downside momentum. On the downside, sustained trading below 55 D EMA (now at 1.6432) will argue that rise from 1.5996 has completed. Deeper fall would then be seen back to this support. Nevertheless, strong rebound from...
How Programmable Wallets Facilitate USDC Payments for Gateways
Zach Anderson Aug 23, 2024 02:07 Circle's Programmable Wallets streamline USDC payments for payment gateways, simplifying blockchain integration and enhancing transaction efficiency. Circle’s Programmable...
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP’s steep decline last week suggest that rebound from 0.8382 has completed 0.8624 already, after rejection by 0.8643 resistance. Initial bias stays on the downside this week for retesting 0.8382 low. Decisive break there will resume larger down trend. On the...
Exploring DeFi on Sui: A Comprehensive Guide
Rebeca Moen Aug 23, 2024 02:36 Discover the unique features and applications of Sui's DeFi ecosystem, including borrow and lending protocols, DEXes, and NFT marketplaces. Decentralized Finance (DeFi) on the Sui...
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY stayed in sideway trading below 163.86 last week and outlook is unchanged. Initial bias stays neutral this week first. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from...
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY stayed in sideway trading below 191.99 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, above 191.99 will target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from...
AMD Unveils LM Studio 0.3 AI Assistant with Enhanced Ryzen AI and Radeon GPU Integration
Jessie A Ellis Aug 23, 2024 03:06 AMD launches LM Studio 0.3, an offline AI assistant powered by Ryzen AI processors and Radeon GPUs, offering advanced features like easy-RAG. AMD has announced the release of LM...
AUD/USD Weekly Report – Action Forex
AUD/USD’s rally continued last week despite interim retreat. Initial bias is on the upside this week with focus on 0.6798 resistance. Firm break there will extend the rally from 0.6348 to 0.6870 resistance next. On the downside, below 0.6696 support turn bias to the...
Why banks need to innovate to bridge credit-deposit gap, BFSI News, ET BFSI
India's banking sector is witnessing one of its best times in terms of profitability and asset quality, but the lagging deposit growth has emerged as a pain point in the last year or so. With bank credit growth continuing to outpace deposit growth, banks will have to...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Aug 24, 2024 15:01 UTC | Updated: Aug 24, 2024 at 15:01 UTC By Clark In a crypto market dominated by the whimsical rise of meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), a new contender is quietly making waves with a...
Jane Handcock to Release NFT EP ‘A Few Sappy Songs’ on Gala Music
James Ding Aug 23, 2024 03:22 R&B Hip-hop artist Jane Handcock is set to release her new NFT EP 'A Few Sappy Songs' on Gala Music, featuring five exclusive tracks. Renowned R&B and Hip-hop artist Jane...
USD/CHF Weekly Outlook – Action Forex
USD/CHF’s extended decline last week suggests that rebound from 0.8431 has completed at 0.8747, after rejection by 38.2% retracement of 0.9223 to 0.8431 at 0.8734. Initial bias is on the downside this week for retesting 0.8431 support first. Firm break there will...
HDFC Bank rejects MUFG’s $2 billion cheque for NBFC arm, BFSI News, ET BFSI
The largest foreign direct investment (FDI) proposal in financial services in the country—involving the biggest banks in Japan and India by market capitalisation—is now dead.The board of HDFC Bank on Wednesday rejected a proposed $2 billion purchase of a 20% stake in...
FIL-B: New Catalyst for On-Chain Projects on Filecoin (FIL)
Rongchai Wang Aug 23, 2024 03:56 FIL-B introduces a public goods DX team to support builders on Filecoin (FIL), aiming to enhance the developer experience and community growth. FIL-B, a new public goods...
GBP/USD Weekly Outlook – Action Forex
GBP/USD’s rally accelerated higher last week and the break of 1.3141 resistance confirms larger up trend resumption. Initial bias remains on the upside this week for 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. On the downside, below 1.3075 minor support...
Crypto Scams Surge in 2024: ASIC Cracks Down on Fraudulent Schemes
Felix Pinkston Aug 23, 2024 04:30 The rise in crypto scams in 2024 underscores the need for vigilance in the Web3 space, according to the Australian Securities and Investments Commission (ASIC). The rise in...
Are banks open or closed this Saturday, August 24?, ET BFSI
Private and public sector banks in India are closed on the second and fourth Saturdays of every month, as well as on Sundays, national and regional holidays, according to the Reserve Bank of India (RBI). Additionally, banks will be open on the first, third, and fifth...
EUR/USD Weekly Outlook – Action Forex
EUR/USD’s rally continued last week and the strong break of 1.1138 resistance argues that larger up trend may be resuming. Initial bias is on the upside this week for t 161.8% projection of 1.0665 to 1.0947 from 1.0776 at 1.1232, and then 1.1274 high. On the downside,...
HDFC Bank, ICICI Bank, SBI among 12 ‘buy’ ideas from brokerages post Q1 results, ET BFSI
While the banking sector witnessed a moderation in the April-June quarter earnings at around 10% with most banks reporting contraction in their margins and credit cost going up, brokerages remain positive on this sector. ETMarkets brings 12 stocks with buy ratings and...
Dollar at Risk of Resuming Medium-Term Downtrend as Fed Confirms Rate Cuts Ahead
Fed Chair Jerome Powell’s highly anticipated speech at Jackson Hole didn’t disappoint market participants, as he clearly signaled that the time for easing monetary policy has arrived. This declaration provided a notable boost to US stock markets on Friday, with major...
Gala Games Announces Carl Hero Card Sale for The Walking Dead: Empires
Zach Anderson Aug 23, 2024 05:05 Gala Games introduces the Carl Hero Card sale for The Walking Dead: Empires. The sale begins on August 23, 2024, featuring tiered pricing and immediate in-game use. The...
USD/JPY Weekly Outlook – Action Forex
USD/JPY gyrated lower last week even though momentum is a bit unconvincing. Still, the development suggests that rebound from 141.67 has completed at 149.35, after rejection by 38.2% retracement of 161.94 to 141.67 at 149.41. Initial bias is on the downside this week...
ex-RBI deputy governor, ET BFSI
Former deputy governor of Reserve Bank of India (RBI) S S Mundra on Friday said that partnership between banks and fintech companies is a win-win proposition. Speaking at the foundation day lecture of private lender Bandhan Bank, Mundra said that data security and...
Erigon 3 Update Slashes BSC Sync Time from Weeks to 10 Hours
Timothy Morano Aug 23, 2024 05:29 Erigon 3, the latest BSC client, integrates Parlia consensus to cut sync time from weeks to 10 hours, enhancing performance and resource efficiency. Erigon 3, the latest...
USD/CAD Weekly Outlook – Action Forex
USD/CAD’s steep decline and strong break of 1.3588 support argues that while rise from 1.3176 has completed already. Fall from 1.3946 is seen as another falling leg inside medium term range pattern. Initial bias stays on the downside this week for 1.3477 support. Firm...
Which banks offer the best fixed deposit rates? Check List, ET BFSI
Bank Fixed Deposit Rates: Which banks offer the best FD rates? Which are the top 5 bank fixed deposits? Bank Fixed deposits or FDs are a favored investment option for risk-averse investors. Financial experts suggest that the present high interest rate environment may...
Central bank digital currency won’t serve any special purpose, says SS Mundra, ET BFSI
Former Reserve Bank of India deputy governor SS Mundra is not optimistic about the success of the central bank digital currency (CBDC), or the electronic form of rupee, despite the RBI’s efforts to popularise it.“If we talk about CBDC vis-a-vis UPI (united payments...
Ethereum Developers Discuss Pectra Upgrade and PeerDAS in Consensus Call #140
Iris Coleman Aug 23, 2024 05:59 Ethereum developers convened to discuss the Pectra upgrade, PeerDAS, and other key proposals in the All Core Developers Consensus Call #140. On August 22, 2024, Ethereum...
Binance Schedules Wallet Maintenance for Telegram Open Network (TON)
Terrill Dicki Aug 23, 2024 06:40 Binance has announced a scheduled wallet maintenance for Telegram Open Network (TON) on August 26, 2024, temporarily suspending deposits and withdrawals. Binance has announced a...
HSBC aims to duplicate its British wealth business, plans to reach among top five in UK banking, ET BFSI
HSBC’s head of wealth and personal banking, Jose Carvalho said that the bank is eyeing one of the top five positions in the United Kingdom supported by its global presence to attract customers in more than one market or who are from overseas. "International...
India to name new MPC members soon, dissenters from Shaktikanta Das’ rate policy team to leave before crucial meet, ET BFSI
India’s government will appoint new external members to the central bank’s monetary policy committee by October at the latest, people familiar with the matter said, shortly before a crucial meeting in which the MPC will face pressure to cut interest rates.The...
Biden speaks with Zelenskyy, announces new military aid for Ukraine
Ukraine's President Volodymyr Zelenskyy and U.S. President Joe Biden speak on the sidelines of the NATO's 75th anniversary summit in Washington, U.S. July 11, 2024.Yves Herman | ReutersU.S. President Joe Biden spoke to Ukrainian President Volodymyr Zelenskyy on Friday...
Centre moots NBFC under Sagarmala to tide over shipping woes, BFSI News, ET BFSI
The shipping ministry has proposed to launch a non-banking finance company (NBFC) under its Sagarmala initiative to meet the financing needs of the shipping and shipyard sectors, two senior officials familiar with the matter said.The finance ministry is currently...
With Fed rate cut set, Powell’s Jackson Hole talk could turn to the future, ET BFSI
Wyoming, - U.S. economic data is giving the Federal Reserve the green light to cut interest rates, financial markets are aligned for the first move, and the central bank all but gave the game away on Wednesday when a readout of its July meeting showed a "vast...
Sui Implements Shared Custody Model for Enhanced Decentralized Finance
Rebeca Moen Aug 24, 2024 03:26 Sui introduces a shared custody model in its object-centric data framework, enhancing security and efficiency for DeFi applications. Sui, a blockchain known for its object-centric...
Weekly Economic & Financial Commentary: The Time Has Come for Policy to Adjust
Summary United States: Homes Out of Range Chair Powell delivered a distinctively dovish speech this week at Jackson Hole. Elsewhere, a slew of housing data revealed that, although green shoots are sprouting, affordability issues continue to constrain the housing...
Jerome Powell says ‘time has come’ for Fed to cut interest rates, ET BFSI
Chairman Jerome Powell said the time has come for the Federal Reserve to cut its key policy rate, affirming expectations that officials will begin lowering borrowing costs next month and making clear his intention to prevent further cooling in the labor market.“The...
Are banks open or closed today?, BFSI News, ET BFSI
Private and public sector banks in India are closed on the second and fourth Saturdays of every month, as well as on Sundays, national and regional holidays, according to the Reserve Bank of India (RBI). Additionally, banks will be open on the first, third, and fifth...
The Weekly Bottom Line: Fed Chair Powell Endorses September Rate Cut
U.S. Highlights Minutes from the July 30-31 FOMC meeting as well as Chair Powell’s speech at Jackson Hole showed a clear commitment that the FOMC will start cutting rates in September. The Fed is likely to start slow, cutting by 25 basis points next month. But any...
OFAC Sanctions Russian UAV Developer KB Vostok Amid Ukraine Conflict
Luisa Crawford Aug 24, 2024 04:07 OFAC imposes sanctions on Russian drone developer KB Vostok, linked to Ukraine invasion, disrupting Russia’s military supply chain. The United States Department of the...
ECB policymakers’ views converging on Sept rate cut, sources say, ET BFSI
A growing number of European Central Bank policymakers are lining up behind another interest rate cut in September and only major data surprises in the coming weeks could delay the move, on and off record conversations with seven sources indicate.Financial markets...
Top Best Ethereum DEX Tokens to Buy in 2024 as Aave Rallies 40%
Ethereum-based decentralized exchanges (DEXs) are gaining traction and offering innovative solutions for trading digital assets. With Aave recently rallying by 40%, the spotlight is on other promising DEX tokens that could grow substantially in 2024. This article...
Why Sebi banned Anil Ambani from the securities market for 5 years?, ET BFSI
The Securities and Exchange Board of India (Sebi) has barred Anil Ambani, the former chairman of Reliance Home Finance (RHFL), and 24 other entities from the securities market for five years. This decision follows allegations of fund diversion from RHFL, where Ambani...
Rupee strengthens marginally, closes at 83.93 vs US dollar, BFSI News, ET BFSI
The Indian rupee strengthened marginally versus the US dollar on Friday and closed at 83.89/$1, due to mild corporate inflows into the domestic market.The local currency was stronger by 6 paisa, ending at 83.89 versus the US dollar, as against its previous close of...
Markets Weekly Outlook – Powell Delivers with Nvidia Earnings, PCE Data Next
Fed Chair Powell signals policy adjustments are needed, emphasizing concerns about labor market weakness. The impact of Powell’s remarks on the FX space saw GBP/USD and EUR/USD reach new highs. Markets are pricing in a 34.5% chance of a 50 bps cut and 65.5% of a 25...
Rate-setting panel must act proactively to stimulate private investments: Jayanth Varma, ET BFSI
India's Monetary Policy Committee (MPC) must proactively act to stimulate private investment by lowering interest rates, Jayanth Varma, an external member of the rate-setting panel, said to Bhaskar Dutta.Varma, who recently said that "hope" cannot be a strategy to...
Bitcoin storms into the weekend
Bitcoin has been lagging in the recovery from the broad market rout in the start of August, in part because of worries about the sale of Mt. Gox bitcoin. But it's making up for lost time today, rallying nearly 5% and trading at a session high.The daily chart has a...
Meta says WhatsApp accounts tied to Iran hackers targeted Biden, Trump
Meta said Friday that it blocked a "small cluster" of WhatsApp accounts linked to an Iranian hacking group that was targeting officials associated with President Joe Biden and former President Donald Trump.The company said in a blog post that the bogus WhatsApp...
Summary 8/26 – 8/30
Monday, Aug 26, 2024 Tuesday, Aug 27, 2024 Wednesday, Aug 28, 2024 Thursday, Aug 29, 2024 Friday, Aug 30, 2024 The post Summary 8/26 – 8/30 appeared first on Action Forex.
BitFuFu Scales Up Operations Despite Escalating Bitcoin (BTC) Mining Costs
Zach Anderson Aug 24, 2024 04:50 Singapore-based BitFuFu intensifies Bitcoin (BTC) mining efforts despite rising operational costs, reflecting bullish industry outlook. Some of the largest Bitcoin mining...
Tether (USDT) Assists U.S. DOJ in Seizing $5 Million from Fraud Scheme
Peter Zhang Aug 24, 2024 05:28 Tether aids the U.S. Department of Justice in seizing $5 million in USDT from a fraudulent scheme, reinforcing its commitment to combating illicit activities. Tether, the largest...
Religare confirms ED raids on its senior officials, BFSI News, ET BFSI
Financial servicec provider Religare on Friday confirmed that the Enforcement Directorate (ED) had raided the residences of its top officials, including Dr. Rashmi Saluja, Executive Chairperson, Mr. Nitin Agarwal, Group CFO, Mr. Nishant Singhal, Group General Counsel...
RBI announces SGB premature redemption dates for October 2024- March 2025, check details, ET BFSI
The Reserve Bank of India (RBI) has issued a press release outlining the details of the SGB tranches scheduled for premature redemption during October 2024 – March 2025, as well as a window for submitting requests for premature redemption. Note that premature...
No ‘hard approach’ with taxpayers in initial stage, Finance Minister advises officials, ET BFSI
Finance minister Nirmala Sitharaman Friday asked tax officials not to opt for a "hard approach" at an early stage with taxpayers and instead communicate and explain tax liabilities to them.She told the officials to prioritise solving problems at the stage where they...
Banks won’t send pre-debit notifications for these two types of recurring payment e-mandates, ET BFSI
The Reserve Bank of India (RBI) has announced that there will not be any pre-debit notification on auto-replenishment of FASTag and NCMC, as and when the balance falls below the preset limit.In its monetary policy meeting held in June 2024, the RBI announced the...
Edgar Bronfman’s Paramount bid could keep Shari Redstone involved
Edgar Bronfman, Jr.Cameron Costa | CNBCEdgar Bronfman Jr.'s offer for a controlling stake in Paramount Global could keep Shari Redstone close to the company, if his bid is successful.Bronfman is open to having Redstone, currently non-executive chairman at Paramount,...
BitMEX Lists SUNDOGUSDT Perpetual Swap with 50x Leverage
James Ding Aug 23, 2024 08:20 BitMEX has launched the SUNDOGUSDT perpetual swap, offering traders up to 50x leverage on the new listing. BitMEX, a leading cryptocurrency trading platform, has announced the...
USDCAD Still Fights With 1.3600
USDCAD repeatedly tests the 200-day SMA Momentum oscillators are mixed USDCAD has been battling with the 1.3600 round number and the 200-day simple moving average (SMA) over the last couple of days. A successful break beneath these critical levels could open the way...
Banks, financial stocks suffer Rs 15,000 crore shock from FIIs. Should you go against the wind?, ET BFSI
Amid worries related to the timing of Fed rate cuts, foreign institutional investors (FIIs) pulled out Rs 14,790 crore from financial stocks in the first fortnight of August and chose to raise exposure to defensives like healthcare, FMCG and consumer services.As...
Workday stock gains as software provider widens 2027 margin target
Carl Eschenbach, Co-CEO Workday, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBCWorkday shares soared as much as 14% on Friday, one day after the finance and human resources software...
Canada’s retail sales falls -0.3% mom in Jun, to bounce back 0.6% mom in Jul
Canada’s retail sales value fell -0.3% mom to CAD 65.7B in June, matched expectations. Sales were down in four of nine subsectors and were led by decreases at motor vehicle and parts dealers. In volume terms, retail sales increased 0.1% mom. Excluding gasoline...
Binance Schedules Wallet Maintenance for The Open Network (TON)
Zach Anderson Aug 23, 2024 08:46 Binance announces wallet maintenance for The Open Network (TON) on August 26, 2024. Deposits and withdrawals will be suspended during the maintenance. Binance has announced an...
Scrutiny on top-up loans ensure money used for productive purposes: Lenders, ET BFSI
The Reserve Bank of India (RBI) Governor Shaktikanta Das has recently asked the banks and NBFCs to be well-advised to review top-up housing loans and gold loans. He said the entities to be aware of the practices and also take remedial action.The Governor observed that...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.1085; (P) 1.1125; (R1) 1.1152; More…. EUR/USD is staying in consolidation below 1.1173 and intraday bias remains neutral for the moment. Further rally is expected as long as 1.1046 resistance turned support holds. Above 1.1173 will target 161.8%...
Australian regulator increases ANZ’s capital add-on to $750M
The Australian Prudential Regulation Authority (APRA) has increased the capital add-on applied to Australia and New Zealand Banking Group (ANZ) to $750 million in response to heightened concerns about the bank’s non-financial risk management practices. APRA has held...
Leveraging the “zero tolerance” approach from the aerospace industry to fortify financial institutionsin India, ET BFSI
(Credits - Producer: Nilanjana Mookherjee & Vishal Oza; Video Editor: Jasmeet Rayat)India has emerged as the one of the fastest growing economies in the world, propelled by a competitive business environment and technology-led innovation. The country’s financial...
Web3 Gaming Revolution: Insights from Immutable (IMX) Ambassadors
Caroline Bishop Aug 23, 2024 09:43 Discover the transformation of gaming through Web3 as Immutable (IMX) Ambassadors share their journeys and insights, highlighting the benefits of true asset ownership. The...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.3069; (P) 1.3100; (R1) 1.3122; More… Intraday bias in GBP/USD is turned neutral first with 4H MACD crossed below signal line. On the upside, decisive break of 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124 and 1.3141 resistance will...
U.S. will offer free at-home kits starting late September
Images By Tang Ming Tung | DigitalVision | Getty ImagesThe Biden administration on Friday said it will resume offering free at-home Covid-19 tests to American households in late September as the virus has gained a stronger foothold in the U.S. this summer.Americans...
Saxo Bank updates OpenAPI, enhances Charts service group
Multi-asset investment specialist Saxo Bank has updated its OpenAPI, with the latest release enhancing the Charts service group. Saxo has released a new version of its charting endpoint that has been improved in several ways. The new horizon sampling starts at...
SFC and Exchange Announce Changes to Specialist Tech Companies and de-SPAC Transactions Requirements
Caroline Bishop Aug 23, 2024 11:27 The SFC and Exchange have jointly announced modifications to the requirements for specialist technology companies and de-SPAC transactions. The Securities and Futures...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8496; (P) 0.8515; (R1) 0.8541; More….. Intraday bias in USD/CHF Is turned neutral first with current recovery. While stronger rise cannot be ruled out, risk will stay on the downside as long as 0.8747 resistance holds. Below 0.8488 will target...
India’s ‘sweet spot’ lures bond funds amid global market turmoil, ET BFSI
Global funds have poured money into India’s debt market for 14 weeks in a second streak of buying this year, evidence of the country’s appeal amid the ructions of worldwide financial markets.With the prospect of interest rate cuts on the horizon and the rupee treading...
India’s Forex reserves increase by $4.54 billion to $674.66 billion as of August 16, ET BFSI
India's Forex reserves increased by $4.54 billion to $674.66 billion as of August 16, as per data released by the Reserve Bank of India on Friday. Preciously, the reserves had dipped by $4.8 billion to $670.12 billion for the week ending August 9. According to the...
Switzerland Pioneers Open Source Software and Digital Sovereignty Initiatives
Iris Coleman Aug 23, 2024 14:32 Switzerland mandates government-developed software to be open source, joining Germany and France in enhancing digital sovereignty and security. European nations like Switzerland,...
Sunset Market Commentary – Action Forex
Markets At a hearing before Parliament this morning, BoJ governor Ueda had a balanced but after all clear message. The BoJ has started policy normalization and intends to further walk that path if inflation and growth continue to develop in line with the banks’...
The Bank of Japan is set to raise rates further. The Fed gov will speak at the annual symposium in Jackson Hole today :: InvestMacro
By JustMarkets On Thursday, stocks in the US ended the session down. The Dow Jones Index (US30) was down 0.43%, while the S&P 500 Index (US500) fell by 0.88%. The NASDAQ Technology Index (US100) closed negative at 1.67% yesterday. The rise in bond yields on...
ED conducts searches on premises of Religare’s Rashmi Saluja, other officials, ET BFSI
Mumbai: The Enforcement Directorate (ED) conducted searches earlier this week at multiple premises linked to the senior officials at Religare Enterprises (REL), including its chairperson Rashmi Saluja, and seized several documents, official sources told ET. Among the...
Week Ahead – PCE Inflation Eyed as Fed Lays Groundwork for September Cut
Focus to stay on the Fed as PCE inflation to be week’s main highlight Eurozone inflation data to be crucial for ECB rate cut hopes Australian and Tokyo CPI, plus Canadian GDP also on the agenda Will PCE inflation disappoint dovish expectations? The Fed’s...
Wyoming is pushing crypto payments, trying to beat the Fed to a digital dollar
Long gone are the days when venture capital was flowing into fintech startups with bold ideas — and little to show in terms of business metrics and fundamentals.Bloomberg | Getty ImagesAs crypto investing becomes more mainstream and institutionalized with bitcoin...
India should retain headline inflation as target, external rate panel members say, ET BFSI
By Swati BhatMUMBAI - Headline inflation impacts Indians directly and should be retained as the target for monetary policy rather than switching to core inflation, external members of the central bank's rate panel told Reuters.A suggestion was made in the government's...
NVIDIA to Showcase Data Center Innovations at Hot Chips 2024
Ted Hisokawa Aug 23, 2024 14:53 NVIDIA engineers to unveil advancements in the Blackwell platform, liquid cooling, and AI-driven chip design at Hot Chips 2024. At the upcoming Hot Chips 2024 conference, NVIDIA...
Hantec Markets hires INFINOX alum Alberto Barba Arévalo to head LATAM BizDev
London and Dubai based Retail FX and CFDs broker Hantec Markets has announced that the company has hired Alberto Barba Arévalo, as Head of Business Development – LATAM. Based out of Portugal, Alberto spent the past four years working for INFINOX, as Regional Manager....
DOJ sues RealPage over alleged landlord rent price collusion software
U.S. Attorney General Merrick Garland speaks to reporters during a brief news conference at the Justice Department in Washington, U.S., May 4, 2023. Kevin Lamarque | ReutersThe Department of Justice and eight states on Friday accused software company RealPage of...
SBI able to support loan growth, lower deposit growth not a challenge: Dinesh Khara, ET BFSI
Amid concerns over the continuing gap between deposit and loan growth, SBI Chairman Dinesh Khara on Friday said it is not posing any challenges for the country's largest lender as it is able to support the uptick in advances. The bank is unwinding a part of its excess...
Microsoft plans September cybersecurity event after CrowdStrike outage
A Delta technician works on a set of screens displaying a blue page and reading "Recovery" in Terminal 2, Delta Airlines, at Los Angeles airport, on July 19, 2024. Airlines, banks, TV channels and other businesses were disrupted worldwide on Friday following a major...
Canadian Q2 GDP Report to Reveal More Softness in the Economy
Canada’s GDP report next week is expected to show further weakening in the Canadian economy. We expect a 1.4% (annualized rate) increase in GDP in Q2 – below Statistics Canada’s 2% preliminary estimate a month ago, and marking the 7th of the last 8 quarters of...
Identity theft of America’s youngest generation is on the rise
Most parents would take herculean steps to protect their children. But many overlook a relatively simple way to help shore up a child's financial security: freezing the minor's credit. This could be especially important in the wake of a major breach in which the...
Weak US Dollar and RBA’s Steady Stance Support Strength :: InvestMacro
By RoboForex Analytical Department AUD/USD is finding its footing, currently stabilising at around 0.6725, as the US dollar weakens further in anticipation of Fed Chair Jerome Powell’s speech at the Jackson Hole symposium.The Australian dollar’s resilience is...
Goldman Sachs cuts India’s 2024 and 2025 GDP growth forecasts, ET BFSI
Goldman Sachs Group Inc. has lowered India’s growth forecast by 20 basis points each for this year and the next, citing a contraction in central government expenditure. The bank now expects the nation’s economy to expand at 6.7% in calendar 2024, and 6.4% in 2025. The...
Weekly Focus – More Soft Manufacturing Signals
Markets remained calm this week with risk sentiment improving further. Stock markets continued to trade higher taking S&P500 back to the recent highs reached in mid-July and cyclical metal prices increased as well. Bond yields drifted moderately lower in the US...
RBI cancels registration of UP-based Margdarshak Financial Services over payment defaults, ET BFSI
Mumbai, The Reserve Bank of India (RBI) has cancelled the registration of Lucknow-headquartered Margdarshak Financial Services Ltd over high net NPAs and defaults on repayment to lenders. As on March 31, 2021, the company failed to maintain the minimum regulatory net...
Hong Kong Monetary Authority Warns of Fraudulent Website and Phishing Emails Linked to Public Bank (Hong Kong) Limited
Rebeca Moen Aug 23, 2024 13:05 The HKMA alerts the public to a fraudulent website and phishing emails targeting Public Bank (Hong Kong) Limited's customers. The Hong Kong Monetary Authority (HKMA) has issued a...
Fed’s Powell hints at rate cuts: ‘Time has come’ as labor market concerns grow
In his highly anticipated Jackson Hole speech, Fed Chair Jerome Powell made it clear that “the time has come” for a shift towards monetary easing. Although he did not specify the exact timing or pace of rate cuts, Powell highlighted the increasing need to support the...
Exclusive: Zara FX hires Scope Markets exec Christiana Lazaridou to head BizDev
FNG Exclusive… FNG has learned that MENA focused offshore Retail FX and CFDs broker Zara FX has continued its recent hiring spree, adding experienced Cyprus-based executive Christiana Lazaridou as the company’s new Chief Business Development Officer. Christiana...
FM Sitharaman urges SIDBI, Rural Regional Banks to ensure credit to MSMEs, ET BFSI
New Delhi [India], August 23 (ANI): Union Finance Minister Nirmala Sitharaman reiterated the Government's commitment to expand banking services for the benefit of small entrepreneurs.She emphasized this during an interaction with MSME (Micro, Small, and Medium...
How Google makes custom cloud chips that power Apple AI and Gemini
Inside a sprawling lab at Google headquarters in Mountain View, California, hundreds of server racks hum across several aisles, performing tasks far less ubiquitous than running the world's dominant search engine or executing workloads for Google Cloud's millions of...
Delta chief operations officer departing for another company
Delta Air Lines planes sit parked at Hartsfield-Jackson Atlanta International Airport in Atlanta on June 28, 2024.Andrew Harnik | Getty ImagesDelta Air Lines' chief operating officer is leaving at the end of the month, the company said in a securities filing on...
Top Free Speech-to-Text APIs and Open Source Engines: A Comprehensive Comparison
Jessie A Ellis Aug 23, 2024 14:04 Explore the best free Speech-to-Text APIs, AI models, and open-source engines, comparing their features, accuracy, and pricing. Choosing the best Speech-to-Text API, AI model,...
FM Sitharaman opens new GST Bhawan in Udaipur, to serve 13 districts, ET BFSI
Jaipur, Union Finance Minister Nirmala Sitharaman on Friday inaugurated the new GST Bhavan in Udaipur located in the Hiran Magri area of the city. The Finance Minister performed an Aarti amid Vedic chanting before unveiling the plaque to throw open the GST Bhawan."The...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 144.19; (P) 145.55; (R1) 146.63; More… Outlook in USD/JPY is unchanged and intraday bias remains neutral. On the downside, break of 144.44 temporary low will reaffirm the case that rebound form 141.67 has completed, and bring retest of this low. On...
Key Tests Confirming Human-Level Artificial General Intelligence (AGI)
Felix Pinkston Aug 23, 2024 13:42 Explore the critical tests proposed to confirm the achievement of human-level Artificial General Intelligence (AGI), as detailed by SingularityNET (AGIX). According to...
How Chinese EV automakers are winning in Mexico
Blocked from the U.S. by tariffs, Chinese electric vehicle makers have looked elsewhere to sell their high-tech cars. But as Mexico has emerged as a hot spot for Chinese EVs, Washington officials worry the country may be used as a "backdoor" to the U.S. market. Last...
Quantum information theorists are shedding light on entanglement, one of the spooky mysteries of quantum mechanics :: InvestMacro
By William Mark Stuckey, Elizabethtown College The year 2025 marks the 100th anniversary of the birth of quantum mechanics. In the century since the field’s inception, scientists and engineers have used quantum mechanics to create technologies such as lasers, MRI...
Repco Bank gives ₹19.08 cr towards dividend to Union minister Amit Shah, ET BFSI
Repco Bank officials hand over a cheque for ₹19.08 crore towards dividend to Union Home Minister Amit Shah in New Delhi on Friday.Repco Bank handed over a cheque for ₹19.08 crore towards dividend to Union Home Minister and Minister of Cooperation Amit Shah in New...
Gold (XAU/USD) Retests $2500/oz Ahead of Powell’s Jackson Hole Remarks
Gold prices retest $2500/oz ahead of Fed Chair Powell’s Jackson Hole speech. Gold’s rebound in the European session and technical analysis suggest bullish momentum. September rate cuts likely already priced in. What impact will Powell’s remarks have? Gold prices are...
RFK Jr. to drop out, endorse Trump over Harris
Independent presidential candidate Robert F. Kennedy Jr., looks on during a campaign event to announce his pick for running mate at the Henry J. Kaiser Event Center on March 26, 2024 in Oakland, California. Justin Sullivan | Getty ImagesRobert F. Kennedy Jr. plans to...
Favourable US inflation and likely rate cut in September to impact policy rates in India: S&P, ET BFSI
The easing inflation and weakening job market trends in the US, as revealed in the recent figures will push the Federal Reserve to cut interest rates which will lead to lower rates in developing countries like India, indicates S&P Global on Friday.The year-on-year...
Court demands clarity in Robinhood short squeeze lawsuit
Chief Judge Cecilia M. Altonaga of the Florida Southern District Court was forced to demand clarity in a lawsuit brought by hundreds of traders against Robinhood over the January 2021 short squeeze. Technically, the lawsuit was terminated in May 2024, as a settlement...
HKMA Warns Public About Fraudulent Websites and Phishing Messages Related to Mox Bank
James Ding Aug 23, 2024 12:31 The Hong Kong Monetary Authority alerts the public about fraudulent websites and phishing messages related to Mox Bank Limited. The Hong Kong Monetary Authority (HKMA) has issued a...
Calm Before the Speech: Markets Steady Ahead of Powell
Trading in the forex markets remains muted as investors hold their positions ahead of Fed Chair Jerome Powell’s highly anticipated speech at Jackson Hole. Market participants are keenly focused on any signals regarding the Fed’s plans for monetary policy easing,...
Why Ford believes its $1.9 billion EV shift will benefit the automaker
A banner advertises the Ford Mustang Mach-E electric vehicle at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty ImagesDETROIT – Ford Motor's profit engine for decades has been large trucks and SUVs in the U.S. So it might surprise...
Rupee weakens to 83.95 against US dollar on local demand, rising dollar index, ET BFSI
The Indian rupee weakened moderately on Thursday and ended at 83.952 versus the US dollar due to dollar demand from local banks and corporates. A moderate rise in the dollar index also added to the weakness in the rupee.The local currency ended weaker by 3 paisa,...
Kamala Harris, Gretchen Whitmer, Adam Kinzinger
Vice President Kamala Harris is set to deliver her highly-anticipated keynote speech on Thursday to cap the final night of the Democratic National Convention.Night four features a slate of Democratic lawmakers, governors and performers to rev up the crowd ahead of...
Yen Edges Higher on BoJ’s Ueda Hawkish Remarks
The Japanese yen is in positive territory on Friday. In the European session, USD/JPY is trading at 146.06, down 0.14% on the day. The yen has looked sharp this week, gaining 1% against the struggling US dollar. Japan’s Core CPI rises to 2.7% Japan’s core CPI rose...
Classic car sales stall in Monterey as new generation takes charge
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Auction sales during Monterey Car Week fell 3% from...
Nvidia earnings showdown could set market tone :: InvestMacro
Nvidia shares ↑150% year-to-dateData center business and Q3 guidance in focusShares could move 10.4% ↑ or ↓ post earningsPrices edging higher on H1 but RSI near oversoldTechnical levels – $130, $119, 200 SMA and $110 Financial markets may end August with a bang thanks...
Sebi bans Anil Ambani, 24 other entities from securities market for 5 years, ET BFSI
Markets regulator Sebi has barred industrialist Anil Ambani, 24 other entities, including former key officials of Reliance Home Finance from the securities market for five years for diversion of funds from the company. Sebi has imposed a penalty of Rs 25 crore on...
HKMA Issues Alert on Fraudulent Websites and Phishing Messages Related to ICBC (Asia)
Felix Pinkston Aug 23, 2024 11:55 The Hong Kong Monetary Authority (HKMA) has issued an alert regarding fraudulent websites and phishing messages linked to Industrial and Commercial Bank of China (Asia) Limited. ...
Gold Outlook: Near Term Tone Firmed Ahead of Key Event – Powell’s Speech in Jackson Hole
Gold regained traction and bounced on Friday, reversing so far around a half on Thursday’s 1.1% drop, which broke and closed below psychological $2500 level. Top of the former range at $2480 zone performed as solid support and contained dip, which also closed above...
Crypto companies are pouring money into 2024 election: Public Citizen
U.S. Vice President and Democratic presidential candidate Kamala Harris speaks at a campaign rally in Milwaukee, Wisconsin, U.S. August 20, 2024. Marco Bello | ReutersAs the 2024 U.S. elections reach their home stretch, crypto companies are opening their wallets to...
Societe Generale International changes LME membership category
The London Metal Exchange (LME) has notified the market that, with effect from 27 August 2024 and pursuant to Regulation 6.1 of Part 2 of the Rules and Regulations of the LME, Societe Generale International Limited (SNC) will cease to be a Category 1 Member of the LME...
Tata Power Solar Systems, ICICI Bank tie up to finance solar units, ET BFSI
New Delhi, Tata Power Solar Systems Ltd (TPSSL) has signed an agreement with ICICI Bank to provide financing for solar units to residential and corporate customers. As part of the agreement, the customers can avail themselves of loans up to Rs 90 lakh with...
GBPUSD: Bullish Extension or Deeper Correction? Key Liquidity Zones
Bearish Corrective Scenario: Sell positions below 1.3130 with TP1 at 1.3103. Consider TP2: 1.3090, TP3: 1.3076, and TP4: 1.3057 only after a decisive break. Use a stop-loss (S.L.) above 1.3160 or at least 1% of account equity for intraday trades. Bullish Scenario: Buy...
Hit It & Quit It with Elaine Pofeldt, Maggie Lord, and Valdez Lasartemay » Succeed As Your Own Boss
In this episode, Melinda Emerson introduces guests Elaine Pofeldt, Maggie Lord and Valdez Lasartemay. The guests share their favorite podcasts, business tools, marketing tips, book recommendations providing practical advice for small business owners. Elaine Pofeldt is...
BNB Chain to Sponsor ETHTokyo Hackathon with Exciting Challenges
Lawrence Jengar Aug 23, 2024 11:10 BNB Chain joins ETHTokyo as a gold sponsor, offering two challenges with $2,500 prizes for innovative Web3 solutions. BNB Chain has announced its participation in ETHTokyo as a...
Trump DJT stock could be sold within weeks
A smartphone displays the logo of Donald Trump's Truth Social app on March 25, 2024.Anna Barclay | Getty ImagesFormer President Donald Trump will soon be free to start unloading his multibillion-dollar stake in his fledgling social media startup, Trump Media.But the...
HKMA and HKAB Establish Joint Taskforce to Bolster SME Lending
Ted Hisokawa Aug 23, 2024 10:50 The Hong Kong Monetary Authority (HKMA) and The Hong Kong Association of Banks (HKAB) have formed a joint taskforce to enhance SME lending support. The Hong Kong Monetary...
Match-Prime enhances its Crypto CFDs liquidity offering
CySEC-regulated liquidity provider Match-Prime has announced the launch of its enhanced crypto CFD liquidity offering, tailored specifically for forex brokers. The new offer introduces some of the most competitive trading conditions in the market, reflecting...
AUD/USD Sees Rebound: Weak US Dollar and RBA’s Steady Stance Support Strength
AUD/USD is finding its footing, currently stabilising at around 0.6725, as the US dollar weakens further in anticipation of Fed Chair Jerome Powell’s speech at the Jackson Hole symposium. Investors are watching closely for cues on future policy shifts, influencing...
Insurance and mutual funds to be soon available on ONDC, BFSI News, ET BFSI
The Open Network for Digital Commerce (ONDC), the aggregator platform that runs on open-source technology, is set to launch insurance and mutual fund products in the next two months and will partner MasterCard for credit cards. ONDC also launched six-minute digital...
Fed policymakers flag rate cuts as job market cools, BFSI News, ET BFSI
Federal Reserve policymakers on Thursday lined up in support of U.S. interest-rate cuts starting next month now that inflation is well down from its highs and the U.S. labor market is cooling, though one signaled he is in no rush to ease policy."For me, barring any...
Go First bankers hire Burford Capital for litigation against Pratt & Whitney, ET BFSI
New Delhi: Lenders to bankrupt airline Go First have appointed Burford Capital, a US-based litigation finance firm, to bankroll the arbitration case against engine maker Pratt & Whitney (P&W).People aware of the development said the creditors committee has...
Market Analysis: GBP/USD Surges, USD/CAD Drops To Support
GBP/USD started a fresh increase above the 1.2920 zone. USD/CAD declined and now consolidates below the 1.3640 level. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound is eyeing more gains above the 1.3130 resistance. There is a connecting...
Banana apocalypse, part 2 – a genomicist explains the tricky genetics of the fungus devastating bananas worldwide :: InvestMacro
By Li-Jun Ma, UMass Amherst Did you know that the bananas you eat today are not the same type as the ones people were eating a few generations ago? The banana you might have had with your breakfast today is a variety called the Cavendish banana, while the one that was...
Trump ‘suffocated the soul; of the GOP
Former Republican Rep. Adam Kinzinger in his Democratic National Convention speech that "Donald Trump has suffocated the soul of the Republican Party," endorsing Democrat Kamala Harris for president."His fundamental weakness has coursed through my party like an...
Market is pricing in too many Fed rate cuts, says El-Erian, BFSI News, ET BFSI
Traders are overplaying the prospects of an aggressive series of Federal Reserve interest-rate cuts before the end of the year, according to Mohamed El-Erian. "It is problematic in my mind that the market is pricing in so many rate cuts right now," El-Erian, the...
Piramal Finance enters into co-lending partnership with Central Bank of India, ET BFSI
Piramal Capital and Housing Finance Limited and Central Bank of India have announced on Friday a strategic partnership to expand their co-lending business.The collaboration will provide loans to middle and low-income borrowers, focusing on middle and low-income...
An Ultimate List Of Bitcoin Forks
Bitcoin forks are one of the prominent aspects in the cryptocurrency and blockchain landscape. Public blockchain networks such as Ethereum and Bitcoin operate on the foundation of decentralization which focuses on achieving agreement between all the network...
Ethereum’s Rollup-Centric Roadmap: Challenges and Solutions
Peter Zhang Aug 23, 2024 10:09 Explore the challenges and solutions of Ethereum's rollup-centric roadmap, including shared sequencing layers and based rollups. Ethereum's rollup-centric roadmap has led to...
Analysis of GBP/USD: The Pair Approaches 2023 High
Yesterday, the Purchasing Managers’ Index (PMI) data for both the UK and the US were released. According to ForexFactory, the UK figures were as follows: → Flash Manufacturing PMI: actual = 52.5, forecast = 52.1; previous = 52.1; → Flash Services PMI: actual = 53.3,...
Finance Ministry, BFSI News, ET BFSI
India's economic momentum remains "intact" on the back of expansion in manufacturing and services sectors, the finance ministry said in its monthly economic report, while exuding hope of food inflation cooling down with monsoons replenishing water levels in...
Food inflation pressures showing little signs of abatement, warns RBI, ET BFSI
The Reserve Bank of India (RBI) released the minutes of the Monetary Policy Committee (MPC) meeting on Friday, highlighting that the headline inflation has seen upward movement in June to 5.1 per cent, as food inflation pressures increased and offset the impact of...
Interactive Brokers adds new Option Exercise Column in TWS
Electronic trading major Interactive Brokers has released Build 10.31 (beta) of its TWS platform. The broker has added an Option Exercise Column named “In The Money”. This will display the current in-the-money value for an option contract. To add the Option Exercise...
Yes Bank offers for Agriculture and Food Businesses, ET BFSI
Leveraging on a firm national footprint with around 350 operational branches crosswise India, Yes Bank takes a step ahead to provide comprehensive financial solutions for MSMEs involved in the Agri and Food business. Different loan & finance plans offered under...
Kamala Harris accepts Democratic nomination for president
Vice President Kamala Harris on Thursday officially accepted the Democratic presidential nomination, vowing to unite the country and bring a practical perspective to the presidency if she is elected in November."I know there are people of various political...
US 100 Index Sits at Key Level
US 100 index exhibits bearish tendencies but stabilizes near 50-SMA Technical risk is two-sided as Powell prepares for his Jackson hole speech( 14:00 GMT) Bulls hope for a close above 19,880; bears need a drop below 19,350 The US 100 stock index came under pressure on...
Binance Futures Introduces VIDT Perpetual Contract with 75x Leverage
Rongchai Wang Aug 23, 2024 09:10 Binance Futures will launch the VIDTUSDT Perpetual Contract on August 23, 2024, offering up to 75x leverage to expand trading choices. Binance, the leading cryptocurrency...
RBI updates e-mandate rules to allow automatic top-ups for FASTag and NCMC accounts, ET BFSI
The Reserve Bank of India (RBI) has updated its e-mandate regulations to allow automatic top-ups for FASTag and National Common Mobility Card (NCMC) accounts. This change enables auto-replenishment as soon as the account balance drops below a customer-set threshold,...
Rupee’s record lows mask currency’s trade-weighted overvaluation, ET BFSI
The rupee is hovering near 84 to a dollar, and is down 0.9% so far this year, but on a REER basis, it’s up 3.6% in seven months to July.A gauge showing the Indian rupee’s value against its key trading partners rose to the highest in more than six years in July, even...
Former director of Growth Plus Financial found guilty of fraud
On Friday 23 August 2024, Ben Jayaweera, a former financial advisor and director of Growth Plus Financial Group Pty Ltd (in Liquidation) was found guilty of 28 counts of fraud pursuant to section 408C(1)(e) Criminal Code Act 1899 (Qld). The offending took place...
What are ONDC’s financial services expansion plans?, BFSI News, ET BFSI
The Open Network for Digital Commerce (ONDC), a government-backed initiative to enhance e-commerce penetration in India, is expanding its financial services venture. After successfully launching its digital lending platform, ONDC is now gearing up to offer sachetised...
GBPJPY’s Recovery Stalls at 200-day SMA
GBPJPY attempts to recover from recent 8-month low But the rebound falters after testing 200-day SMA RSI and MACD remain tilted to the bearish side GBPJPY experienced a vast selloff in July, dropping from a 16-year peak of 208.10 to as low as 180.07 on August 5, which...
Harris says Trump ‘wants to be an autocrat’ in acceptance speech
Vice President Kamala Harris said Republican presidential nominee Donald Trump "wants to be an autocrat," as she accepted the Democratic presidential nomination in Chicago on Thursday night."I will not cozy up to tyrants and dictators like Kim Jong-Un, who are rooting...
India to name new MPC members soon, dissenters from Shaktikanta Das’ rate policy team to leave before crucial meet, ET BFSI
India’s government will appoint new external members to the central bank’s monetary policy committee by October at the latest, people familiar with the matter said, shortly before a crucial meeting in which the MPC will face pressure to cut interest rates.The...
Walmart adds Burger King benefit for Walmart+ members
A Burger King Whopper hamburger is displayed in San Anselmo, California, on April 5, 2022.Justin Sullivan | Getty ImagesWalmart members are in for a whopper of a deal.The retailer on Thursday announced a new partnership with fast-food chain Burger King that will offer...
Zoom stock has best day since 2022 on Q2 2025 results, raised guidance
Zoom CEO Eric Yuan speaks at the Dropbox Work In Progress Conference in San Francisco on Sept. 25, 2019.Matt Winkelmeyer | Getty Images for DropboxZoom shares soared the most since November 2022 on Thursday after the video chat company reported better-than-expected...
Buckle Up: Markets Brace for Fed Powell’s Jackson Hole Remarks
In the calm before what could be a stormy session, forex markets remained exceptionally quiet during Asian trading. Dollar managed a slight recovery overnight, bolstered by pullback in US equities, but the upward momentum has been notably weak. Traders are now...
Generative AI: AMD’s Cutting-Edge Solutions Empowering Enterprises
Rongchai Wang Aug 23, 2024 07:18 AMD's generative AI solutions, including the MI300X accelerator and ROCm software, are transforming business operations. Discover how AMD is leading the AI revolution. Generative...
Asian Infrastructure Investment Bank issues its first DNN on Euroclear’s D-FMI platform
The Asian Infrastructure Investment Bank (AIIB) has successfully issued its first Digitally Native Note, executed on Euroclear’s Digital Financial Market Infrastructure (D-FMI). This marks the first digital issuance in USD for Euroclear and the first such issuance by...
Astar Network Unveils Evolution Phase 1 with Soneium Transition
Caroline Bishop Aug 23, 2024 07:41 Astar Network announces Phase 1 of its evolution, transitioning Astar zkEVM to Soneium L2, a collaboration with Sony Group and Startale. Astar Network has announced the...
Bank credit to NBFCs slows as RBI’s risk weight hike takes effect, ET BFSI
Bank credit to non-banking financial companies (NBFCs) has significantly slowed down following the Reserve Bank of India's (RBI) decision to increase risk weights on such loans last year. According to RBI data, the growth in bank loans to NBFCs dropped to 8.5% in...
Food inflation pressures showing little signs of abatement, warns RBI, ET BFSI
The Reserve Bank of India (RBI) released the minutes of the Monetary Policy Committee (MPC) meeting on Friday, highlighting that the headline inflation has seen upward movement in June to 5.1 per cent, as food inflation pressures increased and offset the impact of...
SEBI imposes 5-year ban on Anil Ambani, 24 others from participating in securities market, ET BFSI
Coming as a big move, the Securities and Exchange Board of India (SEBI) has imposed a five-year ban on industrialist Anil Ambani and 24 other parties from participating in the securities market. This includes former senior executives of Reliance Home Finance as well....
FX option expiries for 23 August 10am New York cut
There is just one to take note of on the day, as highlighted in bold.That being for EUR/USD at the 1.1100 level again. Similar to yesterday, the expiries are likely to help lock price action from falling off too much in the session ahead. That at least until we get to...
Baidu reports slower growth in robotaxi rides
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles.BaiduBEIJING — Chinese tech company Baidu is reporting slower growth in its Apollo Go robotaxi rides than in prior quarters.Figures Baidu reported...
Cava Group (CAVA) earnings Q2 2024
Customers arrive at a Cava restaurant in New York City on June 22, 2023.Brendan Mcdermid | ReutersCava on Thursday raised its full-year outlook as its restaurants reported strong traffic, fueling better-than-expected quarterly earnings and revenue.Shares of the...
Trump Arizona Harris border, Democrats tough on immigration
Republican presidential nominee and former U.S. President Donald Trump speaks from behind bulletproof glass during a campaign rally, at the North Carolina Aviation Museum & Hall of Fame in Asheboro, North Carolina, U.S. August 21, 2024.Jonathan Drake |...
ECB minutes highlight September as ideal time for policy re-evaluation
ECB’s July meeting accounts revealed that the upcoming September meeting is “widely seen as a good time to re-evaluate the level of monetary policy restriction,” with members emphasizing the importance of approaching that meeting with an “open mind.” The...
Geoff Duncan, Olivia Troye ask Republicans to back Harris over Trump
Two Republicans speaking at the Democratic National Convention on Wednesday — a former Trump White House advisor and the former lieutenant governor of Georgia — urged GOP voters to support Democratic nominee Kamala Harris.Olivia Troye served in former president's...
Kotak Mahindra Bank to outperform Nifty, says JM Financial, BFSI News, ET BFSI
With Kotak Mahindra Bank having fallen from its previous swing high from 1,870 level to a swing low of 1,729 level, domestic brokerage firm JM Financial sees the bank stock outperforming the Nifty50 index in ratio trade.Kotak Bank has managed to move above the...
Startups Urged to Hire Recruiters Early for Optimal Growth
Ted Hisokawa Aug 22, 2024 17:23 Startups are encouraged to hire recruiters among their first ten employees to ensure successful scaling and avoid common pitfalls. Startups are advised to prioritize hiring...
Michelle Bond, romantic partner of Former FTX exec Salame, indicted
Ryan Salame, the former co-chief executive of FTX Digital Markets, exits the Federal Court after he pleaded guilty to two charges including conspiring to make unlawful U.S. political contributions, in New York City, Sept. 7, 2023.Brendan McDermid | ReutersConvicted...
EUR/GBP Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8502; (P) 0.8524; (R1) 0.8538; More…. EUR/GBP’s fall from 0.8624 resumed by breaking through 0.8507 temporary low as well as 55 D EMA (now at 0.8498. Intraday bias is back on the downs for 61.8% retracement of 0.8382 to 0.8624 at 0.8474. Firm...
SEC obtains judgments against two individuals involved in multi-million dollar offering fraud
The Securities and Exchange Commission (SEC) has secured final judgments against two individuals involved in multi-million dollar offering fraud. On August 21, 2024, the New York Southern District Court entered final judgments against Wayne H. McLean and Joan E....
NWSL eliminates draft, grants unrestricted free agency to players
Maitane Lopez Millan #77 of Gotham FC defending battling Jordyn Huitema #9 of OL Reign for the ball during NWSL Cup Final game between NJ/NY Gotham City FC and OL Reign at Snapdragon Stadium on November 11, 2023 in San Diego, CA. Michael Janosz | ISI Photos | Getty...
Bill Clinton praises Kamala Harris, mocks Trump narcissim
Former U.S. President Bill Clinton speaks on stage during the third day of the Democratic National Convention at the United Center on August 21, 2024 in Chicago, Illinois. Kevin Dietsch | Getty ImagesFormer President Bill Clinton told the Democratic National...
Asian equities climb ahead of central bank events: Markets wrap, ET BFSI
Stocks in Asia edged higher ahead of key events from the Federal Reserve and the Bank of Japan that will help define the global rates trajectory.The MSCI Asia Pacific Index climbed 0.2% as benchmarks in Japan, Australia and South Korea rose. That came after the...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.1108; (P) 1.1141; (R1) 1.1183; More…. A temporary top is in place in EUR/USD with 4H MACD crossed below signal line. Intraday bias is turned neutral for consolidations first. But further rally is expected as long as 1.1046 resistance turned...
RoboMarkets announces updates to R StocksTrader platform
Retail FX and CFD broker RoboMarkets today announced updates to the R StocksTrader platform to enhance trading experience. Commission removal and updated approach to spreads The broker is simplifying trading conditions on the R StocksTrader platform. All order...
GitHub Recognized as Leader in Gartner’s Inaugural Magic Quadrant for AI Code Assistants
Timothy Morano Aug 22, 2024 18:08 GitHub has been named a Leader in Gartner's first-ever Magic Quadrant for AI Code Assistants, reflecting its strong performance and innovation. GitHub has been named a Leader in...
S&P Global Market Intelligence, ET BFSI
Dividend growth at some of India's largest banks is expected to slow after surging in the fiscal year ended March 31, as per an analysis by S&P Global Market Intelligence. The anticipated slowdown comes as the rising cost of deposits and heightened competition for...
Trump blasted by Josh Shapiro for ‘overrated Jewish governor’ attack
Pennsylvania Governor Josh Shapiro speaks on Day 3 of the Democratic National Convention (DNC) at the United Center, in Chicago, Illinois, U.S., August 21, 2024.Mike Segar | ReutersPennsylvania Gov. Josh Shapiro on Thursday accused Donald Trump of peddling...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.3028; (P) 1.3074; (R1) 1.3137; More… Intraday bias in GBP/USD remains on the upside for the moment. Decisive break of r 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is close to 1.3141 high, will confirm larger up trend...
FDA approves Pfizer, Moderna updated KP.2 shots
The Food and Drug Administration on Thursday approved updated Covid vaccines from Pfizer and Moderna, putting the new shots on track to reach most Americans in the coming days amid a summer surge of the virus. The jabs target a strain called KP.2, a descendant of the...
MultiBank reports record Revenues of $306.6 million in 2023
Dubai based online brokerage firm MultiBank Group has announced its most successful financial year to date, including record Revenue of $306.6 million in 2023. Based on the latest audited financial statements, MultiBank Group achieved a strong 10% revenue increase,...
Sunset Market Commentary – Action Forex
Markets European data today managed to temporarily steal attention away from the US. August PMI figures showed EMU business activity rising at a faster pace, but there’s more than meets the eye. The composite PMI ticked up to 51.2 (3-month high) whereas consensus...
NCLT approves delisting of ICICI Securities, dismisses petition by minority shareholders, ET BFSI
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday approved the delisting application of ICICI Securities from the stock exchanges and also rejected objections filed by minority shareholders. The NCLT in an oral order approved the Scheme of...
GeForce NOW Integrates Xbox Automatic Sign-In, Expands Game Library Post-Gamescom
Caroline Bishop Aug 22, 2024 17:38 NVIDIA's GeForce NOW introduces Xbox automatic sign-in and expands its game library with major titles like Civilization series and Black Myth: Wukong. NVIDIA has announced a...
Kamala Harris to accept nomination for president
U.S. Vice President Kamala Harris addresses delegates during a livestream speech following a ceremonial roll call vote at the Democratic National Convention at the United Center in Chicago on Aug. 20, 2024.David Paul Morris | Bloomberg | Getty ImagesVice President...
Gold Struggles After Reaching New Highs
Gold started the week with a decisive renewal of all-time highs, reaching the maximum spot price of $2531 per troy ounce. However, the bulls failed to seize the initiative finally, and on Thursday, gold lost more than 1%, falling back to the depths of the upward trend...
Brokeree Solutions makes website multilingual continuing international growth
Brokeree Solutions, an international technology provider for multi-asset brokers, has announced the release of a new website version. Now the information on Brokeree’s website is available for visitors in Spanish, Arabic, and Chinese in addition to English. The...
Perplexity AI plans to start running search ads in fourth quarter
Perplexity AI logo is seen in this illustration taken January 4, 2024. Dado Ruvic | ReutersPerplexity AI, the artificial intelligence startup that's been embroiled in controversy due to accusations of plagiarizing content from media outlets, plans to start running ads...
Binance Labs Invests in Four Web3 Projects from BNB Chain’s MVB Season 7
Rongchai Wang Aug 22, 2024 17:02 Binance Labs has invested in four standout projects from BNB Chain's MVB Season 7, aiming to accelerate growth and innovation in the Web3 space. Binance Labs has announced...
Bandhan Bank aims to raise women customer base, BFSI News, ET BFSI
Kolkata, Private lender Bandhan Bank on Thursday said it plans to raise the customer base of women by launching products specifically tailored for them. The bank launched a women-specific debit card in collaboration with Mastercard with facilities like accident...
RBI allows e-mandate for auto-replenishment of FASTag, NCMC, BFSI News, ET BFSI
Mumbai, In June, the RBI announced that auto-replenishment of balances in FASTag and NCMC, which are recurring in nature but without any fixed periodicity, would be facilitated under the e-mandate framework. "It has been decided to include auto-replenishment of FASTag...
FTX executive Ryan Salame seeks to void guilty plea
Ryan Salame, former co-chief executive officer of FTX Digital Markets Ltd., exits federal court in New York, US, on Tuesday, May 28, 2024. Yuki Iwamura | Bloomberg | Getty ImagesRyan Salame, a former top lieutenant at the failed cryptocurrency exchange FTX, asked a...
Mike Lynch, man once dubbed ‘Britain’s Bill Gates,’ dies at age 59
Mike Lynch, 59, is the founder of enterprise software firm Autonomy. He was acquitted of fraud charges in June after defending himself in a trial over allegations that he artificially inflated Autonomy's value in an $11.7 billion sale to tech giant Hewlett...
NZ Dollar Slips Ahead of Retail Sales, Powell’s Speech
The New Zealand dollar is drifting on Thursday. In the North American session, NZD/USD has fallen to 0.6132 at the time of writing, down 0.41% on the day. The New Zealand dollar continues to have its way with its US counterpart and has soared 4% since July 29. New...
Enhancing Customer Understanding with Speech AI: The Role of Conversation Intelligence
Luisa Crawford Aug 22, 2024 16:29 Discover how Speech AI models are revolutionizing customer service by providing better insights through conversation intelligence platforms. Finding the right customer service...
Interactive Brokers enhances global bond offering
Interactive Brokers (NASDAQ:IBKR), an automated global electronic broker, today announced significant enhancements to its global bond offering available through the IBKR Bond Marketplace. Clients of Interactive Brokers can now access greater liquidity for global...
FPIs sell off big in financial services sector in August, BFSI News, ET BFSI
Foreign investors dumped shares in financial services companies worth ₹14,790 crore during the first-half of August. This is the highest selling by FPIs across sectors in this period. These investors sold shares worth ₹28,642 crore across 15 sectors between August 1...
Snowflake stock down on decelerating product revenue growth
Sridhar Ramaswamy, CEO of Snowflake and formerly co-founder and CEO of startup Neeva, speaks at the Collision conference in Toronto on June 21, 2022.Eóin Noonan | Sportsfile | Collision | Getty ImagesShares of Snowflake fell 13% on Thursday after the data cloud...
Japanese Yen Price Action Ideas: USD/JPY, EUR/JPY
The Japanese Yen has seen significant volatility in recent weeks, influenced by factors like US Dollar recovery and mixed Japanese economic data. USD/JPY shows potential for retesting the 150.00 level, with resistance at 146.37 and support around 143.60. EUR/JPY...
Oprah Winfrey, John Legend, Cory Booker
[The stream is slated to start at 6:30 p.m. E.T. Please refresh the page if you do not see a player above at that time.]Minnesota Gov. Tim Walz, Vice President Kamala Harris' running mate, will take center stage at the Democratic National Convention on Wednesday...
Piyush Goyal accuses e-com players of predatory pricing, FDI violation, ET BFSI
NEW DELHI: Commerce and industry minister Piyush Goyal on Wednesday accused large e-commerce players, such as Amazon, of indulging in predatory pricing to grab a bigger share and violating FDI rules, while calling for a review of policies to ensure that small shops...
Thailand’s democracy has taken another hit, but the country’s progressive forces won’t be stopped :: InvestMacro
By Adam Simpson, University of South Australia After two tumultuous weeks in Thai politics, the country has a new prime minister and new opposition party in parliament. The sweeping changes have demonstrated yet again the power of the Constitutional Court over...
BitMEX to Launch SUNDOGUSDT Perpetual Contract with 50x Leverage
Rongchai Wang Aug 22, 2024 15:21 BitMEX will list the new SUNDOGUSDT perpetual contract, offering up to 50x leverage, on 23 August 2024 at 04:00 UTC. BitMEX has announced the upcoming listing of a new perpetual...
Peloton (PTON) earnings Q4 2024
Peloton said Thursday it is digging itself out of the red and eked out a slight sales increase for the first time in nine quarters as it slashed its overall losses. The beleaguered connected fitness company, which two board members have run since former CEO Barry...
Fed’s Harker and Collins signal support for gradual rate cuts
Philadelphia Fed President Patrick Harker and Boston Fed President Susan Collins have both indicated their support for beginning a gradual reduction in interest rates, assuming no unexpected changes in economic data. Harker emphasized that the process should start...
8. Why deposits not keeping up with loans needs a rethink on tax front
Finance minister Nirmala Sitharaman’s call to state-run banks to step up deposit mobilisation has put the spotlight on an issue RBI has flagged in recent weeks.
World’s first airport to require biometric boarding to arrive in 2025
A woman tests Vueling's new biometric recognition system at El Prat airport, January 19, 2023, in El Prat de Llobregat, Barcelona, Catalonia, Spain. David Zorrakino | Europa Press | Getty ImagesAs end-of-summer travel lines back up at TSA airport checkpoints in the...
RBI allows e-mandate for auto-replenishment of FASTag, NCMC, BFSI News, ET BFSI
Mumbai, In June, the RBI announced that auto-replenishment of balances in FASTag and NCMC, which are recurring in nature but without any fixed periodicity, would be facilitated under the e-mandate framework. "It has been decided to include auto-replenishment of FASTag...
Crypto scam wrecks Kansas bank, sends CEO to prison
The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which he sent to cryptocurrency wallets controlled by scammers who had duped him in a "pig butchering" scheme that appealed to his greed, federal...
Miami International Holdings announces $100M investment from Warburg Pincus
Miami International Holdings, Inc. (MIH) today announced a $100 million investment from Warburg Pincus. Subject to certain conditions, Warburg Pincus may expand its investment in MIH to support additional growth. The growth investment will accelerate the next phase of...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8487; (P) 0.8525; (R1) 0.8554; More….. Intraday bias in USD/CHF stays on the downside for the moment. Fall from 0.8747 is in progress for retesting 0.8431. Firm break there will resume whole decline from 0.9223 towards 0.8332 low. On the upside,...
Peloton to charge $95 activation fee for used bikes
Peloton on Thursday said it will start charging new subscribers a one-time $95 activation fee if they bought their hardware on the secondary market as more consumers snag lightly used equipment for a fraction of the typical retail price.The used equipment activation...
FM Sitharaman urges RRBs to ensure credit to MSMEs, BFSI News, ET BFSI
Udaipur, The review meeting focused on business performance, upgrading digital technology services, fostering business growth in MSME clusters, and deepening of financial inclusion in rural areas. The finance minister urged RRBs to generate awareness of Government...
Tax breaks are India’s lure as green debt misses bond frenzy, ET BFSI
India is making new efforts to ignite interest in its green debt as the category misses out on a torrent of foreign flows into local sovereign bonds.The nation will allow the trading of sovereign green debt from its newest finance hub in Prime Minister Narendra Modi’s...
HKMA Issues Warning on Fraudulent Websites and Phishing Messages Related to Hang Seng Bank
Jessie A Ellis Aug 22, 2024 14:32 The Hong Kong Monetary Authority alerts the public to fraudulent websites and phishing messages linked to Hang Seng Bank. The Hong Kong Monetary Authority (HKMA) has issued a...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 144.19; (P) 145.55; (R1) 146.63; More… Intraday bias in USD/JPY is turned neutral with 4H MACD crossed above signal line. The corrective structure of the fall from 149.35 dampened the original bearish view that rebound from 141.67 has completed. On...
Trump promotes family’s new crypto platform, “The Defiant Ones’
Republican presidential nominee and former U.S. President Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, U.S., July 27, 2024. Kevin Wurm | ReutersFormer president Donald Trump on Thursday promoted a soon-to-launch, Trump Organization crypto...
Oprah Winfrey endorses Harris over Trump
Talk show and media icon Oprah Winfrey on Wednesday endorsed Vice President Kamala Harris for president."What we're going to do is elect Kamala Harris as the next President of the United States," Winfrey said in a speech that drew a thunderous response from the...
Waits on BoJ and Fed chief remarks :: InvestMacro
USDJPY ↓ 3% month-to-dateUeda testimony + Powell speech in focusPrices heavily bearish but RSI near oversoldBloomberg FX model: 73% – (142.70 – 148.67)Key technical level: 145.00Check this out. The USDJPY could see big price swings on Friday!That’s right, remarks by...
July home sales break 4-month losing streak as supply rises nearly 20%
A sign is posted in front of a home for sale on August 07, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesClosed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate of 3.95 million units,...
NBFCs beat high cost of funds by increasing rates and reducing dependence on bank loans, ET BFSI
After facing persistent increase in funding costs non-bank lenders are looking at newer avenues of raising capital. Experts say that increasingly non-banks are diversifying away from bank lending and increasing proportion of higher yielding segments in their book."To...
Binance Launches Learn & Earn Program Rewarding Users with FET Tokens
Timothy Morano Aug 22, 2024 13:21 Binance introduces a new Learn & Earn round, offering users the chance to earn FET rewards by completing blockchain courses and quizzes. Binance has announced the latest...
US PMI composite falls to 54.1, still points to over 2% annualized GDP growth in Q3
In August, US PMI Manufacturing dropped to 48.0, the lowest in eight months, down from 49.6 in July. In contrast, PMI Services index showed a slight increase, rising from 55.0 to 55.2. PMI Composite index also declined, falling from 54.3 to 54.1, a four-month low....
Fanton Secures $1M Seed Investment to Enhance Blockchain Fantasy Football Platform
Zach Anderson Aug 22, 2024 13:42 Fanton Fantasy Football secures $1M in seed funding from Animoca Brands and others to expand its blockchain-based platform integrated with Telegram. Fanton Fantasy Football, a...
CME Group to launch new CME Term SOFR API
On Sunday, September 1, international derivatives marketplace CME Group will launch the new CME Term SOFR API, a REST API that provides access to the daily set of forward-looking interest rate estimates for 1-Month, 3-Month, 6-Month and 12-Month Tenors in real-time,...
Nancy Pelosi lauds Harris' political skill in securing nomination with 'dignity and grace'
Speaker Emerita Nancy Pelosi addressed the Democratic National Convention on the third night along with Bill Clinton, Josh Shapiro and Tim Walz.
Banks won’t send pre-debit notifications for these two types of recurring payment e-mandates, ET BFSI
The Reserve Bank of India (RBI) has announced that there will not be any pre-debit notification on auto-replenishment of FASTag and NCMC, as and when the balance falls below the preset limit.In its monetary policy meeting held in June 2024, the RBI announced the...
Sterling Surges on Strong PMI Data, BoE Likely to Hold Off on Rate Cuts Amid Resilient Growth
Sterling surged broadly today, driven by stronger-than-expected PMI data indicating that the UK economy is on track for reasonably solid growth in the third quarter. This positive economic outlook comes at a time when inflationary pressures are easing, which would...
Foreign Portfolio Investors turn net buyers, with debt segment still attracting FPI inflows, ET BFSI
New Delhi [India], August 22 (ANI): Following outflows in the first two months of Financial Year (FY) 25, Foreign Portfolio Investors (FPIs) became net buyers in the Indian financial markets, with net inflows of USD 10.8 billion in June and July 2024, according to the...
The dovish FOMC minutes supported the growth of indices. The Australian index has been growing for 10 consecutive trading sessions :: InvestMacro
By JustMarketsStocks in the US ended the session higher on Wednesday. The Dow Jones Index (US30) rose by 0.14%, while the S&P 500 Index (US500) gained 0.42%. The NASDAQ Technology Index (US100) closed positive, 0.57% yesterday. Stocks rose on Wednesday after a...
US initial jobless claims falls rises to 232k
US initial jobless claims rose 4k to 232k in the week ending August 17, matched expectations. Four-week moving average of initial claims fell -750 to 236k. Continuing claims rose 4k to 1863k in the week ending August 10, highest since November 27, 2021. Four-week...
5 things to know before the stock market opens Thursday
Here are the most important news items that investors need to start their trading day:1. Rate rallyAfter a selloff prompted by fears about the economy earlier this month, markets have largely been steady. The three major U.S. averages rose again Wednesday as investors...
Survey Reveals Top Social Media Platforms for Crypto Enthusiasts
Rebeca Moen Aug 22, 2024 12:37 A survey by CoinGecko highlights that X, Telegram, and YouTube are the primary social media platforms for crypto enthusiasts, with 84% of the community using these platforms. ...
Gold loan market projected to double in 5 years to Rs 14.19 lakh crore: PwC India, ET BFSI
India's organised gold loan market is projected to double in next five years to Rs 14.19 lakh crore despite expected moderation in growth due to stricter regulations, said a PwC India report. In fiscal 2023-24, the organised gold loan market demonstrated substantial...
Fed’s Schmid needs to see a bit more data before acting on rate cut
In a Bloomberg TV interview recorded on Wednesday and aired Thursday, Kansas City Fed Bank President Jeff Schmid emphasized the importance of waiting for additional economic data before making any decisions on rate cuts. “It makes sense for me to really look at some...
The challenge of Demo Account execution in Prop Trading
The following guest post is courtesy of Krzysztof Kapliński, Dealing Team Leader at broker platform provider Match-Trade Technologies. Krzysztof Kapliński Proprietary trading firms have emerged as a compelling alternative to traditional forex brokers. These firms...
Finance Ministry’s monthly economic review sees food inflation falling in coming months on rain bounty, ET BFSI
Food inflation in India is expected to fall in the coming months as plentiful monsoon rains have replenished water levels in reservoirs, FinMin's Department of Economic Affairs said in its monthly economic review on August 22.As per latest data, retail inflation in...
MUFG doubles down on DMI Finance investment with $334 million bet, ET BFSI
Japanese banking giant Mitsubishi UFG Financial Group (MUFG) has invested Rs 2798 crore ($334 million) in Delhi based digital lending company DMI Finance Pvt Ltd in yet another example of increasing appetite from Asia's second largest economy in India's financial...
Tim Walz says Harris will turn page on Donald Trump
Minnesota Gov. Tim Walz told the Democratic National Convention on Wednesday night that he and Vice President Kamala Harris will 'turn the page on Donald Trump.""We've got something better to offer the American people," said Walz, as he accepted the Democratic...
(ECB) Monetary policy accounts – Action Forex
Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 17-18 July 2024 22 August 2024 1. Review of financial, economic and monetary developments and policy options Financial...
Binance Adds Notcoin (NOT) to Simple Earn Locked Products with Up to 29.9% APR
Lawrence Jengar Aug 22, 2024 11:43 Binance announces the addition of Notcoin (NOT) to its Simple Earn Locked Products, offering up to 29.9% APR during the promotion period. Binance, a leading cryptocurrency...
China’s self-driving startup WeRide delays U.S. IPO as deadline looms
In this photo illustration, a WeRide logo of Chinese robotaxi firm is seen on a smartphone and a pc screen.Getty ImagesSelf-driving technology company WeRide delayed its plan for an initial public offering in the U.S., citing its need for more time to complete...
A circular economy for our energy landscapes :: InvestMacro
By Martin J. Pasqualetti, Arizona State University; Chad Walker, Dalhousie University, and Michelle Adams, Dalhousie University From cereal boxes to our distinct milk bags, Canadians have been told that one of the best things we can do for the planet is to embrace the...
India economic momentum remains intact, set to achieve 6.5-7 pc growth: Finmin Report, ET BFSI
New Delhi, India's economic momentum remains intact despite a somewhat erratic monsoon, and real GDP growth of 6.5-7 per cent projected in the Economic Survey seems appropriate, a finance ministry report said on Thursday. According to the Monthly Economic Review for...
Are banks open or closed on Monday, August 26?, ET BFSI
Banks will be closed in a few states for three days in a row starting this Saturday, August 24, 2024. Some states will observe a bank holiday on Monday, August 26 in observance of Krishna Janmashtami. Therefore, it is important for bank customers to verify if there is...
Germany’s PMI composite falls to 48.5, risk of another recession growing
Germany’s PMI data for August paints a bleak picture, with both the manufacturing and services sectors underperforming. PMI Manufacturing dropped from 43.2 to 42.1, falling short of the expected 43.5. PMI Services also declined, falling from 52.5 to 51.4, below the...
China’s ‘growing authoritarianism’ does not stop with Taiwan, says Taiwan President
Lai Ching-te, president of Taiwan, on Saturday, Jan. 13, 2024. Bloomberg | Bloomberg | Getty ImagesTaiwan's President Lai Ching-te has cautioned that China's "growing authoritarianism" will not stop with the island, and that it poses a challenge at the "global...
NFTs (Non-Fungible Tokens) and their Impact on Digital Ownership
The emergence of Non-Fungible Tokens (NFTs) is nothing less than a boon in the technology-driven era. The concept of NFTs is gradually gaining momentum in the digital landscape. The main reason for the immense popularity of NFTs is that they allow any individual to...
How to Create Great Videos and Build a Strong Brand » Succeed As Your Own Boss
#Smallbizchat Podcast LIVE is a monthly video interview show where small business owners can get answers to their questions. The focus of #Smallbizchat is to end small business failure by helping participants succeed as your own boss. Please join us live every third...
Binance Unveils $100,000 BNB Spot Trading ROI Competition
Alvin Lang Aug 22, 2024 09:51 Binance launches a limited-time spot trading ROI competition with $100,000 in BNB rewards and exclusive VIP swag. Open to all users achieving 1% ROI. Binance has announced its...
Vallée Duhamel Explores AI in Filmmaking with ‘After Light’
Zach Anderson Aug 22, 2024 10:34 Montreal-based directing duo Vallée Duhamel discusses their latest project 'After Light' and the impact of AI on their creative process. Montreal-based directing duo Vallée...
Corpay Cross-Border enters agreement with Manchester City to become their official FX partner
Corporate payments provider Corpay, Inc (NYSE:CPAY) announces that Corpay’s Cross-Border business has entered into an agreement with the current Premier League title holder, Manchester City to become their Official Foreign Exchange (FX) Partner. As part of this...
Eurozone PMI composite rises to 51.2, easing cost pressures strengthens case for ECB Sep cut
Eurozone PMI Manufacturing fell slightly from 45.8 to 45.6 in August, an 8-month low and below expectations of 46.1. In contrast, PMI Services showed a strong performance, rising from 51.9 to 53.3, surpassing the expected 52.2. This divergence led to a modest increase...
SEBI moots changes to debenture trustee norms, BFSI News, ET BFSI
New Delhi, Markets regulator SEBI on Wednesday proposed certain changes to regulations related to debenture trustees. A consultation paper has been issued to provide clarity on the term 'pecuniary relationship' of Debenture Trustee (DT) with the issuer under the...
RBI Deputy Governor, ET BFSI
Mumbai (Maharashtra) [India], August 22 (ANI): Speaking at the Annual Day of the Foreign Exchange Dealers on Thursday Swaminathan J, Deputy Governor, Reserve Bank of India (RBI) said that the financial sector should leverage digitisation in credit delivery to help...
India retained its growth momentum in Q1 of FY25, says RBI’s monthly economic review, ET BFSI
The Indian economy retained its growth momentum in the opening quarter (April-July) of the current financial year, the RBI said in its monthly economic review released on August 22.As highlighted by the report, India's key economic indicators present a positive...
What a Kamala Harris victory could mean for Europe
European Commission President Ursula von der Leyen (L) and US Vice President Kamala Harris (R) line up for the family photo at the UK Artificial Intelligence (AI) Safety Summit at Bletchley Park, in central England, on November 2, 2023.Daniel Leal | Afp | Getty...
Crypto Tug of War – Action Forex
Market picture The crypto market gained 1.7% in the last 24 hours to reach $2.14 trillion, continuing to test August’s resistance. Bitcoin rose 2.6%, while Ethereum gained 1.2%. The battle for a 10th position in the CoinMarketCap has intensified: Tron’s 5.5% drop to a...
UK competition watchdog finds Barclays in breach of Retail Banking Order
The UK Competition and Markets Authority (CMA) has sent a letter to Barclays Bank UK plc regarding breaches of Part 5 (Payment Transaction Histories) of the Retail Banking Market Investigation Order 2017. Part 5 of the Order requires banks and building societies to...
CCI nod sought for merger of Tata Motors Finance with Tata Capital, ET BFSI
Tata Capital Ltd (TCL) has sought the Competition Commission of India's (CCI) approval for its proposal to absorb Tata Motors Finance Ltd (TMFL).In a filing with the antitrust regulator last week, the company said: "The proposed transaction involves the merger of TMFL...
Balanced Integrates Injective (INJ) to Enhance Cross-Chain DeFi
Luisa Crawford Aug 22, 2024 10:06 Balanced, a cross-chain DeFi platform, integrates with Injective, introducing the bnUSD stablecoin and expanding DeFi capabilities. Balanced, a cross-chain platform enabling...
JP 225 Index: Is There More Upside on the Horizon?
JP 225 index reclaims August’s loss Short-term risk is on the positive side Will the bulls breach the 38,600-39,950 area too? Japan’s 225 stock index (cash) is trading with soft positive momentum on Thursday for the second consecutive day, hitting a three-week high of...
IMF ED KV Subramanian, ET BFSI
IMF executive director Krishnamurthy V. Subramanian speaks at a media event in New Delhi on TuesdayIndia’s economy is projected to grow to $55 trillion by 2047 if the country is able to register an average real growth rate of 8 per cent in the coming years which is an...
China’s state media slams U.S. over Biden nuclear strategy report
Wong Yu Liang | Moment | Getty ImagesChina's state media and foreign ministry quickly moved to criticize Washington, after the New York Times reported that U.S. President Joe Biden reoriented the U.S.' nuclear strategic plan in March to focus on Beijing's rapid...
British tech entrepreneur Mike Lynch found in Sicily yacht wreckage
Mike Lynch, former chief executive officer at Hewlett-Packard Co.'s Autonomy unit, speaking at a conference on Thursday, April 25, 2013. Bloomberg | Bloomberg | Getty ImagesLONDON — The body of British technology entrepreneur Mike Lynch, 59, has been retrieved from...
Nasdaq fines TradeLink Securities for alleged rule violations
The Nasdaq Stock Market LLC has published a notice of disciplinary action against TradeLink Securities, LLC. During the period of January 1, 2021 through April 16, 2021 (the “Relevant Period”), the firm violated Nasdaq Rule Equity 2, Section 5(a)(2) by failing to...
Foreign banks await Fed speak on ‘soft or hard’ landing to gauge pace of India bond flows, ET BFSI
Foreign investment in Indian bonds has held firm amid global headwinds that have roiled markets and prompted overseas players to sell local stocks. Going ahead, what will determine whether local bonds turn into overseas favourites or see some volatility is the reasons...
Glassnode Says Bitcoin Decline Is Due To Weak Spot Demand, Here Is What It Means
Bitcoin’s (BTC) bearish price action and steep declines over the past month of its trading can be attributed to weaknesses in its spot demand, as revealed by data reports from Glassnode Meanwhile, the ETFSwap (ETFS) DeFi token, selling at $0.01831 in its viral...
UK PMI data shows robust growth, easing inflation opens door for BoE rate cuts
UK’s PMI data for August showed positive momentum across both the manufacturing and services sectors. PMI Manufacturing edged up from 52.1 to 52.5, surpassing expectations of 52.2 and marking a 26-month high. PMI Services also rose from 52.5 to 53.3, above the...
Superior Game Strategy: Choosing Powers and Defeating Villains
Caroline Bishop Aug 22, 2024 08:50 Discover the best strategies for selecting powers in Superior, the game by Gala Games, to defeat supervillains and save the world. In the dynamic world of Gala Games' Superior,...
Trump clemency recipient Jonathan Braun arrested for assault
Republican presidential nominee and former U.S. President Donald Trump speaks from a bulletproof glass housing during a campaign rally, at the North Carolina Aviation Museum & Hall of Fame in Asheboro, North Carolina, U.S. August 21, 2024. Jonathan Drake |...
Sebi board likely to have new faces as Anshuman, Govil exit, BFSI News, ET BFSI
The board of the capital markets regulator, the Securities and Exchange Board of India (Sebi) will have a new look as two members exit after the end of their respective terms to make way for two incoming candidates. The Sebi chief, while also a full-time member of the...
CFTC clashes with My Forex Funds over privileged info
The lawsuit brought by the Commodity Futures Trading Commission (CFTC) against Murtuza Kazmi and Traders Global Group Inc., d/b/a “My Forex Funds”, continues at the New Jersey District Court. Recently, the parties have been engulfed in arguments over information...
How to Get Back on Track with YNAB
I’m just going to come right out and admit it: I’m bad at budgeting. And vacuuming. And putting away laundry. Maybe most of adulthood, actually? I didn’t expect to be facing such hard truths when I sat down to write this. Anyway, my intent is always good. I’ve tried...
WTI Futures Fall to a 7-Month Low
WTI futures drop to their lowest level since January 17 Momentum indicators are heavily tilted to bearish side WTI oil futures (October delivery) have been in a steady retreat following their rejection at the 200-day simple moving average (SMA) in mid-August. On...
Rupee dips; forward premiums rise amid near certainty on Fed rate cuts, ET BFSI
By Nimesh VoraMUMBAI, - The Indian rupee was marginally weaker on Thursday amid a pause in the rally in Asian peers, while forward premiums rose after Federal Reserve minutes and downward revisions to U.S. payrolls made it almostThe rupee was quoted at 83.9425 to the...
Bank of Italy chief calls for common budget for euro zone, BFSI News, ET BFSI
Fabio Panetta, the governor of the Bank of Italy emphasised the need for the euro zone to enhance investment and outline a common budget to strengthen its economy. At a conference in the Adriatic coastal town of Rimini, he said, "The idea that economic and monetary...
FX option expiries for 22 August 10am New York cut
There is just one to take note of on the day, as highlighted in bold.However, given the overarching theme in markets this week i.e. dollar weakness, the expiries for EUR/USD at the 1.1100 level may not matter too much. The pair is looking to secure a breakout as noted...
Microsoft changes reporting to boost cloud consumption visibility
Executive Chairman and CEO of Microsoft Corporation Satya Nadella speaks during the "Microsoft Build: AI Day" event in Bangkok, Thailand, May 1, 2024. Chalinee Thirasupa | ReutersMicrosoft on Wednesday updated quarterly revenue guidance for its three business segments...
Paramount-Skydance ‘go shop’ period extended to review Bronfman offer
Edgar Bronfman, Jr.Cameron Costa | CNBCThe future of Paramount Global is still uncertain.Paramount's special committee on Wednesday said it would extend by 15 days an agreed-upon "go shop" period of its merger agreement with Skydance as it reviews a competing offer...
Amanda Gorman recites her new poem, “This Sacred Scene’ at DNC
"Divided we cannot endure, but united we can endeavor to humanize our democracy and endear democracy to humanity." Gorman, 26, recited at the United Center arena in Chicago "It falls to us, to ensure that we do not fall. For a people that cannot stand together, cannot...
Dollar Continues to Slide as FOMC Minutes Confirm September Rate Cut Likely
Dollar extended its broad decline overnight following release of FOMC minutes, which confirmed that a vast majority of Fed members see a rate cut in September as appropriate. However, the market reaction was relatively muted, as this outcome has already been largely...
Enhancing Recommender Systems with Co-Visitation Matrices and RAPIDS cuDF
Jessie A Ellis Aug 22, 2024 08:15 Learn how to build efficient recommender systems using co-visitation matrices and RAPIDS cuDF for faster data processing and improved personalization. Recommender systems are...
CySEC warns of impersonator websites demanding fees for client recoveries
Cyprus financial regulator The Cyprus Securities and Exchange Commission (CySEC) has issued a statement that it has become aware of the website cysecgov.org, which has been maliciously created and does not belong to CySEC. Additionally, the email address...
Google Cloud Run Integrates NVIDIA L4 GPUs for Enhanced AI Inference Deployments
Luisa Crawford Aug 22, 2024 07:50 Google Cloud Run now supports NVIDIA L4 GPUs, NVIDIA NIM, and serverless AI inference deployments, optimizing performance and scalability for AI applications. Google Cloud Run...
Offering healthcare benefits can help MSMEs attract and retain top talent, ET BFSI
MSMEs struggle with a variety of issues because of lack of access to finance, technology and raw materials. Talent availability is also a problem, and one of the barriers in employee development and retention is the absence of health insurance coverage.“Historically,...
Fed steaming toward September rate cut, minutes from meeting show, ET BFSI
The Federal Reserve appears to be very much on track for an interest rate cut in September after a "vast majority" of officials said such an action was likely, according to the minutes of the U.S. central bank's July 30-31 meeting.The minutes, which were released on...
Inter-ministerial group to draw up MSME scheme, BFSI News, ET BFSI
NEW DELHI: The government has set up an inter-ministerial group to firm up the contours of the credit guarantee scheme for micro, small and medium enterprises (MSMEs) announced in the budget, officials said. The MSME ministry will move the scheme for the expenditure...
ECB’s Panetta: End of monetary restriction has already begun
ECB Governing Council member Fabio Panetta indicated today that the central has entered entering a phase of monetary easing following the rate cut in June. Speaking at an event, Panetta remarked, “The end of monetary restriction has already begun,” adding that...
Indian banks’ borrowings inching towards Rs 10 lakh crore amid credit-deposit gap, ET BFSI
Indian banks saw a significant increase in borrowing through market instruments, surpassing the Rs 9 lakh crore mark as of late July as they struggled to raise funds through deposits. According to data from the Reserve Bank of India (RBI), scheduled commercial banks,...
Microsoft Recall AI search for Windows Insiders releases in October
Microsoft Chair and CEO Satya Nadella speaks on the company's campus in Redmond, Washington, on May 20, 2024.Jason Redmond | AFP | Getty ImagesMicrosoft said Wednesday it will release its controversial Recall artificial intelligence search feature for Windows users to...
Bitfarms to Acquire Stronghold Digital Mining in $125 Million Deal
Iris Coleman Aug 21, 2024 17:42 Bitfarms will acquire Stronghold Digital Mining in a stock-for-stock merger valued at $125 million, expanding its energy portfolio significantly. Bitfarms Ltd. (Nasdaq/TSX: BITF),...
Using Form 8829 to Write-Off Business Use of Your Home
As a business owner, you can take advantage of deductions and write-offs to lower your tax liability when you file — but there are rules. If you use your home for business, you may be eligible for a deduction for the percentage of your home that you use exclusively as...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.1090; (P) 1.1112; (R1) 1.1151; More…. Intraday bias in EUR/USD remains on the upside for the moment. Firm break of 1.1138 resistance will target 161.8% projection of 1.0665 to 1.0947 from 1.0776 at 1.1232. On the downside, below 1.1071 minor...
RBI’s new guidelines may hit investments, growth, but bring transparency, ET BFSI
The Reserve Bank of India's (RBI) recent overhaul of regulations for Peer-to-Peer (P2P) lending platforms is poised to reshape the industry, potentially leading to a decline in new investments and subdued growth. However, lenders and borrowers might benefit from...
Harris CEOs pitch at DNC business policy
CHICAGO — Vice President Kamala Harris' allies in the business community are privately making a pitch to CEOs about why they should back her over former President Donald Trump, according to people familiar with the matter.At private parties and meetings during the...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2989; (P) 1.3020; (R1) 1.3067; More… Intraday bias in GBP/USD remains on the upside with focus on 1.3043 resistance. Decisive break there will resume whole rally from 1.2998 to 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is...
Tether (USDT) to Launch UAE Dirham-Pegged Stablecoin in Collaboration with Phoenix Group
Luisa Crawford Aug 21, 2024 18:16 Tether announces plans to introduce a stablecoin pegged to the UAE Dirham (AED), in partnership with Phoenix Group and Green Acorn Investments. Tether, the largest company in...
The curious case of banking sector performance, BFSI News, ET BFSI
The first quarter earnings season for fiscal year 2025 (Q1FY25) drew to an end. The financial results were quite lacklustre.The overall data from the Nifty 500 Index shows a year-over-year (YoY) revenue growth of 6.6%, an operating profit increase of 3.3% YoY, and a...
Lil Jon, Beyoncé, Taylor Swift, Dolly Parton
Lil Jon performs during the roll call on Day 2 of the Democratic National Convention (DNC) at the United Center, in Chicago, Illinois, U.S., August 20, 2024. Elizabeth Frantz | ReutersThe Democratic National Convention changed its tune this election year, getting...
USD/CHF Mid-Days Outlook – Action Forex
Daily Pivots: (S1) 0.8507; (P) 0.8572; (R1) 0.8605; More….. USD/CHF’s fall from 0.8747 is still in progress and intraday bias remains on the downside for retesting 0.8431. Firm break there will resume whole decline from 0.9223 towards 0.8332. On the upside, above...
L&T Finance partners with Cred to offer fast, unsecured personal loans, ET BFSI
L&T Finance has partnered with Cred to offer unsecured personal loans to Cred members who have high credit score and positive repayment history.L&T Finance (LTF) will be offering these loans with its co-lending partner Newtap Finance, a non bank finance...
Sunset Market Commentary – Action Forex
Markets The ‘waiting game’ continued today in Europe and at the onset of the US trading session, counting down in the first place to today’s BLS payrolls revisions and to the Minutes of the Fed July 31 policy meeting later today. Even the $16 bn sale of 20-y US...
ElevenLabs Launches Reader App in 32 Languages Globally
Rebeca Moen Aug 21, 2024 17:16 ElevenLabs' Reader App is now available worldwide on iOS and Android, supporting 32 languages and high-quality AI voices. ElevenLabs has announced the global launch of its Reader...
CFTC seeks to revoke registrations of Purvesh Mankad, CTAX Partners and CTAX Series
The Commodity Futures Trading Commission (CFTC) today announced it commenced actions to revoke the registrations of Purvesh Mankad, and his affiliated entities CTAX Partners, LLC and CTAX Series, LLC. The CFTC’s actions are based on the injunctions entered and...
Yen Heads for a New Round of Growth
Since the end of last week, the Yen has regained ground against the Dollar and the Euro in what looks like a new round of appreciation. So far, this seems to be an independent theme for the Yen’s rise, without any deterioration in sentiment in the equity and bond...
BitMEX Introduces DOGS Pre-Launch Futures Contracts with 2x Leverage
Tony Kim Aug 21, 2024 16:55 BitMEX has listed DOGSUSDTQ24, a pre-launch futures contract for DOGS memecoin on TON, offering up to 2x leverage. DOGS, the upcoming memecoin on the TON blockchain, is now available...
S&P Global Market Intelligence, ET BFSI
New Delhi [India], August 21 (ANI): The banking sector in India could face "significant" liquidity risks due to the ongoing widening gap between credit and deposit growth, said S&P Global Market Intelligence.The gap between credit growth and deposit growth at...
Barack Obama, Doug Emhoff, Michelle Obama headliners
[The stream is slated to start at 6:30 p.m. E.T. Please refresh the page if you do not see a player above at that time.]The second night of the convention is billed as a moment for the Democratic party to look forward into the future, after a chaotic summer that...
GAMEE Secures Investment from Pantera Capital to Boost TON Ecosystem Presence
Iris Coleman Aug 21, 2024 16:37 GAMEE, a subsidiary of Animoca Brands, receives investment from Pantera Capital to expand its presence on The Open Network (TON) via its viral game WatBird. GAMEE, the mobile...
US job growth revised down by -818k in largest payroll adjustment dince 2009
According to a report from the US Bureau of Labor Statistics, the economy created -818k fewer jobs than initially reported in the 12-month period through March 2024. This significant revision means that actual job growth was nearly -30% less than the originally...
Inflationary pressures are easing in Canada. Riksbank cut interest rate by 0.25% :: InvestMacro
By JustMarketsOn Tuesday, stocks in the US ended the session lower. The Dow Jones Index (US30) was down 0.15%, while the S&P 500 Index (US500) fell by 0.20%. The NASDAQ Technology Index (US100) closed negative 0.33%. Volatility increased ahead of the upcoming...
Rupee closes higher boosted by inflows, broadly weaker dollar, ET BFSI
The Indian rupee ended stronger on Tuesday, lifted by likely inflows and a slump in the dollar index that helped Asian currencies across the board.The rupee closed at 83.7925 against the U.S. dollar, up nearly 0.1% from its close of 83.87 in the previous session.The...
Soft-Landing, or No Soft-Landing, That Is the Question: Part III
Part III: A New Toolkit To Predict Soft-Landings, Stagflation and Recessions Summary In the third installment of this series, we introduce a probit framework to generate four-quarter-out probabilities of three scenarios: recession, stagflation and soft-landing....
Kamala Harris raises nearly $500 million
Democratic presidential candidate and U.S. Vice President Kamala Harris applauds as U.S. President Joe Biden speaks during Day one of the Democratic National Convention (DNC) in Chicago, Illinois, U.S., August 19, 2024. Mike Segar | ReutersVice President Kamala Harris...
New AI tools are coming to MyChart, Cosmos
Epic's Deep Space auditorium during UGM 2024.Courtesy: Epic SystemsIn an underground auditorium packed with thousands of health-care executives this week, Epic Systems CEO Judy Faulkner stepped on stage to deliver a keynote dressed like a swan, feathers and all.Even...
Precious Mettle :: InvestMacro
“The desire for gold is the most universal and deeply rooted commercial instinct of the human race.” – Gerald M. LoebGerald M. Loeb was a founding partner of the famous brokerage house E.F. Hutton, where he honed his skills as a Wall Street trader and investment...
VanEck’s Insights on Digital Assets: Market Observations and Analysis
Alvin Lang Aug 21, 2024 15:26 VanEck's Head of Digital Assets Research, Matthew Sigel, shares market insights and analysis on cryptocurrencies and digital asset technologies. VanEck's Head of Digital Assets...
Problems of over-lending in microfinance surface again, BFSI News, ET BFSI
The fault lines of overleveraging in microfinance has come to the fore again, a little over two years after the Reserve Bank of India brought out the uniform microfinance regulation trying to curb the possibility of it.Leaders in the microfinance sector pointed...
Bitcoins (BTC/USD) Steady Range: Mt Gox Impact and Future Outlook
Bitcoin prices are currently range-bound, the range between 56,561 and 61,750 is keeping both buyers and sellers cautious. Mt. Gox moved 13,265 Bitcoins totaling and estimated $780 million. The first major move by the bankrupt exchange since July 30. According to...
Blinken wraps up Mideast trip with Gaza deal still elusive
U.S. Secretary of State Antony Blinken speaks to the press, in Doha, Qatar, August 20, 2024. Kevin Mohatt | ReutersU.S. Secretary of State Antony Blinken sought during a whirlwind trip to the Middle East to inject urgency into efforts to broker a Gaza ceasefire deal,...
Trustly appoints Adam D’arcy as CPO
Trustly, Inc., a provider of open banking payments, today announced the appointment of Adam D’arcy as Chief Product Officer. Adam D’arcy Trustly looks to reinforce its product team by bringing on D’arcy to lead several upcoming product expansions for Open Banking...
Highest Fixed Deposit Rates: Private vs Public sector banks FD interest rates compared
Highest Fixed Deposit Interest Rates: Fixed deposits (FDs) offered by banks are secure and interest-generating investment options. With FDs, you can expect a guaranteed return on your invested funds, which remain unaffected by market fluctuations. This is the reason...
EUR/USD Outlook: Bulls Taking a Breather Under New 2024 High, Eye Fresh Signals from Fed
EURUSD reduced speed after steep rally in past three days which hit new 2024 top (1.1132) just ticks ahead of Dec 2023 top (1.1139). The single currency continues to benefit from risk appetite and weak dollar on Fed rate cut expectations, with release of FOMC minutes...
Binance to Delist Several Spot Trading Pairs Including ARKM/TUSD and CHZ/EUR
Ted Hisokawa Aug 21, 2024 14:21 Binance announces the removal of several spot trading pairs, including ARKM/TUSD and CHZ/EUR, effective August 23, 2024. Binance, a leading cryptocurrency exchange, has announced...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 144.53; (P) 145.94; (R1) 146.67; More… Intraday bias in USD/JPY remains mildly on the downside for the moment. Rebound from 141.67 could have completed at 149.35 after rejection by 38.2% retracement of 161.94 to 141.67 at 149.41. Deeper fall would...
Brent Oil Falters Amid Surprising Inventory Growth and Geopolitical Developments :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil has seen a decline to 77.07 USD a barrel on Wednesday, influenced by unexpected shifts in U.S. energy inventories and ongoing geopolitical developments. The analysis of Brent prices highlights key factors contributing...
Arizona, Montana abortion rights constitutional measures on ballots
Members of Arizona for Abortion Access, the ballot initiative to enshrine abortion rights in the Arizona State Constitution, hold a press conference and protest condemning Arizona House Republicans and the 1864 abortion ban during a recess from a legislative session...
Target CEO Brian Cornell weighs in on price gouging
There's no room for price gouging in a ultra-competitive business like retail, Target CEO Brian Cornell said on Wednesday.In an interview on CNBC's "Squawk Box," the retail chief disputed campaign talking points accusing grocers of inflating prices. He said retailers...
FDI inflows increase 26% in Q1 amid signs of pickup globally, BFSI News, ET BFSI
NEW DELHI: Foreign direct inflows went up 26.4% to $22.4 billion during April-June, marking the fastest pace of expansion in nearly five quarters, amid signs that cross-border investment is rising globally.Although gross inflows had gone up around 23% in the previous...
Hong Kong Monetary Authority Announces Tender Results for PBOC RMB Bills
Lawrence Jengar Aug 21, 2024 13:21 The Hong Kong Monetary Authority (HKMA) announced the results of the tenders for the People's Bank of China (PBOC) RMB Bills held on 21 August 2024. The Hong Kong Monetary...
GBP/USD Hits 1-Month High, UK PMIs Next
The British pound is showing limited movement on Wednesday, after a four-day rally in which it surged 1.7% against the retreating US dollar. GBP/USD is trading at 1.3047 in the North American session at the time of writing, up 0.1% on the day. All eyes on Jerome...
HKMA Warns Public About Fraudulent Websites and Phishing Messages Linked to Bank of China (Hong Kong)
Jessie A Ellis Aug 21, 2024 13:52 The Hong Kong Monetary Authority (HKMA) alerts the public about fraudulent websites and phishing messages linked to Bank of China (Hong Kong). The Hong Kong Monetary Authority...
Ford delays new EV plant, cancels electric three-row SUV
DETROIT – Ford Motor is delaying production of a next-generation all-electric pickup truck at a new plant in Tennessee and canceling plans for a three-row electric SUV, the company said Wednesday.Instead, Ford said it will prioritize the development of hybrid models,...
NinjaTrader names Tobin McDaniel its new President
Fintech platform for retail futures trading NinjaTrader today announced that Tobin McDaniel has joined the company as President. Tobin’s appointment is the latest in NinjaTrader’s wave of executive hires and reaffirms the company’s commitment to continue building a...
IMF executive director, ET BFSI
India's private sector needs to play its part to ensure a sustainable 8% real GDP growth, which would be key to achieve a $55 trillion economy by 2047, International Monetary Fund executive director Krishnamurthy Subramanian said.The economist has projected the Indian...
Bernie Sanders DNC speech contrast to Harris on liberal policies
Sen. Bernie Sanders, I-Vt., spent his primetime appearance at Tuesday night's Democratic National Convention laying out his own policy priorities — even ones that he knows diverge from Vice President Kamala Harris' campaign platform."We need to join the rest of the...
evfin partners with River Mobility to offer financing solutions, ET BFSI
evfin to offer River customers loans starting at a competitive interest rate.New Delhi: Greaves Finance Limited, a non-banking financial company (NBFC) and a subsidiary of Greaves Cotton Ltd., has partnered with Bengaluru-based startup River Mobility Private Ltd. to...
Dollar Continues to Struggle Amid Market Lull
The forex markets are experiencing a lull today, with little movement in the absence of significant economic releases during European and early US sessions. The much-discussed non-farm payroll revision and the release of FOMC minutes later today are unlikely to spark...
As strength training grows, Peloton and Planet Fitness shift focus
Shauntil Cox lifts weights with the help of her trainer, Deano Troost, at a Planet Fitness in New Caney, Texas, on Sept. 19, 2023.Jason Fochtman | Houston Chronicle | Hearst Newspapers | Getty ImagesA growing share of gym users is looking to build muscle, leading...
Pet Odor Product Continues to Be Lucrative for Clean Tech Co. :: InvestMacro
Source: Streetwise Reports (8/19/24)Clean technology company BioLargo Inc. (BLGO:OTCQX) continues to see rising revenues with strong year-over-year and quarter-over-quarter growth, an analyst wrote in an updated research note on Friday.The company this week announced...
Aditya Birla Finance and AU Small Finance Bank Launch Co-branded Credit Cards with Significant Reward Benefits for Customers, ET BFSI
NewsVoirMumbai (Maharashtra) [India], August 21: Aditya Birla Finance Limited ("ABFL"), a wholly owned subsidiary of Aditya Birla Capital, India's leading financial services conglomerate and AU Small Finance Bank Limited (SFB), India's largest small finance bank, has...
BTTC Empowers Democratic Voting with New Smart Contract
Ted Hisokawa Aug 21, 2024 12:49 Explore the innovative voting smart contract on BitTorrent Chain (BTTC), designed to enhance transparency and security in elections. BitTorrent Inc. has unveiled a new voting...
WTI Outlook: Bears Taking a Breather After the Latest Acceleration
Bears are taking a breather after the latest bearish acceleration in past three days (oil price was down 5%) deflated by easing tensions in the Middle East and rise in US crude stocks (API report). Oversold daily studies and Tenkan-Kijun-sen turned sideways,...
Obama praises Kamala Harris and Biden, blasts Trump
Former President Barack Obama on Tuesday night told the Democratic National Convention that "America is ready for a new chapter" and "we are ready for President Kamala Harris.""And Kamala Harris is ready for the job," said Obama, who preceded the vice president's...
TJX Companies (TJX) earnings Q2 2025
TJX Companies raised its full-year guidance on Wednesday after posting another quarter of strong sales, but its outlook still fell just short of Wall Street's expectations.The discounter behind Marshalls, HomeGoods and TJ Maxx is now expecting full-year earnings to be...
Euro Drifting as Investors Eye Fed Minutes
The euro is calm on Wednesday after an impressive 3-day rally which saw EUR/USD jump 1.4%. Will the upswing continue? In the European session, EUR/USD is trading at 1.1220 at the time of writing, down 0.08% on the day. ECB likely to lower rates in September despite...
Blockchain startup Story raises funds from a16z to stop IP theft by AI
Generative AI models require huge amounts of training data to enable their systems to produce advanced outputs. But the data that goes into them is often from sources where copyright restrictions are in place.Cfoto | Future Publishing | Getty ImagesSan-Francisco-based...
Bitfarms to acquire Stronghold Digital Mining
Bitfarms Ltd, a Bitcoin data center company, and Stronghold Digital Mining, Inc have entered into a definitive merger agreement under which Bitfarms will acquire Stronghold in a stock-for-stock merger transaction. The transaction is valued at approximately US$125...
NRI deposits surge $4 billion in Q1 in contrast with a 24% drop in outward remittances, ET BFSI
Overseas Indians deposited approximately $4 billion into non-resident Indian (NRI) deposit schemes between April and June FY25, representing a significant 79% increase compared to the same period last year, as per data from the Reserve Bank of India (RBI) released on...
Judge strikes down Biden administration ban on worker ‘noncompete’ agreements
U.S. President Joe Biden speaks to the media after the Democratic National Convention (DNC) in Chicago, Illinois, U.S. August 20, 2024. Craig Hudson | ReutersA federal judge in Texas on Tuesday barred a U.S. Federal Trade Commission rule from taking effect that would...
India Leverages NVIDIA AI to Automate Tollbooth Operations, Reducing Traffic Congestion
Caroline Bishop Aug 21, 2024 11:54 India implements NVIDIA AI to automate tollbooths, aiming to reduce traffic congestion and improve efficiency across the country's extensive road network. India, home to the...
How macroeconomic indicators performed in July 2024?, ET BFSI
The full Union Budget 2024 was released on 22nd July, and the day before India’s Economic Survey forecasted the GDP growth at 6.5-7 per cent. Retail Inflation in India decreased to 5.4 per cent in FY24 to 6.7 per cent in FY23, the current account deficit also improved...
EURUSD Bulls Stay in Charge
EURUSD extends rally, hits 1.1130 But oscillators point to fading momentum A setback may be possible before the next leg north EURUSD has been in a steady rally since August 15, when it hit support at 1.0950, and it is currently testing the key resistance zone of...
Top global ranking for RBI governor recognition of his leadership: PM Modi, ET BFSI
New Delhi, Prime Minister Narendra Modi on Wednesday congratulated RBI Governor Shaktikanta Das on receiving top rating in a global ranking of central bankers, lauding it as a recognition of his leadership. He said on X, "Congratulations to RBI Governor Shri...
AI pioneers want bots to replace human teachers – here’s why that’s unlikely :: InvestMacro
By Annette Vee, University of Pittsburgh OpenAI co-founder Andrej Karpathy envisions a world in which artificial intelligence bots can be made into subject matter experts that are “deeply passionate, great at teaching, infinitely patient and fluent in all of the...
CCI clears Rs 4,630 cr deal between Warburg Pincus, Shriram Housing Finance, ET BFSI
The Competition Commission of India (CCI) has cleared Warburg Pincus' acquisition of Shriram Housing Finance through its affiliate Mango Crest Investment. The deal value was earlier pegged at Rs 4,630 crore.In a statement on Tuesday, the antitrust regulator said the...
Gold Bulls May Rest after Record High
Gold pulls below record high; might give up more ground Market trend stays positive as long as price holds above 2,463 Gold lost momentum after unlocking an all-time high of 2,531 on Tuesday near the rising constraining line drawn from July’s low, but it maintained...
Macy’s (M) Q2 2024 earnings
Macy's cut its full-year sales forecast Wednesday, as the department store operator said it is contending with selective shoppers and more promotions.The retailer posted a mixed quarter, as it topped Wall Street's earnings expectations but missed on revenue.Macy's...
Former Trump backers backing Harris explain why
Former Trump White House Press Secretary Stephanie Grisham speaks during Day 2 of the Democratic National Convention (DNC) in Chicago, Illinois, U.S., August 20, 2024. Mike Segar | ReutersThree Republicans took the Democratic National Convention stage on its second...
The Role of Hashes in Web3 Technology
Caroline Bishop Aug 21, 2024 10:16 Explore the importance of hashes in Web3, ensuring data integrity, security, and efficiency in blockchain technology. Hashes, often described as digital fingerprints, are...
Gala Games Issues Community Warning Amid Rising Scams
Rongchai Wang Aug 21, 2024 10:46 Gala Games warns its community about increasing scams targeting digital communities, highlighting the importance of vigilance and robust security practices. Gala Games has issued...
GST sleuths tracking merchants skipping tax via digital payments, ET BFSI
The rapid growth of digital payments has also increased the scrutiny of online merchants due to a spike in cases of tax evasion, people aware of the development told ET.The Directorate General of Goods and Service Tax Intelligence (DGGI) is working closely with...
CMA closes existing Competition Act cases into Google’s Play Store and Apple’s App Store
The UK Competition and Markets Authority (CMA) has closed its existing Competition Act cases into Google’s Play Store and Apple’s App Store as it plans for the roll out of the new digital markets competition regime. While the CMA has not taken any decisions on what...
SEBI announces expansion to its sustainable finance framework, ET BFSI
The Securities and Exchange Board of India (SEBI) has announced a significant expansion to its sustainable finance framework.It has unveiled plans to introduce a range of new financial instruments including Social Bonds, Sustainable Bonds, and Sustainability-linked...
What is Hard Fork in Blockchain & How Does it Work?
The concept of forks in blockchain technology is quite common and widely used. Fork basically involves copying the code and changing it for the purpose of creating a new version or software. Now that you have an insight into – ‘What is a fork in blockchain?’ It is...
US Dollar Extends Losses, Gold Shines
There was no major news on the wire to trigger the minor selloff in global equities, so it was nothing else than a correction after a long rally following an ugly meltdown. As such, the S&P500 and Nasdaq were slightly down, by around 0.20% each, the European Stoxx...
China calls EU tariffs on EVs unfair, says it will defend industry
An aerial view of new BYD electric cars to be exported on a dock in Yantai in east China's Shandong province. Tang Ke | Future Publishing | Getty ImagesThe Chinese government on Wednesday hit out at the European Union over tariffs on electric vehicle imports, after...
Michelle Obama: Trump DNC speech
Former First Lady Michelle Obama directly challenged former President Donald Trump over his decade-long effort to vilify the Obamas in her speech at the Democratic National Convention in Chicago on Tuesday."Donald Trump did everything in his power to try to make...
Payrolls Revision Flagged as Potential Gamechanger
Markets The recent comeback momentum on US stock markets stalled yesterday with main US benchmarks suffering minor losses (-0.25%) following an astonishing rally over the past two weeks. Other directional trades continued. US Treasuries outperformed German Bunds with...
Cantor Fitzgerald to pay $100k fine for alleged FINRA rule violations
Cantor Fitzgerald & Co has agreed to pay a fine of $100,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From July 2017 through May 2019, Cantor Fitzgerald acted as a market-maker in OTC securities, including securities...
General Atlantic set to sell up to 5.1% stake in PNB Housing via open market on Wednesday, ET BFSI
Mumbai: General Atlantic is set to sell up to a 5.1% stake in PNB Housing Finance through an open market transaction on Wednesday. According to a term sheet issued by IIFL Securities, General Atlantic Singapore Fund FII Pte will sell 1.33 crore shares at a floor price...
Japan joins India in calling out cross-border terror & terror finance, ET BFSI
India and Japan on Tuesday explored the possibility of coordinating respective security strategies and development assistance where mutual interests converge for “free, open and rules-based Indo-Pacific” and emphasised that both are resolute in their opposition to...
Sesame to offer compounded Wegovy through weight loss program
Health-care marketplace Sesame on Wednesday announced a new clinical weight loss program that will help eligible consumers access compounded versions of Novo Nordisk's blockbuster obesity drug Wegovy for $249 per month.Sesame allows patients to book and pay for...
Staking and Liquid Staking on Sui: A Comprehensive Guide
Iris Coleman Aug 21, 2024 09:55 Learn how to stake and utilize liquid staking on the Sui network. Understand the process, benefits, and how to get started. Staking plays a crucial role in the proof-of-stake...
USDJPY Rises But Still in Negative Territory
USDJPY remains below 200-day SMA and uptrend line RSI ticks higher reflecting the latest move USDJPY is gaining some ground after three consecutive red days and losing around 3% from the 149.50 resistance level. The market has been trading beneath the long-term...
Biden Obama DNC few mentions Day 2 Harris
Former U.S. President Barack Obama speaks on stage during the second day of the Democratic National Convention at the United Center on August 20, 2024 in Chicago, Illinois.Justin Sullivan | Getty ImagesAfter an opening night that was dedicated to thanking President...
HK regulator warns against “ICE Global Professional Station”
The Securities and Futures Commission (SFC) of Hong Kong today warned the public of a suspicious access link through which investors can gain access to the mobile application of “ICE Global Professional Station”. ICE Global Professional Station, which claims to be a...
HDFC Bank taps retail bankers as wealth managers amid talent crunch, ET BFSI
Mumbai-based HDFC’s wealth business has about 800 relationship managers serving customers in about 100 cities and townsHDFC Bank Ltd.’s wealth management business is looking to retail bankers to help cover its wealthy clients amid an industrywide talent...
Indians may need to get over a tax headache to secure their health, ET BFSI
New Delhi: When Indian parliamentarians from opposition parties demanded Finance Minister Nirmala Sitharaman to consider waiving off the Goods and Services Tax imposed on life and health insurance policies, she raised some factors associated with the taxes."I want to...
NZDUSD Hits Fresh 2-month High
NZDUSD stages a V-shaped recovery from 2024 low The pair jumps above 200-day SMA to its highest since June 14 Oscillators improve notably, suggesting increasing bullish bias NZDUSD has been steadily regaining ground since the beginning of the month after finding its...
NVIDIA GH200 Superchip Revolutionizes Apache Spark with Unprecedented Efficiency
Terrill Dicki Aug 21, 2024 08:49 NVIDIA's GH200 Superchip enhances Apache Spark performance with 35x faster query responses and up to 22x fewer nodes, significantly reducing energy consumption. As the growth of...
P2P platforms taking on the lender role led RBI to read the riot act, ET BFSI
MUMBAI: The Reserve Bank of India's (RBI) tightening of norms for P2P lenders comes after several of them were found to be having hundreds of crores of rupees in escrow accounts in violation of guidelines for the platform providers, said people familiar with the...
Ukraine carries out one of largest-ever drone attacks on Moscow
Ukrainian soldiers prepare a vehicle adapted to fire helicopter shells as the Russia-Ukraine war continues in the direction of Toretsk, Ukraine, Aug. 19, 2024. Anadolu | Anadolu | Getty ImagesUkraine carried out one of the largest-ever drone attacks against Moscow on...
Beyoncé launches whiskey line with LVMH’s Moët Hennessy
Moët Hennessy SirDavis American Whisky.Courtesy: Moët HennessyBeyoncé is holding her whiskey up high.The megastar is entering the luxury liquor business with the launch of a new whiskey line in collaboration with LVMH's Moët Hennessy, the brand announced in a press...
Instant payments go live in Switzerland
Instant payments were launched in Switzerland on 20 August 2024. Around 60 financial institutions are now able to receive and process instant payments, covering more than 95% of Swiss retail payment transactions. By end-2026 at the latest, all financial institutions...
Reforming Delivery in the Financial Services Sector, ET BFSI
Pranesh K Babu, Global Practise Head – Network Managed Services, Sify Technologies Limited Nowadays, where digital transformation has become a mandatory part of every business operation, banks are also on a steady path to building a strong digital ecosystem with...
XAU/USD Outlook: Gold Price Consolidating Under New Record High, Ahead FOMC Minutes
Gold keeps firm tone and consolidating under new record high ($2531) posted on Tuesday, with third consecutive daily close above $2500 level, pointing to clear break. The yellow metal holds in a steep multi-month uptrend and has registered gains of nearly 22% since...
Fed officials uneasy about job market as they get ready for Jackson Hole, ET BFSI
Federal Reserve officials gathering at the annual central banking conference in Jackson Hole, Wyoming, this week can take some satisfaction that the U.S. unemployment rate, at 4.3%, remains low by historical standards.But it usually is: The U.S. experience of...
No plan to probe Madhabi Puri Buch over Hindenburg row, says FinMin official, ET BFSI
New Delhi: The finance ministry has no plan as of now to set up any panel to look into US-based short-seller Hindenburg Research's allegations against Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch, an official said.Earlier this month,...
FX option expiries for 21 August 10am New York cut
There is just one to take note of on the day, as highlighted in bold.That being for EUR/USD at the 1.1100 level. There has been expiries here all through the week and the ones today will still have some slight influence on price action. For one, it could act as a bit...
Target (TGT) Q2 2024 earnings
A Target store stands in Manhattan, New York City, on March 5, 2024.Spencer Platt | Getty ImagesTarget will report quarterly earnings on Wednesday as the retailer tries to make a comeback from a prolonged period of weaker sales and profits.Here is what Wall Street...
Harris’ record shows she would prioritize the Indo-Pacific: CFR expert
U.S. Vice President Kamala Harris and Philippines President Ferdinand Marcos Jr., along with their partners, meet at the Vice President's residence in Washington, DC, U.S., on Tuesday, May 2, 2023.Bloomberg | Bloomberg | Getty ImagesVice President Kamala Harris would...
Dollar Stays Pressured, NFP Revisions and FOMC Minutes Unlikely Change Its Course
Dollar remains under broad-based selling pressure, with markets likely to keep this trend until Fed Chair Jerome Powell delivers his speech at the Jackson Hole Symposium on Friday. While today’s events, including the non-farm payroll revision and the release of FOMC...
Offchain Labs Unveils Arbitrum Roadmap to Boost Blockchain Innovation
Tony Kim Aug 21, 2024 07:25 Offchain Labs has released its technical roadmap for Arbitrum, focusing on scalability, decentralization, and developer experience to drive blockchain adoption. Offchain Labs has...
NZ regulator confirms Du Val placed in statutory management
The Financial Markets Authority (FMA) of New Zealand today confirmed that a number of entities within the Du Val group were placed in statutory management under the terms of the Corporations (Investigation and Management) Act 1989 (the Corporations Act). Statutory...
THORChain (RUNE) Prepares for September 2024 Hard Fork
THORChain is set to undergo a hard fork on September 4, 2024, at 4pm UTC, bringing several upgrades and planned downtime. (Read More)
Aye Finance raises about $25 million from Goldman Sachs (India) Finance, ET BFSI
Kolkata: British International Investment-backed Aye Finance has raised about $25 million from Goldman Sachs (India) Finance, the non-banking unit of Goldman Sachs in India, in a securitisation deal.The deal, valued Rs 212 crore in local currency, was announced...
RBI Governor Shaktikanta Das, ET BFSI
India’s inflation must show signs of settling around the central bank’s target of 4% on a sustainable basis before a rate cut can be considered, Reserve Bank of India Governor Shaktikanta Das said.“We are completely focused on inflation, we are keeping a close eye on...
Mynaric MYNA stock tanks after slashing revenue guidance, CFO exit
A rendering of the company's laser communications system on satellites in orbit.MynaricSpace stock Mynaric tanked in trading Tuesday after the company announced heavy cuts to its previous revenue forecast and the departure of the company's chief financial...
Meet the Illinois lawmaker organizing big money House fundraiser
Rep. Raja Krishnamoorthi, D-Ill., questions witnesses during a House Intelligence Committee impeachment inquiry hearing in Washington, D.C., U.S., on Tuesday, Nov. 19, 2019.Jacquelyn Martin | AP | Bloomberg via Getty ImagesCHICAGO — Rep. Raja Krishnamoorthi, D-Ill.,...
Australian Dollar’s Rally Runs Out of Steam
The Australian dollar has steadied after pummeling the US dollar over the past two sessions. AUD/USD is trading at 0.6729 in the European session, down 0.04% on the day at the time of writing. RBA minutes: Rates will remain steady The RBA minutes from the meeting...
Amazon-backed Anthropic hit with class-action lawsuit over copyright infringement
Anthropic, the Amazon-backed artificial intelligence startup, on Monday was hit with a class-action lawsuit in California federal court over alleged copyright infringement. Three authors said in the filing that Anthropic "built a multibillion-dollar business by...
Banks’ borrowings cross ₹9 lakh crore as credit growth outshines deposits, ET BFSI
Mumbai: Bank borrowing through market instruments has climbed to its highest levels, racing past ₹9 lakh crore and drawing the regulator's attention, as a persistently faster growth rate for credit over deposits compels lenders to rely on alternative fundraising...
OpenAI announces content deal with Condé Nast
OpenAI CEO Sam Altman speaks at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Stefan Wermuth | Bloomberg | Getty ImagesOpenAI on Tuesday announced a partnership with Condé Nast, in which the Microsoft-backed artificial intelligence company's...
Brent Crude – Oil Slides Into Key Support as Geopolitical Risk Takes a Backseat
Brent crude oil prices continue to fall amidst rumors of a Middle East deal and increased production in Libya. US crude stockpiles are expected to have decreased, and insights from the Jackson Hole symposium could impact oil prices. Technicals point to a key support...
SEC charges Equiniti Trust with failing to protect client funds against cyber intrusions
The Securities and Exchange Commission (SEC) today announced settled charges against New York-based registered transfer agent Equiniti Trust Company LLC, formerly known as American Stock Transfer & Trust Company LLC, for failing to assure that client securities...
Harley-Davidson drops diversity efforts after online pressure
Harley-Davidson is dropping some of its diversity, equity and inclusion efforts, according to a statement released Monday on social media site X.The motorcycle company said it has stopped consulting the Human Rights Campaign's metric for treatment of LGBTQ+ employees,...
Banks tapping alternative sources as deposit growth slows: RBI, ET BFSI
Mumbai, Banks are tapping alternative sources like commercial paper and certificates of deposit as deposit growth lags credit growth, RBI August Bulletin said on Monday. In the primary market, certificates of deposit (CD) issuances amounted to Rs 3.49 lakh crore...
Why Do Oil Prices Post Notable Losses?
Oil prices have decreased lately as a result of various crucial factors Technical Outlook confirms bearish structure Global economic concerns The global economy is encountering substantial difficulties, especially in prominent economies such as China and Europe....
Shein sues Temu over copyright infringement, trade secret theft
Shein and Temu.Yuki Iwamura | Bloomberg | Stefani Reynolds | AFP | Getty ImagesChinese-linked fast fashion giant Shein is suing rival Temu, alleging the retailer stole its designs and built an empire using counterfeiting, intellectual property infringement and...
NFA fines Ikigai Strategic Partners and its principal Anthony Robert Emtman
The US National Futures Association (NFA) has ordered Ikigai Strategic Partners LLC, an NFA Member commodity pool operator located in Rio Grande, Puerto Rico, and Anthony Robert Emtman, a principal and associated person of Ikigai Strategic, to jointly pay a $150,000...
RBI Governor Shaktikanta Das ranked top central banker globally for second year in a row, ET BFSI
NEW DELHI: The Reserve Bank of India on Tuesday announced that the RBI Governor Shaktikanta Das has received an "A+" rating in the Global Finance Central Banker Report Cards 2024 for the second consecutive year.According to a statement released by the Global Finance...
EUR/USD Holds Near Seven-Month High Amid Speculation on Fed Rate Cuts
Euro/dollar maintains its position close to a seven-month peak, trading at 1.1077 on Tuesday. The US dollar’s weakening continues, largely driven by market expectations of an imminent interest rate cut by the US Federal Reserve next month. Attention is also geared...
Federal Bank, BFSI News, ET BFSI
Deposit growth is the Indian banking sector’s biggest challenge as customers choose from an increasingly diverse range of investment alternatives, according to Shalini Warrier, retail business head at Federal Bank Ltd. “There is no silver bullet for this,” Warrier...
Canada’s CPI slows to 2.5% in Jul, CPI common down to 2.2%
Canada’s CPI slowed to 2.5% yoy in July, down from 2.7% yoy in June, aligning with market expectations. This marks the slowest pace of inflation since March 2021. According to Statistics Canada, the deceleration in headline inflation was broad-based, with lower prices...
Ethereum (ETH) Struggles as Outflows Increase, Lagging Behind Bitcoin (BTC)
Lawrence Jengar Aug 20, 2024 16:45 Ethereum ETFs face significant outflows, contributing to ETH's underperformance compared to Bitcoin. Market trends and economic factors will play a crucial role in future dynamics. ...
Waymo has doubled its weekly paid robotaxi trips to 100,000 since May
A Waymo autonomous self-driving Jaguar taxi drives along a street on March 14, 2024 in Los Angeles, California. Mario Tama | Getty ImagesWaymo is now providing more than 100,000 paid robotaxi rides per week in the US, according to a LinkedIn announcement by its co-CEO...
RFK Jr. campaign eyes joining forces with Trump, Nicole Shanahan says
Vice Presidential candidate Nicole Shanahan speaks during a rally for Independent presidential candidate Robert F. Kennedy Jr. on May 13, 2024 in Austin, Texas. Sergio Flores | AFP | Getty ImagesThe independent presidential campaign of Robert F. Kennedy Jr. is...
Yes Bank appoints Sumit Bali to head its retail business, BFSI News, ET BFSI
Bali has almost three decades of experience in retail banking, and worked at Kotak Mahindra Bank before joining Axis Bank, where he worked in multiple rolesBy Ashwin Manikandan and Siddhi NayakBENGALURU/MUMBAI: Indian private lender Yes Bank has appointed veteran...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 145.17; (P) 146.62; (R1) 148.04; More… As noted before, USD/JPY’s rebound from 141.67 could have completed at 149.35 after rejection by 38.2% retracement of 161.94 to 141.67 at 149.41. Intraday bias stays mildly on the downside for retesting 141.67...
CFTC orders Get Money Tradez, its managing member to pay over $520,000 for fraud violations
The Commodity Futures Trading Commission (CFTC) today issued an order simultaneously filing and settling charges against Get Money Tradez LLC (GMT), and its managing member, Jeffrey Carmon, Jr. a/k/a Jeffery Carmon, Jr. The order finds the respondents violated...
GMC targets electric truck leadership against Tesla, Ford, Rivian
2024 Sierra EV Denali Edition 1Source: General MotorsMILFORD, Mich. — General Motors' premium GMC brand wants to become the leader in all-electric truck sales for U.S. consumers as it launches its new electric Sierra pickup.The Sierra EV joins electric versions of the...
IndusInd Bank gets RBI nod to set up mutual fund asset management business, ET BFSI
IndusInd Bank has received the Reserve Bank of India’s (RBI’s) nod to set up a mutual fund asset management business. It will be a wholly-owned subsidiary, the bank said in its filing to the exchanges on Monday.RBI has also allowed the private sector lender to infuse...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8604; (P) 0.8641; (R1) 0.8666; More….. USD/CHF’s break of 0.8616 support should indicate that rebound from 0.8431 has completed at 0.8747, after rejection by 38.2% retracement of 0.9223 to 0.8431 at 0.8734. Intraday bias is back on the downside...
Gala Games Announces Starlight Picnic Competition with $GALA Prizes
Joerg Hiller Aug 20, 2024 03:36 Gala Games kicks off Starlight Picnic competition in Common Ground World, offering $GALA rewards and exclusive NFTs. Gala Games has announced a new competition within its popular...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2951; (P) 1.2974; (R1) 1.3013; More… GBP/USD’s rally from 1.2664 continues today and intraday bias stays on the upside for retesting 1.3043. Firm break there will resume whole rally from 1.2998 to 61.8% projection of 1.2298 to 1.3043 from 1.2664...
Bank of Baroda pips PSB peers to bag ₹5,000-crore SAIL loan, ET BFSI
Mumbai: Bank of Baroda (BoB) has pipped larger public and private sector lenders in a keenly contested ₹5,000 crore loan deal for state-owned steelmaker SAIL.BoB's bid at 7.49% for a five-year loan was the lowest and linked to the 364-day treasury bill, people...
EUR/USD Holds Near Seven-Month High Amid Speculation on Fed Rate Cuts :: InvestMacro
By RoboForex Analytical DepartmentEuro vs dollar maintains its position close to a seven-month peak, trading at 1.1077 on Tuesday. The US dollar’s weakening continues, largely driven by market expectations of an imminent interest rate cut by the US Federal Reserve...
EigenDA Unveils New Pricing Model to Enhance Data Availability
Terrill Dicki Aug 20, 2024 04:14 EigenDA announces a 10x reduction in pricing and introduces a free tier, making data availability more accessible. EigenDA, a leading provider of decentralized data availability...
USD/CAD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.3614; (P) 1.3650; (R1) 1.3670; More… USD/CAD’s fall from 1.3946 is still in progress and intraday bias stays on the downside for 1.3588 structural support. Strong support could be seen from there to bring reversal. On the upside, above 1.3684 will...
Banks offering cheapest interest rates on gold loans, ET BFSI
Gold loans have grown in popularity due to its numerous perks. With a gold loan, which is a secured loan, you can use the value of your gold jewelry or ornaments as collateral to get money. It's an easy and quick option to obtain liquidity without sacrificing the...
Sunset Market Commentary – Action Forex
Markets Markets took a breather today during the European session. The dollar (DXY) yesterday closed below 102 for the first time since early January and remains stuck there. The greenback even extends losses as US investors enter the market. European stock markets...
Admirals makes currency conversion fee visible on MT5 platform
Retail FX and CFD broker Admirals today announced an update to its MetaTrader 5 (MT5) platform that enhances the way it displays the currency conversion fees. Here’s the essential information: No new fees: Admirals have not introduced any new charges. Improved...
Ethereum (ETH) Underperforms Amid ETF Struggles and Market Dynamics
Rongchai Wang Aug 20, 2024 04:47 Ethereum ETFs face significant outflows and underperform compared to Bitcoin ETFs, influenced by aggressive market activities and macroeconomic factors. Ethereum (ETH) continues...
Bharat Bandh on August 21; are banks, post offices open tomorrow?, ET BFSI
In response to the recent verdict on SC/ST reservations by the Supreme Court, the Reservation Bachao Sangharsh Samiti has called for a Bharat Bandh on August 21, 2024. There will likely be a large turnout for the bandh, which has the backing of Rajasthan's SC/ST...
Dollar on the Edge – Action Forex
The US dollar has fallen to its lowest levels of the year, losing more than 2.3% from its August peak and around 4% since early July as expectations of a Fed rate cut in September began to be priced in. The dollar index has retreated to 101.7, reflecting growing...
BNB Incubation Alliance Showcases Promising Blockchain Projects at Bitcoin 2024 and EthCC
Luisa Crawford Aug 20, 2024 05:19 BNB Chain's Incubation Alliance highlighted early-stage blockchain projects at Bitcoin 2024 in Nashville and EthCC in Brussels, emphasizing support for startups. The BNB Chain...
Can Boeing Recover? Analyzing the Company’s Path to Profitability :: InvestMacro
By The Ino.com TeamSince the start of 2024, aerospace giant The Boeing Company (BA) has faced a turbulent ride, with its stock plummeting over 30%. The decline was primarily triggered by heightened regulatory scrutiny following a severe safety incident involving one...
Canadian Inflation Eases Further Towards BoC’s Target
Headline CPI inflation edged lower in July to 2.5% year-on-year (y/y), right on consensus expectations. This was the lowest reading since March 2021. The deceleration was driven by base year effects (lower price growth relative to last July) for items like travel...
Shriram Finance in talks with climate-based funds to raise capital for EV financing, ET BFSI
Mumbai: Shriram Finance, the country’s largest auto-focused, non-bank lender, has begun an initial round of discussions with climate focused private equity funds to raise capital for financing electric vehicles. Currently, the share of EVs in the Rs2.33 lakh crore...
Taiko and Stargate Finance Collaborate for DeFi Season Finale
Timothy Morano Aug 20, 2024 05:37 Taiko, in collaboration with Stargate Finance and other DeFi protocols, launches a special Trail to conclude Season 1 of Trailblazer, starting August 19, 2024. Taiko has...
PBoC expectedly left rates unchanged. Bitcoin returned to the $60,000 mark :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index was up 0.58%, while the S&P 500 (US500) Index increased by 0.97%. The NASDAQ Technology Index (US100) closed positive 1.39%. That day, dovish Fed comments drove bond yields lower and supported equities....
Corporate capex to increase led by infra financing, says RBI study, ET BFSI
Rising domestic demand and capacity utilisation, improved profitability of corporates, sustained credit demand, business optimism and government’s thrust on infrastructure development, is likely to increase the pipeline for project finance. An article in the Reserve...
Canadian Dollar Slips as CPI Solidifies Case for BoC Sep Cut, Gold Marches On
Canadian Dollar has come under broad pressure in the early US session following the release of the latest inflation data, which showed a further slowdown in inflation, with headline CPI fell to a 40-month low and core measures also easing. This set of data has...
Check which bank is offering lowest car interest rates, ET BFSI
The majority of car buyers finance their purchase with a loan. Having a comfortable car gives you a sense of security and safety, especially on regular commutes. Thanks to low interest rates on auto loans, it's easier than ever to acquire a car. Loan interest rates in...
India cenbank chief urges banks to monitor credit-deposit gap to avoid liquidity issues, ET BFSI
MUMBAI - Indian banks need to carefully monitor the gap between credit and deposit growth to avoid a potential structural liquidity issue, the governor of the Reserve Bank of India (RBI) said on Tuesday."Young Indians are aspirational. They get attracted to different...
State Street to collaborate with Taurus on full service digital platform for institutional investors
State Street Corporation (NYSE:STT) and Taurus SA, a a provider of digital asset infrastructure, today announced a strategic agreement that will deliver trusted and reliable digital assets capabilities for State Street Bank and Trust Company clients. The agreement...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.1043; (P) 1.1064; (R1) 1.1107; More….. Intraday bias in EURUSD remains on the upside for the moment. Current rise should target 1.1138 resistance, and then 161.8% projection of 1.0665 to 1.0947 from 1.0776 at 1.1232. On the downside, below 1.1029...
Binance to Support Cosmos (ATOM) and Kadena (KDA) Network Upgrades and Hard Forks
Iris Coleman Aug 20, 2024 06:18 Binance announces support for upcoming Cosmos (ATOM) and Kadena (KDA) network upgrades and hard forks, ensuring a seamless user experience. Binance, one of the world’s leading...
Who is Mike Lynch, UK tech entrepreneur missing in superyacht sinking?
Mike Lynch, 59, is the founder of enterprise software firm Autonomy. He was acquitted of fraud charges in June after defending himself in a trial over allegations that he artificially inflated Autonomy's value in an $11.7 billion sale to tech giant Hewlett...
Revival in overseas fundraising by Indian companies reflects shifting domestic credit market dynamics: RBI Bulletin, ET BFSI
Indian companies are increasingly turning to overseas markets for fundraising, driven by heightened international investor interest, improving liquidity conditions, and reduced hedging costs, the Reseve Bank of India (RBI) said in its monthly bulletin on Monday. This...
Mynd IFSC launches M1NXT in GIFT City to push trade finance, BFSI News, ET BFSI
Delhi/ Gandhinagar, 20th August: Mynd IFSC Pvt. Ltd. has received permission from International Financial Services Centres Authority (IFSCA) for commencement of commercial operations of its International Trade Financing Services (ITFS) Platform.Mynd IFSC Pvt Ltd, a...
Bundesbank expects temporary inflation rise, sees modest economic expansion ahead
In its latest monthly report, Bundesbank cautioned that inflation is expected to “temporarily increase” towards the end of the year. This uptick is anticipated as the currently negative inflation rates for energy turn positive, and the depressed profit margins for...
ASX lists deliverable Wallumbilla Natural Gas Futures contract
ASX has expanded its energy derivatives market presence, listing the physically settled Wallumbilla Natural Gas Futures contract for trading this week. Jointly developed with the Australian Energy Market Operator (AEMO), the contract is the latest addition to ASX’s...
Binance Futures Introduces VOXEL Perpetual Contract With 50x Leverage
Tony Kim Aug 20, 2024 09:11 Binance Futures is set to launch the VOXELUSDT Perpetual Contract with up to 50x leverage, expanding trading options for users. Binance Futures is poised to enhance its trading...
The Sweet Soft-Landing Spot – Action Forex
The week kicked off on a positive note on expectation that when Federal Reserve (Fed) Chair Jerome Powell speaks at the Jackson Hole meeting on Friday, he will deliver a strong hint that the rate cuts will begin soon in the US. How soon ? Probably in September? By how...
Small ticket business loans driving Shriram Finance’s MSME growth, ET BFSI
Mumbai: Non-banking finance company Shriram Finance Ltd expects its strong growth in the micro and small enterprises to continue due to demand for small ticket loans from entrepreneurs even as its main commercial vehicle business has undergone a change with...
India a bright spot, to remain fastest-growing major economy this year: Report, ET BFSI
Mumbai, Despite global macro-economic conditions, India continues to remain a bright spot and is expected to be the fastest-growing major economy this year, a report showed on Tuesday.The country has become the fifth-largest economy in the world, and is set to be...
PayPal expands partnership with Adyen
PayPal Holdings, Inc. (NASDAQ:PYPL) today announced the strengthening of its global partnership with financial technology platform Adyen. Within the expanded partnership, Adyen will offer Fastlane by PayPal to accelerate guest checkout flows for its enterprise and...
BNB Chain Introduces New Projects from August 6th to 19th
James Ding Aug 20, 2024 11:10 BNB Chain welcomes new projects spanning DeFi, AI, Web3 gaming, and more between August 6th and 19th. Discover the latest additions and their unique contributions. BNB Chain has...
A Softer Dollar Remains the Way to Go
Market Commentary Markets Last week’s directional moves on key markets were extended yesterday in absence of any guidance coming from eco data or central bankers. Core bond yields fail to recover from the early August setback with daily changes in the US ranging...
Eli Lilly weight loss drug cuts risk of developing diabetes in trial
An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024. Shelby Knowles | Bloomberg | Getty ImagesEli Lilly's highly popular weight loss drug reduced the risk of developing Type 2 diabetes by 94% in...
How the Sumpoorn index is helping banks & policymakers understand MSMEs better, ET BFSI
The goods and services tax (GST) has revolutionised the tax economics of the country by transforming the way policymakers understand the workings of small and medium businesses. Leveraging on this, Hyderabad-based Jocata, a financial technology firm, has created an...
BNB Chain Celebrates Four Years with BNB Day Festivities
Rebeca Moen Aug 20, 2024 09:35 BNB Chain marks its 4th anniversary with BNB Day on September 1, 2024, highlighting community milestones and future Web3 ambitions. BNB Chain is set to celebrate its fourth...
India records 26 pc jump in FDI flows in first quarter, BFSI News, ET BFSI
Mumbai, The gross foreign direct investment (FDI) flowing into the Indian economy has surged by 26.4 per cent to $22.5 billion during the April-June quarter of the current financial year compared to the same quarter of the previous year, according to the RBI's latest...
European Union slashes planned tariffs on China-made Tesla EVs
Cars are parked at a Tesla dealership. The car manufacturer Tesla presents its business figures for the past quarter after a decline in deliveries.Sebastian Gollnow | Picture Alliance | Getty ImagesThe European Union on Tuesday said planned tariffs on Tesla vehicles...
GBPUSD Awaits Strong Resistance Near 1-Year High
GBPUSD’s rebound off 200-day SMA still holds Stochastic in overbought area RSI ticks south above 50 level GBPUSD continues last week’s rebound off the 200-day SMA and the 50.0% Fibonacci retracement level of the up leg from 1.2300 to 1.3045 at 1.2670, but with some...
Standard Chartered announces appointments to its Transaction Banking team
Standard Chartered announced today the appointment of Sofia Hammoucha as Global Head of Trade & Working Capital based in Singapore. Ms Hammoucha succeeds Kai Fehr, who has decided to move back to his home country, Germany, to spend more time with his family. Sofia...
How to Generate a Blockchain Wallet Private Key?
In the blockchain domain, the role of a private key is instrumental. You need to be able to generate blockchain wallet private key so that you can effortlessly manage your digital assets. Private keys serve as the core component in the cryptography sphere. If you have...
Lowe’s (LOW) Q2 2024 earnings
A Lowe's Home Improvement Warehouse worker collects carts in a parking lot on August 17, 2022 in Houston, Texas.Brandon Bell | Getty Images News | Getty ImagesLowe's on Tuesday cut its full-year forecast, as the home improvement retailer's quarterly sales declined and...
Democratic National Convention gives special access to 200 content creators
The content creator platform at the 2024 Democratic National Convention in Chicago, Ill.Democratic National Convention staffMore than 200 digital content creators will attend the Democratic National Convention in Chicago this week with dedicated "creator credentials"...
Gold-loan NBFCs shine despite RBI’s cash disbursement restriction, ET BFSI
Non-banking financial companies (NBFCs) focusing on gold loans are expected to see reasonable growth in disbursements this fiscal as demand for credit remains strong. Their growth in the recent past has been underpinned by operational resilience, agility and...
Pound Near July Highs: What Could Trigger a Breakout?
The slowdown in U.S. inflation and a cooling labour market have rekindled investor confidence that the Federal Reserve may soon begin cutting interest rates. As bearish sentiment towards the dollar dominates the market, key currency pairs have approached critical...
iSAM Securities hires Azadeh Kasraei as Head of Integrated Client Solutions
London based prime-of-prime broker and liquidity solutions provider iSAM Securities has announced that it has hired Azadeh Kasraei as Head of Integrated Client Solutions, in a strategic move to develop and improve experience and delivery. Azadeh began her career in...
RRBs must devise suitable products aligning with MSME clusters: FM, ET BFSI
New Delhi, Finance Minister Nirmala Sitharaman on Monday asked Regional Rural Banks (RRBs) to devise suitable products aligning with MSME clusters to increase banking penetration. During a review meeting with chairpersons of RRBs and CEOs of their sponsored bank, the...
HKMA Issues Alert on Fraudulent Social Media Account and Phishing Messages
Terrill Dicki Aug 20, 2024 07:59 The Hong Kong Monetary Authority warns the public about a fraudulent social media account and phishing messages related to Bank of Singapore Limited. The Hong Kong Monetary...
As Crypto Market Tests Resistance, Solana Eyes Support
The cryptocurrency market is once again testing the important $2.15 trillion milestone, adding almost 4% in the last 24 hours. Selling pressure has been building near this level since early August. Now, thanks to the impressive recovery in stock indices,...
IBPS recruiting for 4455 posts, applications open till tomorrow, ET BFSI
The Institute of Banking Personnel Selection (IBPS) has announced recruitment for 4455 Probationary Officer/Management Trainee positions in six public sector banks across India.The IBPS is accepting applications only till tomorrow, 21st August, 2024. The aspiring...
Former New York Rep. George Santos pleads guilty to wire fraud
Former New York Rep. George Santos pleaded guilty Monday in federal court in Long Island to committing wire fraud and aggravated identity theft.Santos, a Republican, had been set to begin trial next month on a 23-count superseding indictment accused him of wire fraud,...
Exclusive: Trade Nation posts £2.2M loss as Revenues decline 5% in 2023
FNG Exclusive… FNG has learned via regulatory filings that FCA licensed FX, CFDs, and spreadbetting broker Trade Nation Financial UK Ltd has seen a decline in Revenue in 2023 (fiscal year ended November 30), leading to a £2.2 million Net Loss for the year at the...
Eurozone CPI finalized at 2.6% in Jul, core CPI at 2.9%
Eurozone CPI was finalized at 2.6% yoy in July, up from June’s 2.5% yoy. CPI Core (ex-energy, food, alcohol & tobacco) was finalized at 2.9% yoy, unchanged from June’s reading. The highest contribution to the annual inflation rate came from services (+1.82...
Rupee worst Asia performer over August despite mild rise, BFSI News, ET BFSI
By Jaspreet KalraMUMBAI - The Indian rupee rose slightly on Tuesday but continued to underperform its Asian peers which have rallied to multi-month highs in anticipation of a U.S. rate cut next month. The rupee is the worst performing Asian currency so far this month,...
HKMA Issues Alert on Fraudulent HSBC Websites and Phishing Messages
Jessie A Ellis Aug 20, 2024 08:36 The Hong Kong Monetary Authority warns the public about fraudulent websites and phishing messages related to HSBC, urging caution and providing guidance on protective measures. ...
Indian rupee strengthens amid weaker dollar, falling crude oil prices, ET BFSI
The Indian rupee strengthened versus the US dollar, closing at 83.87/$1on Monday, due to a weaker dollar index and a fall in crude oil prices which softens India's inflation and trade deficit.The rupee closed at 83.87 against the US dollar, versus its previous close...
Trump would offer Tesla CEO Elon Musk a Cabinet slot
Elon Musk (L) and Donald Trump (R).David Swanson | Vincent Alban | ReutersFormer President Donald Trump on Monday said he would offer Tesla and SpaceX CEO Elon Musk a Cabinet position or an advisory role in his administration if he wins a second term in the White...
Boeing pauses tests of 777X aircraft after finding damage to one of the jets structures
A Boeing 777x aircraft during an aerial display on the opening day of the Farnborough International Airshow in Farnborough, UK, on Monday, July 18, 2022.Jason Alden | Bloomberg | Getty ImagesBoeing said Monday that it has paused flight tests of its 777X after it found...
eToro enables its clients to invest in top DFM-listed companies
Online broker eToro today announced its partnership with Dubai Financial Market (DFM), enabling eToro’s 38 million registered clients to invest in 10 companies listed on the exchange. This partnership aims to broaden investment opportunities for eToro’s user base and...
EURJPY’s Rebound Falters Ahead of 200-SMA
EURJPY recovers from its 2024 low posted on August 6 But the rebound stumbles before testing 200-day SMA Oscillators are skewed to the downside EURJPY experienced a vast selloff in July, dropping from a 32-year peak of 175.41 to as low as 154.34 on August 6, which is...
BitMEX Spot Adds TRUMP and KAMA Tokens for Trading
Joerg Hiller Aug 20, 2024 06:46 BitMEX Spot now supports TRUMP and KAMA tokens for deposit, buying, and trading, enhancing its offerings in the memecoin market. BitMEX has expanded its cryptocurrency offerings...
A Comprehensive Guide to Apply for a Home Loan for First-Time Homebuyers, ET BFSI
How to Apply for a Home Loan: A Comprehensive Guide for Homebuyers Applying for a home loan is the first exciting step in your journey to owning your dream home. In today’s dynamic financial landscape, there needs to be an overwhelming step-by-step guide to the home...
Investors can pick assets purely on merit rather than to optimise tax outgo, ET BFSI
The overhaul of the capital gains tax framework in the recent Budget has upset many. Equity investors are fretting that they must now shell out more tax on their gains. Real estate owners are livid that indexation benefits will be taken away. Taxpayers still holding...
FX option expiries for 20 August 10am New York cut
There is just one to take note of on the day, as highlighted in bold.That being for EUR/USD at the 1.1100 level. The pair also has a large set of expiries at 1.1000 but that should not factor much into play given the dollar weakness so far this week. As such, the ones...
Alaska Airlines and Hawaiian Airlines merger clears Justice Department hurdle, now faces DOT
Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023.Tayfun Coskun | Anadolu Agency | Getty ImagesAlaska Airlines said that its plan to acquire Hawaiian...
Top Harris campaign donors have dozens of private, VIP events this week. Here’s the schedule
US Vice President and Democratic presidential candidate Kamala Harris speaks to reporters outside Primanti Bros. Restaurant and Bar during a bus campaign tour stop in Moon Township, Pennsylvania, on August 18, 2024.Angela Weiss | AFP | Getty ImagesCHICAGO — Major...
Dollar Weakens Further on Risk-On Mood, Canadian CPI Takes Center Stage
Dollar continued its decline overnight as risk-on sentiment prevailed, with S&P 500 and NASDAQ notching their eighth consecutive positive session. Investor optimism has been buoyed by recent economic data suggesting that the US economy is on track for a soft...
Binance to Support Injective (INJ) Network Upgrade and Hard Fork
Rebeca Moen Aug 20, 2024 07:22 Binance to suspend deposits and withdrawals for Injective (INJ) network during its upgrade and hard fork on August 20, 2024. Binance, one of the world's leading cryptocurrency...
JSE signs further contract extension for provision of Beeks’ Exchange Cloud
Beeks Financial Cloud Group plc (LON:BKS), a cloud computing and connectivity provider for financial markets, today announced that the Johannesburg Stock Exchange (JSE) has signed a further significant contract extension for the provision of Beeks’ Exchange Cloud, to...
Dollar Index Outlook: Remains in Defensive on Growing Expectations for Dovish Fed’s Policy View
The dollar index remains firmly in red in early Monday trading, and extends Friday’s 0.93% drop, to breach key support at 101.94 (Aug 5 low, the lowest in eight months). The dollar was weaker across the board on renewed risk mode and growing expectations on more...
USD/JPY Outlook: Japanese Yen Regains Traction vs Dollar on Renewed Expectations for Dovish Fed
USDJPY dips further on Monday, adding to signals that corrective phase off 141.68 (Aug 5 spike low) is likely over. Upleg from 141.68 was repeatedly capped at pivotal Fibo barrier at 149.36 (38.2% retracement of 161.80/141.68) with subsequent weakness being sparked by...
GBP/USD Mid-Day – Action Forex
Daily Pivots: (S1) 1.2879; (P) 1.2913; (R1) 1.2979; More… GBP/USD’s rise from 1.2664 is still in progress and intraday bias stays on the upside for retesting 1.3043 high. Firm break there will resume whole rise from 1.2998 to 61.8% projection of 1.2298 to 1.3043 from...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0942; (P) 1.0980; (R1) 1.1010; More….. Intraday bias in EUR/USD remains on the upside for 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1058. Decisive break there could prompt upside acceleration through 1.1138 resistance to 161.8%...
California retail crime laws aim to crack down on organized rings
Governor Newsom signed into law the most significant bipartisan legislation to crack down on property crime at a Home Depot store in San Jose, California, United States on August 16, 2024. Tayfun Coskun | Anadolu | Getty ImagesCalifornia Gov. Gavin Newsom has signed...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8636; (P) 0.8685; (R1) 0.8710; More….. Outlook in USD/CHF remains unchanged and intraday bias stays neutral for now. On the downside, break of 0.8616 support will indicate rejection by 38.2% retracement of 0.9223 to 0.8431 at 0.8734, and turn bias...
Trump Media shares hit post-merger low as DJT slump continues
Sopa Images | Lightrocket | Getty ImagesShares of former President Donald Trump's social media company on Monday touched their lowest price since they began public trading on the Nasdaq nearly five months ago after a merger.Trump Media, the company that owns the...
Mi Primer Bitcoin’s Global Expansion: Educating Thousands on Bitcoin (BTC)
Darius Baruo Aug 19, 2024 02:20 Mi Primer Bitcoin, a non-profit educational organization from El Salvador, aims to educate 100,000 students globally on Bitcoin through its decentralized Light Node network. Mi...
RBI for periodic revision of deposit insurance coverage, BFSI News, ET BFSI
Jaipur, A periodical upward revision of the deposit insurance coverage limit, currently at Rs 5, lakh, may be warranted considering multiple factors like growth in the value of deposits, inflation, and increase in income level, RBI Deputy Governor M Rajeshwar Rao has...
Google IPO banker tracks two-decade journey from Silicon Valley upstart to $2 trillion
Twenty years ago, as Morgan Stanley banker Michael Grimes was helping lead the public offering for the young company behind the Google search engine, one of the most anticipated of the decade, he was among the first people offered a new email service. He had his pick...
Solana (SOL) Faces Record Outflows Amid Modest Digital Asset Inflows
Ted Hisokawa Aug 19, 2024 09:26 Digital asset investment products saw $30m in inflows last week, while Solana (SOL) experienced record outflows, according to CoinShares. Digital asset investment products...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 147.00; (P) 148.20; (R1) 148.83; More… USD/JPY’s rebound from 141.67 could have completed after rejection by 38.2% retracement of 161.94 to 141.67 at 149.41. Intraday bias remains on the downside for retesting 141.67 low. Firm break there will...
India cenbank releases framework for financial market self-regulatory organisations, ET BFSI
MUMBAI - The Reserve Bank of India on Monday issued a framework for recognition of self-regulatory organisations in the financial markets space to help strengthen compliance culture and provide a consultative platform for policy making.The proposed self-regulatory...
New Zealand Dollar Extends Gains as Services Index Rises
The New Zealand dollar wrapped up a fourth consecutive winning week and is in positive territory on Monday. NZD/USD is trading at 0.6076, up 0.37% in the European session at the time of writing. New Zealand PSI pace of contraction eases The New Zealand Performance of...
SFC Lifts Suspension on Changjiang Corporate Finance (HK) Limited as Sponsor
Felix Pinkston Aug 19, 2024 11:17 The Securities and Futures Commission (SFC) has lifted the suspension of Changjiang Corporate Finance (HK) Limited's role as a sponsor. The Securities and Futures Commission...
AUD/USD climbs as RBA maintains firm stance on interest rates :: InvestMacro
By RoboForex Analytical Department The Australian dollar (AUD) is witnessing a rise against the US dollar (USD) for the second consecutive day, reaching 0.6629. This upward movement is bolstered by the Reserve Bank of Australia’s (RBA) current policy stance. RBA...
RBI Deputy Governor Swaminathan J, ET BFSI
New Delhi [India], August 19 (ANI): Asserting that full insurance coverage for all depositors appears somewhat financially non-viable, RBI Deputy Governor Swaminathan J suggested that if this could be given to certain sections of the customers -- small depositors,...
Bank cuts EMIs from Wayanad survivors’ relief aid, sparks row, ET BFSI
WAYANAD: Kerala Gramin Bank has deducted loan EMIs from emergency relief disbursed by state govt to those who survived the July 30 Wayanad landslides. The move has added to the shock of the survivors still grappling with their losses from the disaster that claimed...
Design a Daily LinkedIn Prospecting Process » Succeed As Your Own Boss
Leveraging LinkedIn for prospecting can be a game-changer for your network growth and business development, especially if you are a B2B business. LinkedIn provides a powerful platform to connect with industry leaders, potential clients, and like-minded...
Sunset Market Commentary
Markets Markets took a slow start to the new trading week which looks more enticing later on. In the absence of high profile headlines today, softer yields and a weaker dollar initially proved the to be the path of least resistance, even as the momentum of this trade...
RBI bats for cautious monetary policy approach if food price pressures persist, ET BFSI
Representational PhotoThe Reserve Bank of India (RBI) on Monday in its August Bulletin warranted a cautious monetary policy approach if food price pressures persist. A report titled ‘Are Food Prices Spilling Over’ authored by Deputy Governor MD Patra and others said,...
Bitwise acquires ETC Group – FX News Group
Bitwise Asset Management today announced the acquisition of ETC Group, a London-based crypto ETP issuer. The news marks Bitwise’s expansion into Europe and adds nine European-listed crypto ETPs to Bitwise’s broad suite of ETPs, hedge fund solutions, and separately...
India should remove food from its inflation target, BFSI News, ET BFSI
Representative ImageOne of India’s problems is that, even as it grows richer, it struggles to change policies to match. Economic frameworks designed for when it was a much poorer country constrain and limit growth. This is particularly true of food pricing and...
Dune Unveils ‘Mint Moment’ to Transform Data Visualizations into NFTs
Rongchai Wang Aug 19, 2024 12:17 Dune introduces 'Mint Moment', a feature allowing users to mint data visualizations as NFTs, rewarding onchain creators and analysts. Dune, a leading blockchain analytics...
Central Bank of India nears deal for FEL’s insurance stakes, ET BFSI
Mumbai: Central Bank of India is on the verge of acquiring Future Enterprises' (FEL) stakes in two insurance joint ventures, as the debt-ridden conglomerate undergoes insolvency proceedings.The state-owned bank is likely to take over Future Enterprises' 25% stake in...
BTCUSD Completes Death Cross – Action Forex
BTCUSD trades sideways in the past few sessions Sentiment deteriorates after multiple rejections at 50-day SMA Momentum indicators are skewed to the downside BTCUSD (Bitcoin) has been losing ground in August, experiencing a strong selloff on the back of a downbeat...
Aggregate demand conditions gathering momentum with revival in rural consumption: RBI article, ET BFSI
Mumbai, Aggregate demand conditions are gathering momentum with a revival in rural consumption and are expected to reinvigorate the private sector investment, an article published in the RBI's latest Bulletin said. Persistent geopolitical tensions, rekindled fears of...
Trump economic agenda rollout to counter Harris
Republican Presidential Candidate former U.S. President Donald Trump speaks during a campaign rally at Mohegan Sun Arena at Casey Plaza on August 17, 2024 in Wilkes Barre, Pennsylvania.Michael M. Santiago | Getty ImagesFormer President Donald Trump is countering the...
AUD/USD Outlook: Continues to Trend Higher Ahead of FOMC Minutes, Powell’s Speech in Jackson Hole
AUDUSD rose to the highest levels in almost one month on Monday, in extension of almost 0.9% daily advance on Friday and 1.5% gains last week The pair enters the third consecutive week of strong gains, with the latest acceleration being boosted by revived risk...
Holds near record high…what next? :: InvestMacro
Gold ↑ 21% year-to-dateFOMC minutes & Jackson Hole in focusBullish but RSI overbought on multiple timeframesBloomberg FX model: 73% XAUUSD – (2440.49 – 2567.13)Key technical level – $2500In case you missed it, gold surged over 2% last Friday to create a fresh...
How risk-based premiums for bank deposits can lead to financial system stability, ET BFSI
Deposit insurance plays a crucial role in maintaining the stability of the financial system by protecting depositors in the event of a bank collapse. Traditionally, the Deposit Insurance and Credit Guarantee Corporation (DICGC) in India has charged banks a uniform...
Finance Minister meets heads of PSBs, exhorts banks to improve deposit growth, ET BFSI
New Delhi, According to sources, the finance minister reviewed the financial performance of banks and progress made in the implementation of various flagship schemes of the government, including PM Awas Yojana, PM Surya Ghar and PM Vishwakarma Yojana. Sitharman also...
India might need more cautious monetary policy to stem food price rise spillover, cenbank says, ET BFSI
By Swati BhatMUMBAI - India will have to adopt a more cautious approach to monetary policy if high food prices persist and threaten to spill over into more generalised price inflation, the Reserve Bank of India said in its monthly bulletin on Monday."The conventional...
BNB Chain Launches $1M Gas Grants Program to Boost Web3 Innovation
Luisa Crawford Aug 19, 2024 13:20 BNB Chain announces a $1M Gas Grants Program aimed at supporting Web3 startups and developers over a three-month period. BNB Chain has unveiled a new Gas Grants Program,...
News of the Week (August 19— August 23): GBPCAD Detailed Analysis
Keep your eyes on GBPCAD—new trading prospects are emerging! The GBPCAD currency pair, representing the exchange rate between the British pound and the Canadian dollar, is the most critical indicator of economic interaction between the UK and Canada. The Canadian...
SEC brings charges against Carl Icahn and Icahn Enterprises
The Securities and Exchange Commission (SEC) today announced charges against Carl C. Icahn and his publicly traded company, Icahn Enterprises L.P. (IEP), for failing to disclose information relating to Icahn’s pledges of IEP securities as collateral to secure personal...
FM to banks, ET BFSI
‘Ensure no delay in handing over loan closure docs to customer’: FM to banksEmphasising the need for a healthy customer relationship, Finance Minister Nirmala Sitharaman directed the banks that there should not be any delay in handing over the documents to the...
Bank borrowings cross Rs 9 lakh crore mark; lenders face pressure to raise funds, ET BFSI
Banks’ borrowing through market instruments has climbed to its highest levels, jumping past the Rs 9 lakh crore mark, as a persistently faster pace of credit growth than deposit growth compels lenders to rely on other routes to raise funds – a phenomenon that has...
GM reveals GMC Yukon ‘AT4 Ultimate’ to expand reach of high-end SUVs
2025 GMC Yukon AT4 UltimateGMCDETROIT — General Motors is expanding its high-end GMC Yukon lineup to include a new "AT4 Ultimate" model as part of updates to the large SUV for the 2025 model year.The new model will slate in between the luxury "Denali" and "Denali...
NVIDIA’s StormCast AI Model Enhances Weather Prediction and Climate Simulation
Lawrence Jengar Aug 19, 2024 14:17 NVIDIA unveils StormCast, a generative AI model enhancing mesoscale weather prediction, crucial for disaster planning and climate research. As hurricanes, tornadoes, and other...
Waymo generation 6 robotaxi Geely Zeekr
Waymo announced their sixth generation self-driving car.Alphabet-owned Waymo revealed details about its newest "generation 6" self-driving technology on Monday. Its new driverless tech, integrated into Geely Zeekr electric vehicles, should be able to handle a wider...
Indian govt needs to trim citizens’ waist size for the sake of economy, ET BFSI
New Delhi: India’s achievement of its long-term goal to become a developed economy also hinges on its population losing weight, the Economic Survey 2023-24 had indicated. As India is posed to capitalise on its demographic dividend—a large youth population—it is...
Could Eurozone PMI Surveys Cement September ECB Rate Cut?
Markets are preparing for the Jackson Hole Symposium Eurozone data supports another ECB rate cut PMI surveys for the euro area will be published on Thursday Euro remains on the back foot against the pound The Jackson Hole gathering to break the summer lull Whilst ECB...
Nirmala Sitharaman asks banks to conduct ‘special drives’ to garner deposits, ET BFSI
Union Finance Minister Nirmala Sitharaman on Monday urged the banks to make concerted efforts to garner deposits by conducting special drives.The minister’s remarks came at a meeting to review the performance of Public Sector Banks (PSBs) on their financial...
Ethereum’s Latest Innovations Explored in The Rollup Coaster #29
Tony Kim Aug 19, 2024 13:40 The Rollup Coaster #29 dives into Ethereum's latest rollup and zero-knowledge proof advancements, with insights from industry experts. The Rollup Coaster, a bi-weekly newsletter,...
SEC charges Carl Icahn with hiding billions worth of stock pledges
Carl Icahn, billionaire activist investor, waits for Donald Trump, president and chief executive of Trump Organization Inc. and 2016 Republican presidential candidate, not pictured, to speak at an election night event in New York, U.S., on Tuesday, April 19,...
Oil prices are declining due to weakening demand from China. US and European stock indices continue to rise in price :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) Index gained 0.24% (+2.79% for the week), while the S&P 500 (US500) Index gained 0.20% (+3.78% for the week). The NASDAQ Technology Index (US100) closed positive 0.21% (for the week +4.99%). A busy week of economic...
EU banks expect India bond trades to go on, BFSI News, ET BFSI
Mumbai : Four European banks are confident their national regulators will allow them to continue trading ahead of the deadline to stop transacting with India’s sovereign bond clearing house, while recent communications between domestic and Paris-based authorities have...
GM lays off more than 1,000 salaried software and services employees
A General Motors sign is seen during an event on January 25, 2022 in Lansing, Michigan. - General Motors will create 4,000 new jobs and retaining 1,000, and significantly increasing battery cell and electric truck manufacturing capacity.Jeff Kowalsky | AFP | Getty...
Dollar Remains Under Broad Pressure, Yen Maintains Strength
Dollar continues to face broad-based selling pressure as the markets move into US session. Fed Governor Christopher Waller is set to speak, but he is expected to maintain his consistent view that Fed is nearing a rate cut while the economy remains on track for soft...
Mike Lynch reported missing after superyacht sinks off Sicily
Mike Lynch, former chief executive officer at Hewlett-Packard Co.'s Autonomy unit, speaking at a conference on Thursday, April 25, 2013. Bloomberg | Bloomberg | Getty ImagesLONDON — British tech entrepreneur Mike Lynch is missing after the sinking of a superyacht off...
All that glitters is…in great demand, BFSI News, ET BFSI
Central banks, led by the People's Bank of China, have been buying gold at unprecedented rates following the Russia-Ukraine war in order to de-dollarise their foreign exchange reserves. The purchases were spurred by Western sanctions on Russia that stranded half its...
Gold Price Surpasses $2500 for the First Time
We noted bullish sentiment in the gold market six days ago: → The price is moving within an ascending channel (shown in blue); → Bulls may attempt to set a historic record amid the release of economic news. As today’s XAU/USD chart shows, the gold price has risen...
Australian regulator takes down more than 7,300 phishing and investment scam websites
The Australian Securities and Investments Commission (ASIC) announced today the takedown of more than 7,300 phishing and investment scam websites that seek to swindle consumers out of their information. Since July 2023, ASIC has coordinated the removal of over 5,530...
Chinese stock investors lose a key indicator to gauge sentiment, ET BFSI
London : China may see its first yearly outflow from equities in 2024 — but if and when it happens, investors won’t know from exchange data.That’s because the country’s stock exchanges will stop releasing daily data on overseas fund flows starting Monday, depriving...
LVMH CEO Bernard Arnault’s family office invests in AI startups
World's top luxury group LVMH head Bernard Arnault presents the group's annual results 2022 in Paris on January 26, 2023.Stefano Rellandini | AFP | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly...
Binance to Support Frontier (FRONT) Token Swap and Rebranding to Self Chain (SLF)
Peter Zhang Aug 19, 2024 12:36 Binance announces support for Frontier (FRONT) token swap and rebranding to Self Chain (SLF), affecting trading pairs and futures contracts. Binance, a leading cryptocurrency...
Gold (XAU/USD) Eyes Consolidation Above $2500/oz. Will Bulls Hold the Line?
Gold prices surpassed the $2500/oz level on Friday despite a decrease in the likelihood of a 50 bps cut at the Federal Reserve’s September meeting. The rally in gold prices is attributed to dovish remarks by Federal Reserve policymakers and concerns over rising...
ED investigates Indian links of foreign gambling apps, suspects over Rs 1 lakh cr bets, ET BFSI
The Mahadev scam, which exposed the dark underbelly of India’s illegal online betting apps, did not end with the closure of the shady application, few arrests, and tracing a money trail from Chhattisgarh to Dubai. More than two dozen offshore gaming applications are...
Plus500 registers rise in revenues in H1 2024, cash position passes $1bn mark
Plus500 Ltd (LON:PLUS), a multi-asset fintech group, today announced its interim results for the six-month period ended 30 June 2024. Plus500 delivered a strong financial performance in H1 2024. Revenue and EBITDA grew year-on-year, by 8% and 6%, respectively, and the...
TFCI plans to enter Short-Term Retail Lending segment, BFSI News, ET BFSI
New Delhi, Tourism Finance Corporation of India (TFCI), a non-banking finance company, on Monday announced its diversification into retail lending through FinTech platforms and its plans to establish an Alternative Investment Fund. "Partnering with FinTech companies...
Gold (XAU/USD) Nears Record Highs Amid Geopolitical Uncertainty and Fed Speculations
The price of gold continues its impressive ascent, balancing around $2500 per troy ounce early this week, hovering near record peaks. The primary catalyst driving this rally is the intensified demand for safe-haven assets amid ongoing geopolitical tensions. The...
BitMEX Introduces TRUMP and KAMA Tokens for Spot Trading
Joerg Hiller Aug 19, 2024 11:56 BitMEX announces the listing of TRUMP and KAMA tokens for spot trading, starting tomorrow at 04:00 UTC. BitMEX has announced the addition of two new tokens, TRUMP and KAMA, to its...
ATFX launches MT5 trading platform
Leading global CFDs broker ATFX has announced the launch of the MetaTrader 5 (MT5) platform for its clients. The company said that this milestone not only underscores ATFX’s unwavering commitment to continually upgrading its customer service quality, but also marks a...
Bank deposit growth at all time high, expanded by Rs 61 tln since FY22: SBI Report, ET BFSI
In FY23, all scheduled commercial banks (ASCBs) had registered the highest amount of growth in deposits and credit since 1951-52. Deposits grew by Rs 15.7 lakh crore and credit by Rs 17.8 lakh crore, which has pushed the incremental CD Ratio to 113 per cent. The same...
At 5.9%, Bihar records highest inflation in July, BFSI News, ET BFSI
NEW DELHI: Bihar recorded the highest inflation rate at 5.9% among states and Union territories in July, followed by Assam at 5.1%, while Jharkhand had the lowest rate at 1.7% during the month, latest retail inflation data showed.Odisha, which had been witnessing...
Fed’s Kashkari: Appropriate to discuss rate cut in September
Minneapolis Fed President Neel Kashkari indicated that Fed’s focus is increasingly shifting toward concerns in the labor market, moving away from the inflation side of its dual mandate. In an interview with WSI, Kashkari emphasized that “the balance of risks has...
Hong Kong Monetary Authority Announces Decrease in Composite Interest Rate for July 2024
Iris Coleman Aug 19, 2024 10:17 The Hong Kong Monetary Authority reports a decrease in the composite interest rate to 2.58% at the end of July 2024. The Hong Kong Monetary Authority (HKMA) announced a decrease...
HKMA Issues Alert on Fraudulent Website and Phishing Emails Targeting Dah Sing Bank
Jessie A Ellis Aug 19, 2024 10:54 The Hong Kong Monetary Authority warns the public about a fraudulent website and phishing emails impersonating Dah Sing Bank. The Hong Kong Monetary Authority (HKMA) has issued...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 190.26; (P) 191.19; (R1) 191.99; More… Intraday bias in GBP/JPY remains neutral for the moment. On the upside, above 191.99 will target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the...
FINRA fines SAL Equity Trading for reporting deficiencies
SAL Equity Trading, GP has agreed to pay a fine of $75,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From February 2021 to May 2023, SALET inaccurately reported to the Trade Reporting and Compliance Engine (TRACE)...
FPIs pull out Rs 21k crore from equities in August, BFSI News, ET BFSI
NEW DELHI: Foreign investors continued their relentless selling in the Indian equity markets in August, offloading shares worth Rs 21,201 crore due to the unwinding of the yen carry trade, recession fears in the US and ongoing geopolitical conflicts.This came after an...
Who will receive tax refunds quicker, filers of ITR-1, ITR-2 or ITR-3?, ET BFSI
Many individuals who have submitted their income tax returns (ITR) for the fiscal year 2023-24 (assessment year 2024-25) and are entitled to refunds have not yet received the funds in their bank accounts. If you have submitted ITR-2 or ITR-3 for the fiscal year...
US 500 Index Slips After 10% Recovery
US 500 index rises above long-term uptrend line 200-day SMA still holds well Stochastic and RSI indicate overstretched market The US 500 cash index recovered by almost 10% from the bearish wave that started from the all-time high of 5,673.39 and is currently returning...
FCA cancels SPI registration of Apex Money Limited
The UK Financial Conduct Authority (FCA) has cancelled the registration of Apex Money Limited as a small payment institution (SPI). The Authority has concluded that the firm is no longer meeting the conditions for registration as an SPI under the PSRs, and that its...
Tourism Finance Corporation looks to set up alternative investment fund, ET BFSI
New Delhi: Tourism Finance Corporation of India (TFCI) will set up an alternative investment fund as it plans to enter retail lending, said its managing director Anoop Bali.The firm is also exploring ways to raise funds through long-term bonds and debentures, he told...
List of 6 React Tools on Ethereum
Blockchain and web3 development also incorporates many elements of traditional software development such as user interface design. You cannot expect a web3 app to become successful just because it offers novel functionality or a wide array of advantages. The...
Tether (USD₮) Set to Launch on Aptos Blockchain
James Ding Aug 19, 2024 09:56 Tether announces the launch of its USD₮ tokens on the Aptos Blockchain, enhancing accessibility and utility with advanced technology. Tether Operations Limited (Tether), the leading...
EUR/USD Outlook: Break Above 1.1000 Adds to Bullish Outlook, Limited Dips Should Be Anticipated
EURUSD keeps firm tone at the start of the week and extends gains above psychological 1.10 barrier after registering a weekly close above this level for the first time since late December. Bulls also cleared a Fibo resistance at 1.1012 (76.4% retracement of...
Finance Ministry should identify high risk taxpayers in GST composition scheme: CAG, ET BFSI
The Comptroller and Auditor General (CAG) has asked the Finance Ministry to identify high risk taxpayers in the GST composition scheme on a periodical basis and verify from other sources, including third parties, their declared value of sales to check tax evasion....
Doo Payment granted Australia remittance license by AUSTRAC
Doo Payment AU Pty Ltd, a subsidiary of Doo Payment, a brand under Doo Group, has announced that it has successfully obtained an independent remittance license (license number: IND100844845-001) issued by the Australian Transaction Reports and Analysis Centre...
Banks offering cheapest interest rates on gold loans, ET BFSI
Gold loans have grown in popularity due to its numerous perks. With a gold loan, which is a secured loan, you can use the value of your gold jewelry or ornaments as collateral to get money. It's an easy and quick option to obtain liquidity without sacrificing the...
Crypto Market Attracts Money, But Prices Don’t Rise
Market Picture On Monday morning, the crypto market capitalisation stood at $2.07 trillion, up slightly from $2.05 trillion a week earlier. In the previous two weeks, the market failed to rally above the $2.15 trillion level, which has become a local resistance. The...
Binance Futures Introduces USDⓈ-Margined SYS Perpetual Contract with Up to 50x Leverage
Iris Coleman Aug 19, 2024 08:54 Binance Futures will launch the SYSUSDT Perpetual Contract with up to 50x leverage, starting August 19, 2024, at 12:30 (UTC). In a move to expand its trading offerings, Binance...
IMF’s Gita Gopinath, ET BFSI
India needs to create an additional 60 to 148 million jobs by 2030 given its population growth while revamping its education to improve skills of its workforce, according to International Monetary Fund first deputy managing director Gita Gopinath.The country should...
MAS issues prohibition order against former HSBC rep
The Monetary Authority of Singapore (MAS) today issued a one-year prohibition order (PO) against a former representative of HSBC Bank, Aw Jun Ray, Reko Corinthians. Mr Aw was investigated for the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of...
RBI introduces provisions for ‘Sovereign Green Bonds’, BFSI News, ET BFSI
On August 13, The Reserve Bank of India (RBI) has introduced provisions for 'Sovereign Green Bonds' providing that a person resident outside India who maintains a securities account with a depository in IFSC in India would be able to purchase or sell Sovereign Green...
Gold Surges to Fresh Record High
Gold posts new all-time high on Monday But oscillators haven’t reached overbought conditions The divergence suggests that the advance may extend further Gold has been on the rise in the past couple of sessions, storming above the 2,500 psychological mark to a fresh...
Day one honors Biden’s legacy, but protests could strain party unity
The Bidens are going on vacation to California after tonight's speechRows of grapevines at Happy Canyon Vineyard during a drought on August 6, 2016, near Santa Ynez, California.George Rose | Getty ImagesPresident Joe Biden and first lady Jill Biden will depart for...
Yen Gains Ground as Dollar Weakens, Focus on Fed Powell’s Jackson Hole Speech This Week
Yen is showing broad-based strength in today’s Asian session, particularly against the generally weakening Dollar. This move has also put pressure on the Nikkei, which turned lower as Yen gained momentum. While there’s no clear catalyst for these movements, it appears...
Binance Launches ‘Word of the Day’ to Educate Users and Offer Rewards
Tony Kim Aug 19, 2024 02:39 Binance introduces a new 'Word of the Day' game focusing on CPI, allowing users to earn Binance Points and educational benefits. Binance has announced the launch of its new 'Word of...
Valverde partners with Broadridge to enhance investment management technology
Valverde Investment Partners, a newly established Singapore-based independent investment management firm, has appointed Broadridge Financial Solutions, Inc. (NYSE:BR) to enhance its portfolio management, trade order management, and risk analytics processes. This...
BitMEX Launches TONUSDT Perpetual Swap with 10x Leverage
James Ding Aug 19, 2024 05:18 BitMEX has announced the listing of TONUSDT perpetual swap, offering traders up to 10x leverage. The new listing is now live on the platform. BitMEX has unveiled its latest trading...
Credit offtake cools in June 2024 on RBI crackdown on unsecured credit, NBFCs, ET BFSI
Gross bank credit offtake (ex-merger) slowed to 6.4% for the December-June period compared to the growth of 8.1% for the same period last year as RBI announcement on unsecured consumer credit and NBFCs took effect. Meanwhile, credit growth also slowed to 13.9% in June...
