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“Deadpool & Wolverine” sets new direction
Robert Downey Jr. speaks onstage during the Marvel Studios Panel in Hall H at SDCC in San Diego, California on July 27, 2024.Jesse Grant | Getty Images Entertainment | Getty ImagesEditor's note: This article contains spoilers for "Deadpool & Wolverine."Marvel is...
India’s digital economy poised to constitute 1/5th of GDP by 2026: RBI report, ET BFSI
Mumbai, India's digital economy is poised to constitute a fifth of GDP by 2026 from one-tenth at present, according to a Reserve Bank report released on Monday. In the foreword of 'Report on Currency and Finance (RCF) for the year 2023-24', Reserve Bank Governor...
US 100 Index Stops at Uptrend Line; Positive Risks Not Faded Yet
US 100 heads up, standing beneath short-term rising trend line Stochastics point north above oversold region RSI ticks higher below 50 level The US 100 (cash) index had a strong pullback off the 18,715 support, failing to extend its dive from the all-time high of...
MAS reprimands RVP One for breaches of Securities and Futures Regulations
The Monetary Authority of Singapore (MAS) has reprimanded RVP One Pte. Ltd, a registered fund management company (RFMC), and its chief executive officer (CEO) and director, Mr Viktor Panisch, for breaches of the Securities and Futures (Licensing and Conduct of...
Apple says its AI models were trained on Google’s custom chips
Sundar Pichai and Tim CookSource: Reuters; AppleApple said on Monday that the artificial intelligence models underpinning Apple Intelligence, its AI system, were pretrained on processors designed by Google, a sign that Big Tech companies are looking for alternatives...
Gala Games Announces New $GALA Competition Starting July 30th
Alvin Lang Jul 30, 2024 08:37 Gala Games has announced a new competition for Common Ground World, offering $GALA rewards. The event begins on July 30th, 2024, and runs for three days. Gala Games has announced an...
Rupee flat; interbank paying lifts forward premiums ahead of Fed meet, ET BFSI
By Jaspreet KalraMUMBAI, -The Indian rupee was little changed on Tuesday supported by mild dollar sales from state-run banks, while sustained interbank paying interest helped dollar-rupee far forward premiums hold near a six-month high.The rupee was nearly flat at...
Trump wavers on Harris debate, says he could ‘make a case’ to skip it
Republican presidential nominee Donald Trump said Monday that while he "probably" will debate Vice President Kamala Harris, he "could also make a case" for avoiding a face-to-face confrontation with his likely Democratic opponent.Trump, in a Fox News interview that...
New tech has led to increase in fraudulent apps & mis-selling: RBI, ET BFSI
The Reserve Bank of India (RBI) on Monday said that emerging technology has led to proliferation of fraudulent apps and mis-selling. Fintech firms still face significant challenges in counterparty credit risk assessment despite significant footprint expansion, the...
Executives address value and prices
A McDonald's fast-food restaurant in Manhattan, New York, on July 6, 2024.Beata Zawrzel | Nurphoto | Getty ImagesAfter a challenging second quarter, McDonald's executives told restaurant operators and analysts they are refocusing on how to recapture consumers with...
GBPUSD Extends Pullback From 1-Year High
GBPUSD declines steadily from 1-year high The bears eye the 50-day SMA as next target Momentum indicators ease but remain positively tilted GBPUSD had been on the rise following its bounce off the 50-day simple moving average (SMA) in late June. Although the pair...
Delta hires David Boies to seek damages from CrowdStrike, Microsoft
Delta Air Lines has hired prominent attorney David Boies to seek damages from CrowdStrike and Microsoft following an outage this month that caused millions of computers to crash, leading to thousands of flight cancellations.CrowdStrike shares fell as much as 5% in...
TradingView adds Trade Nation to list of integrated brokers
TradingView today welcomed Trade Nation, a newly integrated broker within the TradingView trading ecosystem. Established in 2014, Trade Nation is founded on three core principles: delivering the best deals, fostering trust, and providing powerful tools. The broker...
NVIDIA Introduces NIM Microservices to Enhance Generative AI in Digital Environments
Alvin Lang Jul 30, 2024 07:08 NVIDIA unveils new NIM microservices and Metropolis reference workflow at SIGGRAPH to advance generative physical AI in various industries. NVIDIA has announced significant...
Annual employment generation in MSMEs spikes, 20.51 crore jobs created in 4 years, ET BFSI
Annual employment generation in MSMEs spikes, 20.51 crore jobs created in 4 yearsA total of 20.51 crore jobs are reported by MSMEs on the Udyam Registration Portal and Udyam Assist Platform, said the Union Minister of Micro, Small and Medium Enterprises Jitan Ram...
Sebi proposes to widen definition of relatives in insider trading rules, ET BFSI
Mumbai: The Securities and Exchange Board of India (Sebi) has proposed to expand the definition of relatives under insider trading rules. The regulator has proposed to substitute immediate relative with relative to cover a wider group of family members. It said...
Fake news headline – Elon Musk says he doesn’t like crypto all that much.
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
FX option expiries for 30 July 10am New York cut
There are a couple to take note of, as highlighted in bold.The first one being for USD/JPY at the 155.00 mark. It's a key area where offers are also lined up, so the expiries will add to a bit of resistance in preventing any major upside extension in the session...
WeRide expands globally as transportation industry adopts AI
BEIJING, CHINA - JULY 11: People take photos of WeRide Robobus, a fully-driverless shuttle capable of SAE Level 4 autonomous driving, at Beijing High-level Autonomous Driving Demonstration Area on July 11, 2024 in Beijing, China. (Photo by Jia Tianyong/China News...
Diamond Sports, Comcast reach a cable deal for Bally regional sports
A Bally Sports display is shown in the eighth inning of the game between the MLB's Houston Astros and Minnesota Twins at Target Field in Minneapolis, Minnesota, on April 9, 2023.David Berding | Getty Images Sport | Getty ImagesBally Sports regional channels are...
Kamala Harris fundraiser White Dudes for Harris
Democratic presidential candidate, U.S. Vice President Kamala Harris speaks to supporters during a campaign rally at West Allis Central High School on July 23, 2024 in West Allis, Wisconsin. Jim Vondruska | Getty ImagesA "White Dudes for Harris" online fundraising and...
Dollar Holds Firm Against Euro in Quiet Trading, Cautious Sentiment Prevails
Dollar remains firm against European majors in relatively quiet trading today. Despite slightly better-than-expected GDP data from France, Euro has not gained significant support. While today’s Eurozone GDP and tomorrow’s CPI flash are important, they are unlikely to...
NVIDIA Unveils fVDB Framework for Enhanced Digital World Models
Ted Hisokawa Jul 30, 2024 07:40 NVIDIA introduces fVDB, a deep-learning framework for creating AI-ready virtual representations, enhancing applications in autonomous vehicles, climate science, and smart cities. ...
USD/JPY Looking for Direction – Action Forex
The Japanese yen continues to show volatility but has closed right where it started over the past few sessions. USD/JPY is trading at 153.65 in the European session, up 0.04% on the day. The yen is coming off an excellent week, surging 2.3% against the US dollar....
Banks told to speed up IBC resolutions, BFSI News, ET BFSI
NEW DELHI: Taking strong exception to slow action under the Insolvency & Bankruptcy Code (IBC), govt has started monitoring the top 20 cases, while also asking bank chiefs to closely follow the top 20 cases with their banks. This has led to movement in Jaiprakash...
USD/JPY Technical: Potential Mean Reversion Rebound in Progress Above 200-day MA
Last week’s drop of 2.8% seen in the USD/JPY has almost reached a key support of 151.70. An overstretched decline with high volatility on top of an oversold condition increases the odds of a mean reversion rebound scenario for USD/JPY. Watch the potential upside...
US Fed interest rate decision, Q1 earnings to drive stock markets this week: Analysts, ET BFSI
New Delhi: The US Fed interest rate decision, ongoing quarterly earnings, macroeconomic data and FII trading activity are the major triggers that will drive stock markets this week, analysts said. Investors would also track global market trends and the movement in...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0843; (P) 1.0855; (R1) 1.0869; More….. EUR/USD’s fall from 1.0947 resumed by breaking 1.0825 temporary low and intraday bias is back on the downside. Sustained break of 55 D EMA (now at 1.0815) will argue that whole rebound from 1.0601 has...
Mt. Gox Bitcoin Distribution Underway After a Decade-Long Legal Battle
Zach Anderson Jul 29, 2024 17:50 Mt. Gox begins Bitcoin distribution to creditors after a decade, marking a significant event in crypto history. After more than a decade of legal proceedings, the long-awaited...
PSU banks may get another 2-year extension to comply with MPS norms, ET BFSI
New Delhi, Public sector banks are expected to get another two-year extension to comply with Sebi's minimum public shareholding (MPS) norms, a top government official has said. Out of 12 public sector banks (PSBs), five are yet to comply with MPS norms and the...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2851; (P) 1.2866; (R1) 1.2883; More… GBP/USD’s fall from 1.3043 extends lower today and intraday bias is back on the downside with break of 1.2859 resistance turned support. Decisive break of 55 D EMA (now at 1.2776) will suggest that rise from...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8812; (P) 0.8828; (R1) 0.8853; More… No change in USD/CHF’s outlook and intraday bias stays neutral for consolidations above 0.8776 temporary low. Further decline is expected as long as 0.8923 resistance holds. On the downside, break of 0.8776...
FPIs invest Rs 33,600 cr in equities in July amid continued policy reforms, good earnings season, ET BFSI
Foreign investors injected over Rs 33,600 crore into Indian equities so far this month on the expectation of continued policy reforms, sustained economic growth and a better-than-expected earnings season. However, they pulled out over Rs 7,200 crore from equities in...
Apple releases Apple Intelligence, its long-awaited AI features
Apple Intelligence introduced during Apple's WWDC 2024 in Cupertino, California, on June 10, 2024.Source: Apple Inc.Apple on Monday released the first version of Apple Intelligence, its suite of artificial intelligence features that will improve Siri, automatically...
AT&T sued over nude images from customer phone
Juyochi | Istock | Getty ImagesWireless providers including T-Mobile, AT&T and Verizon have faced a string of lawsuits in recent years from women who allege retail employees stole intimate images or videos from their phones while helping them with in-store data...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 152.96; (P) 153.85; (R1) 154.59; More… No change in USD/JPY’s outlook and intraday bias remains neutral for consolidation above 151.93. Further decline is expected as long as 155.36 support turned resistance holds. On the downside, decisive break of...
Bit5ive principal Richard Acosta banned for five years by NFA
The U.S. National Futures Association (NFA) has announced that it has ordered Richard Alexander Acosta to not apply for NFA membership status for five years, and not to act as a principal of an NFA Member for seven years. Acosta is a former NFA Associate and a...
Indian banks record 15 pc credit growth, surpassing 13pc deposit growth in FY24: BCG report, ET BFSI
New Delhi [India], July 29 (ANI): Unified Payments Interface (UPI) transactions experienced substantial growth, increasing by 57 per cent YoY in FY24. Within this segment, PhonePe and Google Pay dominated, holding a combined market share of 86 per cent, according to...
Trump agrees to victim interview as FBI searches for shooter’s motive
TOPSHOT - Former US president and Republican presidential candidate Donald Trump touches his injured ear during a sound check on the third day of the 2024 Republican National Convention at the Fiserv Forum in Milwaukee, Wisconsin, on July 17, 2024. Andrew...
USDJPY Struggles to Reclaim 20-Period SMA
USDJPY caught in a battle to overcome 20-period SMA Near-term momentum is positive but weak Bulls face an uphill struggle to regain control USDJPY has started the week on a somewhat positive note but it’s proving difficult for the bulls to secure the upper hand as a...
White Matter Advisory acquires 90% stake in Fairexpay
The acquisition of Fairexpay represents a natural extension of White Matter Advisory's strategic vision. This deal aligns perfectly with the company’s goal to expand its capabilities in the fintech space, leveraging their expertise to reduce costs by 3-5%, the company...
‘Deadpool and Wolverine’ box office opening tops $205 million
Hugh Jackman and Ryan Reynolds star in Marvel's "Deadpool and Wolverine."DisneyMarvel is back on top."Deadpool & Wolverine" shattered box office records this weekend, tallying $205 million in domestic ticket sales during its opening, the highest debut of 2024 and...
UK finance chief says public finances show $28 billion spending hole
Britain's Finance Minister Rachel Reeves has pledged to make the "necessary", "urgent" and "incredibly tough" choices to restore the country's economic stability.Pool | Getty Images News | Getty ImagesBritain's Finance Minister Rachel Reeves on Monday announced a raft...
Key Euro Area Data Overshadowed by Developments Elsewhere
Fed meeting and Middle East developments in the foreground Tuesday’s eurozone GDP figures could produce a surprise Wednesday’s inflation report unlikely to unsettle ECB expectations Euro remains under pressure against the pound Fed meeting overshadows key Euro area...
AFCA updates on Latitude Financial Group cyber-attack
The Australian Financial Complaints Authority (AFCA) has provided an update to people with complaints concerning the Latitude Financial Group cyber-attack. Latitude was subject to a cyber-attack in March 2023 that resulted in the theft of personal information. The...
IDFC FIRST Bank Q1 FY 25 PAT at Rs. 681 Crores, Core Operating Profit up 30.2 per cent YOY, ET BFSI
NewsVoirMumbai (Maharashtra) [India], July 29: The Board of Directors of IDFC FIRST Bank, in its meeting held today, approved the unaudited financial results for the quarter ended June 30, 2024.Deposits & BorrowingsTotal Deposits of the Bank increased by 35.8% YOY...
Will BoJ Raise Rates at this Policy Meeting?
BoJ may shake the market with a rate hike The bank plans to unveil a strategy to roughly halve bond Yen recoups some losses with notable bullish correction Decision is due on Wednesday at 03:00 GMT Will BoJ hike rates on Wednesday? At its next meeting, the Bank of...
Executives say prices are too high
A McDonald's Big Mac meal.Lauren Decicca | Getty ImagesMcDonald's executives acknowledged Monday that diners consider the company's prices too high as lower-income consumers balk after years of high inflation.During the company's second-quarter earnings call Monday,...
FCA asks for input on how it can refine retail conduct rules
The UK Financial Conduct Authority (FCA) is asking for input on whether, where and how it can refine its retail conduct rules. The FCA particularly wants to address potential areas of complexity, duplication, confusion, or over-prescription, which create regulatory...
Nikkei rebounds on short covering, but downside threats remain
Nikkei rebounded strongly during Asian session, closing up by more than 800 points or 2.13%. This marked the index’s first day of gains in nine sessions, following a three-month low last week. The stabilization in US tech stocks on Friday helped calm investor...
Concerns over rupee overblown, stable currency benefits equities and exports: Morgan Stanley, ET BFSI
Morgan Stanley has said that investor concern over INR is overblown and a cheap but stable currency benefits both equities and exports.While fundamentals remain strong, the RBI should keep INR competitive, it said."The long INR consensus has reversed recently after...
Family offices give staff equity, profit shares in battle for talent
Thomas Barwick | Digitalvision | Getty ImagesA 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.Family...
Sunset Market Commentary – Action Forex
Markets Today has mostly been a waiting game in the run-up to an economic calendar that shifts into higher gear starting from tomorrow. The were few to no signs of worry about a potential escalation in the Gaza war after Israel retaliated over the weekend on what it...
Oil rises in price amid rising geopolitical tensions in the Middle East. Bitcoin has reached the $70,000 mark :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) Index gained 1.64% (for the week +0.43%), while the S&P 500 (US500) Index gained 1.11% (for the week -1.54%). The NASDAQ Technology Index (US100) closed positive at 1.03% (for the week -3.16%). Market sentiment was...
U.S. airlines cut growth plans for the second half of the year
Airplanes from United and JetBlue and Delta populate the taxiway at Laguardia Airport in the Queens borough of New York City. Bruce Bennett | Getty ImagesU.S. airlines are reducing their capacity through the end of the year in a bid to cool an oversupplied domestic...
REC net profit grows 16 pc, return on net worth up by 19 pc in Q1 FY25, ET BFSI
REC net profit grows 16 pc, return on net worth up by 19 pc in Q1 FY25The Ministry of Power-owned REC Limited has posted a net profit of Rs 3,442 crore, an increase of 16 per cent in the first quarter of the financial year 2025 from the same period last year. Last...
Apple Intelligence AI to release in October: Report
Apple Intelligence capabilities introduced during Apple's WWDC2024 in Cupertino, Calif. on June 10th. 2024.Source: Apple Inc. Apple's new artificial intelligence features will roll out in October, missing the initial launch of iPhone and iPad software updates,...
Dollar Rally Gains Momentum as European Majors Falter
Dollar’s rally is gaining significant traction today, as major European currencies face increasing selling pressure. The break of last week’s lows in both EUR/USD and GBP/USD pairs suggests that the greenback’s rise is poised to extend further in the near term....
A Dive into White Label Solutions Completes Finalto Broker Series
Finalto is pleased to complete its Broker Series whitepapers with a look into white label solutions. The Finalto Broker Series provides detailed insights for brokers on a range of relevant business functions, from tech to compliance. The final edition of the series...
CSB Bank Q1 profit falls 14 pc to Rs 113 crore, BFSI News, ET BFSI
New Delhi, CSB Bank on Monday reported a 14 per cent decline in the June quarter net profit at Rs 113 crore due to an increase in bad loans. The private sector lender had earned a net profit of Rs 132 crore in the year-ago period. However, total income increased to Rs...
USD Analysis: Key Data Releases and Technical Outlook for the Week and intraday. EURUSD
Fundamental Analysis In the absence of high-impact data on Monday, July 29, 2024, market sentiment is focused on the key data releases for the week. First, the Federal Reserve’s interest rate decision is set for Wednesday. While no rate change is expected, any...
Digital technologies are widening gap between capital and labour returns: RBI report, ET BFSI
New Delhi [India], July 29 (ANI): Automation, poses the risk of widening the gap between capital and labour returns, resulting in a fragmented labour market with a dichotomy of low-skill/low-pay and high-skill/high-pay jobs, while middle-tier jobs are increasingly...
Ford, GM, Stellantis face daunting second half of 2024
New Jeep vehicles sit on a Dodge Chrysler-Jeep Ram dealership's lot on October 03, 2023 in Miami, Florida.Joe Raedle | Getty Images News | Getty ImagesDETROIT – The last time shares of Ford Motor dropped by more than 18% in a day, as they did last week, the U.S....
SmallBizLady Summer Reading List 2024 » Succeed As Your Own Boss
It’s Summer, and that means it’s time to grab to good book and grow your expertise. There are many business books that have delivered an array of insightful and actionable reads. Here are a particular set of books that I find valuable for small business owners seeking...
AUD/USD Gains Amid Anticipation for Key Economic Data :: InvestMacro
By RoboForex Analytical DepartmentThe AUD/USD pair is climbing towards 0.6552 on Monday. The Australian dollar is bouncing back from a 12-week low as investors await Australian inflation data.In the past two weeks, the AUD, in the currency pair with the USD, has...
Nikkei rebounds on short covering, but downside threats remain
Nikkei rebounded strongly during Asian session, closing up by more than 800 points or 2.13%. This marked the index’s first day of gains in nine sessions, following a three-month low last week. The stabilization in US tech stocks on Friday helped calm investor...
After Kotak twist & China spies, Hindenburg vs Adani gets murkier as new details emerge in the drama, ET BFSI
After Kotak and the Chinese spy twist, more details have emerged in the Adani-Hindenburg saga. As per the latest details, the US short-seller had shared an advance copy of its report against Adani group with New York-based hedge fund manager Mark Kingdon about two...
RBI amid digital finance surge, ET BFSI
Designing responsible and ethical AI solutions for financial services would necessitate consideration of ten principles - fairness; transparency; accuracy; consistency; data privacy; explainability; accountability; robustness; monitoring and updating; and human...
The upcoming Fed’s Rate-cuts: A Bullish Signal for Bitcoin and other Cryptos?
The upcoming Fed meeting on the 30-31st July has investors and the crypto community on the edge of their seats about the Fed interest rate-cuts in September and its direct impact on cryptocurrencies like Bitcoin. In 2024, we face potential rate cuts, with the...
Bitcoin nears $70,000 as investors digest Trump crypto comments, central bank meetings
Sopa Images | Lightrocket | Getty ImagesCryptocurrencies rose to begin the final week of July as traders digested a slew of political developments that took place over the weekend and looked ahead to central bank meetings this week.Bitcoin was last higher by 2% at...
US 500 Index Bounces Off Long-Term Uptrend Line
US 500 bearish correction in short-term is not enough for retracement Momentum oscillators turn up The US 500 (cash) index rebounded significantly off the long-term ascending trend line and surpassed beyond the 50-day simple moving average (SMA). The bearish correctio...
FSCS starts accepting customer claims against London Court Ltd
The UK Financial Services Compensation Scheme (FSCS) is now open to claims from customers of London Court Ltd. Although FSCS is accepting claims against London Court, they will not be immediately passed to the claims processing teams for assessment. This is because...
Temu, Shein soaring popularity could hit Amazon, Meta, eBay earnings
In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC.Stefani Reynolds | Afp | Getty ImagesTemu and Shein have exploded in the U.S. by going on an online...
UGRO announces co-lending partnership with SIDBI, ET BFSI
UGRO Capital on Monday announced its strategic co-lending partnership with the Small Industries Development Bank of India (SIDBI). This collaboration will facilitate inclusive growth and socio-economic development across the country by enabling MSMEs to access the...
News of the Week (July 29— August 2): GBPJPY Review
The GBPJPY pair, representing the exchange rate between the British Pound and the Japanese Yen, is a pivotal gauge of economic interactions between the United Kingdom and Japan. The British Pound is influenced by domestic factors such as political stability, financial...
LME lists Jeddah as delivery point for copper and zinc
LME announced today that Jeddah in Saudi Arabia has been approved as a Delivery Point for copper and zinc. The listing will become active three months after the first warehouse company has been approved. Warehouse companies applying for approval in Jeddah will need to...
PSBs set to catch up with private sector banks on key metrics: S&P Global, ET BFSI
India's state-owned banks are set to narrow their performance gap with their private sector peers as they reap the rewards of government reform and the nation's rapid economic growth.The government's decision to merge smaller public sector banks that had weak...
Avg cost of data breaches in India reaches $2.18 mn in 2023, spikes by 28%, ET BFSI
The Reserve Bank of India (RBI) in a report released on Monday highlighted that the average cost of data breaches in India reached $2.18 million in 2023, marking a 28% increase since 2020.However, this is less than the global average cost of data breach.As per the RBI...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 196.72; (P) 197.93; (R1) 198.96; More… Intraday bias in GBP/JPY remains neutral for consolidations above 195.84 temporary low. Further decline is expected as long as 202.08 support turned resistance holds. On the downside, sustained trading below...
Solidity in Foundry: Know Everything
Today, Foundry has emerged as one of the most popular development frameworks among blockchain developers. By using Foundry, it is possible to streamline the development as well as the deployment of smart contracts within the Ethereum network. However, it is essential...
Exclusive: Tradition’s ParFX sees 14% decline in 2023 Revenues to $4.8M
FNG Exclusive… FNG has learned via regulatory filings that ParFX, the wholesale electronic spot FX institutional trading venue owned by Compagnie Financière Tradition, saw a 14% decline in Revenues and an even larger drop in profitability in 2023. Revenues at ParFX...
16% uptick in overall outstanding loans in June 2024, ET BFSI
BFSI sector recorded a steady credit with strong growth in overall outstanding loans increasing by approximately 16 per cent on a yoy basis in June, 2024. Deposit growth picked up yoy and is likely to see further uptick in the current rising interest rate regime. On a...
USD/CAD: Bullish Impulse Calling for Breakout
USDCAD is making a pretty strong rise after the Bank of Canada lowered rates by 25 basis points as expected last week. The price is now testing the major trend line resistance of this triangle on the daily chart, and we are wondering if we can see a breakout, which is...
Changes that can hurt you, measures that can lower your tax, ET BFSI
The Union Budget 2024-25 has completely overhauled the capital gains tax framework. Some measures may hurt badly. Homeowners will no longer get the indexation benefit on sale of property, while gains on sale of stocks and equity funds will now attract a higher tax....
Quad foreign ministers spoke in Tokyo on maritime security, cyber
US Secretary of State Antony Blinken (R) prepares to pose for a group photo with Australia's Foreign Minister Penny Wong (2nd R), Japan's Foreign Minister Yoko Kamikawa (2nd L) and India's Foreign Minister Subrahmanyam Jaishankar (L) at the start of their Quad...
Hit It & Quit It with Steven Pope, Alicia Miller, and Thomas Young » Succeed As Your Own Boss
In this episode, Melinda Emerson introduces guests Steven Pope, Alicia Miller, and Thomas Young. They share old school marketing tips and their favorite business tools. The episode concludes with closing remarks and guest acknowledgements. Steven Pope is the founder...
Gold Bounces Off 50-Day SMA
Gold was retreating from its all-time high But the 50-day SMA prevented further declines Despite latest weakness, oscillators remain neutral-to-positive Gold had been in a strong uptrend since late May, which led to a fresh all-time high of 2,483 on July 17. Although...
HK watchdog warns public of suspicious crypto firm Proxinex
The Securities and Futures Commission (SFC) of Hong Kong today warned the public of an entity operating under the name of Proxinex. Proxinex may be engaged in virtual asset-related fraud. Investors reported difficulties in withdrawing virtual assets from Proxinex, and...
Digitalisation in finance paving way for next-generation banking: RBI Guv, ET BFSI
Mumbai, Digitalisation in finance is paving the way for next-generation banking and improving access to financial services at affordable cost, said Reserve Bank Governor Shaktikanta Das on Monday. In the foreword of the Report on Currency and Finance (RCF) for...
Indian fintech NBFCs sanctioned 9 cr loans worth record Rs 98,111 cr in FY24: Report, ET BFSI
New Delhi, Contributing to India's digital inclusion, fintech Non-Bank Financial Companies (NBFCs) sanctioned nearly 9 crore loans worth Rs 98,111 crore in FY24, doubling their share in six years, a report showed on Monday. This accounts for 65 per cent of loan...
Tips to Make Discussing Fees with Prospects More Comfortable » Succeed As Your Own Boss
Discussing fees with prospects can be one of the most challenging parts of the sales process, especially for women entrepreneurs. It’s a sensitive topic that, if not handled well, can lead to discomfort, misunderstanding, or even the loss of a potential client....
Biden rolls out plan to overhaul the Supreme Court
U.S. Supreme Court Justices attend as U.S. President Joe Biden delivers the State of the Union address at the U.S. Capitol in Washington, D.C., March 7, 2024. Evelyn Hockstein | ReutersPresident Joe Biden on Monday unveiled a three-pronged proposal to reform the...
Will Fed Signal a September Rate Cut?
Fed sees inflation on a path to remain low Investors expect three 25bps rate cuts by January Fed to keep rates untouched, focus on guidance The decision is published on Wednesday at 18:00 GMT Data bolster Fed’s confidence At its latest gathering in June, the FOMC...
Valereum partners with Tokeny on VLRM’s Real World Asset marketplace
Valereum Plc will collaborate with Tokeny as a technology provider for VLRM’s Real World Asset (RWA) marketplace. Valereum aims to establish and operate a RWA marketplace utilising Tokeny’s technology solutions, to enable the primary issuance and bulletin board-based...
New charges, late payment fee, bill payment rules, and more, ET BFSI
HDFC Bank has made some important changes regarding terms and charges for its credit card customers. These changes are effective from August 1, 2024, as per the HDFC Bank website.New HDFC Bank credit card fees, charges applicable from August 1, 2024Rental...
AUD/USD Gains Amid Anticipation for Key Economic Data
The AUD/USD pair is climbing towards 0.6552 on Monday. The Australian dollar is bouncing back from a 12-week low as investors await Australian inflation data. In the past two weeks, the AUD, in the currency pair with the USD, has fallen more than 3%. This happened...
Bitcoin people getting milked for donations by US Senator
Senator Cynthia Lummis says she wants to convert excess reserves at the 12 Federal Reserve banks into bitcoin over five years.Lummis is at the Bitcoin 2024 conference, where she is all in on extracting money from the crowd. She is quite sucessful too, top donors have...
Vantage partners with Everest Fortune on VIP Chat Room
Leading multi-asset broker Vantage has announced that Vantage Australia is launching a VIP Chat Room, enhancing their Premium Service portfolio. This development is in collaboration with Everest Fortune Group, a renowned research house that provides advice to some of...
BofA, BFSI News, ET BFSI
Mumbai: The rupee may have recently charted new lows against the US dollar, but market players are not unduly worried, with a senior Bank of America executive pointing to key metrics that reflect stability in the local currency and fundamental drivers that will boost...
WTI Outlook: Oil Price Rises on Growing Geopolitical Tensions But Still Holding Under Key Resistances
WTI oil opened with gap higher on Monday, as supply worries rose after the latest escalation of the conflict in the Middle East, which threatens of deepening crisis. The price bounced from last week’s low, retracing around 50% of Friday’s 2.4% drop, but so far holding...
McDonald’s (MCD) Q2 2024 earnings
A McDonald's restaurant is viewed on July 22, 2024 in Burbank, California.Mario Tama | Getty ImagesMcDonald's is expected to report second-quarter earnings before the bell on Monday.Here's what Wall Street analysts surveyed by LSEG are expecting the company to...
Quiet Forex Session Precedes Three Central Bank Meetings and High-Impact Data
Trading in the forex markets has been notably subdued during the Asian session today, even as major Asian stock indexes showed strong rebounds. This muted activity in currency trading is not surprising given that it’s a typical Monday, coupled with an ultra light...
Binance Launches ‘Word of the Day’ Game Offering 500,000 Points in Rewards
Timothy Morano Jul 29, 2024 03:10 Binance introduces the 'Word of the Day' game, allowing users to earn from a pool of 500,000 Binance Points by enhancing their crypto vocabulary. Binance, a leading...
eToro issues LUNC update – FX News Group
Online broker eToro today published a brief notice regarding the LUNC token (Terra Classic). The LUNC asset will remain in close-only mode until eToro has more clarity. The full announcement by eToro can be found below: LUNC UPDATE Following a notice sent by the Terra...
Binance to Update Collateral Ratios for Portfolio Margin Assets
Iris Coleman Jul 29, 2024 03:50 Binance will update the collateral ratios for multiple assets under Portfolio Margin on July 30, 2024. The changes may impact users' Unified Maintenance Margin Ratio (uniMMR). ...
EQT closing in on Aavas Financiers, Rs 7,000 cr deal up for grabs, ET BFSI
Mumbai: Buyout group EQT has emerged as a top contender to acquire affordable housing finance company Aavas Financiers Ltd (formerly AU Housing Finance Ltd) as promoters, private equity firms Kedaara Capital and Partners Group, are looking to exit their eight-year-old...
RBI’s new LCR guidelines may intensify competition for retail deposits, hit bank margins, ET BFSI
The Reserve Bank of India (RBI) has released new draft guidelines on the management of liquidity coverage ratio (LCR), which are expected to increase credit costs for banks, pressure margins, and drive demand for short-term government securities. These guidelines aim...
Balancing long-term vision with short-term volatility, ET BFSI
The government has made a conscious effort to address the rural distress. Higher spend will create more rural jobs and revive the rural economy. It allocated ₹1.52 lakh cr for agriculture and allied services. The Indian government's FY25 budget struck the path of...
Weekend: Trump Bitcoin pump, “Will not sell govmt BTC, on day one will fire Gary Gensler”
Trump spoke at Bitcoin 2024 in Nashville, Tennessee, making a number of promises re crypto:He said he would not sell any of Federal government bitcoin holdings, creating the core of a "strategic national bitcoin stockpile""If I am elected, it will be the policy of my...
FX option expiries for 29 July 10am New York cut
There is arguably just one to take note of on the day, as highlighted in bold.That being for USD/JPY at the 154.00 mark. Amid the bigger swings in the past two weeks, the expiry level might be one to watch in terms of keeping a lid on price action in the session...
Trump didn’t match RFK Jr.’s promise to build a ‘bitcoin Fort Knox’ — here’s why
Republican presidential nominee and former U.S. President Donald Trump speaks as he campaigns in Charlotte, North Carolina, on July 24, 2024.Marco Bello | ReutersNASHVILLE — Former President Donald Trump stopped short of promising to establish an official U.S. bitcoin...
ElevenLabs Enhances Dubbing API with Increased File Upload Limits
Peter Zhang Jul 28, 2024 11:07 ElevenLabs has upgraded its Dubbing API, raising the file upload limit from 500MB to 1GB and extending the duration from 45 minutes to 2.5 hours. ElevenLabs has announced a...
Filecoin (FIL) Network Upgrade NV23 ‘Waffle’ to Enhance Performance and Integration
Felix Pinkston Jul 28, 2024 11:40 Filecoin (FIL) announces NV23 'Waffle' upgrade, enhancing network performance and integrating Ethereum transactions. Filecoin (FIL) is set to roll out its latest network...
AMD Unveils Amuse 2.0 Beta with XDNA™ Super Resolution for AI Image Generation
Joerg Hiller Jul 28, 2024 12:34 AMD introduces Amuse 2.0 Beta, featuring AMD XDNA™ Super Resolution, enhancing AI image generation on Ryzen™ AI and Radeon™ RX 7000 series. AMD has announced the launch of Amuse...
How the massive power draw of generative AI is overtaxing our grid
Thanks to the artificial intelligence boom, new data centers are springing up as quickly as companies can build them. This has translated into huge demand for power to run and cool the servers inside. Now concerns are mounting about whether the U.S. can generate...
IBM Research Advances Explainable AI with New Tools and Visualizations
Alvin Lang Jul 28, 2024 12:13 IBM Research is pioneering diverse tools to explain black-box models and visualize neural network information flows, enhancing trust in AI systems. IBM Research is making...
McDonald’s, Wendy’s, Burger King vie for low-income diners
The McDonald's logo is displayed at a McDonald's restaurant in Burbank, California, on July 22, 2024.Mario Tama | Getty ImagesSubway started phasing out its $5 footlong sandwiches a decade ago. But these days, other fast-food chains have revived the $5 price point,...
OKX Ventures Invests in aPriori: MEV Powered Liquid Staking Platform
Lawrence Jengar Jul 28, 2024 11:52 OKX Ventures announces seed round investment in aPriori, an MEV powered liquid staking platform on Monad, enhancing node-level infrastructure. OKX Ventures, the investment arm...
Fireblocks Introduces Self-Service Tools to Empower Blockchain Startups
Caroline Bishop Jul 24, 2024 19:39 Fireblocks launches a suite of self-service tools to help blockchain startups innovate quickly and securely. Q1 2024 marked a significant milestone for Web3 venture funding,...
Luminary Cloud Accelerates Engineering Simulations with NVIDIA GPUs
Caroline Bishop Jul 28, 2024 10:20 Luminary Cloud leverages NVIDIA GPUs to speed up engineering simulations, addressing industry challenges and enhancing productivity. Engineering simulation is a critical tool...
Polygon (MATIC) CDK Integrates Bridged USDC Standard for Enhanced Stability
Ted Hisokawa Jul 24, 2024 19:55 Polygon (MATIC) CDK is the first chain development kit to integrate Circle's Bridged USDC Standard, offering seamless upgrades and improved liquidity. Polygon (MATIC) CDK has...
FX week in review: NCM expands in the UK, CFI brand ambassador, IG and CMC results, Asia hires at SquaredFinancial and Scope
Which senior executives were hired in the UK by Kuwait based CFDs broker NCM Financial, as NCM UK received an FCA license? Which global sports icon is the new Brand Ambassador for CFI? How did the latest results look for leading UK based brokers IG Group, and CMC...
Here’s how Digital Public Infrastructure (DPI) reforms will revolutionise stock market, ET BFSI
The finance minister recently announced the implementation of Digital Public Infrastructure (DPI) in agriculture to cover farmers and their lands. This initiative is a part of the broader Digital India campaign, which is built on the foundation laid by the National...
Eternal Paradox Season 5 Nears Climax with Final Battle for The Ring
Peter Zhang Jul 26, 2024 01:15 Season 5 of Eternal Paradox is reaching its peak as players prepare for the final battle for The Ring. Guilds have showcased their prowess, but the ultimate showdown is imminent. ...
Forex and Cryptocurrency Forecast – Action Forex
EUR/USD: Europe is Not Doing Very Well, the US is Not Doing Very Badly The main events in the currency market will unfold in the upcoming week, with meetings scheduled for Wednesday, 31 July, when the Bank of Japan and the Federal Reserve’s FOMC (Federal Open Market...
What is the difference between tax exemption and tax deduction?, ET BFSI
Every year, before you pay income tax and file your tax returns, you avail of certain benefits that slash your tax liability. Referred to as exemptions and deductions, these benefits help reduce your taxable income. While most of these benefits have been removed from...
Blinken chides Beijing’s ‘escalating actions’ at sea, concerned over Taiwan
TOPSHOT - US Secretary of State Antony Blinken (L) shakes hands with China's Foreign Minister Wang Yi as they meet on the sidelines of the 57th Association of Southeast Asian Nations (ASEAN) Foreign Ministers' Meeting in Vientiane on July 27, 2024. Achmad Ibrahim |...
NVIDIA Kaolin Library Integrates Advanced Elastic Simulation Techniques
Iris Coleman Jul 26, 2024 01:35 NVIDIA Kaolin Library's latest release introduces Simplicits, enabling advanced elastic simulations on diverse 3D models, enhancing applications in AR/VR, robotics, and more. ...
NVIDIA Unveils VISTA-3D NIM Microservice for Advanced CT Scan Analysis
Terrill Dicki Jul 28, 2024 07:58 NVIDIA introduces VISTA-3D NIM microservice, enhancing CT scan analysis with advanced organ and disease segmentation capabilities. Over 300 million computed tomography (CT) scans...
ICICI Bank has posted a net profit growth of 14.6 pc, NII up by 7.3 pc, ET BFSI
New Delhi [India], July 28 (ANI): Private sector banking major, ICICI Bank has posted a net profit growth of 14.6 per cent year-on-year (YoY) in the first quarter of financial year 2025 (Q1FY25), reaching to Rs 11,059 crore.The net interest income (NII) of the bank...
Bank credit continues to outpace deposit growth, BFSI News, ET BFSI
MUMBAI: The annual increase in bank credit continues to outpace deposit growth by a high margin even after the base effect created by the merger of HDFC with HDFC Bank dissipated post-merger. According to data released by RBI, bank credit grew by 14% year on year as...
Farcaster Frames Integrates Polygon (MATIC) PoS Transactions, Launches $500k Grants Program
Alvin Lang Jul 26, 2024 01:50 Farcaster Frames now supports Polygon (MATIC) PoS transactions and has launched a $500k MATIC grants program to encourage builder innovation. Farcaster Frames has announced its...
Election, heatwave impact bring down IndusInd Bank’s Q1 disbursements, ET BFSI
Private sector lender IndusInd Bank on Friday said that elections and the heatwave across the country led to slow disbursements in the June quarter. The bank which also saw its asset quality worsen sequentially, said it expects improvements in the September...
Arkham Integrates with Coinbase Wallet for Enhanced Tracking
Peter Zhang Jul 26, 2024 02:12 Arkham now supports Coinbase Wallet integration, enabling users to track their crypto holdings and transactions directly on the platform, according to Arkham Intelligence. Arkham...
Yes Bank in stake sale talks to give exit to its lenders, ET BFSI
Mumbai: Private sector lender Yes Bank is working towards giving an exit to its current shareholders, particularly State Bank of India (SBI), managing director and chief executive Prashant Kumar told ET. Kumar also confirmed that the lender is in talks with potential...
RBI deputy chief, ET BFSI
Mumbai, The Indian financial system is stronger than in the past and the country's economy is an outlier which is growing steadily even as the global financial system is facing strong headwinds, according to RBI Deputy Governor M. Rajeshwar Rao. "If we exclude...
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF’s fall from 0.9772 extended to 0.9519 last week but recovered since then. Initial bias is turned neutral this week for consolidations first. Further decline is expected as long as 0.9641 support turned resistance holds. Rebound from 0.9476 should have...
Vitalik Buterin and Anoma Founders Discuss ZK Potentials in Web3 Social Protocols
Jessie A Ellis Jul 26, 2024 02:36 Vitalik Buterin and Anoma founders delve into Zero-Knowledge Proofs' potential in Web3 social protocols at ETHCC[7] in Brussels. During the ETHCC[7] in Brussels on July 9th,...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD’s rise from 1.5996 accelerated to as high as 1.6642 last week but retreated since then. Initial bias remains neutral this week for consolidations. Further rally is expected as long as 1.6384 support holds. Corrective fall from 1.7062 should have completed with...
Axis Bank misses Q1 profit expectations due to higher credit costs, ET BFSI
Axis Bank reported a 15% quarter-on-quarter decline in profit after tax (PAT) for Q1 FY25 to Rs 603 5 crore. This figure fell short of BNP Paribas expectations and consensus estimates by 5% and 3.7%, respectively. The primary cause of the shortfall was a rise in...
Anyscale and MongoDB Collaborate to Enhance Multi-Modal Search
Terrill Dicki Jul 26, 2024 03:04 Anyscale and MongoDB join forces to revamp multi-modal search, offering scalable solutions and improved search relevance for e-commerce platforms. Anyscale, a leading AI...
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP’s recovery from 0.8382 extended higher last week but outlook will stay bearish as long as 0.8498 resistance holds. Initial bias remains neutral this week first. Firm break of 0.8382 will resume larger down trend. In the bigger picture, down trend from 0.9267...
SingularityNET (AGIX) Biweekly Development Report Highlights Key Progress
Timothy Morano Jul 27, 2024 15:21 SingularityNET (AGIX)'s latest biweekly report reveals significant advancements in its decentralized AI platform, covering developer tools, Daemon updates, and UI enhancements. ...
City Union Bank posts 16% growth in Q1, BFSI News, ET BFSI
CHENNAI: Private sector City Union Bank (CUB) on Friday posted 16% growth in profit after tax (PAT) at Rs 264 crore in the quarter ended June 30, 2024 against Rs 227 crore in the corresponding quarter of last year. Its total deposits increased by 6% in Q1 FY25 at Rs...
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY’s fall from 175.41 accelerated to as low as 164.81 last week, but recovered ahead of 164.29 resistance turned support. Initial bias remains neutral this week for consolidations. Risk will stay on the downside as long as 169.98 resistance holds. On the...
All you should know, ET BFSI
The Reserve Bank of India (RBI) recently issued a new framework on Domestic Money Transfer (DMT) for regulated firms, making stricter Know Your Customer (KYC) record standards, focusing on banking services, payment systems. The new guidelines will come into effect...
Donald Trump headlines Bitcoin 2024, after a U-turn on crypto
Republican presidential nominee and former U.S. President Donald Trump walks off stage after speaking at a campaign rally at the Van Andel Arena in Grand Rapids, Michigan, on July 20, 2024.Anna Moneymaker | Getty ImagesNASHVILLE — Former president Donald Trump...
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY’s fall from 208.09 accelerated to as low as 195.84 last week, but recovered after breaching 38.2% retracement of 178.32 to 208.09 at 196.71 briefly. Initial bias remains neutral this week for consolidations. Risk will stay on the downside as long as 202.08...
dYdX Domain Faces Repeated DNS Hijacking Incidents
Rongchai Wang Jul 26, 2024 03:41 dYdX's domain suffered multiple DNS hijacking attacks due to vulnerabilities in Squarespace's OAuth and account recovery protocols, highlighting broader security concerns. dYdX,...
USD/CAD Weekly Outlook – Action Forex
USD/CAD surged to as high as 1.3848 last week and breached 1.3845 high, but turned sideway since then. Initial bias remains neutral this week first and some more consolidations could be seen. Further rally is expected as long as 55 4H EMA (now at 1.3755) holds....
Banks are closed for 13 days in August 2024; Check state-wise bank holiday list, ET BFSI
All public and private sector banks across India will remain closed for up to 13 days including Sundays, national, regional, second and fourth Saturday of the month. Festivals in the month of August Banks are closed on the occasion of Ker Puja, Tendong Lho Rum Faat,...
EigenLayer Introduces AVS Rewards and EIGEN Programmatic Incentives
Lawrence Jengar Jul 27, 2024 14:40 EigenLayer is set to launch AVS rewards and EIGEN programmatic incentives to benefit stakers and operators, distributing at least 4% of EIGEN's total supply. EigenLayer is...
USD/CHF Weekly Outlook – Action Forex
USD/CHF edged lower to 0.8776 last week but recovered again. Initial bias stays neutral this week first. As long as 0.8923 resistance holds, further decline is expected. On the downside, break of 0.8776 will resume the fall from 0.9223 to 61.8% retracement of 0.8332...
Manoj Mittal takes charge as CMD of SIDBI, BFSI News, ET BFSI
Manoj Mittal takes charge as Chairman and Managing Director of SIDBINew Delhi, Manoj Mittal has taken charge as Chairman and Managing Director of Small Industries Development Bank of India (SIDBI), following his appointment by the Centre. Prior to this, he was the...
Three including bank employee arrested for fraud, BFSI News, ET BFSI
Gurugram, A cyber crime team of the Gurugram Police have arrested three persons including a bank official for allegedly cheating people on the pretext of earning money daily, police said. Police said on March 23 they received a complaint in which the complainant...
GBP/USD Weekly Outlook – Action Forex
GBP/USD gyrated lower last week but failed to break through 1.2859 resistance turned support decisively. Initial bias remains neutral first. Further rally is in favor. Break of 1.3043 will resume the rise from 1.2298. However, firm break of 1.2859 will turn bias to...
OpenAI Introduces SearchGPT Prototype for Enhanced AI Search Features
Jessie A Ellis Jul 26, 2024 03:57 OpenAI launches SearchGPT, a new AI search prototype aimed at delivering fast and accurate responses with clear and relevant sources. OpenAI has unveiled SearchGPT, a prototype...
Upcoming US Election to Shape Future of Crypto Regulation
Caroline Bishop Jul 27, 2024 13:40 The US election could dramatically reshape crypto policy, with key figures like Kamala Harris and Donald Trump taking center stage. The US political landscape has reshaped...
PAT falls 52% to Rs 63 crore, ET BFSI
The bank made a 33% higher provisions and contingencies of Rs 169 crore, in line with rise in gross non-performing assets ratio to 6.6% at the end of June from 1.65% a year back.Its net interest income remained flat at Rs 588.4 crore while total income was merely 3.7%...
USD/JPY Weekly Outlook – Action Forex
USD/JPY’s fall from 161.94 extended to as low as 151.93 last week, but recovered after breaching 151.98 resistance turned support briefly. Initial bias remains neutral this week for consolidations. Risk will stay on the downside as long as 155.36 support turned...
EUR/USD Weekly Outlook – Action Forex
EUR/USD dipped to 1.0825 last week but turned sideway since then. Initial bias remains neutral this week first and further fall is in favor as long as 1.0896 minor resistance holds. Below 1.0825 will target 55 D EMA (now at 1.0815). Sustained break there will argue...
PAT slumps 87% to Rs 26 crore on jump in provisions, contingencies, ET BFSI
Equitas Small Finance Bank on Friday reported a 87% year-on-year drop in net profit at Rs 26 crore, on account of a five-fold rise in provisions and contingencies.The bank said that it has set aside Rs 180 crore in the form of floating provisions to strengthen its...
Meta Llama Boosts Conversational Abilities of AI Study Buddy on WhatsApp and Messenger
Tony Kim Jul 26, 2024 04:14 Meta AI's new enhancement allows students to receive conversational help with schoolwork via WhatsApp and Messenger. Meta AI has announced a significant enhancement to its AI-enabled...
Chinese dominance in Indonesia’s nickel industry during EV Boom
Nickel mining in Indonesia has surged, making it the world's top producer of the metal. With over 14 active mines, Indonesia supplies more than 40% of global nickel demand, driven by its crucial role in electric vehicle (EV) batteries."Nickel is needed for the...
Multiple Themes Play Out in Turbulent Week, Yield Curve De-Inversion Most Significant
It was a highly volatile week which cannot be characterized by a single theme. Yen had a sharp and robust rally against all major currencies, continuing its rebound from the 38-year lows hit earlier this month, with market participants unwinding their long-held short...
Net profit rises 19% to Rs 182 crore, ET BFSI
State-owned Punjab & Sind Bank on Friday reported a 19 per cent rise in net profit to Rs 182 crore in the June 2024 quarter, helped by a decline in bad loans. The Delhi-based lender had earned a net profit of Rs 153 crore in the year-ago period. During the...
AUD/USD Weekly Report – Action Forex
AUD/USD’s fall from 0.6798 accelerated to as low as 0.6513 last week but recovered after breaching 61.8% retracement of 0.6361 to 0.6798 at 0.6528 briefly. Initial bias remains neutral this week for consolidations. Further fall is expected as long as 55 4H EMA (now at...
Anthropic Voices Concerns Over SB 1047
Luisa Crawford Jul 26, 2024 04:55 Anthropic has expressed its position on SB 1047, highlighting potential implications for AI development and ethical considerations, according to its official news release. ...
Net profit soars 47% on healthy business expansion, lower credit cost, ET BFSI
Bandhan Bank's net profit for the June quarter soared 47% year-on-year at Rs 1063 crore backed by healthy business expansion and lower credit cost.The net profit was Rs 721 crore in the year ago quarter.The bank's net interest margin for the quarter rose 30 basis...
Food delivery fees are rising, and everyone’s feeling the pinch
A food delivery messenger is seen in Manhattan. Luiz C. Ribeiro | New York Daily News | Tribune News Service | Getty ImagesFood from the restaurant of your choosing, delivered right to your door — at what cost?Third-party food delivery is becoming the norm for...
Ethereum.org Translatathon Returns with $30,000 Prize Pool
Timothy Morano Jul 26, 2024 05:17 The Ethereum.org Translatathon is back, offering participants a chance to translate content and win a share of $30,000 in prizes. The ethereum.org Translatathon is making a...
Revenue Secy Sanjay Malhotra, ET BFSI
Talks over a global tax deal are continuing well past a June 30 deadline and governments are now looking to a Group of 20 finance leaders' meeting in Brazil for progress.India will not sign a global corporate tax deal focused on highly profitable multinational firms...
Bitcoin’s Blockspace Challenges for Data Availability and Rollups
Tony Kim Jul 27, 2024 09:33 Exploring the challenges Bitcoin's blockspace presents for Rollups using it as a data availability layer, focusing on costs, competition, and potential solutions. Bitcoin’s blockspace...
India’s forex reserves jump $4 billion to record high of $670.857 billion: RBI, ET BFSI
NEW DELHI: India's foreign exchange reserves surged by $4 billion to reach $670.857 billion for the week that ended on July 19, according to the Reserve Bank of India (RBI) on Friday.The overall reserves had jumped by $9.699 billion to an all-time high of $666.854...
Profit jumps 25% to Rs 433 crore, ET BFSI
PNB Housing Finance has reported a 25% growth on year in the first fiscal to get a profit of Rs. 433 crores, from Rs. 347 crores a year ago as the company saw good productivity in the 100 branches it added from December last year to March 2024.PNB Housing, an arm of...
Global economic ‘soft landing’ encourages G20 financial heads, ET BFSI
Rio de Janeiro: G20 financial leaders will say Friday there is a rising likelihood of a global economic "soft landing", but warn wars and escalating conflicts could endanger this outlook, as per the final draft of a joint communique seen by Reuters.The statement is...
Arkham Introduces Username Claim Feature for Users
Zach Anderson Jul 27, 2024 09:53 Arkham Intelligence announces a new feature allowing users to claim unique usernames on the platform. Arkham Intelligence has rolled out a new feature that allows users to claim...
Weekly Economic & Financial Commentary: Wake Me Up When September Ends
Summary United States: Economic Resilience or Reticence? The U.S. economy defied expectations in the second quarter, expanding at a 2.8% annualized pace. Despite the upside surprise, we still see enough softening in inflation and signs of stress to warrant a rate cut...
JD Vance defends Harris childless cat ladies comment
Republican vice presidential nominee, U.S. Sen. J.D. Vance (R-OH) speaks at a campaign rally at Radford University on July 22, 2024 in Radford, Virginia.Alex Wong | Getty ImagesSen. JD Vance, the running mate of former President Donald Trump, on Friday defended his...
SBI Amrit Vrishti FD interest rate vs other big banks’ 400-day fixed deposits, ET BFSI
State Bank of India (SBI) has introduced a new special fixed deposit (FD) known as SBI Amrit Vrishti, offering higher interest rates for a limited time. Here is a comparison of the interest rates for SBI Amrit Vrishti FD with other banks like PNB, Canara, Bank of...
The Weekly Bottom Line: All Eyes on Next Week’s Fed Meeting
U.S. Highlights The U.S. economy accelerated in the second quarter, growing by 2.8% (annualized), up from 1.4% in the first quarter. At the same time, inflation cooled to 2.5% year-on-year (y/y) in June, as measured by the personal consumption expenditure deflator....
Sitharaman confident she can make savings easier, raise income levels in rural India, ET BFSI
While India handles a fast growing economy, Nirmala Sitharaman who presented the Union Budget recently asserted that she can make savings easier for those residing in rural areas through rate rationalisation."I can ease people's savings, I can facilitate them in the...
Exploring UX for AI Agents: Chat Interfaces
Ted Hisokawa Jul 27, 2024 04:20 LangChain Blog delves into the UX challenges of AI agents, focusing on chat interfaces in a multi-part series. At Sequoia’s AI Ascent conference in March, LangChain Blog...
Trump to hold rally in Butler, Pennsylvania, where he survived assassination attempt
Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, on July 13, 2024.Brendan Mcdermid | ReutersFormer President Donald Trump on Friday vowed to hold another campaign...
RBI fines Visa, Ola Financial and Manappuram for contravention of PPI, KYC rules, ET BFSI
MUMBAI: The Reserve Bank of India on Friday imposed monetary penalties on Ola Financial Services and Manappuram Finance for non-compliance of KYC norms. It has imposed a fine on Visa Worldwide Pte ltd for non-compliance of directions.Two separate fines were imposed on...
Markets Weekly Outlook: Central Banks and US Earnings. Will BoJ Hike Rates?
Global markets experienced a volatile week, influenced by a tech selloff, China growth concerns, and anticipation of central bank decisions and US earnings reports Despite the volatility and tech led selloff, US equity funds saw inflows. Central bank meetings,...
G-sec demand may rise by Rs 4-5 lakh cr as new LCR norms come into play, ET BFSI
Mumbai: Demand for short-term government securities is expected to rise between ₹4 lakh crore and ₹5 lakh crore, with the banking regulator proposing to revise norms on the computation of Liquidity Coverage Ratio (LCR), said officials from rating companies and bank...
Direct link to apply, ET BFSI
The Reserve Bank of India (RBI) has started the registration process for 94 Grade B officer positions on its official website. Interested and eligible candidates can visit the official website of RBI, i.e., website.rbi.org.in, for the registration process. The...
FM Sitharaman explains the rationale behind removing the decade-old tax, ET BFSI
The Narendra Modi government's decision to scrap angel tax in the Union Budget was taken to remove the hindrances that startups face in the country, Union Finance Minister Nirmala Sitharaman revealed in an interview with The Economic Times on Thursday."Two years ago,...
Biden will announce Supreme Court reform plans on Monday, Politico reports
U.S. President Joe Biden meets with Israeli Prime Minister Benjamin Netanyahu (not pictured) in the Oval Office at the White House in Washington, U.S., July 25, 2024. Elizabeth Frantz | ReutersU.S. President...
Summary 7/29 – 8/2
Monday, Jul 29, 2024 Tuesday, Jul 30, 2024 Wednesday, Jul 31, 2024 Thursday, Aug 1, 2024 Friday, Aug 2, 2024 The post Summary 7/29 – 8/2 appeared first on Action Forex.
NVIDIA and Mistral Launch NeMo 12B: A High-Performance Language Model on a Single GPU
Iris Coleman Jul 27, 2024 05:35 NVIDIA and Mistral have developed NeMo 12B, a high-performance language model optimized to run on a single GPU, enhancing text-generation applications. NVIDIA, in collaboration...
Binance Leads But Faces Competition: 2024 Centralized Crypto Exchange Market Share Report
Darius Baruo Jul 27, 2024 07:20 Binance retains the top spot with 46.6% market share, while Bybit and Gate show significant growth. Upbit experiences the largest drop. According to a recent report by CoinGecko,...
PAT up 29.7% at Rs 942 crore, ET BFSI
Cholamandalam Investment and Finance Company has reported a 29.7 per cent growth in its profit after tax for the April-June 2024 quarter at Rs 942 crore. The company, which is the financial services arm of diversified conglomerate Murugappa Group, had registered a...
USD/CAD Rally Pauses: Awaiting Next Correction
The USD/CAD pair ended its continuous upward trend on Friday, 26 June 2024, settling around 1.3813, signalling a potential shift towards correction. The Bank of Canada decided to lower the interest rate from 4.75% p.a. to 4.50% p.a. at its meeting this week. Overall,...
AU Small Finance Bank to apply for universal bank licence by Aug-end, ET BFSI
New Delhi, AU Small Finance Bank Managing Director Sanjay Agarwal on Thursday said the lender will apply for universal bank licence to the Reserve Bank of India (RBI) next month. "The board has decided to go for a universal licence and approved the constitution of a...
AssemblyAI Unveils Enhanced PII Redaction and Entity Detection Features
Jessie A Ellis Jul 26, 2024 05:52 AssemblyAI introduces advanced PII Redaction in 47 languages and adds 16 new entity types to its Entity Detection model, ensuring 99% accuracy. AssemblyAI has announced...
Oil Price Reversal Ahead? Chart Patterns Indicate Possible Bounce at Support
Oil prices have faced challenges recently, but buying pressure prevented a drop below $80. Technical indicators suggest potential for an upward bounce, with key resistance levels to watch. Fundamental factors like Canadian wildfires, US stockpiles, and rate cut...
Banks need to focus on their core business: Nirmala Sitharaman, ET BFSI
Banks need to get back to their core business of mobilising deposits and lending, finance minister Nirmala Sitharaman said, laying down a marker for them amid concerns over slowing deposit growth.The 12.5% capital gains tax on property without indexation, which the FM...
Gold Technical: Recent Sell-off May Have Reached a Potential Bullish Reversal Level at US$2,353
The recent weakness seen in Gold (XAU/USD) is likely to be driven by US politics as the “Gold premium” has moved in synch with the betting odds of Republican nominee Trump winning the US Presidential Election. The US Treasury market is likely to take a driver’s seat...
FAA approves SpaceX to resume Falcon 9 rocket launches
A Falcon 9 rocket launches a Starlink mission on January 31, 2023 from Vandenberg Space Force Base in California.SpaceXThe Federal Aviation Administration has approved SpaceX to resume flights of its mainstay Falcon 9 rocket after a brief grounding, with Elon Musk's...
Pantera Capital Invests in aPriori, Enhancing Digital Manufacturing Solutions
Ted Hisokawa Jul 26, 2024 06:09 Pantera Capital announces investment in aPriori, a firm specializing in digital manufacturing software solutions, to drive innovation and efficiency in the manufacturing sector. ...
Dexcom shares plunge more than 40% after Q2 earnings
Dexcom shares sank more than 40% on Friday and headed for their worst day ever after the diabetes management company reported disappointing revenue for the second quarter and offered weak guidance. The stock fell $45.38 to $62.47 as of early afternoon, wiping out...
‘Banks to follow home loan growth story for MSMEs’, BFSI News, ET BFSI
NEW DELHI: Banks will be asked to tap into the "digital footprint" of small businesses, including salary payments, electricity bills and municipal taxes paid by them, along with GST and provident fund details, to decide on loans given to them as govt seeks to...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 152.48; (P) 153.40; (R1) 154.86; More… Intraday bias in USD/JPY remains neutral as consolidations continue above 151.93 temporary low. Risk will stay on the downside as long as 155.36 support turned resistance holds. Decisive break of 151.89...
NBA, media partners to reevaluate WNBA rights after 2028 season
Connecticut Sun forward Brionna Jones (left) and Los Angeles Sparks forward Cameron Brink (22) fight for ball possession during a WNBA game between the Sparks and the Sun on June 18, 2024, at Mohegan Sun Arena in Uncasville, CT.Anthony Nesmith | Icon Sportswire |...
US: Consumers Close Q2 on an Upbeat Note, But Momentum Unlikely to be Sustained
Personal income grew 0.2% month-on-month (m/m) in June, down from May’s 0.4% gain, and below market expectations (also 0.4%). Accounting for inflation and taxes, real personal disposable income growth slowed in June, up 0.1% m/m, relative to a 0.3% gain in May...
Maggie Joins The Walking Dead: Empires as Newest NFT Hero
Iris Coleman Jul 26, 2024 06:39 The Walking Dead: Empires introduces Maggie as a new NFT Hero, available for purchase starting July 26 at 7am PT. In an exciting development for fans of both NFTs and The Walking...
PAT up 30% to Rs 503 crore, NII up 54%; to apply for universal banking licence, ET BFSI
AU Small Finance Bank on Thursday formalised a plan to make an application for universal banking license while reporting a 30% year-on-year rise in net profit for the June quarter at Rs 503 crore.The bank has received its board approval for applying for the coveted...
PyTorch Revolutionizes AI Accessibility for Developers
Felix Pinkston Jul 26, 2024 07:17 PyTorch, the deep-learning framework, is significantly enhancing AI accessibility for developers, backed by AMD's robust hardware support. PyTorch, the deep-learning framework,...
RBI imposes penalties on three payment system operators, BFSI News, ET BFSI
The Reserve Bank of India (RBI) has imposed penalties on three payment system operators for deficiencies in regulatory compliance. These include Visa Worldwide, Ola Financial Services and Manappuram Finance.A penalty of Rs 2.4 crore has been imposed on Visa Worldwide...
Warner Bros. Discovery sues NBA over Amazon media rights
Adam Silver at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho.David Grogan | CNBCWarner Bros. Discovery sued the National Basketball Association on Friday as it tries to maintain broadcast rights for a package of live games."Given...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8776; (P) 0.8818; (R1) 0.8858; More… Intraday bias in USD/CHF is turned neutral with current recovery, and some consolidations would be seen above 0.8776 temporary low. Risk will stay on the downside as long as 0.8923 resistance holds. Break of...
What GenZ thinks about internship programme proposed in Budget 2024?, ET BFSI
-Suhani PrakashFinance Minister Nirmala Sitharaman in the Union Budget 2024 proposed an ambitious youth internship programme to address the pressing issue of youth unemployment while offering valuable work experience.“The government to launch a comprehensive scheme to...
Indian banks selling retail loan portfolios as deposits lag, BFSI News, ET BFSI
India’s private banks are selling portfolios of retail loans as regulators pressure them to improve credit-deposit ratios.India’s largest lender, HDFC Bank Ltd., sold a 50 billion rupee ($597 million) loan portfolio to an undisclosed buyer in June, Chief Financial...
Canadian GDP Growth to Slow, U.S. Fed to Stand Pat
The week ahead is a busy one on the data calendar with the release of Canada’s gross domestic product for May and the U.S. Federal Reserve’s decision on interest rates on Wednesday, followed by U.S. payroll employment data on Friday. Canadian GDP data should continue...
Debunking Common Myths About Web3 Gaming
Timothy Morano Jul 26, 2024 08:32 Explore the truth behind five common myths surrounding Web3 gaming, including AAA studio involvement, user-friendliness, and financial models. Web3 gaming is rapidly evolving,...
Crypto firm Ledger hikes price of Stax crypto wallet, launches Flex
The Ledger Flex is a new, cheaper hardware crypto wallet from French startup Ledger. It sports an E-ink display and can be used to secure a range of crypto assets. The device is retailing at $249.LedgerCryptocurrency storage company Ledger is raising the price of its...
Deadpool and Wolverine box office Thursday previews
Ryan Reynolds and Hugh Jackman star in Marvel's "Deadpool and Wolverine."DisneyDisney and Marvel's "Deadpool & Wolverine" has secured $38.5 million in Thursday previews and is on pace for a domestic debut north of $150 million, which would be a record for an...
Week Ahead – BoJ, Fed and BoE Meetings: A Hike, a Hold and a Cut?
A trio of central bank decisions coming up from the BoJ, Fed and BoE One might hike, one might stand pat and the other cut rates ECB to also be in focus as Eurozone flash GDP and CPI data are due Week will culminate with crucial US jobs report BoJ expected to taper;...
Financial services secretary Vivek Joshi, ET BFSI
New Delhi: Banks need to devise new strategies to attract depositors, financial services secretary Vivek Joshi said, even as he noted that Indian banks' low-cost deposits, current and savings accounts (CASA), are comfortable at around 41% of their total deposits.In a...
Cryptocurrencies rebound with risk assets Friday after two down days
Crypto prices rose on Friday following two down days in which investors rotated out of risk assets.Bitcoin was last higher by 4.5% at $67,720.83, according to Coin Metrics, and ether advanced 4% to $3,248.25.In equities, the tech-heavy Nasdaq Composite and the...
BitMEX Announces Updates to Basket Indices
Jessie A Ellis Jul 26, 2024 09:12 BitMEX has updated the weight and index multiplier of its basket indices, impacting several key indices as of July 26, 2024. BitMEX, a leading cryptocurrency exchange, has...
Bank of England Preview – A Dovish Hold; Limited EUR/GBP Downside Potential
We expect the Bank of England (BoE) to keep the Bank Rate unchanged at 5.25% on 1 August. We stress that it is a very close call not least due to the very limited amount of communication from the MPC over the past months. Overall, we expect the BoE to deliver a dovish...
MAS has maintained a monetary policy. Japan’s inflation is on the rise :: InvestMacro
By JustMarketsAt Thursday’s close, the Dow Jones Index (US30) added 0.20%, while the S&P 500 Index (US500) was down 0.51%. The NASDAQ Technology Index (US100) closed negative 0.93%. Stocks continued to decline on Thursday amid weakness in chip stocks and selloffs...
Morgan Stanley, Societe Generale buy shares worth Rs 447 crore in RBL Bank via block deals, ET BFSI
Morgan Stanley Asia Singapore Pte bought over 1.25 crore shares worth Rs 285 crore in RBL Bank on Thursday via a block deal. It was not the only buyer as France's Societe Generale too purchased nearly 71 lakh shares at a total cost of Rs 162 crore. The shares were...
RBI selects 5 entities for test phase under fifth cohort of Regulatory Sandbox, ET BFSI
The Reserve Bank of India (RBI) on Friday announced five entities were selected for the test phase of the regulatory sandbox’s theme-neutral fifth cohort that it had announced in October last year.It was announced earlier itself by the central bank that the Fifth...
Personal cybersecurity concierge is new perk, and need, among wealthy
Matthias Kulka | The Image Bank | Getty ImagesCybercriminals are increasingly targeting wealthy individuals, making cybersecurity concierges a new must-have for the rich and their families, including executives.While companies are spending heavily on cybersecurity,...
Sunset Market Commentary – Action Forex
Markets Markets finally took a breather this morning after recent sharp risk-off repositioning especially in equities and interest rates. However, it doesn’t feel as if a sharp, sustained countermove is already in store. Initial ‘gains’ in yields, gradually...
Sales of $100 million homes set to double this year
A view of the Central Park Tower at 217 West 57th St. in New York City.Source: Cody Boone, SERHANT StudiosA 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...
Binance Completes Render (RNDR) Token Swap and Rebranding to Render (RENDER)
Lawrence Jengar Jul 26, 2024 10:26 Binance has successfully completed the token swap and rebranding of Render (RNDR) to Render (RENDER), opening new trading pairs and enabling deposits and withdrawals. Binance,...
Trillion Dollar Titans In Focus :: InvestMacro
4 of the so-called “Magnificent 7” set to publish earningsCombined market cap of 4 tech giants over $9 trillionBeyond earnings, key focus remains on AI initiativesMeta could move almost 10% ↑ or ↓ post-earningsApple biggest company in the world reports results...
‘Banks to follow home loan growth story for MSMEs’, BFSI News, ET BFSI
NEW DELHI: Banks will be asked to tap into the "digital footprint" of small businesses, including salary payments, electricity bills and municipal taxes paid by them, along with GST and provident fund details, to decide on loans given to them as govt seeks to...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2822; (P) 1.2876; (R1) 1.2903; More… No change in GBP/USD’s outlook and intraday bias stays neutral. Further rally is expected with 1.2859 resistance turned support intact. Break of 1.3043 will resume the rise from 1.2298. However, firm break of...
Binance Concludes 7YA Product Guides Study Week with Rewards Distribution
Darius Baruo Jul 26, 2024 12:07 Binance concludes its 7YA Product Guides Study Week, addressing quiz feedback and distributing token voucher rewards to participants. Binance Wraps Up 7YA Product Guides Study...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0825; (P) 1.0848; (R1) 1.0867; More….. Intraday bias in EUR/USD remains neutral at this point. Deeper fall is in favor as long as 1.0896 minor resistance holds. Below 1.0825 will target 55 D EMA (now at 1.0813). Sustained break there will argue...
Cons PAT rises 2% YoY to Rs 2,171 crore, NII jumps 11%, ET BFSI
IndusInd Bank on Friday reported a consolidated profit after tax (PAT) of Rs 2,171 crore for the quarter ended June 30, 2024, which was up by 2% over Rs 2,124 crore reported by the lender in the year-ago period. The net interest income (NII) grew by 11% YoY to Rs...
Trump’s Potential Bitcoin (BTC) Strategic Reserve Sparks Debate
Alvin Lang Jul 26, 2024 12:54 Rumors suggest Trump may propose Bitcoin as a strategic reserve asset, impacting global crypto regulation and policy, according to Bitfinex. Rumors are circulating that former...
LVMH CEO Bernard Arnault: Olympics sponsorship honors France
For the first time a luxury brand is an Olympic sponsor. And it's not just one brand, it's the empire of LVMH."We tried to find a way with the Olympic Committee – to be able to show maybe something that has never been done before with the Olympics," LVMH Chairman and...
Forex Markets Steady as Traders Shrug US PCE Data
Trading in the forex markets remains subdued today as investors take a breather from a week of high volatility. Most major currency pairs and crosses are trading within yesterday’s ranges, with little reaction to US PCE inflation data. Annual Core PCE rate was...
India to push forward IDBI Bank stake sale after key clearance, ET BFSI
By Nikunj Ohri and Manoj KumarNEW DELHI - India will press ahead with the delayed sale of a majority stake in IDBI Bank after central bank clearance, opening bids for the lender before the end of the financial year, a top finance ministry official said on Friday.The...
RBI unveils new corrective action framework for Urban Co-operative Banks, ET BFSI
RBI unveils new corrective action framework for Urban Co-operative BanksNew Delhi [India], July 26 (ANI): The Reserve Bank of India has issued a corrective action framework for primary Urban Cooperative Banks (UCBs), which shall be followed promptly.The provisions of...
Biogen Eisai Alzheimer’s drug Leqembi rejected by European regulator
European drug regulators on Friday rejected the Alzheimer's treatment Leqembi from Biogen and Eisai, creating another hurdle for the companies as they scramble to boost uptake of the therapy in the U.S. The European Commission, the EU's executive body, has a final say...
Short seller Andrew Left charged with fraud by prosecutors, SEC
Andrew Left, founder and CEO of Citron ResearchAdam Jeffery | CNBCFederal prosecutors have criminally charged the well-known short seller and analyst Andrew Left with securities fraud related to allegedly using his public platform to illegally profit to the tune of at...
US PCE inflation slows to 2.5% in Jun, but core PCE unchanged at 2.6%
US PCE price index rose 0.1% mom in June, matched expectations. Core CPI (excluding food and energy) rose 0.2% mom, matched expectations. Prices for goods decreased -0.2% mom and prices for services increased 0.2% mom. Food prices increased 0.1% mom and energy prices...
SFC and IA Collaborate to Address Cross-Sector Irregularities
Felix Pinkston Jul 26, 2024 12:31 The Securities and Futures Commission (SFC) and the Insurance Authority (IA) have joined forces to tackle cross-sector irregularities, enhancing regulatory oversight. The...
Awaiting Next Correction :: InvestMacro
By RoboForex Analytical DepartmentThe USD/CAD pair ended its continuous upward trend on Friday, 26 June 2024, settling around 1.3813, signalling a potential shift towards correction.The Bank of Canada decided to lower the interest rate from 4.75% p.a. to 4.50% p.a. at...
SBI Amrit Vrishti FD interest rate vs other big banks’ 400-day fixed deposits, ET BFSI
State Bank of India (SBI) has introduced a new special fixed deposit (FD) known as SBI Amrit Vrishti, offering higher interest rates for a limited time. Here is a comparison of the interest rates for SBI Amrit Vrishti FD with other banks like PNB, Canara, Bank of...
XAU/USD Outlook: Gold Edges Higher from Daily Cloud Top as Markets Await Release of US Data
Gold price rose on Friday, as traders collected some profits from sharp fall in past two days (down nearly 3%), with strong acceleration lower on Thursday being sparked by upbeat US Q2 GDP numbers. Strong technical support, provided by the top of daily Ichimoku cloud,...
Why deregulation may not unlock media deals for WBD, others
David Zaslav at the Allen & Company Sun Valley Conference on July 9, 2024 in Sun Valley, Idaho.David Grogan | CNBCComcast Chief Executive Officer Brian Roberts had a not-so-subtle message this week for Warner Bros. Discovery CEO David Zaslav: If you're selling,...
Performance of Dollar Again Unconvincing, Mixed at Best
Markets The IT-driven risk-off initially supported a classic safe haven run on core bonds yesterday. German yields at some point lost another 5-7 bps. However, equities gradually found a bottom going in the opening of US markets, looking forward the US data. US Q2 GDP...
BitMEX Announces Changes to Minimum Price Increments for XBTUSD and ETHUSD
Tony Kim Jul 26, 2024 11:49 BitMEX will adjust the Minimum Price Increments for Bitcoin (XBTUSD) and Ethereum (ETHUSD) perpetual swaps starting 31 July 2024. BitMEX has announced upcoming changes to the Minimum...
India New Issue-Tata Capital Housing to reissue multiple tenor bonds, bankers say, ET BFSI
MUMBAI, - India's Tata Capital Housing Finance plans to raise 10 billion rupees ($119.4 million), which includes a greenshoe option of 8 billion rupees, through the reissue of 7.8445% September 2026 bonds and 8% November 2027 bonds, two merchant bankers said on...
NBC Paris Olympics coverage could boost Peacock streaming
The Paris 2024 logo representing the Olympic Games is displayed near the Eiffel Tower in Paris on April 21, 2024, in anticipation of the 2024 Paris Olympic Games and Paralympic Games.Chesnot | Getty ImagesThe Paris Olympics will offer Comcast another chance to lift...
GBPJPY Extends Decline to a Fresh 2-month Low
GBPJPY pulls back from its 16-year peak of 208.10 The pair falls to its lowest level since May 16 RSI and MACD warn of an overstretched retreat GBPJPY has been in a prolonged uptrend since early 2024, posting a 16-year high of 208.10 on July 11. However, the pair has...
Binance Expands Render (RENDER) Trading and Investment Options
Felix Pinkston Jul 26, 2024 11:14 Binance has announced the addition of Render (RENDER) to its Earn, Buy Crypto, Convert, Margin, and Futures platforms starting July 26, 2024. Binance, one of the world's leading...
Bristol Myers Squibb (BMY) earnings Q2 2024
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, on Dec. 27, 2023.Adam Glanzman | Bloomberg | Getty ImagesBristol Myers Squibb on Friday reported second-quarter earnings and revenue that topped expectations...
RBI deputy chief, ET BFSI
Mumbai, The Indian financial system is stronger than in the past and the country's economy is an outlier which is growing steadily even as the global financial system is facing strong headwinds, according to RBI Deputy Governor M. Rajeshwar Rao. "If we exclude...
SFC Announces New Appointments and Re-Appointments of Non-Executive Directors
Jessie A Ellis Jul 26, 2024 10:54 The Securities and Futures Commission (SFC) has welcomed the appointment and re-appointment of several Non-Executive Directors. The Securities and Futures Commission (SFC) has...
The Importance of ChatGPT Certification for AI Professionals
ChatGPT revised the conventional views on artificial intelligence which painted it as a malicious servant that may take over mankind. Users can now talk to AI with the help of ChatGPT. The AI chatbot can answer questions on different topics included in its training...
USD/JPY Remains Volatile, US PCE Price Index Next
The Japanese yen has hit the brakes on this week’s impressive rally. USD/JPY is trading at 154.34 in the European session, up 0.30% on the day. On Thursday, the yen climbed as much as 1.3% but gave up all of those gains after the strong US GDP report. Still, the yen...
Cons PAT jumps 19% YoY to Rs 2,023 crore, meets estimates, ET BFSI
Shriram Finance on Friday reported a consolidated net profit of Rs 2,022.8 crore (attributable to owners of the company) for the quarter ended June 30, 2024, which was in line with Street's estimates of Rs 2,021 crore. It was up by 19% over Rs 1,705 crore reported by...
Dexcom (DXCM) Q2 earnings report
The Dexcom logo is seen on a smartphone screen and in the background.Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesShares of Dexcom tumbled almost 40% in extended trading Thursday after the diabetes management company reported disappointing revenue for the...
Dollar Index Remains Within Near-Term Range Ahead of Key US Inflation Data
The dollar index edged higher in Friday morning but is still holding within a choppy range that extends into sixth straight day. Long tails of daily candle of past two days and repeated closes above north turning 10DMA, add to existing bullish near-term bias. Fresh...
DBS Bank study reveals Indian businesses more focused than global peers on ESG reporting, compliance, ET BFSI
The findings of the DBS Bank study point to the fact that companies that embrace the more involved role of their treasury and finance leaders and enable them to adapt to new responsibilities, stand to benefit from a more informed approach to unlocking new...
Binance Announces 50,000 FDUSD Rewards for Completing Deposit and Trading Tasks
Luisa Crawford Jul 26, 2024 09:46 Binance launches a promotion offering a share of 50,000 FDUSD to selected users who complete deposit and trading tasks during the specified period. Binance has unveiled a new...
Galaxy AI, mixed reality and foldables
TM Roh, the head of Samsung's mobile business, talked about the company's new products at the Galaxy Unpacked event in Paris, France on July 10, 2024. Samsung unveiled a slew of new products including foldable smartphones, new smartwatches and the Galaxy Ring.Arjun...
USDCAD Eases After Aggressive Rally to 1.3845
USDCAD exits from consolidation area Momentum oscillators indicate bearish correction USDCAD rallied towards the 1.3845 high and completed the seventh consecutive green day on Thursday following the bounce off the 200-day simple moving average (SMA) near 1.3600. The...
Obama endorses Kamala Harris as she builds momentum against Donald Trump
WASHINGTON — Former President Barack Obama and Michelle Obama endorsed Vice President Kamala Harris for president, in a short video released Friday by the Harris campaign.The 55-second clip shows the vice president walking backstage at an event, heading toward her...
Why are largecap banks underperforming? Sandip Sabharwal explains, ET BFSI
"Indian markets have held up, but given the overall result construct as well as the valuations at this stage, this is a time to be cautious in the markets. I would think that markets need to give up some gains for them to come to levels where fresh money can be put to...
Kamala Harris debuts official TikTok account as presidential campaign picks up
U.S. Vice President Kamala Harris delivers the keynote speech at the American Federation of Teachers' 88th national convention in Houston, Texas, U.S. July 25, 2024. Kaylee Greenlee Beal | ReutersVice President Kamala Harris debuted an official TikTok account on...
ECB consumer survey: Inflation expectations steady, economic growth outlook deteriorates
The latest ECB Consumer Expectations Survey results revealed stable inflation expectations but a more negative outlook for economic growth. Median inflation expectations for the next 12 months remained unchanged at 2.8%, holding at their lowest level since September...
MSDE revamps Model Skill Loan Scheme; raises loan limit to Rs 7.5 lakh, ET BFSI
The ministry of skills development and entrepreneurship has enhanced the limit of loans provided by the government for skilling under the credit guarantee fund scheme to Rs 7.5 lakh from Rs 1.5 lakh, besides widening the lending network to include small finance banks...
UK to allow research payments bundling, reform secondary offering prospectus requirements
UK financial regulator The Financial Conduct Authority (FCA) has announced that it will be setting out new rules and proposals to build up UK wholesale markets. The FCA said it has set out a package of measures designed to help strengthen the UK’s capital markets and...
GIFT IFSC gets a big bonanza from Union Budget with VCC structure, ET BFSI
The Union Budget 2024-25 has introduced several incentives to bolster the International Finance Services Centre (IFSC) at GIFT City in Gujarat, enhancing the "ease of doing business" and providing greater clarity for various financial instruments. The Budget has...
Nvidia supplier SK Hynix to build $6.8 billion chip plan in South Korea
SK Hynix logo displayed on a phone screen as seen in this illustration photo taken in Krakow, Poland on January 30, 2023.Jakub Porzycki | Nurphoto | Getty ImagesMemory chip giant SK Hynix on Friday said it plans to invest 9.4 trillion Korean won ($6.8 billion) to...
Binance Introduces FDUSD Flexible Products with Up to 11.5% APR Rewards
James Ding Jul 26, 2024 08:57 Binance launches a promotion for FDUSD Simple Earn Flexible Products, offering up to 11.5% APR rewards for eligible users during the promotion period. Binance, a leading...
Benchmark g-sec yield eases further following Budget announcements, ET BFSI
Mumbai: India's 10-year benchmark sovereign bond yield retreated Thursday, closing at 6.951%, following budgetary announcements that sought to narrow the fiscal gap through judicious use of the bumper surplus the government received from its money manager - the...
Harris Trump debate should be Sept. 10, without ‘backpedaling’
Vice President Kamala Harris speaks to reporters upon arrival at Joint Base Andrews in Maryland on July 25, 2024.Brendan Smialowski | AFP | Getty ImagesDe facto Democratic presidential nominee Kamala Harris said on Thursday she is "ready to debate" her Republican...
Crypto Market Takes a Chance on Recovery
Market Picture The cryptocurrency market rallied 3.4% overnight to $2.4 trillion, taking advantage of the mixed performance of US indices, with the Russell2000 and Dow Jones up and the Nasdaq100 and S&P500 down. It’s not a full recovery, but it’s the second bounce...
CrowdStrike CEO says 97% of Windows sensors back online after outage
The blue screen of death errors on computer screens are viewed due to the global communications outage caused by CrowdStrike, which provides cyber security services to US technology company Microsoft, on July 19, 2024 in Ankara, Turkey. Harun Ozalp | Anadolu | Getty...
Ethereum Developers Discuss Pectra Devnet 1 and Engine API Updates in Call #138
Peter Zhang Jul 26, 2024 07:39 Ethereum developers gathered for the All Core Developers Consensus Call #138 to discuss Pectra Devnet 1, Engine API updates, and other important changes. On July 25, 2024, Ethereum...
Hinduja Leyland Finance to go public via reverse merger with NXTDigital, ET BFSI
Mumbai: Ashok Leyland will be listing its vehicle finance unit, Hinduja Leyland Finance (HLF), on the stock exchange via a reverse merger with NXTDigital, a listed media company of the Hinduja Group, in the current financial year as the company seeks to unlock the...
Singapore central bank proposes simplified leverage provisions for REITs, ET BFSI
Singapore's central bank on Thursday said it is seeking views on its proposal to simplify the leverage requirements for all real estate investment trusts (REITs) to cap the debt they can take on and reduce default risks.All Singapore REITs will be subject to a minimum...
How govt has beefed up financial support to MSMEs in Union Budget, ET BFSI
The Union Budget 2024-25 has introduced several initiatives to strengthen the Micro, Small, and Medium Enterprises (MSME) sector, including a credit guarantee scheme aimed at facilitating term loans for purchasing machinery and equipment without collateral or...
Top 1% bags over $40 trillion in new wealth as taxes on the rich reach historic lows: Oxfam, ET BFSI
The richest 1 percent have amassed $42 trillion in new wealth over the past decade, nearly 34 times more than the entire bottom 50 percent of the world’s population, according to new analysis by Oxfam ahead of the third meeting of G20 Finance Ministers and Central...
FX option expiries for 26 July 10am New York cut
There aren't any major expiries to take note of on the day. As such, traders will be left to their own devices again for the most part in the session ahead. USD/JPY volatility will remain a factor, alongside the overall risk mood. The latter is slightly better today...
Apple loses top 5 spot in China smartphone market as domestic brands dominate
Customers are shopping for the iPhone 15 at the flagship store of Apple Smart Products on Nanjing Road Pedestrian Street in Shanghai, China, on May 24, 2024. Costfoto | Nurphoto | Getty ImagesApple was edged out of the top five smartphone vendors' list in China in the...
GM’s newest sports car tops 1,000 horsepower
2025 Chevrolet Corvette ZR1 Coupe with ZTK Performance Package.DETROIT — General Motors' newest Chevrolet Corvette will be the most powerful version of the American sports car ever produced — and it's not even close.The Detroit automaker said Thursday the 2025 Chevy...
‘I will not be silent’
Vice President Kamala Harris said "Israel has a right to defend itself ... and how it does so matters." Harris' remarks followed a meeting she held with Israeli Prime Minister Benjamin Netanyahu in Washington Thursday."It is time for this war to end and end in a way...
Calmer Markets Shift Focus to US PCE Inflation Data
The forex markets have calmed down considerably in Asian session after a week of significant wild ride. Despite the pause, the risk-averse sentiment persists. Yen, which has led the charge this week, is starting to take a breather. It remains the runaway leader,...
Eddie Yue Reappointed as Chief Executive of Hong Kong Monetary Authority
Alvin Lang Jul 26, 2024 08:01 Eddie Yue has been reappointed as the Chief Executive of the Hong Kong Monetary Authority for another five-year term, beginning in October 2024. Eddie Yue has been reappointed as...
Kamala Harris blasts Trump agenda in teachers union speech
Vice President Kamala Harris delivers the keynote speech at the American Federation of Teachers' 88th National Convention in Houston, July 25, 2024.Brendan Smialowski | AFP | Getty ImagesVice President Kamala Harris in a fiery speech Thursday blasted the policy agenda...
US durable goods orders falls -6.6% mom, but ex-transport orders up 0.4% mom
US durable goods orders fell sharply by -6.6% mom to USD 264.5 in June, much worse than expectation of 0.4% mom rise. However, ex-transportation orders rose 0.5% mom to USD 188.7B, above expectation of 0.2% mom. Ex-defense orders fell -7.0% mom to USD 247.6B....
Higher bad loans due to seasonal stress in agri biz, indicates Axis Bank, ET BFSI
Axis Bank, India’s third-biggest private lender by market value, Wednesday indicated that sequential decline in asset quality metrics was due to seasonal effect on the agriculture business.Asset quality for the lender deteriorated sequentially, rising 11 basis points....
IBM Research Advances Natural Language Processing Capabilities
Tony Kim Jul 24, 2024 20:13 IBM Research is developing advanced AI systems to parse and unlock data from vast bodies of text, enhancing enterprise transformation. IBM Research is making significant strides in...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Jul 25, 2024 18:52 UTC | Updated: Jul 25, 2024 at 18:52 UTC By Clark Cryptocurrency markets are often turbulent, but they offer promising opportunities for informed investors. Shiba Inu (SHIB) and a relatively new player, RCO Finance (RCOF),...
Melania Trump memoir release set before 2024 election
Melania Trump speaks from the podium on the first night of the Republican National Convention in Cleveland, Ohio, on July 18, 2016.Mark Reinstein | Archive Photos | Getty ImagesFormer first lady Melania Trump's upcoming memoir will hit bookstores on Sept. 24, her...
GBP/USD Faces Downward Pressure Amid US Dollar Strength
GBP/USD pair is down to 1.2892 on Thursday. Selling intensified on the 18th of July. Since then, GBP has remained under pressure, although it is making attempts to stabilise. Statistics released earlier showed that UK private sector activity improved in July. PMI data...
EQT AB is likely to sell a 7.9% stake in RBL Bank on Thursday through block deals, ET BFSI
EQT AB is likely to sell its entire 7.9% stake in RBL Bank on Thursday through an open market transaction. The deal is estimated at around Rs 1,081 crores ($129 million) at the floor price.IIFL Securities is the sole book runner for the deal. According to the term...
OpenAI announces a search engine called SearchGPT; Alphabet shares dip
OpenAI on Thursday announced a prototype of its own search engine, called SearchGPT, which aims to give users "fast and timely answers with clear and relevant sources." The company said it eventually plans to integrate the tool, which is currently being tested with a...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 152.68; (P) 154.33; (R1) 155.56; More… Intraday bias in USD/JPY is turned neutral first with current recovery, and some consolidations would be seen above 151.93 temporary low. But risk will remain on the downside as long as 155.36 support turned...
IBM Research Leverages AI to Modernize Aging Codebases
Felix Pinkston Jul 24, 2024 20:46 IBM Research is employing AI to automate programming and refactoring, aiding enterprises in modernizing their software stacks. IBM Research is at the forefront of utilizing...
SC stays Madras HC order asking RBI to evaluate assets of LVB & Indian arm of DBS Singapore, ET BFSI
In a relief to Reserve Bank of India, the Supreme Court on Wednesday stayed a Madras High Court order asking it to determine the value of shares, assets and investor bonds of the cash-strapped Lakshmi Vilas Bank (LVB) and the Indian subsidiary of DBS Bank of...
U.S. Economic Resilience on Display in the Second Quarter
The U.S. economy surprised to the upside in the second quarter of 2024, expanding by 2.8% quarter-on-quarter (q/q, annualized) against expectations for around 2%. Looking under the hood, consumer spending was slightly stronger than we had forecast, advancing by 2.3%...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8813; (P) 0.8868; (R1) 0.8907; More… Intraday bias in USD/CHF remains on the downside for the moment. Fall from 0.9223 is in progress for 61.8% retracement of 0.8332 to 0.9223 at 0.8672. For now, risk will stay on the downside as long as 0.8923...
Binance Square Unveils $10,000 PIXEL Token Giveaway
Rebeca Moen Jul 25, 2024 17:30 Binance Square launches a $10,000 PIXEL token giveaway for verified users who complete specified tasks. The activity runs from July 25 to August 8, 2024. Binance Square has...
Key Insights on Decentralized Social Networks from Mask Network and Lens Protocol
Luisa Crawford Jul 24, 2024 21:22 Mask Network's Suji Yan and Lens Protocol's Stani Kulechov discuss the future of decentralized social networks at ETHCC. Exploring the Future of Decentralized Social...
Profit rises 10% YoY to Rs 3,905 crore, NII up 6%, ET BFSI
Canara Bank on Thursday posted a net profit of Rs 3,905 crore in the first quarter, up about 10% from Rs 3,534 crore in the same quarter of last year.Net interest income (NII) during the reporting quarter increased 6% year-on-year (YoY) to Rs 9,166 crore against Rs...
Lineage begins trading in stock market’s largest IPO of 2024
Lineage, the largest temperature-controlled warehouse real estate investment trust (REIT) in the world, rose by as much as 5% in its Nasdaq Stock Market debut on Thursday, after going public under the ticker symbol "LINE."Lineage priced 57 million shares at $78 apiece...
‘Deadpool and Wolverine’ set for highest opening of an R-rated film
Ryan Reynolds and Hugh Jackman star in Marvel's "Deadpool and Wolverine."DisneyThe "Merc with a Mouth" returns to the big screen this weekend, and he's doing more than bringing an R-rating to Disney's Marvel Cinematic Universe."Deadpool and Wolverine," the third...
RBI releases draft guidelines on tighter liquidity norms for banks, ET BFSI
The Reserve Bank of India (RBI) on Thursday released draft guidelines aimed at bolstering the liquidity resilience of banks amid the increased usage of technology.“Banking has undergone rapid transformation in recent years. While increased usage of technology has...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2877; (P) 1.2907; (R1) 1.2938; More… Intraday bias in GBP/USD remains neutral first. Further rally is expected with 1.2859 resistance turned support intact. Break of 1.3043 will resume the rise from 1.2298. However, firm break of 1.2859 will turn...
Major Tech, Kids Safety Reform Bills Face Senate Vote
Senate Majority Leader Charles Schumer, D-N.Y., fields questions about the candidacy of President Joe Biden after the senate luncheons in the U.S. Capitol on Tuesday, July 9, 2024.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe Senate is poised to take a key vote...
Security clearances in place, RBI’s nod expected soon, ET BFSI
The potential investors in IDBI Bank have received necessary security clearance from the Home Ministry and a nod from the Reserve Bank is expected to come in soon, an official said on Thursday. The government along with LIC is selling a nearly 61 per cent stake in...
Boeing’s crewed Starliner flight won’t return until August
Boeing's Starliner spacecraft is pictured docked to the International Space Station.NASABoeing's crew spacecraft Starliner will stay docked with the International Space Station into August, NASA confirmed on Thursday, as the mission remains on hold while the company...
El Tor Enhances Tor Network with High-Bandwidth Bitcoin Lightning Integration
Zach Anderson Jul 24, 2024 22:00 El Tor leverages Bitcoin Lightning Network to boost Tor's bandwidth, security, and decentralization. Users earn Satoshis by hosting Tor relays. Future plans include expanding the Directory Server and...
Sunset Market Commentary
Markets Risk off quickly spread from the US yesterday to Asian and later European dealings today. Triggered by AI/tech companies on Wall Street yesterday, the equity sell-off broadened in the likes of the EuroStoxx50 amid weaker guidance from consumer staples...
Exclusive: Kuwait CFDs broker NCM gets FCA license, adds UK executives
FNG Exclusive… FNG has learned that Kuwait based online brokerage firm NCM Financial has plans to expand to the UK. NCM set up a new UK subsidiary NCM Financial UK Ltd in late 2021, and in 2022 began the application process for an FCA license for the new entity. The...
Govt focus on fiscal health spurs FPI flows into g-secs, BFSI News, ET BFSI
Mumbai: The Centre's commitment to fiscal consolidation in the budget seems to have spurred foreign investors to step up purchases of government bonds, with overseas investment in such debt well poised to head past the $2 billion-per-month flow that was expected after...
Hasbro (HAS) earnings Q2 2024
Hasbro board games are seen for sale at a Target store on December 12, 2023 in Austin, Texas. Brandon Bell | Getty ImagesToy company Hasbro beat Wall Street expectations for the second-quarter on Thursday, thanks in part to growth in its digital gaming segment. Shares...
USD/JPY – Yen on a Tear, US GDP Blows Past Forecast
The Japanese yen continues to gain ground against the US dollar. USD/JPY is trading at 153.68 early in the North American session, down 0.14% on the day. Earlier today, USD/JPY fell as low as 151.93 (1.3%), its lowest level since May 3, before paring most of these...
GBP/USD Faces Downward Pressure Amid US Dollar Strength :: InvestMacro
By RoboForex Analytical DepartmentGBP/USD pair is down to 1.2892 on Thursday. Selling intensified on the 18th of July. Since then, GBP has remained under pressure, although it is making attempts to stabilise.Statistics released earlier showed that UK private sector...
Meta Unveils Llama 3.1: Enhanced AI Models with Multilingual Support
Lawrence Jengar Jul 24, 2024 22:27 Meta introduces Llama 3.1, featuring expanded context length and support across eight languages, including the pioneering 405B open-source AI model. Meta has officially...
What are new capital gains tax provisions announced in Budget? CBDT explains, ET BFSI
Finance Minister Nirmala Sitharaman in Union Budget 2024 announced significant modifications to the taxation of capital gains. She said the primary objectives of these changes are to simplify the tax regime and enhance tax compliance.The Budget proposal said that...
Fed Preview: Opening the Door But Not Pre-committing
We expect the Federal Reserve to maintain its monetary policy unchanged next week. Focus will be on upcoming rate cuts, which we expect to begin in September. The two latest CPI prints have built significant confidence in inflation remaining en route to target, but...
Ford, GM, Stellantis stocks fall after disappointing earnings reports
A Ford Bronco on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBCDETROIT – Ford Motor is leading a decline in major U.S. automotive stocks this week amid disappointing results and investor skepticism around future...
Security clearances in place, RBI’s nod expected soon, ET BFSI
The potential investors in IDBI Bank have received necessary security clearance from the Home Ministry and a nod from the Reserve Bank is expected to come in soon, an official said on Thursday. The government along with LIC is selling a nearly 61 per cent stake in...
Elon Musk never told me he would give $45 million a month
Republican presidential nominee and former U.S. President Donald Trump speaks as he campaigns in Charlotte, North Carolina, U.S. July 24, 2024. Marco Bello | ReutersDonald Trump on Thursday said Elon Musk "never told me" he would pledge $45 million a month to support...
Vegas transit system first in U.S. to fully deploy AI scan for weapons
A sign promoting safety is seen on the Regional Transportation Commission 109 Maryland Parkway bus in Las Vegas Thursday, June 8, 2023.Las Vegas Review-journal | Tribune News Service | Getty ImagesOn your next visit to Vegas, an extra set of eyes will be watching you...
Robinhood launches joint accounts – FX News Group
US neobroker Robinhood (NASDAQ:HOOD) has announced that it is launching joint investing accounts, which allow customers to seamlessly manage investments with their partner while keeping their shared assets in one place. Joint accounts make investing more collaborative...
What to Expect from Markets in the Run Up to US Elections?
Presidential race dominates headlines and complicates Fed’s job Equities suffered in the two months leading up to the last six presidential elections Market’s performance in the 2016 pre-election period could be a useful guide Dollar strengthened in 2016 but equities...
Bitfinex Rolls Out Mobile App Version 6.22.0 with Key Improvements and Fixes
Peter Zhang Jul 24, 2024 22:57 Bitfinex has released Version 6.22.0 of its mobile app, featuring notable improvements and fixes for enhanced user experience. Bitfinex has unveiled Version 6.22.0 of its mobile...
Rupee’s downward bias likely to persist; cenbank expected to help out, ET BFSI
Foreign investors withdrew more than USD 350 million from Indian shares on Tuesday. They had invested nearly USD 5 billion this month before Tuesday.The Indian rupee is expected to decline further on Wednesday due to a rise in the dollar index and a possible slowdown...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0821; (P) 1.0844; (R1) 1.0861; More….. Intraday bias in EUR/USD stays on the downside, and fall from 1.0947 short term top should extend to 55 D EMA (now at 1.0813). Sustained break there will argue that whole rebound from 1.0601 has completed...
Top Picks for Data Center Investment Surge :: InvestMacro
By The Ino.com TeamThe expected record spending on infrastructure by cloud computing leaders such as Microsoft Corporation (MSFT) and Amazon.com, Inc. (AMZN) this year highlights the escalating investments in artificial intelligence (AI) data centers, a trend likely...
Codestral Mamba: NVIDIA’s Next-Gen Coding LLM Revolutionizes Code Completion
Jessie A Ellis Jul 24, 2024 23:33 NVIDIA's Codestral Mamba, built on Mamba-2 architecture, revolutionizes code completion with advanced AI, enabling superior coding efficiency. In the rapidly evolving field of...
INSCO resolution plan for HNGIL raises threat to unsecured financial creditors, current employees, ET BFSI
Months after the State Bank of India (SBI) attempt to attract investors at an auction to sell Rs 1,703 crore debt of Hindusthan National Glass & Industries (HNGIL), the COC (Committee of Creditors) are seeking solution with Independent Sugar. The current...
Trump raises more than $4 million in bitcoin, other cryptocurrencies
Republican Presidential nominee and former President Donald J. Trump holds campaign rally at the Van Andel Arena in Grand Rapids, Michigan on July 20, 2024. Bill Pugliano | Getty Images News | Getty ImagesNASHVILLE — Former President Donald Trump is headed to...
India’s PNB Housing Finance posts Q1 profit rise on steady home loan demand, ET BFSI
BENGALURU - India's PNB Housing Finance reported a near 25% rise in first-quarter profit on Thursday, helped by a steady demand for home loans.The company's consolidated net profit rose to 4.33 billion rupees ($51.7 million) for the quarter ended June 30, up from 3.47...
Dollar Edges Up After Strong Q2 GDP, Yen Finally Retreats
Dollar rises modestly in early US trading following stronger-than-expected Q2 GDP data. The robust performance overshadowed the mixed durable goods orders data, instilling some optimism in the market. Despite this, overall market reactions remain subdued. US futures...
Cryptocurrencies suffer alongside tech stock rout, ether slides 6%
Picture Alliance | Getty ImagesCryptocurrencies fell one day after a reversal in technology stocks pushed the S&P 500 and Nasdaq Composite to their worst day since 2022.Bitcoin was lower by 2% at $64,299.18 early Thursday, according to Coin Metrics. Disappointing...
NVIDIA Enhances Product Configurators with OpenUSD Integration
Joerg Hiller Jul 25, 2024 00:10 NVIDIA integrates OpenUSD with Omniverse and generative AI, streamlining product configurator development for hyperpersonalized digital experiences. Developers are leveraging...
Coinbase hit with £3.5M FCA fine in first UK enforcement action against enabling crypto trading
UK financial regulator FCA has announced that it has fined CB Payments Limited (CBPL) a sum of £3,503,546, for repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers. CBPL is part of the Coinbase Group, which operates...
Viking Therapeutics stock jumps on weight loss injection trial plans
Weight loss drug concept.Cr | Istock | Getty ImagesShares of Viking Therapeutics jumped 16% in premarket trading Thursday after the biotech company a day earlier announced plans to advance its experimental weight loss injection into a late-stage trial earlier than...
Don’t take inflation lightly, Chidambaram cautions government, ET BFSI
New Delhi, Former finance minister P Chidambaram on Wednesday cautioned the government against taking inflation lightly, saying every family is hit hard by price rise and asked why the RBI has not reduced bank rates for 13 months if it was low as claimed. Initiating...
Elliott Wave Analysis: USDCAD Turning Upside from Sideways
Hello traders, welcome to a new blog post. Today, we will discuss USDCAD as the pair is set to break out of a range that has lasted over two years. How soon can the breakout happen? In May 2021, USDCAD completed a five-year-long bearish corrective cycle that started...
Indian banks selling retail loan portfolios as deposits lag, BFSI News, ET BFSI
India’s private banks are selling portfolios of retail loans as regulators pressure them to improve credit-deposit ratios.India’s largest lender, HDFC Bank Ltd., sold a 50 billion rupee ($597 million) loan portfolio to an undisclosed buyer in June, Chief Financial...
GE HealthCare taps Amazon Web Services to build generative AI for medical use
Jakub Porzycki | Nurphoto | Getty ImagesGE HealthCare on Thursday announced it is teaming up with Amazon Web Services to build new generative artificial intelligence models and tools that can efficiently analyze complex medical data.The health-care industry is...
Southwest Airlines (LUV) earnings Q2 2024
Southwest Airlines on Thursday forecast a potential drop in unit revenue for the third quarter as an oversupplied U.S. market has forced airlines to discount tickets during what is usually the most lucrative period of the year.Southwest said unit revenue for the...
The Bank of Canada lowered the rate for the second time. The People’s Bank of China unexpectedly cut its one-year lending rate :: InvestMacro
By JustMarketsAt the end of Tuesday, the Dow Jones Index (US30) decreased by 1.25%, while the S&P 500 Index (US500) was down 2.31%. The NASDAQ Technology Index (US100) closed negative 3.64%. Stocks fell yesterday amid disappointing earnings from Tesla and Google...
NORAD says it tracked Chinese and Russian long-range bombers off Alaska
In this pool photograph distributed by the Russian state agency Sputnik, Russia's President Vladimir Putin and China's President Xi Jinping attend an official welcoming ceremony in front of the Great Hall of the People in Tiananmen Square in Beijing on May 16,...
US initial jobless claims falls to 235k vs exp 238k
US initial jobless claims fell -10k to 235k in the week ending July 20, slightly below expectation of 238k. Four-week moving average of initial claims was relatively unchanged at 236k. Continuing claims fell -9k to 1851k in the week ending July 13. Four-week moving...
Microsoft’s AI Red Team Adopts Hacker Mindset to Enhance Security
Darius Baruo Jul 25, 2024 00:47 Microsoft's AI Red Team employs a hacker's mindset to identify and mitigate potential generative AI risks, combining cybersecurity and societal-harm assessments. Generative AI’s...
Household savings shift keeps Indian bond yields low despite robust growth: Goldman Sachs, ET BFSI
Despite India's robust economic growth exceeding 8% year-over-year for the past three fiscal years and a substantial government fiscal deficit at 9% of GDP, bond yields remain surprisingly low. A recent Goldman Sachs said that changes in household savings behavior are...
Tech’s splurge on AI chips has Meta, Alphabet, Tesla in ‘arms race’
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023.Josh Edelson | AFP | Getty ImagesMeta CEO Mark Zuckerberg has been assembling a large stockpile of Nvidia chips, spending...
Outward remittances from India witnessed 6% uptick in May’24, BFSI News, ET BFSI
The outward remittances from India has witnessed a slight uptick of approximately 6 per cent, month on month in May 2024 after a 2 per cent dip in April, 14 per cent increase in March and 23 per cent dip in February, revealed latest data by 1Lattice.For the past 3...
Southwest to get rid of open seating, offer extra legroom in biggest shift in its history
A Southwest commercial airliner takes off from Las Vegas on Feb. 8, 2024.Mike Blake | ReutersSouthwest Airlines is ending open seating and will offer extra legroom seats on its airplanes as mounting pressure on the carrier to increase revenue prompts the biggest...
GBP/USD Dips to 1.2850 Amid Growing BoE Rate Cut Speculation
GBP/USD is declining due to speculation of a BoE rate cut and concerns about global growth. Market participants are pricing in a 53% chance of rate cuts in August, but economists polled predict an 80% chance of a cut. Technically, GBP/USD has support at 1.2850 and...
Managing Allowance: Moving from Cash to Categories
I spend all day every day teaching people how to align their money with their priorities. I’ve seen breakthroughs in individuals. I’ve heard thousands of stories from people whose lives have been changed by the Four Rules. So why is it that I have such a hard time...
Gala Games Introduces VIP Club ‘Gala Gold’ with Exclusive Benefits
Ted Hisokawa Jul 25, 2024 01:17 Gala Games' VIP membership, Gala Gold, offers exclusive Discord access, special NFTs, and game testing opportunities for a lifetime fee. Gala Games has unveiled Gala Gold, a VIP...
USD/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 152.68; (P) 154.33; (R1) 155.56; More… USD/JPY’s fall from 161.94 continues today and there is no sign of bottoming. Intraday bias remains on the downside for 151.89 resistance turned support. Decisive break there will argue that large scale...
Latest HDFC Bank, SBI, ICICI Bank, Axis Bank fixed deposit rates compared, ET BFSI
HDFC Bank has increased its fixed deposit interest rate by 20 basis points (bps) on certain tenures. The announcement was made earlier this week by the private sector banking giant.State Bank of India also launched a new fixed deposit scheme with higher interest rate...
Keurig Dr Pepper (KDP) Q2 2024 earnings
In this photo illustration, cans of Dr Pepper soda are displayed on June 03, 2024 in San Anselmo, California.Justin Sullivan | Getty ImagesKeurig Dr Pepper reported quarterly earnings and revenue that met analysts' expectations on Thursday as higher prices fueled its...
DLAI inducts 3 Ex-RBI executives into its Advisory Council, BFSI News, ET BFSI
Three former Reserve Bank of India (RBI) officials join the The Digital Lenders Association of India (DLAI) to further boost the mission of secure and reliable FinTech in India through their experience and expertise. "We are honoured to have such esteemed experts...
AI-Driven Molecular De-Extinction: A New Frontier in Combating Drug-Resistant Pathogens
Jessie A Ellis Jul 25, 2024 01:48 Researchers are using AI to resurrect DNA from extinct species to combat drug-resistant pathogens, potentially revolutionizing antibiotic discovery. Researchers are leveraging...
USD/CHF Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8813; (P) 0.8868; (R1) 0.8907; More… USD/CHF’s fall from 0.9223 resumed by breaking 0.8819 support. Intraday bias stays on the downside for 61.8% retracement of 0.8332 to 0.9223 at 0.8672. For now, risk will stay on the downside as long as 0.8923...
American Airlines (AAL) earnings Q2 2024
An American Airlines Boeing 737 MAX 8 aircraft approaches San Diego International Airport for a landing from Phoenix on June 28, 2024 in San Diego, California. Kevin Carter | Getty ImagesAmerican Airlines is forecasting a drop in unit revenue of as much as 4.5% for...
MAS Financial Reports 24% Growth in AUM & 26% in PAT in Q1FY25; Consolidated AUM Crosses Rs. 11,000 Crores, ET BFSI
Ahmedabad, Gujarat, India (NewsVoir) We witnessed a healthy growth in business activities across the segments we serve, during the quarter. The consolidated disbursement was Rs. 2774.91 Crores during the quarter ended 30th June 2024. During the quarter, the Company...
NVIDIA’s VISTA-2D Model Revolutionizes Cell Imaging and Spatial Omics
Joerg Hiller Jul 25, 2024 02:15 NVIDIA introduces VISTA-2D, a model enhancing cell segmentation and morphology clustering in spatial omics, offering a pivotal advancement for biological research. NVIDIA has...
‘Internship scheme not compulsory, we are nudging industry to do it’, ET BFSI
A day after presenting her seventh straight budget, finance minister Nirmala Sitharaman sat down with TOI’s Surojit Gupta and Sidhartha to discuss the messages — from politics to reforms and the broader economy. Excerpts:Your budget is being described as a political...
GBP/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.2877; (P) 1.2907; (R1) 1.2938; More… No change in GBP/USD’s as range trading continues. Intraday bias remains neutral. Further rally is expected with 1.2859 resistance turned support intact. Break of 1.3043 will resume the rise from 1.2298 and...
Harris’ tech allies on track to raise $100 million, Silicon Valley skeptics
Vice President Kamala Harris' allies in the tech community have launched a behind-the-scenes lobbying campaign to convince wealthy donors to back her campaign for president, according to people familiar with the matter.Longtime investors Reid Hoffman and Ron Conway...
CCI dismisses complaint against Indiabulls Housing Finance, 19 others, ET BFSI
NEW DELHI: Competition watchdog CCI has dismissed a complaint against Indiabulls Housing Finance and 19 officials, including MD and Chairman, alleging that the firm abused its position through misleading advertisements while offering loans against property at...
RBI tightens norms for cash pay-outs at banks, BFSI News, ET BFSI
The RBI on Wednesday tightened norms related to cash pay-out service at banks, making it mandatory for lenders to keep a record of recipients. Cash pay-out refers to arrangements for amounts being transferred out of bank accounts to beneficiaries not having a bank...
A Deep Dive into Blockchain Latency and Throughput
In the blockchain environment terms such as latency and throughput are frequently used. The realm has undergone unprecedented change in the last few years. Latency refers to the time that passes between the submission of a transaction and its finalization within a...
IBM Q2 earnings report 2024
Arvind Krishna, CEO of IBM, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023.Tom Williams | Cq-roll Call, Inc. | Getty ImagesIBM shares rose 5% in extended trading on Wednesday, after the company reported...
EUR/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.0821; (P) 1.0844; (R1) 1.0861; More….. Intraday bias in EUR/USD stays mildly on the downside for the moment. Fall from 1.0947 short term top should extend to 55 D EMA (now at 1.0813). Sustained break there will argue that whole rebound from 1.0601...
EuropeFX director Pedro Sasso banned for five years by ASIC
Australia financial regulator Australian Securities & Investments Commission (ASIC) has announced that Pedro Eduardo Sasso, the director of Maxi EFX Global AU Pty Ltd (EuropeFX), has been banned by ASIC from being a director of or controlling an entity that...
Finance ministry plugs under-reporting of income by overseas taxpayers, ET BFSI
MUMBAI: The finance ministry was quick to notice that some taxpayers were not including taxes withheld outside India for the purpose of calculating their total income. This, in turn, led to under reporting of income. These individuals offered the overseas income net...
Gala Games Teases Upcoming ‘Mission Ready’ Premium Event
Darius Baruo Jul 25, 2024 02:45 Gala Games announces a 'Play with the Devs' live event on Discord ahead of the 'Mission Ready' Premium leaderboard event. Gala Games has announced an exciting upcoming event for...
Coinbase UK unit fined $4.5 million by British regulator over ‘high-risk’ customer breaches
Photo Illustrating Coinbase in Suqian, Jiangsu Province, China on June 6, 2023 (Photo Illustration by Costfoto/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesBritish regulators fined Coinbase's U.K. arm £3.5 million ($4.5 million) on Thursday over...
To curb frauds, RBI asks banks, payment operators to keep track of domestic remittances, ET BFSI
To prevent instances of money laundering and frauds, the Reserve Bank of India on Wednesday asked banks and all payment system operators to keep a trail of domestic fund transfers by customers.The regulator has asked remitter banks to keep a record of name and address...
Harris’ Wall Street allies organize blitz to rival Trump
U.S. Vice President and Democratic presidential candidate Kamala Harris arrives to boards Air Force Two at Joint Base Andrews in Maryland, U.S. on July 24, 2024. Brendan Smialowski | Via ReutersVice President Kamala Harris' allies on Wall Street huddled on a private...
EUR/JPY Outlook: Falls to New Multi-Week Low After Break of Key Support
EURJPY extends steep fall into fifth straight day and hit 11-week low in early Thursday (down 1% in Asian session). Recent interventions by Japan’s authorities boosted yen across the board and fresh strength gained strong momentum, suggesting that the currency could...
Bankers hope tax changes make FDs more attractive, ET BFSI
MUMBAI: The increase in short-term and long-term equity capital gains taxes and discontinuation of indexation benefits for property sales have reduced the regulatory arbitrage that other investments held over deposits, potentially drawing more future savers to...
Nvidia supplier SK Hynix posts highest profit in 6 years on AI chip boom
A man walks past a logo of SK Hynix at the lobby of the company's Bundang office in Seongnam on January 29, 2021.Jung Yeon-Je | AFP | Getty ImagesSK Hynix, one of the world's largest memory chipmakers, on Thursday said second-quarter profit hit its highest level in 6...
CMC Markets reports Q1 FY2025 performance in line with expectations
London based online trading firm CMC Markets plc (LON:CMCX) has issued a Trading Update for its fiscal Q1 of FY2025, indicating that Q1 performance was in line with expectations, with the company on track to achieve net operating income of between £320-360 million for...
RBI, BFSI News, ET BFSI
MUMBAI: In a bid to prevent fraudsters from using the money transfer route for laundering, RBI has tightened rules for money transfers and has asked banks to obtain KYC details of remitters and beneficiaries.Earlier, RBI's money transfer rules allowed walk-in...
German Ifo falls to 87, economy stuck in crisis
Germany’s Ifo Business Climate Index fell from 88.6 to 87.0 in July, missing expectations of 89.0. Current Assessment Index also dropped from 88.3 to 87.1, below the anticipated 88.5. Additionally, Expectations Index declined from 88.8 to 86.9, underperforming the...
India to move away from fiscal deficit targeting after FY26, ET BFSI
India plans to move away from targeting a particular level of fiscal deficit after 2025-26, a senior finance ministry official said on Wednesday.Instead, the government will use the ratio of government debt-to-GDP as the anchor for fiscal policy, T.V. Somanathan,...
Grayscale tries to hold lead in ether ETF battle
Representation of cryptocurrency and Gayscale logo displayed on a phone screen.Jakub Porzycki | Nurphoto | Getty ImagesFor crypto firm Grayscale, it's deja vu in the ETF market.On Tuesday, the first spot ether exchange-traded funds hit the U.S. The ETFs will invest...
Ontario Capital Markets Tribunal Terminates Bitfarms’ Poison Pill at Riot’s Request
Luisa Crawford Jul 25, 2024 03:22 Riot Platforms successfully convinces the Ontario Capital Markets Tribunal to terminate Bitfarms' Poison Pill, aimed at protecting shareholder rights. Riot Platforms, Inc....
Indian shares on five-day losing run as Axis Bank adds to tax woes, ET BFSI
By Manvi Pant and Bharath RajeswaranBENGALURU -Indian shares fell for a fifth straight session on Thursday as Axis Bank's disappointing results added to the sour sentiment since the government raised taxes on equity trading.The NSE Nifty 50 fell 0.5% to 24,280.65 as...
Biden explains election exit, touts Harris over Trump
President Joe Biden on Wednesday night told the American public that "the defense of democracy is more important than any title," as he explained his stunning decision to drop out of the presidential election and endorse Vice President Kamala Harris as the Democratic...
What is the status of recovery from RBI’s Dirty Dozen list?, BFSI News, ET BFSI
Nine of the twelve large accounts referred by the Reserve Bank of India (RBI) for resolution under the IBC have been resolved and the resolution plans for these corporate debtors yielded 54 per cent of the claims admitted, according to the Economic Survey 2023-24....
Chipotle Mexican Grill (CMG) Q2 2024 earnings
A Chipotle restaurant in New York on July 3, 2023.Jeenah Moon | Bloomberg | Getty ImagesChipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that topped analysts' expectations as it saw higher traffic at its restaurants, bucking an industry...
IG Group sees 9% rebound in Revenues, 32% increase in Profit in H2 FY2024
Following a fairly slow first half of fiscal 2024, leading UK based online trading house IG Group (LON:IGG) has reported its full-year 2024 results (fiscal year-end of May 31) indicating a very strong rebound on both the top and bottom line in the second half of the...
WTI Crude Oil Creates Bearish Wave
WTI crude oil tests 77.70 support Price holds beneath SMAs RSI and MACD indicate more losses WTI crude oil futures have been in a bearish movement after the pullback off the 84.70 resistance level. It has since slipped below the simple moving averages (SMAs) in the...
Britain plans new regulations after setbacks
Buy now, pay later firms like Klarna and Block's Afterpay could be about to face tougher rules in the U.K.Nikolas Kokovlis | Nurphoto | Getty ImagesBritain's new Labour government will soon set out updated plans to regulate the "buy now, pay later" industry, a...
Binance Futures Introduces Trailing Features Promotion with 30,000 USDT Reward Pool
Terrill Dicki Jul 25, 2024 03:52 Binance Futures launches a promotion for USDⓈ-M Futures Grid users, offering a 30,000 USDT prize pool for utilizing Trailing Up and Trailing Down features. Binance Futures has...
Bajaj Finance loan growth strong in Q1 but provisions and margins hit profits, ET BFSI
Bajaj Finance Ltd reported mixed results for the first quarter of FY25 (Q1 FY25), highlighting concerns about its future growth and profitability. Despite strong asset growth, net profit increased by only 14 percent year-on-year (YoY), significantly below the typical...
RBI cancels licence of Mahabhairab Coop Urban Bank, Tezpur, BFSI News, ET BFSI
The RBI on Wednesday said it has cancelled the licence of Tezpur-based The Mahabhairab Cooperative Urban Bank due to its deteriorating financial condition. Following the cancellation of its licence, the cooperative bank ceases to carry on banking business, with effect...
Finance Secy highlights divestment plans, says won’t announce in advance as govt wants best value for public companies, ET BFSI
The government will not pre-announce the timing of its divestment plans for FY25 to ensure its best value for public companies, said Finance Secretary TV Somanathan, in an exclusive interview with ET NOW, on Wednesday. "If I were trying to do something, I would not...
FX option expiries for 25 July 10am New York cut
There aren't any major expiries to take note of on the day. As such, trading sentiment will continue to revolve around the same factors driving price action in the last few days.That being bids into the Japanese yen and selling in the commodity currencies amid a more...
Revolut clinches UK banking license, ending three-year wait
Revolut cards is seen in this illustration photo taken in Krakow, Poland on March 29, 2024. Jakub Porzycki | Nurphoto | Getty ImagesBritish fintech startup Revolut on Thursday that it had received a preliminary banking license with restrictions from the U.K.'s...
NBA picks Amazon for media rights over Warner Bros. Discovery
Luka Doncic, #77 of the NBA's Dallas Mavericks, shoots the ball against the Boston Celtics during Game 5 of the 2024 NBA Finals at the TD Garden in Boston on June 17, 2024.Nathaniel S. Butler | National Basketball Association | Getty ImagesThe NBA has rebuffed...
Biden explains his decision to exit presidential race, back Harris to take on Trump
President Joe Biden will delivered a speech from the Oval Office to explain his decision to drop out of the presidential race against former President Donald Trump, and laid out his plan for the remaining months of his term.It was the first time Biden has addressed...
Relentless Yen Rally in Risk-Off Market: Will US GDP Turn the Tide?
Risk aversion has firmly gripped the markets, leading to the steepest selloff in US stocks since 2022 overnight. This sharp decline continued into the Asian trading session, with Nikkei plunging nearly 3%. The market rout is further exacerbated by a broad decline in...
Bitfarms Adopts New Shareholder Rights Plan Amid Tribunal Decision
Joerg Hiller Jul 25, 2024 04:11 Bitfarms Ltd. has adopted a new shareholder rights plan following a decision by the Ontario Securities Commission's Tribunal to cease trade the former plan. Bitfarms Ltd....
UK High Court approves plan to return WealthTek client assets and money
UK financial regulator The Financial Conduct Authority (FCA) has announced that on 23 July 2024, Mr Justice Rajah in the High Court of Justice approved the Joint Special Administrators (JSAs) plan for returning client money and custody assets to WealthTek clients....
Govt reiterates rupee internationalisation commitment but not so easy, say bankers, ET BFSI
Finance minister Nirmala Sitharaman has reiterated the government's intention to promote the rupee as an international currency.In her budget speech Sitharaman said the government will simplify rules and regulations to promote foreign direct investment (FDI) and...
Fox News invites Harris and Trump to debate in September
U.S. Vice President Kamala Harris and Republican presidential nominee and former U.S. President Donald Trump.Brendan Mcdermid | Elizabeth Frantz | ReutersFox News has invited Vice President Kamala Harris and former President Donald Trump to debate each other in...
EUR/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 168.13; (P) 169.61; (R1) 170.38; More… EUR/JPY’s fall from 175.41 accelerates lower today and it’s now pressing 38.2% retracement of 153.15 to 175.41 at 166.90. Some support could be seen from this fibonacci level, and break of 169.19 minor...
Bitcoin consolidating between 100 and 200 hour moving averages
Bitcoin trades between its 100 and 200 hour moving averagesOn July 22, the price of Bitcoin reached a high of $68,364 and retested that level during Monday's trade on July 24. After this retest, Bitcoin experienced a downward move, dipping below its rising 200-hour...
Enhancing LLM Tool-Calling Performance with Few-Shot Prompting
Alvin Lang Jul 24, 2024 19:18 LangChain's experiments reveal how few-shot prompting significantly boosts LLM tool-calling accuracy, especially for complex tasks. LangChain has recently unveiled the results of...
EUR/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9665; (P) 0.9678; (R1) 0.9688; More…. EUR/CHF’s fall from 0.9772 resumed by breaking through 0.9641 support and intraday bias is back on the downside. Next target is 61.8% retracement of 0.9476 to 0.9772 at 0.9589. Sustained break there will...
SC stays Madras HC order asking RBI to conduct fresh valuations of assets and shares of banks, ET BFSI
The Supreme Court on Wednesday stayed a Madras High Court order that asked the Reserve Bank of India to conduct a fresh valuation of shares and assets of Lakshmi Vilas Bank and DBS Bank India in their 2020 merger case.The Madras High Court had asked the central bank...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 155.06; (P) 156.08; (R1) 156.60; More… Intraday bias in USD/JPY remains on the downside with focus on 38.2% retracement of 140.25 to 161.94 at 153.65. Some support could be seen there to bring rebound, at least on first attempt. But risk will stay...
India New Issue-NABARD accepts bids for Sept 2027 bond reissue, bankers say, ET BFSI
MUMBAI, - India's National Bank for Agriculture and Rural Development (NABARD) has accepted bids aggregating to 50 billion rupees ($597.4 million) for a reissue of 7.70%, September 2027 bonds, three bankers said on Wednesday. The company has set a yield of 7.6280% on...
Georgia Tech’s AI Makerspace Prepares Future Workforce with Advanced AI Training
Darius Baruo Jul 24, 2024 18:23 Georgia Tech's AI Makerspace equips students with cutting-edge AI skills, preparing them for the future workforce, according to NVIDIA's AI Podcast. The Georgia Institute of...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8891; (P) 0.8908; (R1) 0.8930; More… USD/CHF’s sharp decline suggests that recovery from 0.8819 has completed at 0.8923, after rejection by 55 4H EMA. Intraday bias is back on the downside for 0.8819. Firm break there will resume whole fall from...
Profit seen to jump 11% YoY; NIMs to decline, ET BFSI
Private lender Axis Bank is likely to post double-digit growth in its net interest income (NII) for the first quarter ended June 2024. The company will announce its results on July 24.NII for the reporting quarter is seen rising 11% year-on-year, according to an...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2884; (P) 1.2911; (R1) 1.2935; More… Range trading continues in GBP/USD and intraday bias stays neutral. Further rally is expected for with 1.2859 resistance turned support intact. Break of 1.3043 will resume the rise from 1.2298 and target 100%...
Bitcoin (BTC) Rebounds Over $68K, Boosting Perpetual Futures Activity
Darius Baruo Jul 24, 2024 16:04 Bitcoin rallies over $68K, driving perpetual futures activity and providing relief to Short-Term Holders with 75% of their coins now in profit, according to Glassnode Insights. ...
AMC warns of Q2 2024 earnings ‘weakness’
The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014.Richard Levine | Corbis News | Getty ImagesAMC Entertainment on Wednesday warned investors of declines in key metrics during the second quarter, sending its shares down more than 7%.The...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0832; (P) 1.0865; (R1) 1.0885; More….. No change in EUR/USD’s outlook and intraday bias stays on the downside. Fall from 1.0947 short term top should extend to 55 D EMA (now at 1.0813). Sustained break there will argue that whole rebound from...
SingularityNET (AGIX) and AL’MA Action Logement Utilize AI and Knowledge Graphs for Sustainable Construction
Alvin Lang Jul 24, 2024 17:05 SingularityNET (AGIX) and AL’MA Action Logement are leveraging AI and Knowledge Graphs to innovate sustainable construction practices. In a groundbreaking initiative, SingularityNET...
Small biz to play big role in bank lending, ET BFSI
Mumbai: Banks traditionally focused on providing corporate credit, home loans and loans against property will now need to develop new capabilities to lend to small businesses without requiring collateral or credit history.The finance minister has asked public sector...
‘Inside Out 2’ highest grossing animated movie ever, passes ‘Frozen 2’
Amy Poehler and Maya Hawke voice Joy and Anxiety, respectively, in Disney and Pixar's "Inside Out 2."Disney | PixarDisney is back on top at the box office.On Tuesday, "Inside Out 2" surpassed $1.46 billion in global ticket sales, making it the highest-grossing...
(BOC) Bank of Canada reduces policy rate by 25 basis points to 4½%
The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization. The global economy is expected to continue expanding at an annual rate...
Injective (INJ) Integrates Mountain Protocol to Introduce Tokenized T-Bills
Ted Hisokawa Jul 24, 2024 16:28 Injective (INJ)has integrated with Mountain Protocol to launch USDM, a yield-bearing stablecoin, enhancing the DeFi ecosystem with tokenized treasury bills. Injective (INJ)has...
PAT rises 18% YoY to Rs 1,009 crore, NII rises 19%, ET BFSI
Federal Bank on Wednesday reported a standalone net profit of Rs 1,009.5 crore for the quarter ended June 30, 2024, up by 18.2% on a year-on-year (YoY) compared to Rs 853.74 crore reported in Q1FY24.Meanwhile, on a quarter-on-quarter (QoQ) basis, the profit after tax...
Reflect on Your Spending with YNAB’s New Feature
“We spent HOW much on food last month?!” That conversation was the spark that ignited starting my YNAB trial, and which turned into years of YNAB fandom. My husband and I were using Mint at the time (RIP, and welcome Mint Migrators!). We couldn’t agree on how much we...
Ford Motor (F) earnings Q2 2024
The Ford display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBCDETROIT – Ford Motor is set to report second-quarter earnings after the markets close Wednesday.The Detroit automaker's results are expected to be relatively healthy,...
Sunset Market Commentary – Action Forex
Markets Monthly PMI’s were the headline story on global markets. EMU surveys at least were no happy reading. The composite EMU HCOB PMI declined from 50.9 to 50.1 suggesting an near standstill in activity. The decline was mainly driven by a deepening contraction in...
Kamala Harris, dozens of lawmakers sit out Netanyahu Congress speech
Israeli Prime Minister Benjamin Netanyahu addresses the Conference of Presidents of Major American Jewish Organizations, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Jerusalem, February 18, 2024. Ronen Zvulun | ReutersVice...
Axis investing in tech and cybersecurity for a future-ready Bank: Amitabh Chaudhary, ET BFSI
Chaudhary emphasised that the bank is focused on firing up bank acquisition engines for the retail, savings account franchise.Private lender, Axis Bank has been focused on three core areas of the execution of their strategy, namely becoming a resilient all-weather...
Astar Network to Integrate Chainlink CCIP for Enhanced Cross-Chain Interoperability
Caroline Bishop Jul 24, 2024 15:19 Astar Network is set to integrate Chainlink's Cross-Chain Interoperability Protocol, enabling secure and efficient cross-chain applications for Web3 developers. Astar Network...
EUR/USD Pares Losses After Weak Eurozone PMIs
The euro edged lower on Wednesday but has recovered. In the North American session, EUR/USD is trading at 1.0860, up 0.07% on the day at the time of writing. Eurozone PMIs weaker than expected Eurozone PMIs can be viewed as monthly report cards for the services and...
Bank of Canada Cuts Policy Rate to 4.5%
The Bank of Canada cut the overnight rate to 4.50% (from 4.75%), while stating that it will continue with Quantitative Tightening (QT). The Bank outlined a relatively dovish take on the economy, stating that “…the economy’s potential output is still growing faster...
Brent Oil Prices Decline Amid Inventory Reductions and Middle East Optimism :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil prices have continued their downward trajectory, reaching 81.14 USD per barrel as of Wednesday. This marks the fifth consecutive session of decline, primarily influenced by significant reductions in US oil inventories....
Deutsche Bank posts quarterly loss over litigation provision, BFSI News, ET BFSI
Frankfurt, Jul 24, 2024 -Deutsche Bank said Wednesday it had suffered a loss of 143 million euros ($155 million) in the second quarter, as it booked a huge litigation provision over a legacy issue.The group's revenues meanwhile rose by two percent from the same period...
Hong Kong Monetary Authority Warns Public of Phishing Messages Linked to Fubon Bank
Jessie A Ellis Jul 24, 2024 14:24 The Hong Kong Monetary Authority alerts the public about phishing messages related to Fubon Bank (Hong Kong) Limited. The Hong Kong Monetary Authority (HKMA) has issued an alert...
US PMI composite rises to 27-mth high on strong services, Goldilocks scenario
US PMI Manufacturing fell from 51.6 to 49.5 in July, a 7-month low. PMI Services jumped from 55.3 to 56.0, a 28-month high. PMI Composite rose from 54.8 to 55.0, a 27-month high. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said:...
No more reopening, re-assessment of old ITR beyond 3 years if escaped income is below Rs 50 lakh, ET BFSI
Budget 2024 has introduced a significant relief, as tax authorities can no longer reopen old income tax returns (ITR) beyond the specified time limits. Finance Minister Nirmala Sitharaman said while presenting Budget 2024, "I propose to thoroughly simplify the...
Investimental uses Devexperts’ DXtrade platform to launch US market trading in Romania
Investimental, a fast-growing Romanian stock brokerage, and Devexperts, a financial software provider, have announced a new partnership which brings US market access to retail investors in Romania. Investimental has deployed Devexperts’ flagship product, DXtrade XT, a...
Pfizer’s gene therapy for hemophilia A succeeds in late-stage trial
Kena Betancur | Corbis News | Getty ImagesPfizer on Wednesday said its experimental gene therapy for a rare genetic blood-clotting disorder succeeded in a large late-stage trial, paving the way for a potential approval.The treatment for hemophilia A could become the...
Standalone PAT rises 4% YoY to Rs 6,035 crore, NII jumps 12%, ET BFSI
Axis Bank on Wednesday reported a standalone net profit of Rs 6,035 crore for the quarter ended June 30, 2024, which was up 4% versus Rs 5,797 crore reported by the lender in the year-ago period. The profit was lower than the Street estimates of Rs 6,348 crore.The...
HKMA Warns Public About Suspicious Mox Bank Websites and Login Screens
Terrill Dicki Jul 24, 2024 14:03 The Hong Kong Monetary Authority (HKMA) alerts the public to suspicious websites and internet banking login screens related to Mox Bank Limited. HKMA Issues Alert on Suspicious...
BoC cuts rate to 4.50%, downgrades 2024 GDP forecasts
BoC cuts overnight rate by 25bps to 4.50% as widely expected. The Governing Council is carefully assessing the “opposing forces” on inflation, where excess supply is lowering inflationary pressures, but shelter and some services are holding inflation up. Future...
Binance to Adjust Tick Size for USDⓈ-M Perpetual Futures Contracts
Tony Kim Jul 24, 2024 13:27 Binance announces tick size adjustments for several USDⓈ-M Perpetual Futures Contracts to enhance market liquidity and user experience. Binance, one of the leading cryptocurrency...
Oil falls amid possible truce between Israel and Hamas. Indices remain under pressure :: InvestMacro
By JustMarkets At Tuesday’s close, the Dow Jones Index (US30) decreased by 0.14%, while the S&P 500 Index (US500) was down 0.16%. The NASDAQ Technology Index (US100) closed negative 0.06%.Spotify (SPOT) shares are up 2.11% after reporting stronger-than-expected...
DPIIT to create strict timelines for govt agencies, depts for clearance of FDI proposals, ET BFSI
File photo. (ANI Photo/Mohd Zakir)New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) will formulate strict timelines for different government agencies and departments for clearance of Foreign Direct Investment (FDI) proposals from...
Govt wants to encourage longer-term investment and not speculation via derivatives or short-term trading: Finance Secretary, ET BFSI
TV Somanathan, Finance Secretary, says the message to the markets is that long-term investments in the share markets are very important for the economy and they continue to be encouraged. They will be taxed moderately as is necessary for every form of income. And...
Euro Slips After Weak PMI Data, Yen Extends Gains on BoJ Speculations
Yen continues to dominate the forex markets today, with speculation heating up ahead of next week’s BoJ meeting. According to a Reuters report, unnamed sources have confirmed that a rate hike will be debated at the meeting. However, the decision is expected to be a...
US goods exports rises 5.7% yoy, imports rises 6.9% yoy
US goods exports rose 5.7% yoy to 172.32B in June. Goods imports rose 6.9% yoy to USD 269.16B. Trade balance reported USD -96.84B, versus expectation of USD -98.0B. Wholesale inventories rose 0.2% mom to USD 903.3B. Retail inventories rose 0.7% mom to USD 802.1B. Full...
CME Group reports record quarterly Revenue of $1.5 Billion in Q2-2024
Derivatives marketplace operator CME Group Inc. (NASDAQ:CME) has reported financial results for the second quarter of 2024, which include record quarterly revenues, record adjusted net income and earnings per share, the company’s highest Q2 average daily volume (ADV)...
Karnataka Bank posts record profit of Rs 400.33 crore in Q1, BFSI News, ET BFSI
New Delhi, Karnataka Bank on Wednesday reported a record 7.99 per cent rise in net profit to Rs 400.33 crore for the June 2024 quarter. In the year-ago period, the bank posted a net profit of Rs 370.70 crore. The bank also achieved its highest business turnover at Rs...
Binance to Delist Several Spot Trading Pairs on July 26, 2024
Rongchai Wang Jul 24, 2024 12:47 Binance announces the removal of selected spot trading pairs due to poor liquidity and trading volume, effective July 26, 2024. Binance, one of the leading cryptocurrency...
Brent Oil Prices Decline Amid Inventory Reductions and Middle East Optimism
Brent crude oil prices have continued their downward trajectory, reaching 81.14 USD per barrel as of Wednesday. This marks the fifth consecutive session of decline, primarily influenced by significant reductions in US oil inventories. The latest data from the API...
Budget 2024 struck a fine balance, tax changes to spur consumption: Economists, ET BFSI
The Union Finance Minister Nirmala Sitharaman tabled the Budget presentation at Parliament on Tuesday. Some of the core focus areas of the budget were employment, skills development, MSMEs and the middle class. Changes in income tax slabs were announced while capital...
Spot Ethereum ETFs go live! :: InvestMacro
Ethereum ETF’s exceed $100 million inflows on debutCollective trading volume of ETFs surpass $1 billionCryptocurrency ↑ 50% since start of 2024Technical levels – 21 & 50 day SMAOnly a few months ago we discussed the possibility of Ethereum ETFs after Bitcoin paved...
STCG tax move to halt excess trading activities, will not dissuade investors in long run: Market Experts, ET BFSI
Finance Minister Nirmala Sitharaman has announced changes in capital gains taxes during her Budget presentation on Tuesday. While the market sentiment is negative, Industry experts believe that this will bring about better investor behaviour since investors will want...
Cronos (CRO) zkEVM Initiates Passage Quest Ahead of Mainnet Launch
Peter Zhang Jul 24, 2024 11:39 Cronos (CRO) zkEVM opens the Passage quest, inviting users to deposit CRO or LCRO for zkCRO and loyalty points ahead of its mainnet launch. Cronos (CRO) Labs has announced the...
ETHUSD Trades Flat After ETF Debut
ETHUSD has been rangebound in the past few sessions Spot ETF launch did not trigger much volatility Momentum indicators remain positively tilted ETHUSD (Ethereum) has experienced a strong rally in July, breaking above its 50-day simple moving average (SMA). However,...
20 employees cut following $500 million funding
Cohere, the artificial intelligence startup founded by ex-Google AI researchers and backed by Nvidia, cut about 20 roles on Tuesday, CNBC confirmed.The layoffs at Cohere, which had about 400 employees according to the company, follow the completion of a $500 million...
AMF re-warns of Immediate Connect auto trading fraud promotions
France financial regulator Autorité des marchés financiers (AMF) has issued a reminder to retail investors to be extremely vigilant regarding Immediate Connect’s fraudulent investment offer. The AMF said that it is continuing to receive a large number of complaints...
Federal Bank to open 100 branches in FY25; sustainability of profitability important, says CEO Shyam Srinivasan, ET BFSI
Federal Bank which opened about 140 odd branches in the previous financial year, now plans to open about 100 more branches by FY25, highlighted the bank's MD & CEO, Shyam Srinivasan in the bank's quarterly results presser on Wednesday. He further stated that out...
Boost to PMAY with Rs 2.2 trn assistance, Rs 4000 crore credit-linked subsidy, ET BFSI
Boost to PMAY with Rs 2.2 trn assistance, Rs 4000 crore credit-linked subsidyWith an aim to address the housing needs of the urban poor and middle class families, Finance Minister Nirmala Sitharaman has announced an investment of Rs 10 lakh crore under the PM Awas...
OpenAI reassigns top safety exec Madry to role focused on AI reasoning
OpenAI last week removed Aleksander Madry, one of OpenAI's top safety executives, from his role and reassigned him to a job focused on AI reasoning, sources familiar with the situation confirmed to CNBC.Madry was OpenAI's head of preparedness, a team that was "tasked...
Sen. Bob Menendez will resign seat Aug. 20 after bribery conviction
U.S. Senator Robert Menendez, D-N.J., arrives at federal court for his bribery trial in connection with an alleged corrupt relationship with three New Jersey businessmen, in New York City on May 21, 2024.David Dee Delgado | ReutersSen. Bob Menendez, the New Jersey...
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 168.13; (P) 169.61; (R1) 170.38; More… EUR/JPY’s fall from 175.41 resumed after brief consolidations and dives to as low as 167.42 so far. Intraday bias is back on the downside for 38.2% retracement of 153.15 to 175.41 at 166.90. Some support could...
BitMEX Launches POPCATUSDT Perpetual Swap with 10x Leverage
Alvin Lang Jul 24, 2024 11:02 BitMEX has announced the launch of the POPCATUSDT perpetual swap, offering traders up to 10x leverage, according to the BitMEX Blog. BitMEX, a leading cryptocurrency exchange, has...
Comprehensive Insights: Your Ethereum (ETH) Questions Answered by Grayscale
Caroline Bishop Jul 24, 2024 09:10 Grayscale addresses key Ethereum (ETH) questions, covering topics like blockchain technology, investment potential, and future prospects. Grayscale, a leading digital asset...
Lyft president Kristin Sverchek to exit on Aug. 20
An empty Lyft pickup area is shown as ride-share drivers hold a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers "basic employee rights," in Los Angeles on Aug. 20, 2020.Mike Blake |...
India may cut borrowing if small saving inflows are high, official says, ET BFSI
By Nikunj OhriMUMBAI - India could look at cutting gross borrowing later in the financial year if inflows into national small saving schemes (NSSF) are high, Economic Affairs Secretary Ajay Seth told Reuters on Wednesday.NSSF consists of public investments in schemes...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 199.97; (P) 201.57; (R1) 202.38; More… GBP/JPY’s fall from 208.09 accelerates to as low as 198.95 so far, breaking through 55 D EMA. Intraday bias stays on the downside for for 38.2% retracement of 178.32 to 208.09 at 196.71 next. For now, risk will...
FM skips banking privatisation, divestment in Budget 2024; IDBI sale on track, ET BFSI
Banking stocks saw a sharp decline following the 2024 Budget's lack of significant sector reforms with shares of major banks falling over 1 per cent on the Budget day.Investors had anticipated measures such as the consolidation of government-owned banks, divestment...
How Truth Social could potentially make Trump billions
Truth Social is a social media platform whose majority owner is former President Donald Trump.A team of early investors say they want to "end Big Tech's assault on free speech." Achieving that may require a rapid uptick in the size of its user base, which is currently...
Understanding the Abilities and Limitations of ChatGPT
Everyone who uses the internet must have come across the term ‘ChatGPT’ at some point in their online experience. The generative AI tool has shown the world what AI can achieve and how it can help different groups of users. Marketing professionals, college students,...
Alphabet to invest $5 billion in self-driving car unit Waymo
A Waymo rider-only robotaxi is seen during a test ride in San Francisco on Dec. 9, 2022.Paresh Dave | ReutersAlphabet is again investing in its self-driving car unit Waymo — this time with $5 billion."This new round of funding will enable Waymo to continue to build...
NZDUSD Plunges to New Multi-Week Low
NZDUSD dives almost 4% from the July high of 0.6150 Price may rebound off 0.5875 20- and 200-day SMAs record a bearish cross Momentum oscillators indicate upside correction NZDUSD has been creating an aggressive bearish rally since the break beneath the short-term...
What are the 8 new measures announced for MSMEs in Budget 2024?, ET BFSI
What are the 8 new measures announced for MSMEs in Budget 2024? In the Union Budget 2024, the Narendra Modi-led NDA government provided special attention to the Micro, Small and Medium Enterprises (MSMEs), and manufacturing, particularly the labour-intensive...
Binance to Support Conflux (CFX) Network Upgrade and Hard Fork
Darius Baruo Jul 24, 2024 09:48 Binance announces support for Conflux (CFX) network upgrade and hard fork, suspending deposits and withdrawals on August 13, 2024. Binance, a leading cryptocurrency exchange, has...
DeepL AI translation firm launches traditional Chinese language
DeepL CEO Jaroslaw "Jarek" Kutylowski.DeepLGerman artificial intelligence translation startup DeepL on Wednesday launched traditional Chinese as a language option as it looks to expand its presence in Asia.DeepL, one of Europe's high-profile AI companies valued at $2...
STCG tax move to halt excess trading activities, will not dissuade investors in long run: Market Experts, ET BFSI
Finance Minister Nirmala Sitharaman has announced changes in capital gains taxes during her Budget presentation on Tuesday. While the market sentiment is negative, Industry experts believe that this will bring about better investor behaviour since investors will want...
Trump says he is willing to debate Harris multiple times
Republican presidential nominee and former U.S. President Donald Trump walks off stage after speaking at a campaign rally at the Van Andel Arena in Grand Rapids, Michigan, on July 20, 2024.Anna Moneymaker | Getty ImagesFormer President Donald Trump on Tuesday said he...
EUR/CHF Daily Outlook – Action Forex
Daily Pivots: (S1) 0.9665; (P) 0.9678; (R1) 0.9688; More…. Immediate focus is now on 0.9641 temporary low in EUR/CHF. Firm break there and sustained trading below 38.2% retracement of 0.9476 to 0.9772 at 0.9659 will extend the fall from 0.9772 to 61.8% retracement at...
Tesla’s margin getting hammered by discounts and hefty AI spending
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty ImagesAs Tesla CEO Elon Musk continues to make lofty...
CFI welcomes seven-time F1 World Champion Lewis Hamilton as Global Brand Ambassador
Leading online broker CFI has unveiled a new partnership with Seven-Time Formula 1 World Champion Lewis Hamilton, as its newest Global Brand Ambassador. This landmark multi-year agreement marks a pivotal moment for CFI, aligning the group with one of the most iconic...
HDFC bank raises FD rates for 35 and 55 months, ET BFSI
HDFC bank has increased its fixed deposit interest rates on two tenures starting today. Deposits for 35 months will attract a 7.35% interest rate, and 55 months will attract 7.4% rate. For senior citizens, a 35 month FD will have an interest rate of 7.85%, and 55...
UK manufacturing PMI hits 24-month high, encouraging start to H2
UK PMI data for July reveals a promising start to the second half of the year. PMI Manufacturing rose to 51.8, exceeding expectations of 51.1 and marking a 24-month high. PMI Services also increased slightly from 52.1 to 52.4, though just below the forecast of 52.5....
Budget 2024 struck a fine balance, tax changes to spur consumption: Economists, ET BFSI
The Union Finance Minister Nirmala Sitharaman tabled the Budget presentation at Parliament on Tuesday. Some of the core focus areas of the budget were employment, skills development, MSMEs and the middle class. Changes in income tax slabs were announced while capital...
Selling property? Brace for more tax liability as Union Budget takes away indexation benefit, ET BFSI
In the 2024 Budget, Finance Minister Nirmala Sitharaman announced the removal of the indexation benefit for property sales, significantly impacting individuals selling their properties. The indexation benefit previously allowed sellers to adjust the purchase price of...
Elon Musk wants Tesla to invest $5 billion into his newest startup, xAI — if shareholders approve
Musk is attending Cannes Lions this week with an aim to reassure ad groups and global brands over the future of X.Marc Piasecki | Getty ImagesTesla CEO Elon Musk posted an informal poll on social network X asking whether his publicly traded automaker should invest $5...
AGI-24 Conference Set to Explore the Future of Artificial General Intelligence
Rongchai Wang Jul 24, 2024 08:39 The 17th Annual AGI Conference, AGI-24, will be held from August 13-16, 2024, both in-person in Seattle and online. The 17th Annual AGI Conference, AGI-24, is scheduled to take...
Judge will not block Biden administration ban on worker ‘noncompete’ agreements
US President Joe Biden arrives at Joint Base Andrews in Maryland on July 23, 2024. Biden is returning to the White House after spending nearly a week at his personal residence recovering from Covid and for the first time since dropping his reelection bid. Saul Loeb |...
Scope Prime hires Maybank exec Miranti Rostian as Head of South East Asia
Scope Prime, the offshore institutional liquidity division of Rostro Financial Group, has announced the appointment of Miranti Rostian as Head of South East Asia. The move comes just over a month since Scope Prime hired ACY and IC Markets alum Andrew Taylor into the...
Rupee settles at record closing low as equity tax hikes hurt sentiment, ET BFSI
The Indian rupee slipped to record lows on Tuesday as the government raising tax rates for capital gains from equity investments and on equity derivative trades hurt market sentiment.The rupee ended slightly lower against the U.S. dollar at 83.6875, its weakest ever...
Eurozone PMI composite hits 5-month low at 50.1, ECB’s post-September rate cut path uncertain
Economic activity in Eurozone weakened in July, with PMI Manufacturing dipping from 45.8 to 45.6, a seven-month low, and missing expectations of 46.3. PMI Services also declined from 52.8 to 51.9, below the anticipated 52.9, marking a four-month low. Consequently, PMI...
Tesla shares fall 8% in premarket trading after weaker-than-expected earnings
Elon Musk, CEO of Tesla.Antonio Masiello | Getty ImagesTesla shares fell more than 8% in premarket trading in the U.S. after the electric carmaker reported second-quarter earnings that missed expectations amid ongoing pressure in its auto business.Elon Musk's electric...
BFSI leaders hail policy continuity, fiscal discipline, and skill mapping, ET BFSI
What was considered a bold bet, setting the fiscal deficit target of 5.1 per cent for FY25 during Interim Budget 2024 announcement, has further been trimmed to 4.9 per cent on Tuesday as Sitharaman presented the full Union Budget of 2024, the surplus RBI dividend,...
RBI bounty used for managing fiscal deficit and funding growth, ET BFSI
The higher dividend from the Reserve Bank of India (RBI) bank has been used equally to manage the fiscal deficit and developmental projects an analysis of the numbers indicate.It is already known that the government revenues would get a big boost because of the RBI...
FX option expiries for 24 July 10am New York cut
There are a couple to take note of, as highlighted in bold.However, they may not feature too much into play given the state of play in major currencies this week.The first one being for USD/JPY at the 155.00 mark but the pair is feeling rather heavy already in the...
How CrowdStrike caused a global IT meltdown and what comes next
Last week, the world faced what was likely the biggest IT failure in history.When some people around the world logged onto their laptops on Friday, they were greeted with a blue error screen on their Microsoft Windows operating system.But this was not a Microsoft...
Trump 2.0 could go ‘nuclear’ on trade with China, economist says
Republican Presidential nominee and former President Donald J. Trump holds campaign rally at the Van Andel Arena in Grand Rapids, Michigan on July 20, 2024. Bill Pugliano | Getty Images News | Getty ImagesFormer President Donald Trump would likely take his trade war...
Yen Jumps as Strong PMI Boosts BoJ Hike Hopes; Canadian Dollar Eyes BoC Cut
Yen’s rally accelerates again in Asian session today, driven by stronger-than-expected PMI services data, which bolsters the argument for a BoJ rate hike next week. While opinions vary on the exact timing of the rate move, with some economists forecasting a move in...
Riot Platforms Acquires Block Mining to Boost Capacity to 2 Gigawatts
Joerg Hiller Jul 24, 2024 07:39 Riot Platforms, Inc. has acquired Block Mining, Inc., significantly expanding its operational and power capacity in the Bitcoin mining sector. Riot Platforms, Inc. (NASDAQ: RIOT),...
ADVFN adds AI Intelligence tool to its investor platform
London based trader information website operator ADVFN plc (LON:AFN) has provided an update on the current development of the ADVFN investor platform. The Company said it has been making a number of enhancements to the platform, in line with ADVFN’s strategic aim to...
Gala Games Unveils ‘Legacy’ – A New Entrepreneurial NFT Game
Jessie A Ellis Jul 24, 2024 08:03 Gala Games introduces 'Legacy', a unique NFT game focused on entrepreneurship, where players can own virtual land and manage guilds. Gala Games has announced the launch of...
Profit rises 14% YoY to Rs 3,912 crore; NII jumps 25%, ET BFSI
Bajaj Finance Ltd on Tuesday reported 14% year-on-year (YoY) growth in its consolidated net profit at Rs 3,912 crore for the first quarter ended June 2024. The profit was slightly below the Street estimate of Rs 3,947 crore.Net interest income (NII) for the reporting...
Focus on poor, women, youth & farmer, says Nirmala Sitharaman, ET BFSI
Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Tuesday presented the first Budget of Modi 3.0 government.The Union Cabinet headed by Prime Minister Narendra Modi met in Parliament to approve the Union Budget ahead of its presentation by the Finance...
Kotak Mahindra Bank bets on deeper ties with customers, BFSI News, ET BFSI
Kotak Mahindra Bank, the country's fourth-biggest private lender by market value, said its margins and unsecured loan business are affected by the Reserve Bank of India's (RBI) embargo, but it has made progress in deepening relationships with Kotak 811 customers and...
NVIDIA AI Foundry Introduces Custom Llama 3.1 Generative AI Models for Enterprises
Ted Hisokawa Jul 23, 2024 18:50 NVIDIA launches AI Foundry service and NIM microservices, enabling enterprises to create custom Llama 3.1 generative AI models for industry-specific applications. NVIDIA has...
FM unveils ₹1.48 lk Cr for education, jobs, and skills, ET BFSI
Union Budget 2024 updates: Union Finance Minister Nirmala Sitharaman on Monday, July 22, announced a significant allocation of ₹1.48 lakh crore in the Budget for FY25, focusing on education, employment, and skill development. This move underscores the government's...
Cryptocurrencies fall on day 1 of ether ETFs as Mt. Gox moves more bitcoin to creditors
People walk past a neon sign advertising a Bitcoin and Ethereum crypto currency exchange in Warsaw, Poland on 19 May, 2024. Jaap Arriens | Nurphoto | Getty ImagesBitcoin led the crypto market lower on Tuesday – the first trading day for ether ETFs – as Mt. Gox...
Banking stocks drop as Budget 2024 skips privatisation, divestment, ET BFSI
Banking stocks saw a sharp decline following the 2024 Budget's lack of significant sector reforms with shares of major banks falling over 1 per cent.Investors had anticipated measures such as the consolidation of government-owned banks, divestment initiatives, or...
Crypto: Tactical Retreat from the Peak
Market picture The cryptocurrency market lost 2% of its capitalisation in 24 hours to $2.41 trillion. However, this is a pullback from a high base. This tug-of-war between bulls and bears points to the importance of the current situation. Bitcoin and Ethereum are...
Llama 3.1 Now Optimized for AMD Platforms from Data Center to AI PCs
Joerg Hiller Jul 23, 2024 18:13 AMD and Meta's Llama 3.1 brings enhanced AI capabilities to AMD platforms, including Instinct MI300X GPUs and EPYC CPUs. In a significant development for the artificial...
FM maintains India’s FY25 capex outlay at Rs 11.11 lakh crore, ET BFSI
Finance Minister Nirmala Sitharaman announced that India’s capital expenditure (capex) outlay for the fiscal year 2025 will remain at Rs 11.11 lakh crore, same as the allocation made in February. This represents a significant increase from the previous year’s revised...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0875; (P) 1.0889; (R1) 1.0905; More….. EUR/USD’s break of 1.0871 support suggests that a short term top was already formed at 1.0947, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside for 55 D EMA (now at 1.0810)....
HDFC Bank MD expresses disappointment with deposits, ET BFSI
HDFC Bank managing director Sashidhar Jagdishan expressed disappointment over the deposits in the quarter to June, a period when volatility in current account flows caught the country’s largest private bank off guard.“I know that the most important part of our...
FM Sitharaman proposes to abolish angel tax for all classes of investors, ET BFSI
Union Finance Minister Nirmala Sitharaman in her Budget speech on Tuesday announced that angel tax will be abolished for all investors.The announcement was made during the presentation of Budget 2024-25 in Lok Sabha.The Angel tax was introduced in 2012, intended to...
Nasdaq 100: Potential Bullish Reversal Looms Ahead of Alphabet and Tesla Earnings Results
Market breadth indicators (% of component stocks above 20-day & 50-day moving averages) have increased to above 50%. Short-term bullish momentum condition sighted at the retest of its 50-day moving average. Watch the 19,520 key short-term support ahead of a risk...
Arcade Enhances Interactive Demos with ElevenLabs’ AI Voice Technology
Darius Baruo Jul 23, 2024 17:04 Arcade integrates ElevenLabs to offer AI-driven voiceovers, doubling usage and enriching customer experiences with multilingual support. Arcade, a platform known for its...
Arkham Intelligence Identifies Onchain Locations for All ETH ETFs
Zach Anderson Jul 23, 2024 17:25 Arkham Intelligence has identified the onchain locations of all Ethereum (ETH) ETFs, marking a significant milestone in the cryptocurrency space. Arkham Intelligence has...
RBI clears KVS Manian’s appointment as MD & CEO of Federal Bank, ET BFSI
MUMBAI: The Reserve Bank of India (RBI) has approved the appointment of KVS Manian as the MD and CEO of Federal Bank for a term of three years, the bank informed exchanges on Monday evening. Manian, former joint MD of Kotak Mahindra Bank, will replace Shyam...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2912; (P) 1.2927; (R1) 1.2949; More… GBP/USD is still holding above 1.2859 resistance turned support and intraday bias remains neutral. Further rally is expected for now. Break of 1.3043 will resume the rise from 1.2298 and target 100% projection...
Sensex tanks over 1000 points, recovers later; Nifty at 24,350, ET BFSI
NEW DELHI: Equity benchmark indices Sensex and Nifty plummeted after Union finance minister Nirmala Sitharaman announced an increase in the Securities Transaction Tax (STT) on Futures and Options (F&O) securities while presenting the Union Budget 2024-25. She...
NARCL lines up another Rs 1.25 lakh cr of NPAs from banks, BFSI News, ET BFSI
The government backed National Asset Reconstruction Co Ltd (NARCL) has offered to acquire another Rs 1.25 lakh crore of non-performing assets (NPAs) from banks with offers at various stages of due diligence and evaluations, the finance ministry said in the pre-budget...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8878; (P) 0.8890; (R1) 0.8909; More… Intraday bias in USD/CHF is back on the upside with break of 0.8914 support turned resistance. Further rally should be seen to 55 D EMA (now at 0.8967) and possibly above. But still, break of 0.9049 resistance...
Tokenisation: A Future-Ready Solution for Financial Markets, Says Bitfinex
Terrill Dicki Jul 23, 2024 16:28 Bitfinex argues that tokenisation is a crucial innovation for modernising financial markets, countering skepticism from traditional finance. Bitfinex has recently asserted that...
Tesla TSLA earnings Q2 2024
Tesla is set to report second-quarter earnings after the bell on Tuesday.Here's what Wall Street is expecting based on a survey of analysts by LSEG:Earnings per share: 62 cents expectedRevenue: $24.77 billion expectedAfter a rocky first half of the year, in which...
Capex surge, MSME aid, tax changes, IBC reforms & more, ET BFSI
In a bold move to invigorate economic growth and transform the financial landscape, the Budget 2024 introduces a comprehensive suite of initiatives designed to bolster infrastructure, streamline business operations, and expand digital and green finance. The government...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 156.37; (P) 156.99; (R1) 157.69; More… No change in USD/JPY’s outlook as range trading continues. Intraday bias stays neutral and further decline is expected with 158.85 resistance intact. Below 155.36 will target 38.2% retracement of 140.25 to...
SBI MD, BFSI News, ET BFSI
Mumbai: Lowering the cash deposit ratio or the proportion of deposits which banks are mandatorily required to park with the RBI will help the lenders facing low deposit growth, SBI Managing Director Ashwini Kumar Tewari said on Monday. Conversations for such a cut are...
American Bank Stocks Surge on IB Comeback :: InvestMacro
McAlinden Research takes a look at shares of U.S. banks, which it believes are surging in the wake of recent quarterly earnings.The latest spate of bank earnings coincided with the SPDR S&P Bank ETF’s (KBE:NYSEARCA) best 5-day span of trading since November 2020,...
Meta debuts newest Llama AI model with help from Nvidia and others
Meta on Tuesday announced the latest version of its Llama artificial intelligence model, dubbed Llama 3.1. The newest Llama technology comes in three different versions, with one variant being the biggest and most capable AI model from Meta to date. Like previous...
NVIDIA and Infosys Revolutionize Telco Network Operations with AI Solutions
Luisa Crawford Jul 23, 2024 15:20 Infosys leverages NVIDIA NIM and NeMo Retriever to enhance telco network operations, reducing latency by 61% and increasing accuracy by 22%. Telecom companies face the ongoing...
Dollar Bears Paused, Breaking the Uptrend
Last week, the dollar index regained some of its losses from the previous four weeks, but technically, it looks like short-term profit-taking by sellers before a new downward momentum. The US dollar has been under pressure since late June as the Fed noted progress in...
Lawmakers unveil PBM reform bill amid rising drug costs
Feverpitched | Getty ImagesBipartisan lawmakers introduced a new bill on Tuesday that aims to crack down on the business practices of drug supply chain middlemen who are widely accused of inflating prescription medication prices and harming U.S. patients and...
How FM will juggle finances, lower fiscal deficit to 4.9%, ET BFSI
The government is aiming for the fiscal deficit target of 4.9 per cent of GDP in Budget Estimates 2024-25 in line with the glide path of fiscal consolidation to reach a fiscal deficit below 4.5 percent by FY 2025-26. "Notwithstanding continued global uncertainties,...
Changing customer behaviour forces India’s banks to recalibrate strategies, ET BFSI
As a time when persistent inflation is eating into people's bank savings but banks are resisting a raise in interest rates on savings deposits, savers are turning themselves into investors, pushing banks to rethink their strategies, ToI reported on July 22. According...
What Google decision to keep cookies means for the internet
Google announced in a surprise move that it would reverse its years-long plan to phase out third-party cookies.Daniel Acker | Bloomberg | Getty ImagesGoogle on Monday announced a bold move that has some big implications for advertisers and the future of the...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Jul 23, 2024 14:49 UTC | Updated: Jul 23, 2024 at 14:49 UTC By Clark On-chain activity shows early ETH investors moving large funds to the Kraken exchange as the launch of Spot Ethereum ETFs approach. This bearish activity has sparked concerns...
Secret Service director resigns over Trump shooting outrage
United States Secret Service Director Kimberly Cheatle testifies before the House Oversight and Accountability Committee during a hearing at the Rayburn House Office Building on July 22, 2024 in Washington, DC. Kent Nishimura | Getty ImagesU.S. Secret Service Director...
EUR/JPY Outlook: Collapses to Five-Week Low on BoJ Rate Hike Signals
EURJPY fell nearly 1% on Tuesday, as yen rose across the board on hawkish talks which may prompt BoJ for more rate hikes. The pair broke below psychological 170 support, hitting the lowest levels in five weeks and cracked Fibo 76.4% retracement of 167.52/175.42 upleg....
AUD is under pressure from the PBoC cut rates. Singapore is seeing a decline in inflation :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones Industrial Average (US30) was up 0.32%, while the S&P 500 Index (US500) added 1.08%. The NASDAQ Technology Index (US100) closed positive 1.58%.NVIDIA Corporation (NVDA) closed nearly 5% higher after Reuters reported...
GM slows its EV plans again even as sales grow
GM's 2024 Chevrolet Equinox EV during a media launch event for the vehicle in Detroit, May 16, 2024.Michael Wayland / CNBCDETROIT – General Motors said Tuesday it is again slowing its plans for all-electric vehicles by further delaying a second U.S. electric truck...
SingularityNET (AGIX) Invests $53M in AI Infrastructure to Propel AGI Development
Tony Kim Jul 23, 2024 14:37 SingularityNET (AGIX) announces a $53 million investment to advance AI infrastructure, focusing on AGI and ASI development. SingularityNET (AGIX), a prominent entity in decentralized...
Indian Overseas Bank reports Q1 net at Rs 633 cr, up by 26.6%, ET BFSI
Chennai, Public sector Indian Overseas Bank on Monday reported a 26.60 per cent rise in its net profits for the April-June 2024 quarter at Rs 633 crore. The city-headquartered bank had registered a net profit of Rs 500 crore during the corresponding quarter of last...
Centre trims fiscal deficit target for FY25 to 4.9% of GDP, maintains fiscal consolidation, ET BFSI
The government has further trimmed its fiscal deficit target for FY25 to 4.9% of the Gross Domestic Product.This target aligns with the aspiration of beating the fiscal deficit target of 4.5% of GDP by FY26.During the interim budget 2024, the Finance Minister had set...
Sunset Market Commentary – Action Forex
Markets Another empty daily calendar left investors to their own devices with central bank meetings in Hungary (-25 bps to 6.75%, as expected) and Turkey (unchanged at 50%, cfr. infra) offering some distraction in non-core areas. That resulted in core bonds gaining...
BNB Incubation Alliance to Return at Bitcoin 2024 in Nashville
Timothy Morano Jul 23, 2024 14:05 BNB Chain announces the second BNB Incubation Alliance at Bitcoin 2024 in Nashville, fostering growth for early-stage blockchain projects. BNB Chain has announced the second...
Cutting marketing spending often backfires on businesses – new research could help investors distinguish shortsighted cuts from smart ones :: InvestMacro
Businesses are often tempted to cut their marketing budgets for the short-term savings it provides – but those cuts can cause problems in the long term. A new study my colleague Tarun Kushwaha and I published in The Journal of Marketing proposes a method for...
June home sales slump, pointing to a buyer’s market
Patchogue, N.Y.: A For Sale sign hangs in front of a house in Patchogue, New York, on June 1, 2024.Steve Pfost | Newsday | Getty ImagesSales of previously owned homes dropped 5.4% in June compared with May, to 3.89 million units on a seasonally adjusted, annualized...
Yen Holds Strong While Dollar Begins to Flex Its Muscles
Japanese Yen continues to stand out as the strongest currency, in another day with a lackluster economic calendar. However, it’s Dollar that’s capturing market interest as markets enter into US session, where it has shown notable gains against major counterparts like...
Shri Ramasubramanian S, Union Bank of India, ET BFSI
"See, ROA, actually speaking if you are looking at our previous records we have had a vision for a ROA of more than 1% in March 2025 only but we reached last year itself and we try to maintain above 1% in the coming days also, which we have taken various steps,...
Indirect Tax measures aim to boost domestic manufacturing and exports, says Nirmala Sitharaman, ET BFSI
“To multiply the benefits of GST, we will strive to further simplify and rationalise the tax structure and endeavour to expand it to the remaining sectors,” noted Nirmala Sitharaman while announcing the developments in the indirect taxes.The Union Budget 2024...
Golem Network Unveils Updated AI/GPU Roadmap
Felix Pinkston Jul 23, 2024 13:29 Golem Network announces an updated AI/GPU roadmap focusing on market-validated initiatives, enhancing GPU resource supply for AI industry needs. Golem Network has released an...
A Silicon Valley executive had $400,000 stolen by cybercriminals while buying a home. Here’s her warning
Real estate, with its large transaction sizes and frequent use of bank wires, has proven to be an especially lucrative target for cybercriminals.
Analysis of XAU/USD: Gold Price Falls for 4 Consecutive Days
As shown on the XAU/USD chart, Monday, 22 July marked the fourth consecutive day of declining gold prices. The change from the historical peak reached on Wednesday is around -3.5%. Bearish sentiment is driven by: → Market participants’ assessment of prospects due to...
Biggest India fund sees Budget arming central bank with liquidity tool, ET BFSI
India’s federal budget should arm the central bank with a time-tested tool to deal with a potential surge in bond flows on the nation’s entry into a key global index, according to the nation’s largest asset manager.“Rather than selling long bonds from their book and...
Capital gains exemption limit hiked, long term cap gains tax increased to 12.5% from 10%, ET BFSI
Finance Minister Nirmala Sitharaman has announced changes in capital gains taxes during her 7th consecutive Budget presentation at Lok Sabha on Tuesday.Investors will have to allocate a greater chunk for taxes with the government increasing both short and long term...
EUR and GBP Retreat from Key Levels
Financial and currency markets are experiencing one shock after another. The steady decline in US inflation, a potential Fed rate cut, and the current US president’s exit from the election race have led to sharp fluctuations in almost all currency pairs. Last week:...
Exclusive: ITI Capital revenues down 12% in 2023 but profit soars as firm exits Retail
FNG Exclusive… FNG has learned that London based institutional broker ITI Capital saw a 12% erosion in Revenues during 2023, although a much lower cost base – as the company exited the retail client business – led to much improved profitability. Revenues at ITI...
Bitcoin (BTC) Surges Amid Positive Market Signals, Reaches 39-Day High
Joerg Hiller Jul 23, 2024 12:21 Bitcoin (BTC) hits a 39-day high at $68,560, recovering over 29% from its July lows, driven by strong market signals and increased investor confidence. Bitcoin (BTC) has...
Rural borrowers share in microfinance space scales to 10-year-high, ET BFSI
Rural borrowers share in microfinance space scales to 10-year-highThe Economic Survey for FY24 highlighted that the share of rural borrowers in the microfinance space scaled a 10-year higher of 74% in 2022-23.During FY23, the microfinance sector rebounded strongly,...
Gold Outlook: Pullback from New Record High Runs Out of Steam Ahead of Key US Data
Gold price edges higher in European trading on Monday, after Monday’s Doji candle signaled that pullback from new record high ($2483) might be running out of steam. Pullback was contained by solid supports at $2390 zone (daily Kijun-sen / 50% retracement of...
UPS earnings Q2 2024
A person walks into a UPS (United Parcel Service) customer center on April 1, 2024 in Los Angeles, California. Mario Tama | Getty ImagesUnited Parcel Service on Thursday reported profit and revenue for the second-quarter that came in below expectations and cut its...
Exclusive: Tickmill Head of BizDev Carla Nemr departs
FNG Exclusive… FNG has learned that Carla Nemr, one of the longest-serving senior executives at leading global Retail FX and CFDs broker Tickmill, has left the company. Carla Nemr joined Tickmill in 2017 in its Limassol, Cyprus office as a business development...
What are the income tax changes for companies in Budget 2024-25?, ET BFSI
In case of domestic company, the rate of income-tax shall be 25% of the total income, if the total turnover or gross receipts of the previous year 2022-23 does not exceed Rs 400 crore and where the companies continue in section 115BA regime, according to the changes...
Democratic megadonors want to slow Harris nomination, but no challengers
US Philanthropist Michael Bloomberg speaks at the Earthshot Prize Innovation Camp on June 27, 2024 in London, England.Wpa Pool | Getty ImagesSome of the Democratic Party's top donors have been urging the party to hit the brakes on Vice President Kamala Harris' surge...
FTSE 100 Consolidates, S&P 500 Faces Critical Test, Earnings Ahead
The FTSE 100 is currently consolidating, trading within a range, with the possibility of a significant breakout. Glencore and Anglo American experiencing declines while Compass reports strong revenue growth. The S&P 500 faces a critical resistance level that could...
Binance Launches New ‘Learn & Earn’ Program with ASTR Rewards
Felix Pinkston Jul 23, 2024 11:37 Binance announces a new round of 'Learn & Earn' where users can earn ASTR rewards by completing blockchain courses and quizzes. Binance, one of the world's largest...
List of banks offering best interest rates on 5-year senior citizen FDs, ET BFSI
Fixed deposits (FDs) are one of the best investment options for those investors who want a stable income securely. There are a few banks that continue to offer up to 8% interest on senior citizen FDs of up to Rs 3 crore maturing in five years. This high FD interest...
Conservative approach on growth; job & skill creation core focus area, says Economists, ET BFSI
The Economic Survey 2024 was tabled by the Finance Minister Nirmala Sitharaman on Monday, a day before the Union Budget 2024. According to the survey, India's economy is on a strong wicket and stable footing and is expected to grow 6.5-7 percent in 2024-25.Top...
Major tax changes explained, BFSI News, ET BFSI
The Union Budget 2024-25, presented by Finance Minister Nirmala Sitharaman, introduces significant tax changes aimed at providing relief to taxpayers and simplifying the tax structure. While measures like increased standard deductions and pension benefits offer...
BitMEX to List POPCATUSDT Perpetual Swap with Up to 10x Leverage
Rongchai Wang Jul 23, 2024 11:22 BitMEX announces the listing of POPCATUSDT perpetual swap with up to 10x leverage, starting 24 July 2024. BitMEX is set to introduce a new perpetual swap listing for POPCATUSDT,...
USD/JPY: Bears Retest Key Near-Term Support
USDJPY fell 0.7% in Asia on Tuesday after comments from Japanese official added pressure on the central bank for more rate hikes to further boost strengthening yen. The latest comments further improved yen’s sentiment, though most analysts expect BoJ to keep rates...
Palestinian rivals Hamas and Fatah sign reconciliation agreement in China
(L-R) Mahmoud al-Aloul, Vice Chairman of the Central Committee of Palestinian organisation and political party Fatah, China's Foreign Minister Wang Yi, and Mussa Abu Marzuk, senior member of the Palestinian Islamist movement Hamas, attend an event at the Diaoyutai...
Coca-Cola (KO) Q2 2024 earnings
Coca-Cola beverages are offered for sale in Chicago on April 30, 2024.Scott Olson | Getty ImagesCoca-Cola on Tuesday raised its full-year outlook as global demand for its drinks rose in the second quarter.Shares of the company rose more than 1% in premarket...
Sensex falls over 300 pts as RIL & bank stocks tumble, Nifty below 24,400, ET BFSI
A day ahead of the union budget, Indian benchmark equity indices traded lower on Monday, dragged down by index heavyweights Reliance Industries and banking stocks.The BSE Sensex was trading 355 points, or 0.44%, lower at 80,247. The Nifty50 was down 148 points, or...
Golem Network Unveils Golem-Workers API for Enhanced Computational Flexibility
Lawrence Jengar Jul 22, 2024 13:59 Golem Network introduces Golem-Workers API, offering high-level access to GPU and CPU resources, catering to diverse computational needs beyond AI model deployment. Golem...
Financial Inclusion strategy shifts from ‘every household’ to ‘every adult’, ET BFSI
">One rough estimate is that it would have taken 47 years to achieve 80 per cent of adults with a bank account had India solely relied on traditional growth processes," said the Economic SurveyAccording to the Economic Survey 2024, the percentage of adults with a...
Outcome of Expected Contest Between Trump and Harris Too Early To Call
Markets US President Biden stepping out of the presidential election race dominated press/market headlines yesterday. Still, the direct impact on global trading was modest after all. For now, the outcome of an expected contest between Donald Trump and Kamala Harris is...
Angel tax abolition to supercharge startup ecosystem, will attract both domestic and foreign investments, says VCs, ET BFSI
Union Finance Minister Nirmala Sitharaman in her Budget speech on Tuesday announced that angel tax will be abolished for all investors. Top investors in India welcome this move and believe that this will spur investments both domestic and foreign investments and also...
Comcast (CMCSA) earnings Q2 2024
A Comcast service van in Miami.Getty ImagesComcast reports second-quarter earnings before the bell on Tuesday, and Wall Street will be paying close attention to subscriber growth — for both the broadband and streaming businesses.Here is how Comcast is expected to...
EU officials excited about Kamala Harris
US Vice President Kamala Harris seen attending the 2024 Munich Security Conference on February 16, 2024 in Munich, Germany.Johannes Simon | Getty ImagesThere's a renewed sense of excitement among European officials as U.S. Vice President Kamala Harris becomes the...
PAT may rise 16% YoY; NII should see strong growth, ET BFSI
Leading NBFC Bajaj Finance is expected to post healthy growth in its core earnings for the first quarter ended June 2024.Net interest income for the reporting June quarter is likely to grow 26% year-on-year, according to an average estimate of four brokerages. Profit...
EURJPY Extends Pullback from 32-year High
EURJPY jumped to its highest since January 1992 on July 11 But is trending lower since then due to Japanese intervention Oscillators deteriorate significantly, suggesting bearish bias EURJPY has been in an uptrend since the beginning of the year, storming to a fresh...
Agricultural credit saw 1.5X jump in FY24, ET BFSI
The Economic Survey 2023-24, tabled in Parliament by Union Finance Minister Nirmala Sitharaman on Monday, reported significant double-digit growth in credit to agricultural and allied activities during the financial year 2024. Agricultural credit increased nearly 1.5...
AI and Accelerated Computing Propel Energy Efficiency Across Industries
Jessie A Ellis Jul 22, 2024 16:37 AI and accelerated computing are driving energy efficiency in various sectors, reducing consumption and carbon emissions significantly, according to a report by Lisbon Council Research. ...
Govt to prepare vision & strategy documents for financial sector, ET BFSI
Union Finance Minister Nirmala Sitharaman during her Budget speech at the Lok Sabha on Tuesday said that the union government will prepare a vision and strategy document for the financial sector.She said that this will prepare the sector in terms of size, capacity and...
GBPUSD Holds Well Below the 1-year High
GBPUSD eases but remains above uptrend line Stochastics and RSI suggest more losses GBPUSD is retreating after a strong rally towards the one-year high of 1.3045. The technical oscillators also confirm the bearish retracement. The stochastic is diving into oversold...
Polls, heatwave hit loan collections in Q1, asset quality declines, ET BFSI
Indian lenders are seeing an asset quality decline spawned by a protracted heatwave that crimped the ability of on-the-ground representatives to speed up collections. Polls through the summer also affected asset quality at mainstream lenders.HDFC Bank and Kotak...
Warren sounds alarm on T-Mobile, U.S. Cellular deal with Justice Department, FCC
Sen. Elizabeth Warren, D-Mass., speaks during the Senate Armed Services Committee hearing on security in Afghanistan and in the regions of South and Central Asia, in the Dirksen Building in Washington, D.C., on Oct. 26, 2021.Tom Williams | CQ-Roll Call, Inc. | Getty...
Google cancels plans to kill off cookies for advertisers
\Trade fair visitors walk past a Google logo at the Google stand at Hannover Messe 2024. Julian Stratenschulte | Picture Alliance | Getty ImagesAfter years of delay, Google says it will no longer cancel and replace third-party cookies — a practice long used by...
Finalto enhances Tier-1 pricing distribution with Centroid Bridge partnership
Leading institutional trading and liquidity services firm Finalto has announced the deepening of its partnership with Centroid Solutions, a leading provider of advanced trading, technology, and infrastructure solutions. With the next step in its ongoing partnership...
Best Buy unveils plans to grow sales, cash in on AI
Microsoft PCs on display at a Best Buy store in Secaucus, N.J. Melissa Repko | CNBCBest Buy on Tuesday announced new plans to try to reverse a two-year sales slump and cash in on a much-awaited replacement cycle of pandemic-era purchases and a fresh wave of...
China’s central bank cuts interest rates to revive property sector, ET BFSI
Representative ImageBANGKOK: China's central bank cut key interest rates in a surprise move Monday aimed at injecting new life into its ailing property sector, while the ruling Communist Party released details of a top-level meeting focused on strategies for revving...
SEC Officially Approved Spot Ethereum ETFs
The US Securities and Exchange Commission or SEC made a groundbreaking announcement on July 22, 2024 to approve Ethereum ETFs. Crypto enthusiasts would be quick to spot that the Ethereum ETF approval was announced in May 2024. It is important to note that the firms...
ECB’s de Guindos: Sep economic projections key for policy reassessment
In an interview with Spanish news agency Europa Press, ECB Vice President Luis de Guindos emphasized the significance of new macroeconomic projections in September, together with another two months of data on inflation and underlying inflation. These projections and...
Govt to prepare vision & strategy documents for financial sector, ET BFSI
Union Finance Minister Nirmala Sitharaman during her Budget speech at the Lok Sabha on Tuesday said that the union government will prepare a vision and strategy document for the financial sector.She said that this will prepare the sector in terms of size, capacity and...
Nirmala Sitharaman highlights 9 priorities for ‘Viksit Bharat’, ET BFSI
Union Finance Minister Nirmala Sitharaman while delivering the Union Budget 2024 speech presented a detailed roadmap to pursue nine priorities for generating opportunities for India.These nine priorities are: Productivity and Resilience in AgricultureInclusive Human...
Tesla quarterly report coming Tuesday. Investors want robotaxi update
Elon Musk speaking during the Tesla Annual Shareholder's meeting in Austin, Texas on June 13th, 2024.Source: Tesla Inc.Tesla will report second-quarter earnings after the bell on Tuesday. The company's vehicle deliveries report on July 2 was better than analysts...
Exploring the Architecture of Sui Bridge: A Trust-Minimized Solution
Peter Zhang Jul 23, 2024 04:16 Sui Bridge offers a secure, trust-minimized approach to asset transfer between Sui and other blockchain networks, enhancing interoperability and adoption. Over recent months,...
Capital gains exemption limit hiked, long term cap gains tax increased to 12.5% from 10%, ET BFSI
Finance Minister Nirmala Sitharaman has announced changes in capital gains taxes during her 7th consecutive Budget presentation at Lok Sabha on Tuesday.Investors will have to allocate a greater chunk for taxes with the government increasing both short and long term...
U.S., Japan to hold high-level security talks on nuclear deterrence
Foreign and defense ministers from Japan and the United States will hold security talks on July 28 that for the first time will cover "extended deterrence", a term used to describe the U.S. commitment to use its nuclear forces to deter attacks on allies.Wong Yu Liang...
RBI Deputy Governor Rao, ET BFSI
Third-party dependence by banks and other regulated entities can create situations of dependence on single vendors for critical services, thus increasing risks, said Reserve Bank of India deputy governor M Rajeshwar Rao, making the observation days after a global...
Warner Bros. Discovery says it will match Amazon
Warner Bros. Discovery said Monday it has informed the National Basketball Association that it intends to use its matching rights for a package of games earmarked for another company. Warner Bros. Discovery is targeting the deal carved out for Amazon Prime Video,...
Alpha Group reports 16% YoY rise in H1-2024 Revenues to £64M
London based FX risk management and payment services provider Alpha Group International plc (LON:ALPH) has issued a Trading Update for the six-month period ended 30 June 2024, indicating continued growth at the company from last year. Key Highlights at Alpha Group for...
AUDUSD Tumbles Below Key 0.6690 Zone
AUDUSD falls back within a range RSI and MACD support further declines Dip below 0.6575 could carry larger bearish implications Rebound above 0.6690 may invite more bulls. AUDUSD has been trading in a free-fall mode since July 15, while yesterday, the bears cleared...
Republican representatives call on CrowdStrike CEO George Kurtz to testify
Passengers seen waiting after a major disruption in Microsoft Corp.'s cloud services caused widespread flight cancellations and delays at T3 IGI Airport in New Delhi, India, on July 19, 2024.Vipin Kumar | Hindustan Times | Getty ImagesRepublican representatives on...
Binance to List BTCUSDT and ETHUSDT Options with November 2024 Expiry
Peter Zhang Jul 23, 2024 04:42 Binance announces the early listing of BTCUSDT and ETHUSDT options with a November 2024 expiry date, starting July 24, 2024. Binance, one of the world's leading cryptocurrency...
Piramal Capital & Housing Finance issues initial price guidance for maiden dollar bonds, ET BFSI
Representative ImageMUMBAI: India's Piramal Capital and Housing Finance has provided an initial price guidance of 8.25% for its debut issue of sustainability dollar bonds through which it plans to raise up to $500 million, two bankers said on Monday.The non-bank...
China rate cut sends rupee to record intraday low, BFSI News, ET BFSI
The rupee on Monday touched a record low intraday level versus the US dollar as a weaker Chinese yuan dragged Asian units lower, with likely interventions by the Reserve Bank of India reining in weakness in the local currency, whose valuation has become pricier,...
IBC to get a tech platform for streamlined insolvency, ET BFSI
Union Budget 2024 Updates: The Finance Minister announced a significant reform aimed at enhancing the transparency and efficiency of the Insolvency and Bankruptcy Code (IBC). An integrated tech platform will be established to improve outcomes under the IBC, aiming for...
When and where to watch Finance Minister Nirmala Sitharaman’s speech and get real-time updates, ET BFSI
Nirmala Sitharaman, Union Finance Minister, is set to unveil the Union Budget for the fiscal year 2024-2025 on Tuesday, July 23, in the Lok Sabha hall of Parliament in New Delhi. This marks her seventh consecutive budget speech since 2019 and her second for this year,...
US SEC approves first spot ether ETFs to start trading Tuesday (July 23, 2024)
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
FX option expiries for 23 July 10am New York cut
There aren't any major expiries to take note of for the day. As such, trading sentiment might be more muted in the European session as we await US markets to open again later. In that lieu, even then equities and the broader risk mood might be more cautious today...
Google-Wiz deal fizzles out, company will pursue IPO
Sundar Pichai, CEO of Alphabet Inc., during Stanford's 2024 Business, Government, and Society forum in Stanford, California, April 3, 2024.Justin Sullivan | Getty ImagesWiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the...
General Motors (GM) earnings Q2 2024
A GMC pickup truck is displayed for sale on a lot at a General Motors dealership in Austin, Texas, on Jan. 5, 2023.Brandon Bell | Getty ImagesDETROIT — General Motors is set to report second-quarter results before the bell Tuesday.Wall Street expects GM to be the...
Kamala Harris debuts presidential campaign
U.S. futures ease as focus shifts to key earningsS&P 500 futures eased 0.14% at 08:52 a.m. London time in the Tuesday premarket session, as investors shifted focus toward anticipated earning reports, including giants like General Motors, Coca-Cola, Alphabet and...
Yen Advances Despite BoJ Uncertainty, Aussie and Kiwi Struggles Continue
Yen is trading broadly higher in otherwise sluggish Asian session today. The central focus remains on whether BoJ will implement another interest rate hike at its upcoming announcement on July 31. Media reports suggest that some BoJ officials are concerned about weak...
VanEck Announces Upcoming Webinar Series on Diverse Investment Topics
Iris Coleman Jul 23, 2024 05:00 VanEck is hosting webinars covering gold, esports, digital assets, emerging markets, and other investment trends. Learn more about their educational sessions. VanEck, a prominent...
Quartet face criminal charges for ASX penny stock Telegram pump-and-dump scheme
Australia financial regulator ASIC has announced that following an ASIC investigation, four people have been criminally charged for their alleged involvement in a coordinated scheme to pump up shares in Australian stock values before dumping them at inflated prices....
News of the Week (July 22—26): USDCNH Review
The USDCNH pair represents the exchange rate between the US dollar and the Chinese yuan. Factors influencing the US dollar include Federal Reserve policies, inflation rates, and the overall health of the US economy. In contrast, the Chinese yuan is affected by China’s...
HDFC Bank CEO expresses concerns over deposits in Q1, BFSI News, ET BFSI
HDFC Bank managing director Sashidhar Jagdishan expressed disappointment over deposits in the quarter to June, a period when volatility in current account flows caught the country's largest private bank off guard."I know that the most important part of our strategy is...
Taiko Reveals Post-Mainnet Optimizations and Future Roadmap
Tony Kim Jul 22, 2024 17:56 Taiko announces significant L1 gas cost reductions and unveils future enhancements post-mainnet launch, including EIP-1559 improvements and transaction preconfirmation. Following its...
EUR/USD Outlook: Correction So Far Limited But Risk of Deeper Pullback Still Exists
EURUSD edges higher in European trading on Monday as bears are taking a breather after a two-day pullback from a multi-week high (1.0948). Rising 10DMA and Fibo 23.6% of 1.0666/1.0948 (1.0881) contained dips for now, signaling a scenario of shallow correction before...
Why India’s march to ‘Viksit Bharat’ will be more difficult than China’s rise, ET BFSI
Economic Survey 2023-24: India, which is currently the world’s fifth largest economy in terms of nominal GDP, is looking to become the third largest in the coming years, and one area that India is looking to benefit is the ‘China Plus One’ strategy. But will India be...
Suryoday Small Finance Bank buys office space in Navi Mumbai for Rs 100 crore, ET BFSI
Representative ImageSuryoday Small Finance Bank has acquired office space in Navi Mumbai’s Nerul from Larsen & Toubro’s real estate development arm L&T Realty for Rs 100 crore.The office space spread over a total 12 units across three wings of one of the...
AUD/USD Mid-Day Report – Action Forex
Daily Pivots: (S1) 0.6672; (P) 0.6693; (R1) 0.6707; More... AUD/USD’s fall from 0.6798 accelerates lower today and intraday bias stays on the downside for 38.2% retracement of 0.6361 to 0.6798 at 0.6631. Strong support could be seen there to bring rebound, and break...
HP and NVIDIA Collaborate on Open-Source Manufacturing Digital Twin
Rongchai Wang Jul 22, 2024 18:14 HP 3D Printing and NVIDIA Modulus team up to enhance manufacturing digital twins using physics-informed machine learning. HP 3D Printing and NVIDIA Modulus have announced a...
Industry leaders expect further reinforcement of vision unveiled in interim budget, ET BFSI
While technology continues to drive India’s socio-economic progress, the key lies in building the nation into the knowledge capital of the world through enhanced R&D and innovation efforts.Ahead of the national election earlier this year, the Union government...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 157.02; (P) 157.38; (R1) 157.78; More… USD/JPY is staying in range above 155.36 temporary low and intraday bias remains neutral. Further decline is expected with 158.85 resistance intact. Below 155.36 will target 38.2% retracement of 140.25 to...
Mcap of 8 of top-10 most valued firms jumps Rs 2.10 lakh cr; TCS, LIC sparkle, ET BFSI
The combined market valuation of eight of the top-10 most valued firms jumped Rs 2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers. Last week, the BSE...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8867; (P) 0.8884; (R1) 0.8908; More… USD/CHF is staying in range above 0.8819 and intraday bias remains neutral. Further decline is in favor as long as 0.8914 support turned resistance holds. Break of 0.8819 will target 61.8% retracement of 0.8332...
India’s transformation from Physical to Digital FDIs declining, ET BFSI
-Suhani PrakashBased on the Economic Survey 2023-24, digital Foreign Direct Investment (FDI) rose from 46.6% of total FDI in FY17 to 69.2% in FY21. Physical FDI mostly consisting of sectors such as automobiles, pharmaceuticals, and construction was approximately three...
Live Poker vs Online Poker: A Comprehensive Comparison
Terrill Dicki Jul 22, 2024 17:15 Explore the nuances between live and online poker, highlighting differences in player interaction, game pace, and overall experience. The advent of the internet in the late 1990s...
CBI plea for custody of ex-Gitanjali Group international head rejected, ET BFSI
MUMBAI: A special court on Saturday rejected the CBI's plea for 14-day custody of Sunil Varma- accused in the Rs 13,000 crore Punjab National Bank-related scam. Varma, the former international head of Gitanjali Group of Companies, appeared in court this week three...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2886; (P) 1.2930; (R1) 1.2958; More… Intraday bias in GBP/USD remains neutral for consolidation below 1.3043. Downside of consolidations should be contained by 1.2859 resistance turned support to bring another rally. Break of 1.3043 will resume...
ElevenLabs Launches AI-Powered Reader App on Android
Darius Baruo Jul 22, 2024 16:04 ElevenLabs introduces its AI-powered Reader App on Android, offering high-quality voice narration for texts. Available now in the US, UK, and Canada. The AI-driven voice...
AI’s impact on Indian job market, BFSI News, ET BFSI
The Indian government has issued a warning regarding the potentially adverse impact of artificial intelligence (AI) on the job market. Highlighting the pervasive nature of this new-age technology, the government emphasized that AI could affect workers across all skill...
NRI deposits see fourfold surge to nearly $3 Billion in early FY25, ET BFSI
In a significant surge, overseas Indians deposited nearly $3 billion into non-resident Indian (NRI) deposit schemes during April and May FY25, marking a fourfold increase from the $623 million deposited in the same period last year, according to data released by the...
Taiko’s 5th Trail Challenge Introduces Drummer Faction Badge
James Ding Jul 22, 2024 15:11 Taiko launches its 5th Trail Challenge, offering participants the Drummer Faction Badge. Join the crypto community and secure your identity on the Taiko network. The Trailblazers:...
This S&P 500 sector is expected to grow profits most rapidly through 2026 — and it’s not tech. Here are 14 related stocks.
Two money managers discuss what lies ahead for a reviving sector.
UK planned to spend 10 billion pounds on Rwanda asylum scheme
Britain in April struck up a £120 million ($148 million) deal with Kigali to send some migrants, who had reached the U.K. illegally by crossing the Channel in small boats from Europe, to live in Rwanda.Gareth Fuller - Pa Images | Pa Images | Getty ImagesBritain's...
Sunset Market Commentary – Action Forex
Markets Biden’s dropout from the presidential race grabbed most of the headlines today, if only because there was basically no other news to report. He and many other Democrats have endorsed the current runner-up Kamala Harris as the new nominee. What that means for...
AMF and Banque de France call for coordinated move to T+1 settlement
French financial regulator The Autorité des Marchés Financiers (AMF) and the Banque de France have issued a call for a well-coordinated and efficient transition to a T+1 settlement cycle for transactions on securities across the EU. This initiative comes at a time...
Early birds report muted profit growth for April-June, BFSI News, ET BFSI
ET Intelligence Group: The early trend in the first-quarter results season showed a sustained double-digit growth in aggregate revenue while a higher year-ago base and subdued performance by Reliance Industries (RIL), the country's largest company by revenue and...
These stocks look ‘cheap’ as ‘capex boom’ outweighs any potential Biden program reversal
Stocks that directly benefit from investment in manufacturing and infrastructure are trading at a discount relative to the S&P 500, according to BofA Global Research.
Focus needs to be on deregulation for MSMEs, broaden market exposure, ET BFSI
For the MSME sector, bridging the credit gap remains a crucial element but the focus also needs to be on deregulation, enhancing physical and digital connectivity, and putting in place an export strategy that enables them to broaden their market exposure and scale up,...
PMIs Could Momentarily Take Focus Away from US Developments
Wednesday’s PMI surveys key for both the Fed and the BoE Eurozone PMI manufacturing survey could disappoint again US PMIs unlikely to unsettle September Fed expectations UK figures could surprise on the upside after the general election Important PMI survey prints...
Bank of Baroda unveils AI-powered virtual assistant and new payment app among 10 new initiatives on Foundation Day, ET BFSI
Mumbai: Bank of Baroda announced the launch of several digital initiatives on the bank's Foundation Day, including a GenAI-powered virtual relationship manager and a new app for payments.In all the bank has launched ten new initiatives. “On the Bank’s 117th Foundation...
Secret Service failed Trump at campaign rally shooting, Cheatle tells House
Embattled Secret Service Director Kimberly Cheatle told a House panel on Monday that "we failed" to maintain the agency's "solemn mission to protect our nation's leaders" during the attempted assassination of former President Donald Trump on July 13."We must learn...
When Trump’s odds of winning the election rise, these S&P 500 sectors decline
How Trump’s chances in the PredictIt betting market affect the U.S. stock market.
CrowdStrike shares tumble as fallout from global tech outage continues
George Kurtz, president CEO and Co-Founder at CrowdStrike speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 21, 2019.Mike Blake | ReutersCrowdStrike shares slipped as much as 13% on Monday morning, as the cybersecurity software company...
Critical RCE Vulnerabilities Discovered in Kafka UI
Peter Zhang Jul 22, 2024 15:37 Researchers identified three critical remote code execution (RCE) vulnerabilities in Kafka UI. Users are advised to upgrade to version 0.7.2 to mitigate risks. Researchers have...
TipRanks partners with DXtrade to offer in-platform Stock Research
DXtrade, a multi-asset trading platform for FX/CFD brokers developed and maintained by Devexperts, has announced that it has partnered with TipRanks, a fintech company that provides data and tools to help investors make informed decisions. DXtrade will integrate...
BoC to Cut Rates Again, What’s Next?
Bank of Canada to slash rates by 25bps for the second time in a row More easing expected, but policymakers might signal a data-dependent approach USDCAD tests key resistance of 1.3740; key support at 1.3620 Investors are confident that the Bank of Canada (BoC) will...
Rupee may test record low; India’s federal budget in spotlight, ET BFSI
The Indian rupee may slip to a record low this week, with traders eyeing cues from the country's federal budget, while the government likely sticking to fiscal discipline could cheer bond traders.The rupee closed at a record closing low of 83.6625 against the U.S....
Aspirations of rising India need to be harnessed but within a democratic framework, ET BFSI
The rising aspirations of Indians need to be harnessed, however, it has to be carried out within a democratic framework, the Economic Survey, tabled by Nirmala Sitharaman on Monday, stated. The survey further noted that India has graduated from being a low-income...
How hyper personalization can radically transform customer journeys, ET BFSI
In today's fast-paced, digital-first world, customer experience (CX) has become a critical differentiator for businesses. In a roundtable hosted by ETBFSI, with Centelon Solutions and Salesforce, a detailed discussion by these thought leaders ensued, which covered the...
Reddit’s stock rises on new partnership with NFL, NBA, MLB, PGA Tour and NASCAR
Reddit clinches deals for video content and player engagement with major U.S. sports organizations.
July Flashlight for the FOMC Blackout Period
Summary Congress has given the Federal Reserve a dual mandate of “maximum employment” and “price stability.” With inflation surging to a 40-year high in 2022, the FOMC largely has focused on its “price stability” mandate in recent years. However, inflation is showing...
McDonald’s to extend $5 value meal in most markets
In an aerial view, a customer walks by a sign as they leave a McDonald's restaurant on April 03, 2023 in San Pablo, California.Justin Sullivan | Getty ImagesMcDonald's will extend its $5 value meal beyond its initial four-week window in most of its U.S. markets, as...
‘I’m not voting’: Why should Donald Trump, Kamala Harris or anyone else make a difference to my finances? I’ll never be able to retire and I’m always broke.
“I am in my 50s and still renting. I cannot afford to buy a house.”
NVIDIA Introduces Instant RM for Rapid and Differentiable Radio Maps
Rongchai Wang Jul 22, 2024 14:33 NVIDIA's Instant RM offers high-performance, differentiable radio maps, significantly accelerating wireless network optimization using advanced ray tracing technologies. Wireless...
Bank credit disbursal hits Rs 164.3 Lakh Crore, GNPA Ratio drops to 12-year low, ET BFSI
The Economic Survey 2024 has highlighted the strong performance and resilience of India's banking sector, showcasing notable improvements in asset quality, capital adequacy, and profitability."Credit growth remains robust, mainly driven by lending to services and...
India should promote Chinese FDI to benefit from western firms’ ‘China plus’ strategy, ET BFSI
The Economic Survey released on Tuesday for the year 2023-24 have forecasted a 6.5 to 7 per cent growth in India and also highlighted the importance of infrastructure boost, rise of stock market etc. It has also added a highlight in the 552 page document on how India...
AUD/USD Outlook: Downtrend Extends into Sixth Consecutive Day
AUDUSD hit three-week low on Monday after recovery attempts overnight were short-lived and bears regained full control. The pair remains in a steep downtrend for the sixth straight day and retraced so far 61.8% of 0.6575/0.6798 rally. Last week’s 1.3% fall left large...
Economic Survey to be presented today, a day before Budget, ET BFSI
Budget 2024: Finance Minister Nirmala Sitharaman who will present Union Budget for record-seventh time is scheduled to table the Economic Survey on July 22, Monday at 2:30 pm."The Economic Survey of India will be laid on the table of the Houses of Parliament on...
Harris campaign says it has raised nearly $50 million since Biden’s exit from White House race
The Kamala Harris campaign has raised $49.6 million in grassroots donations since President Joe Biden exited the White House race on Sunday afternoon and then endorsed her, a spokeswoman for her campaign told MarketWatch early Monday.
Flight cancellations persist after IT outage
The United Airlines terminal on July 19, 2024 as a global technology outage affected LAX airport in Los Angeles. Myung J. Chun | Los Angeles Times | Getty ImagesFlight cancellations and delays continued on Saturday as airlines worked to recover from a global IT outage...
NZD/USD Faces Downward Pressure Amid US Political Developments and RBNZ Rate Speculations :: InvestMacro
By RoboForex Analytical DepartmentThe NZD/USD pair is experiencing a significant downturn, trading around 0.5996. Several factors influence this decline, including global political developments and domestic monetary policy expectations.The recent announcement by US...
Riot Platforms (RIOT) Schedules Q2 2024 Earnings Call for July 31
Jessie A Ellis Jul 22, 2024 12:52 Riot Platforms, Inc. announces its Q2 2024 earnings call, set for July 31, 2024. The call will discuss the company's financial results for the quarter. Riot Platforms, Inc....
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0870; (P) 1.0889; (R1) 1.0903; More…. EUR/USD is staying in range below 1.0947 and intraday bias remains neutral. Further rise is in favor as long as 1.0871 minor support holds. Break of 1.0947 will target 100% projection of 1.0601 to 1.0915 from...
SGB framework rated as ‘medium green’ with good governance score by CICERO, ET BFSI
The ‘Framework for Sovereign Green Bonds’ released in 2022 has enabled the mobilisation of resources from diversified investors for green projects, deepening the bond market. The framework has been rated as ‘Medium Green’ with a ‘Good’ governance score by CICERO, a...
CrowdStrike’s stock falls further as it draws downgrades in wake of incident
Analysts worry that the outages sparked by a CrowdStrike software update will lead to delays of new deals.
Special Olympics Embraces Tech Evolution Led by Athletes
Rebeca Moen Jul 22, 2024 13:27 Special Olympics athletes are spearheading a tech transformation to enhance inclusivity and streamline operations, leveraging tools like Microsoft Dynamics 365. Special Olympics is...
SGB framework rated as ‘medium green’ with good governance score by CICERO, ET BFSI
The ‘Framework for Sovereign Green Bonds’ released in 2022 has enabled the mobilisation of resources from diversified investors for green projects, deepening the bond market. The framework has been rated as ‘Medium Green’ with a ‘Good’ governance score by CICERO, a...
Boeing on path to ‘transformational change,’ commercial jet CEO says
Boeing's Stephanie Pope gives a press conference at the Paris Le Bourget Airport, on June 20, 2023.Geoffroy Van Der Hasselt | AFP | Getty ImagesLONDON — Boeing's output of 737 Max planes is showing signs of improvement, the new head of its commercial unit said ahead...
The People’s Bank of China unexpectedly cut interest rates. Biden quits from the presidential race :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) Index fell by 0.93% (for the week +0.37%), while the S&P 500 (US500) Index lost 0.71% (for the week -2.36%). The NASDAQ Technology Index (US100) closed negative 0.81% (for the week -4.11%). Investors continued to take...
Economic Survey, BFSI News, ET BFSI
New Delhi, The Economic Survey released on Monday states that India's banking and financial sectors have displayed a stellar performance in FY24 in mobilising funds to fuel economic growth with financial inclusion."Double-digit and broad-based growth in bank credit,...
Berkshire Hathaway’s Warren Buffett trims stake in Bank of America after stock’s 2024 rally
Bank of America’s largest shareholder trims stake to under 1 billion shares by selling $1.5 billion worth of the bank’s stock.
Aussie’s Selloff Deepens as Copper Prices Plunge
Australian Dollar continues to lead the decline among commodity currencies today, with the selloff appearing to accelerate. Despite stabilization in risk sentiment in Europe where major indexes are trading positively, and US futures, particularly NASDAQ, pointing to a...
Net profit jumps 147% YoY to Rs 551 crore, ET BFSI
State-owned UCO Bank on Monday reported a 147 per cent year-on-year jump in net profit to Rs 551 crore in the April-June quarter. The lender's bottomline in the corresponding period a year ago stood at Rs 223 crore. Operating profit in the reporting quarter was Rs...
Delta cancels more flights, struggles to recover from Microsoft outage
Travelers wait in line at a Delta Airlines counter at Ronald Reagan National Airport in Arlington, Virginia, on July 19, 2024. Airlines around the world experienced disruption on an unprecedented scale after a widespread global computer outage grounded planes and...
This ad-technology company could benefit from Biden dropping out
Oppenheimer analyst Jason Helfstein believes Trade Desk should ‘disproportionately benefit’ from Biden dropping out of the race for the White House.
Households not in distress, investing more in financial assets: CEA Nageswaran, ET BFSI
New Delhi: Chief Economic Advisor V Anantha Nageswaran on Monday said that households are investing more in financial assets and their market value are not captured in the national income data. The Economic Survey 2023-24, tabled in Parliament, said that registered...
EURCHF Hovers Around 38.2% Fibo
EURCHF spikes lower following rejection at 23.6% Fibo Price trades sideways after break below 50-day SMA Momentum indicators are neutral-to-negative EURCHF has been staging a solid recovery since mid-June, advancing to its highest level in more than a month last...
Bullish Signals Propel Bitcoin (BTC) to 39-Day High Amid Market Resilience
Iris Coleman Jul 22, 2024 12:22 Bitcoin (BTC) hits a 39-day high of $68,560 amid strong bullish signals, ETF inflows, and market resilience, according to Bitfinex Alpha. Bitcoin (BTC) has shown remarkable...
Republicans call on Biden to resign
Republican lawmakers are calling on President Joe Biden to resign after he announced Sunday that he will no longer seek reelection."If Joe Biden is not fit to run for President, he is not fit to serve as President," Speaker of the House Mike Johnson said in a post on...
BFSI ranks third in top startup sectors in FY23; significant jump in GCCs, ET BFSI
The Economic Survey 2024 tabled today highlighted that BFSI came third in terms of the top sectors for startups in India, with digital payments and UPI contributing to this growth. The top sectors for start-ups in 2023 were EdTech (16 per cent), EnterpriseTech (12 per...
Is Google’s biggest competition itself? Watch Alphabet’s earnings for signs.
Alphabet reports earnings after Tuesday’s closing bell, and Wall Street will be listening for information about the early rollout of AI Overviews in search.
SAFE market makes comeback as some Indians dodge rules to bet on foreign startups, ET BFSI
Lured by hopes of multi-bagger returns, many moneyed Indians are treading a regulatory twilight zone to bet on foreign startups.They are investing in 'SAFEs', which are hybrid notes standing for 'simple agreement for future equity', sold by overseas firms trying to...
GM, Ford, Stellantis second-quarter earnings: What analysts expect
General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022.Source: NYSEDETROIT — Wall Street expects General Motors to be the standout among the traditional Detroit automakers when they report second-quarter results this week, with sales and...
Bundesbank urges prudence: further rate reductions must be judiciously evaluated
Bundesbank’s latest monthly report indicates that while some factors are bolstering the economy, they are simultaneously complicating efforts to bring inflation down to target. “The labor markets are still operating at high capacity, wage growth is brisk, and prices...
SquaredFinancial hires ADSS alum Francis Lee as Head of Asia
Cyprus based Retail FX and CFDs broker SquaredFinancial has announced that it has hired Hong Kong based executive Francis Lee as the company’s new Head of Asia, to accelerate regional growth. The company said that this strategic move is part of its expansion plan to...
Economic Survey 2024 cautions on heightened stock market activities & retail investor participation, ET BFSI
The financialisation of economies has not ended well, even for advanced economies. The global financial crisis of 2008 is an obvious example. Developing countries face debilitating crises when financial market ‘innovations’ and growth run ahead of economic growth....
Nvidia, Super Micro, Broadcom — and 22 other stocks most likely to crash
It’s a bad sign when investors believe the probability of a crash is particularly low — like now.
Kamala Harris needs to turn her political fortunes around in quicktime
Vice President Kamala Harris speaks during a political event at the Air Zoo Aerospace & Science Experience in Portage, Michigan, on July 17, 2024.Jeff Kowalsky | AFP | Getty ImagesThe pressure is on Vice President Kamala Harris to turn around her political...
BNB Chain to Participate in Blockchain Rio 2024, Showcasing Web3 Innovations
Caroline Bishop Jul 22, 2024 11:23 BNB Chain will attend Blockchain Rio 2024, Latin America's premier blockchain event, featuring industry leaders and immersive experiences. BNB Chain is set to be a prominent...
Korean Air orders at least 40 Boeing wide-body planes
A Boeing 777X airplane takes off during its first test flight from the company's plant in Everett, Washington, January 25, 2020.Terray Sylvester | ReutersFARNBOROUGH, England — Boeing won orders for at least 40 wide-body jetliners from Korean Air, including the...
Australian Dollar Falls to 3-Week Low
The Australian dollar is coming off a rough week with losses of 1.45% and the downtrend has continued on Monday. AUD/USD is trading at 0.6664 in the European session, down 0.30% on the day at the time of writing. The Aussie climbed 1.9% in the first two weeks of July...
Net profit rises 40% YoY to Rs 1,719 crore, NII drops 19%, ET BFSI
IDBI Bank on Monday reported 40% year-on-year (YoY) growth in its standalone net profit at Rs 1,719 crore for the first quarter ended June 2024. The same stood at Rs 1,224 crore in the last year quarter.Net interest income (NII) for the reporting quarter declined 19%...
India’s retail inflation lower than EMDEs and world average, ET BFSI
Despite global economic disruptions and domestic pressures, India’s retail inflation was contained at 5.4% in FY24, marking the lowest rate since the pandemic, says the Economic Survey 2024.India’s standing globallyThe COVID-19 pandemic initially caused supply chain...
Verizon’s earnings show a return to growth on key wireless-subscriber metric
Verizon returned to growth on a key subscriber metric in its wireless-phone business, though its stock headed lower in premarket action Monday.
XTX Markets’ Alex Gerko loses quant trader payouts tax case at former firm GSA Capital
Business site Bloomberg.com is reporting that Alex Gerko, founder of algo trading and market making firm XTX Markets, has lost a court case in the UK versus HM Revenue & Customs regarding the taxation of deferred payouts at his former high frequency and quant...
BFSI ranks third in top startup sectors in FY23; significant jump in GCCs, ET BFSI
The Economic Survey 2024 tabled today highlighted that BFSI came third in terms of the top sectors for startups in India, with digital payments and UPI contributing to this growth. The top sectors for start-ups in 2023 were EdTech (16 per cent), EnterpriseTech (12 per...
Crypto Rests After Another Rise
Market picture The cryptocurrency market is near 6-week highs, with capitalisation near $2.44 trillion, adding 0.5% in the last 24 hours. A wait-and-see attitude and some profit-taking replaced active buying in the last three days starting Friday. Judging by the...
Tesla needs to show off its AI skills the way Nvidia already has
Nvidia seems a better value than Tesla now, but both stocks have compelling upside potential.
Pelosi spoke to Biden the day before he dropped out of 2024 election
U.S. President Joe Biden presents the Presidential Medal of Freedom to U.S. Representative and former House Speaker Nancy Pelosi (D-CA) during a ceremony at the White House in Washington, U.S., May 3, 2024. Evelyn Hockstein | ReutersFormer House Speaker Nancy Pelosi,...
Economic Survey 2024 cautions on heightened stock market activities & retail investor participation, ET BFSI
The financialisation of economies has not ended well, even for advanced economies. The global financial crisis of 2008 is an obvious example. Developing countries face debilitating crises when financial market ‘innovations’ and growth run ahead of economic growth....
Three Sentenced in Landmark Market Manipulation Case
Tony Kim Jul 22, 2024 10:20 Three individuals have been sentenced to prison terms ranging from 52 to 80 months in a landmark market manipulation case, according to the SFC. In a pivotal ruling, three individuals...
Animoca Brands’ Mocaverse Partners with TON Foundation for Token Swap and User Engagement
Terrill Dicki Jul 22, 2024 10:57 Animoca Brands' Mocaverse enters a strategic partnership with TON Foundation, involving MOCA Coin and Toncoin token swap to enhance user engagement and ecosystem growth. Animoca...
Compensation gap between CEO & median employee widens in India Inc from pre-pandemic years, finds ET study, ET BFSI
The gap between the chief executive officer and median employee compensation in India Inc. has widened from the pre-pandemic years, as per an ET study of 35 listed companies who are amongst the top ones in their respective sectors or by market cap.The ratio of...
Oil prices tick lower after finishing Friday at 5-week low
Oil futures edged lower early Monday, struggling to recover from a selloff last week that saw crude fall to five-week lows on concerns about the outlook for demand from China.
ECB’s Kazimir: Two more rate cuts this year not guaranteed
In an op-ed published today, ECB Governing Council member Peter Kazimir addressed market expectations for two additional rate cuts before the end of the year. He stated that while these market bets are “not entirely misplaced,” they should not be considered a “given...
Economic Survey 2024 exposes corporate quandary, ET BFSI
India's corporate sector has posted remarkable financial gains, yet employee recruitment and salary growth have lagged significantly, according to the Economic Survey for 2023-24. Highlighting that job creation predominantly occurs in the private sector, the...
Here are Kamala Harris’ next steps after securing Biden’s endorsement
Vice President Kamala Harris on Sunday received President Joe Biden's endorsement to replace him at the top of the Democratic ticket in the race against Donald Trump."I am honored to have the President's endorsement and my intention is to earn and win this...
Capital position of NBFCs remain healthy, GNPA ratio at 2.5%, says Report, ET BFSI
NBFCs have demonstrated strong financial health, similar to the banking sector. As of the end of March 2024, the gross non-performing assets (GNPAs) of both scheduled commercial banks (SCBs) and NBFCs were below 3 per cent of total advances. Provisional data shows...
‘We let our lawyers duke it out’: My $300K brokerage account was accidentally omitted from my divorce. Should I say something?
“There was no mention of this brokerage account that was in my name even during our divorce though it was opened during our marriage.”
USD/JPY: Another Potential Relief Rally Leg Looms for JPY
A potential uptick in Japan’s core-core CPI led by PPI may increase the odds of a BoJ’s interest rate hike in September. Republican presidential nominee Donald Trump’s betting odds have slipped after US President Biden decided to bow out of the US Presidential...
Digital Asset Fund Inflows Reach $1.35 Billion Amid Positive Market Sentiment
Caroline Bishop Jul 22, 2024 09:47 Digital asset investment products saw inflows of $1.35 billion last week, with Bitcoin leading the charge, according to CoinShares. Digital asset investment products...
Employee Motivation Ideas That Work » Succeed As Your Own Boss
Are you frustrated by the high turnover rate at your company? Do you find yourself constantly hiring and training new employees, only to see them leave after a few months or a year? If so, it’s time to take a closer look at your management practices. Creating a...
Striking a balance key challenge for Sitharaman, BFSI News, ET BFSI
NEW DELHI: Finance minister Nirmala Sitharaman's seventh Budget will do a tight rope walk as she looks to strike a balance between the need to spend more on social sector schemes amid calls from allies for additional assistance to states, while seeking to address...
Ukraine said it’s reached deal to restructure debt
War-ravaged Ukraine said it’s reached a deal with creditors to restructure its debt.
Female labour force participation spikes in last six years, ET BFSI
Economic Survey 2024: Female labour force participation spikes in last six yearsThe Economic Survey 2024 on Monday said the female labour force participation has been rising over the last six years, and the unemployment rate is on the decline."The female labour force...
India third largest fintech economy, a cornerstone to help achieve financial inclusion, ET BFSI
India is emerging as a fintech nation and becoming the third-largest growing fintech economy in the world. India's robust DPI has played a pivotal role in enabling the country's digital transformation, providing citizen-centric and transparent governance services....
Aussie Leads Decline in Commodity Currencies; Risk Aversion Dominates Following China’s Rate Cut
Australian Dollar leads other commodity currencies lower in Asian session today, reflecting a broader risk-off sentiment in the markets. The market’s risk-off sentiment is further emphasized by the strength of Yen and Swiss Franc, currencies typically favored during...
Changing customer behaviour forces India’s banks to recalibrate strategies, ET BFSI
As a time when persistent inflation is eating into people's bank savings but banks are resisting a raise in interest rates on savings deposits, savers are turning themselves into investors, pushing banks to rethink their strategies, ToI reported on July 22. According...
How to Use DALL-E To Generate AI Images?
Artificial intelligence has been instrumental in transforming the way we work, create stories and paint artwork. The DALL-E AI image generator is the best example of tools that can help you generate artwork with unparalleled excellence. You might wonder how artificial...
Kamala Harris sees surge in big money support after Biden drops out
Vice President Kamala Harris is already seeing a wave of big money donor support following President Joe Biden dropping out of the race, with the help of bundlers who have assisted her in past races, according to people familiar with the matter.Moments after Biden...
Vivendi says it may list Canal+ in London
The French conglomerate said it has now completed a study showing the feasibility of listing its Canal+ subsidiary on the London Stock Exchange in what would be a major win for the troubled market
ATFX Executive Talks: Hormoz Faryar, Managing Director of Institutional Sales, ATFX MENA
In October 2023, Hormoz Faryar joined ATFX as the Managing Director of Institutional Sales in MENA. With over 23 years of invaluable experience in FX trading and sales, Hormoz brings a wealth of knowledge and expertise to his new role. Today, Hormoz will share...
RBI steps up measures to drain out excess liquidity, BFSI News, ET BFSI
The Reserve Bank of India (RBI) has sought to prevent potentially inflation-stoking banking system liquidity enhancement through deft currency and bond market interventions, with foreign inflows into local sovereign debt quickening after the country's inclusion in a...
PM Narendra Modi at the start of Parliament’s Budget session, ET BFSI
Budget 2024 expectations: Prime Minister Narendra Modi today said the Union Budget 2024 to be presented in Parliament tomorrow will further the goal of a ‘Viksit Bharat’ by 2047. At the start of the Parliament’s Budget session, PM Modi addressed the media and said...
Jennifer Lopez and Ben Affleck have listed their marital mega-mansion: The price: $68 million
Following a rekindled romance and wedding, the couple are selling the sprawling compound that they just bought last year.
HKMA Issues Alert on Fraudulent Websites Linked to Bank Julius Baer
Tony Kim Jul 22, 2024 08:55 The Hong Kong Monetary Authority (HKMA) warns the public about fraudulent websites related to Bank Julius Baer & Co. Ltd., urging caution and immediate action if affected. The...
Budget 2024, Q1 earnings action among 11 factors to impact D-Street mood this week, ET BFSI
Nifty ended with 0.9% gains in a week helped by gains in IT even as metals and consumer durables pulled the markets back. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-truncated week are likely to...
Biden drops out of U.S. presidential race, global leaders react
US President Joe Biden speaks during an economic summit at the College of Southern Nevada in Las Vegas, Nevada, on July 16, 2024. Kent Nishimura | Afp | Getty ImagesU.S. President Joe Biden on Sunday dropped his reelection bid and and backed Vice President Kamala...
Fundraising via bonds halves in June as issuers wait for Budget, govt cues, ET BFSI
Private placements of corporate bonds saw a modest decline in June, reflecting a period of cautious fundraising amid moderating credit growth and uncertainty surrounding new government policies. Corporations and financial institutions raised Rs 66,300 crore through...
DG Institute and Dominique Grubisa hit with $20M+ court order for misleading wealth seminar students
The Australia Federal Court has ordered Master Wealth Control Pty Ltd, operating as DG Institute, to pay AUD $5 million in pecuniary penalties for making false or misleading representations to consumers in the promotion and sale of two education programs called Real...
Gold Declines Sharply from All-time High
Gold jumped to its highest level ever on July 17 But reversed lower due to reaching overbought conditions Despite latest weakness, oscillators remain positively tilted Gold had been in a steady uptrend since late May, which led to a fresh all-time high of 2,483 last...
Ryanair expects slump in air fares over key summer months
Shares in Ryanair fell 12% on Monday as the low-cost airline said lower air fares and higher costs had led to a 46% drop in its first quarter profits
Piramal Capital gives initial price guidance for maiden dollar bonds, bankers say, ET BFSI
MUMBAI, - India's Piramal Capital and Housing Finance has provided an initial price guidance of 8.25% for its debut issue of sustainability dollar bonds through which it plans to raise up to $500 million, two bankers said on Monday.The non-bank lender is looking to...
Indian economy likely to grow at 6.5-7% in FY25, ET BFSI
The Economic Survey 2023-24 tabled by Finance Minister Nirmala Sitharaman in Parliament on Monday said the Indian economy is on a strong wicket and stable footing, demonstrating resilience in the face of geopolitical challenges."High economic growth in FY24 came on...
Govt to remain on path of deficit and debt consolidation, says Radhika Rao, ET BFSI
As the government authorities prepare their first Budget of the new term, they seek to remain on the path of deficit and debt consolidation while invigorating the economy to return to its pre-pandemic path, revealed Senior Economist Radhika Rao in a latest report by...
Govt to remain on path of deficit and debt consolidation, says Radhika Rao, ET BFSI
As the government authorities prepare their first Budget of the new term, they seek to remain on the path of deficit and debt consolidation while invigorating the economy to return to its pre-pandemic path, revealed Senior Economist Radhika Rao in a latest report by...
FX option expiries for 22 July 10am New York cut
There are a couple of large ones in the likes of EUR/USD, USD/JPY, and USD/CAD. However, they are all unlikely to feature as they are quite a distance away from the spot price currently. As such, the expiries should have no impact on price action with the focus to...
Delta cancellations extend into a fourth day
Delta Air Lines is still struggling to overcome the disruptions caused by CrowdStrike’s errant software update, cancelling 11% of its flights on Monday.
AI that can talk with other AI will launch in 2025, Capgemini predicts
Photo Of Robot Examining Invoice With Magnifying Glass.Andreypopov | Istock | Getty ImagesArtificial intelligence-powered agents will be able to work together and solve tasks in a so-called "multi-agent AI" system by 2025, according to technology services giant...
Kamala Harris presidential campaign as Biden drops out
Trump rains criticism after Biden's decision to withdraw from presidential raceRepublican presidential nominee, former U.S. President Donald Trump pauses while speaking after officially accepting the Republican presidential nomination on stage on the fourth day of the...
US Will Reveal Its Latest GDP Update
Joe Biden threw in the towel and announced that he quits the presidential race this weekend. He endorsed Vice President Kamara Harris to take his place. Harris said that she will do anything in her power to beat Trump, she got the support from Bill and Hillary Clinton...
Athena Intelligence Leverages LangSmith for Streamlined Enterprise Reports
Darius Baruo Jul 22, 2024 06:55 Discover how Athena Intelligence uses LangSmith's features to enhance enterprise analytics and generate high-quality reports efficiently. Athena Intelligence, an AI-powered...
Beeks Financial reports 27% YoY growth in Revenues, EBITDA for FY2024
Scotland based cloud computing and financial markets connectivity provider Beeks Financial Cloud Group plc (LON:AIM) has issued a Trading Update for its fiscal year ended 30 June 2024 (FY24). FY24 results are expected to be in line with consensus expectations, with...
Cronos (CRO) Announces $30,000 zkCRO Giveaway Ahead of Mainnet Launch
Alvin Lang Jul 22, 2024 07:36 Cronos (CRO) is hosting a $30,000 zkCRO giveaway event for early supporters who stake CRO or LCRO tokens on the zkEVM bridge. Cronos (CRO) has unveiled an enticing giveaway event,...
Read President Joe Biden’s letter announcing his decision to drop out of the 2024 race
U.S. President Joe Biden looks on at the 115th NAACP National Convention in Las Vegas, Nevada, U.S., July 16, 2024. Tom Brenner | ReutersPresident Joe Biden on Sunday announced he will not be seeking reelection in the 2024 presidential race and endorsed Vice...
Here’s how a President Kamala Harris could act on key economic issues
Investors should expect a potential Kamala Harris administration to defend the economic policies that Biden instituted during his term, experts say.
Here’s the bad news for tech investors wondering if AI spending is paying off
Tech earnings still won’t answer the question of whether AI spending is paying off beyond Nvidia and a few chip and hardware makers.
Joe Biden leaves the race – markets prepare for wild Monday
Financial markets are preparing for what will likely be a wild Monday, after US President Joe Biden made a (somewhat surprising) announcement in the early afternoon hours on Sunday US east coast time, that he would not seek reelection in the upcoming US election in...
Biden drops out of 2024 presidential election against Trump
U.S. President Joe Biden attends a NATO event to commemorate the 75th anniversary of the alliance, in Washington, U.S., July 9, 2024.Yves Herman | ReutersPresident Joe Biden on Sunday dropped out of the 2024 presidential race and endorsed Vice President Kamala Harris...
Stocks wobble after rotation from Big Tech leaves broadened rally in question
U.S. stocks are wobbling, as volatility rises in the bull market.
RCO Finance Looks Ready to Skyrocket, Says Dogecoin Analyst as WIF and PEPE Stall
RCO Finance is increasingly becoming one of the most sought-after crypto projects. It draws significant interest from investors as the renowned Dogecoin analyst backs it for a massive rally. Interestingly, top altcoins like WIF and PEPE are losing investors to RCOF as...
Sustainable Innovations: How Eco-Friendly Packaging is Transforming Sydney’s Retail Landscape
Sustainable Innovations: How Eco-Friendly Packaging is Transforming Sydney's Retail Landscape - Small Business Bonfire Home » Retail » Sustainable Innovations: How Eco-Friendly Packaging is Transforming...
Secret Service says it denied some Trump requests for extra security
Former US President Donald Trump exits after attending the Republican National Convention (RNC) at the Fiserv Forum in Milwaukee, Wisconsin, US, on Monday, July 15, 2024. Al Drago | Bloomberg | Getty ImagesThe Secret Service denied some of former President Donald...
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF reversed after edging higher to 0.9772 but recovered after breaching 38.2% retracement of 0.9476 to 0.9772 at 0.9659. Initial bias is turned neutral this week first. Strong bounce from current level will maintain near term bullishness. Break of 0.9972 will...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD’s rebound from 1.5996 extended higher last week and broke through 55 D EMA (now at 1.6216). The development is taken as the first sign that whole correction from 1.0762 has completed with three waves down to 1.6000 fibonacci support. Further rise is expected...
Two Magnificent Seven companies report this week. Only one will likely be among the biggest profit drivers.
Second-quarter earnings reporting season is heating up, with much of the action likely hitting markets on Tuesday, when both electric-vehicle maker Tesla Inc. and Google parent Alphabet Inc. — two Magnificent Seven companies whose stocks are headed in opposite...
DeepBook Enhances DeFi Protocols with Superior Liquidity and Speed
Felix Pinkston Jul 18, 2024 05:32 DeepBook's deep liquidity, quick execution, and ease of integration give Sui DeFi protocols a competitive edge. DeFi protocols are increasingly highlighting the advantages of...
Sen. Joe Manchin calls on Biden to drop out of presidential race
Sen. Joe Manchin, D-W.Va., is seen in the U.S. Capitol on Wednesday, September 6, 2023.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesIndependent Sen. Joe Manchin on Sunday called on President Joe Biden to exit the race against former President Donald Trump."I came...
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP recovered after edging lower to 0.8382 last week. With break of 55 4H EMA (now at 0.8421), initial bias is mildly on the upside for stronger rebound to 55 D EMA (now at 0.8477). Nevertheless, outlook will stay bearish as long as 0.8498 resistance holds, and...
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY’s fall from 175.41 short term top extended lower last week but recovered after hitting 169.98. Initial bias remains neutral this week first, and further fall is in favor as long as 172.91 resistance holds. Below 169.98 will target 38.2% retracement of 153.15...
NVIDIA Fully Adopts Open-Source GPU Kernel Modules in Upcoming R560 Driver Release
Lawrence Jengar Jul 18, 2024 05:52 NVIDIA transitions to open-source GPU kernel modules with the R560 driver release, enhancing performance and support for modern GPUs. NVIDIA has announced a significant shift...
Lineage is going public: 5 things to know about the cold-storage warehouse REIT
Lineage IPO is expected to be the biggest of 2024 by a wide margin
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY’s pullback from 208.09 extended lower last week but recovered after hitting 202.08. Initial bias remains neutral this week first. Further fall is in favor as long as 205.77 resistance holds. This decline from 208.09 might be correcting the whole rise from...
USD/CAD Weekly Outlook – Action Forex
USD/CAD’s strong rally last week suggests that consolidative pattern from 1.3845 has completed with three waves to 1.3588, after being supported by 38.2% retracement of 1.3716 to 1.3845 at 1.3589 Initial bias stays on the upside this week for 1.3790 resistance first....
Spider Tanks Unveils Ferocious T-Rex in Latest Showcase
Ted Hisokawa Jul 18, 2024 06:17 Gala Games introduces the T-Rex in Spider Tanks, detailing its powerful abilities and unique gameplay dynamics. Gala Games has released a new addition to its popular game, Spider...
Fintechs seek banking partnership, BFSI News, ET BFSI
The fintech sector is making a strong pitch for closer cooperation with traditional banks, while simultaneously eyeing substantial support in the upcoming Union Budget 2024-25. Industry leaders believe that a synergistic relationship between the two can revolutionise...
AUD/USD Weekly Report – Action Forex
AUD/USD’s fall from 0.6798 short term top extended lower last week. Initial bias stays on the downside this week for 38.2% retracement of 0.6361 to 0.6798 at 0.6631. Strong rebound would be seen there to bring rebound. On the upside, above 0.6754 minor resistance will...
Barry Brewer’s ‘Chicago, I’m Home’ Special Hits Gala Film with NFT Moments
Felix Pinkston Jul 18, 2024 06:45 Gala Film launches Barry Brewer’s comedy special 'Chicago, I’m Home' with exclusive NFT Moments and rewards. Barry Brewer’s latest stand-up comedy special, “Chicago, I’m Home,”...
Binance Completes Galxe (GAL) to Gravity (G) Token Swap and Rebranding
Jessie A Ellis Jul 21, 2024 09:24 Binance has finalized the Galxe (GAL) token swap, redenomination, and rebranding to Gravity (G), now available for trading. Binance has successfully completed the token swap,...
USD/CHF Weekly Outlook – Action Forex
USD/CHF dipped to 0.8819 last week as fall from 0.9223 tried to resumed, but recovered since then. Initial bias remains neutral this week first. Further decline is in favor as long as 0.8914 support turned resistance holds. Break of 0.8819 will target 61.8%...
India Kotak Mahindra Bank appoints external auditor post RBI order, ET BFSI
By Siddhi NayakMUMBAI -India's Kotak Mahindra Bank has appointed Grant Thorton Bharat as an external auditor for its IT systems, months after the central bank (RBI) barred the lender from adding new clients digitally, its chief executive officer said on Saturday.The...
GBP/USD Weekly Outlook – Action Forex
GBP/USD edged higher to 1.3043 last week but retreated since then. Initial bias remains neutral this week for consolidations first. Downside should be contained by 1.2859 resistance turned support to bring another rally. Break of 1.3043 will resume the rise from...
Binance (BNB) Unveils CPT Framework to Analyze Crypto Market Dynamics
Rebeca Moen Jul 21, 2024 09:51 Binance Research introduces the CPT Framework to analyze crypto market dynamics, focusing on capital, people, and technology as key structural drivers. Binance Research has...
USD/JPY Weekly Outlook – Action Forex
USD/JPY’s correction from 161.94 extended to 155.36 last week but recovered since then. Initial bias remains neutral this week and further fall is expected with 158.85 resistance intact. Below 155.36 will target 38.2% retracement of 140.25 to 161.94 at 153.65. On the...
FX week in review: OANDA and Saxo for sale, Spain CFDs restrictions, BUX UK sold, Trive exits UK
It was a week of (fairly wild!) change in the Retail FX and CFDs business, with a lot of M&A activity in the headlines, alongside broker license losses and reinstatements, plus our usual list of senior executive moves. Some of the most read and commented-on FX/CFD...
EUR/USD Weekly Outlook – Action Forex
EUR/USD edged higher to 1.0947 last week but retreated since then. Initial bias remains neutral this week first, and further rise is in favor as long as 1.0871 minor support holds. Break of 1.0947 will target 100% projection of 1.0601 to 1.0915 from 1.0665 at 1.0979....
IBM Research Delves into Fundamental Questions with Exploratory Science
Felix Pinkston Jul 21, 2024 08:55 IBM Research is pushing the boundaries of science, mathematics, and computation through its exploratory science initiatives. IBM Research is embarking on a journey to answer...
Forex and Cryptocurrency Forecast – Action Forex
EUR/USD: FOMC – Are Surprises Expected on 31 July? This review will begin somewhat unusually, not from the start, but from the end of the past work week. On the evening of 18 July and the morning of the 19th, system administrators and users encountered non-functional...
Shift in Risk Sentiment a Short-Lived Anomaly or Start of a Longer Correction?
Last week proved to be a whirlwind for global markets, marked by a series of shocking events—from the failed assassination attempt on Donald Trump last weekend, to the historic global tech outage that occurred on Friday that brought significant attention but...
Enhancing Agent Planning: Insights from LangChain
Alvin Lang Jul 21, 2024 04:57 LangChain explores the limitations and future of planning for agents with LLMs, highlighting cognitive architectures and current fixes. According to a recent LangChain Blog post,...
NVIDIA Advances AI-Driven 6G Innovation with AI-RAN Alliance, 3GPP, and O-RAN
Rebeca Moen Jul 21, 2024 05:27 NVIDIA collaborates with AI-RAN, 3GPP, and O-RAN to drive AI-driven innovations in 6G technology, focusing on AI-native tools and frameworks. The development of 6G technology is...
Unlock Exclusive Rewards with ‘Chicago, I’m Home’ Mystery Boxes
Rongchai Wang Jul 18, 2024 07:13 Gala Film introduces 'Chicago, I'm Home' Mystery Boxes, offering exclusive Barry Brewer and Gala Film prizes and unlocking Expansions. Gala Film has unveiled the 'Chicago, I'm...
CrowdStrike outage affected 8.5 million Windows devices, Microsoft says
Microsoft said Saturday it estimates that worldwide about 8.5 million computers were disabled by the outage caused by an update from the Texas based cyber security company, CrowdStrike on Friday.
ACCC warns of consumer scams following CrowdStrike Windows outage
Australia’s National Anti-Scam Centre, run by the Australian Competition and Consumer Commission (ACCC) has issued a warning to consumers and small businesses to be wary of unsolicited calls, emails or messages requesting they download a software patch or provide...
How to know if a financial planner is a good match or a mismatch for your money
Get the lowdown on a financial adviser before you give them a dime.
ElevenLabs Launches Advanced Text-to-Speech AI with 100+ Voices
Felix Pinkston Jul 20, 2024 17:49 ElevenLabs introduces a cutting-edge text-to-speech software featuring over 100 AI-generated voices in 29 languages, aiming to revolutionize the TTS industry. ElevenLabs, a...
Foreign banks turn biggest investors in India debt ahead of JP Morgan bond inclusion: RBI Bulletin, ET BFSI
Foreign banks have emerged as the largest investors, with their investments exceeding the value of net inflows into index-eligible bonds, according to the RBI Bulletin. "Some of the world’s largest sovereign wealth funds have significantly increased their investments...
Banks line up special plans to lure retail deposits, ET BFSI
Indian banks are stepping up their efforts to attract retail deposits by offering special plans that provide savers with interest rates at least 25-30 basis points higher than current rates for comparable tenures.Several major banks, including State Bank of India...
Gala Games Introduces New Features and Updates to Treasure Tapper
Iris Coleman Jul 18, 2024 08:19 Gala Games unveils exciting updates and features for Treasure Tapper, its free Telegram mini app game, enhancing user engagement and rewards. Gala Games has rolled out a series of...
Speculator Bets led by Russell-2000 & DowJones :: 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 July 16thand shows a quick view of how large traders...
Gala Games Unveils Early Access for Superior, Requiring Prime Character NFTs
Rongchai Wang Jul 18, 2024 08:39 Gala Games launches early access for Superior, a roguelite game where players need Prime Character NFTs to join the battle against rogue superheroes. Gala Games has announced the...
RBI chief, BFSI News, ET BFSI
Mumbai, RBI Governor Shaktkanta Das on Friday said banks and NFCs must be fair in their conduct and practices with consumers as this fosters confidence and public trust in financial institutions which strengthens their stability.He pointed out that RBI has issued...
Rep. Takano calls on Biden to exit race, pass the torch to Harris
Chairman Mark Takano, of the House Committee on Veterans’ Affairs (D-CA) speaks alongside members of the Congressional Delegation who recently traveled to the Indo-Pacific Region at a press conference in the U.S. Capitol Building on August 10, 2022 in Washington,...
‘Taylor Swift is my nemesis’: Hotel prices soar due to pop star’s Europe tour
As Swift makes her way through major European cities this summer, lodging rates have jumped accordingly.
Binance Margin Introduces New USDC Trading Pairs
Alvin Lang Jul 09, 2024 08:20 Binance Margin expands its offerings by adding new USDC trading pairs on Cross and Isolated Margin, enhancing user experience and portfolio diversification. Binance, a leading...
Currency Speculators push British Pound bets to Record High :: 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 July 16th and shows a quick view of how large market...
IndusInd Bank Plans Rs 30,000 crores fund raise, ET BFSI
Private lender IndusInd Bank on Friday said that the board of directors of the bank had approved fund raise of more than Rs 30,000 crore bank. The lender has taken a board resolution for an equity fund raising of Rs 10,000 crores. The bank’s board also approved fund...
This hedge-fund icon has been investing for 60 years. Here’s his take on stocks now.
‘Probably by the end of this year or next year, the bear market will have resumed in the U.S.,’ Jim Rogers predicts.
Crowdstrike outage and global software’s single-point failure problem
The frequency of large-scale attacks on corporate enterprise IT is increasing. That's not unusual or unexpected as companies spend heavily on cyber defense in an asymmetric war against hackers who can string together a few lines of code and wreak havoc. But the...
How old is too old for CEOs — and presidents?
The private sector has term limits of a different sort: deliver or you’re gone
The CrowdStrike fail and next global IT meltdown already in the making
When computer screens went blue worldwide on Friday, flights were grounded, hotel check-ins became impossible, and freight deliveries were brought to a stand-still. Businesses resorted to paper and pen. And initial suspicions landed on some sort of cyberterrorist...
Speculator Bets led lower by Soybean Meal & Soybeans :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday July 16th and shows a quick view of how large traders...
Hong Kong Successfully Issues HK$25 Billion in Green Bonds
Alvin Lang Jul 18, 2024 11:20 The HKSAR Government has issued HK$25 billion in green bonds, attracting global investors with over HK$120 billion in orders. The Government of the Hong Kong Special Administrative...
Minor impact of outage on banks, BFSI News, ET BFSI
Mumbai: Ten banks and finance companies reported minor disruptions because of the Microsoft outage; however, most customer-facing banking operations were largely unaffected.According to the Reserve Bank of India (RBI), a large-scale outage in Microsoft services has...
‘Sell the S&P 500’ is looking smarter as tech stumbles and support levels crack
VIX volatility index holds clues about the market’s direction.
Speculator Bets led by Fed Funds & 2-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 July 16th and shows a quick view of how large traders...
RBI chief, BFSI News, ET BFSI
Banks must be fair in conduct with consumers: RBI chiefMumbai: RBI Governor Shaktkanta Das on Friday said banks and NFCs must be fair in their conduct and practices with consumers as this fosters confidence and public trust in financial institutions which strengthens...
It’s hot — and getting hotter. Here’s what that means for the global economy.
Climate change is worse for worldwide output than previously thought, a new study says.
Claude 3.5 Sonnet Empowers Audio Data Analysis with Python
Terrill Dicki Jul 20, 2024 11:23 Learn to use Claude 3 models with audio data in Python, leveraging AssemblyAI's LeMUR framework for seamless integration. Claude 3.5 Sonnet, recently announced by Anthropic, sets...
Rich people know about this investing trick — it’s time retail investors do too
While many people favor high-yield savings accounts, investing in bonds instead may prevent a tax headache.
Australian Dollar, Gold & British Pound top Bullish Bets :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on July 16th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
IndusInd Bank Plans Rs 30,000 crores fund raise, BFSI News, ET BFSI
Private lender IndusInd Bank on Friday said that the board of directors of the bank had approved fund raise of more than Rs 30,000 crore bank. The lender has taken a board resolution for an equity fund raising of Rs 10,000 crores. The bank’s board also approved fund...
PrimeXBT: A Comprehensive Review of the Multi-Asset Trading Platform
News Publisher Jul 20, 2024 12:54 PrimeXBT is a 2018-founded platform offering trading services for cryptocurrencies, forex, commodities, and stock indices. It offers high leverage options, advanced charting tools, and copy trading...
Nearly a third of home sellers are cutting prices as housing supply balloons in these areas
Nearly a third of home sellers in Sun Belt cities are slashing their asking prices as the number of properties for sale in those markets surges.
IBM Research Advances in Physical Sciences: Exploring Materials and AI
Rongchai Wang Jul 20, 2024 13:09 IBM Research is delving into physical sciences to enhance material understanding, computational platforms, and AI algorithm interpretability. IBM Research is making significant...
Speculator Bets topped by Gold & Copper :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday July 16th and shows a quick view of how large traders...
Tesla earnings bring focus on self-driving, and a new appreciation for energy-storage business
Tesla Inc. nears its earnings day with the stock firmly in the black for the year but facing concerns about its robotaxi aspirations, EV demand, and Chief Executive Elon Musk’s deeper wading into politics and divisiveness.
CrowdStrike update that caused global outage likely skipped checks, experts say
A general view from Dusseldorf Airport as passengers gather and wait due to the global communications outage caused by CrowdStrike, which provides cyber security services to US technology company Microsoft, on July 19, 2024 in Dusseldorf, Germany. Hesham Elsherif |...
Standalone PAT grows 81% YoY to Rs 6,250 crore, beats Street’s estimates, ET BFSI
Kotak Mahindra Bank today reported a standalone net profit of Rs 6,250 crore for the quarter ended June 30, 2024, which was up by 81% over Rs 3,452 crore reported by the lender in the year ago period. The profit after tax (PAT) was above the Street's estimates of Rs...
Medicare Part D: How the latest changes in drug pricing will affect you
There are big changes coming for anyone on a Medicare Part D drug plan.
Uniswap (UNI) Labs Enhances Bug Bounty Program with Cantina Partnership
Peter Zhang Jul 20, 2024 12:47 Uniswap (UNI) Labs collaborates with Cantina to expand its bug bounty program, offering rewards up to $2.25M for critical vulnerabilities. Uniswap (UNI) Labs has announced a...
Standalone PAT grows 47% YoY to Rs 502 crore, net interest income jumps 12%, ET BFSI
Yes Bank on Saturday reported a standalone net profit of Rs 502.43 crore for the quarter ended June 30, 2024, which was up by 47% over Rs 342.52 crore reported by the lender in the year ago period. The interest earned in the reported quarter stood at Rs 7,719.15...
Older adults are drinking more. Could that pose a public-health risk?
The rise in alcohol consumption among older adults comes as drinking trends are holding steady or declining among other age groups.
Is this heavy-hitting American Express card worth the $695 fee? Yes, if you’re in this group.
The American Express Platinum card offers perks such as airport-lounge access and hundreds of dollars in travel credits. But some finance influencers have called it “overhyped.”
RBL Bank Q1 net profit grows 29 pc to Rs 372 cr, BFSI News, ET BFSI
Mumbai, Private sector lender RBL Bank on Saturday reported a 29 per cent jump in net profit to Rs 372 crore for the June quarter. The bank's core net interest income grew 20 per cent to 1,700 crore on the back of a 19 per cent rise in advances. Its net interest...
Binance to Support IoTeX (IOTX) Network Upgrade and Hard Fork
Lawrence Jengar Jul 20, 2024 11:54 Binance announces support for IoTeX (IOTX) network upgrade and hard fork, affecting deposits and withdrawals but not trading. Binance, one of the leading cryptocurrency...
Why Trump will need help from Saudi Arabia and Iran to help feed energy bulls
A win by Republication presidential nominee Donald Trump would be bullish for oil producers, but he’ll need help from Saudi Arabia and Iran to help offset the price impact from his push for higher output.
Standalone PAT grows 35% YoY to Rs 16,175 crore, falls 2%QoQ, ET BFSI
HDFC Bank today reported a standalone net profit of Rs 16,175 crore for the quarter ended June 30, 2024, which was up by 35% over Rs 11,952 crore reported by the lender in the year ago period. However, it was down by 2% sequentially versus Rs 16,512 crore reported in...
‘I’m slowly learning’: I’m in my 70s and suddenly widowed. My financial adviser wants me to invest 20% of my assets in annuities. Is that a good idea?
“I do need the additional monthly income and it would be good to have with my pension and Social Security.”
Standard Chartered, Animoca Brands, and HKT Collaborate in HKMA Stablecoin Issuer Sandbox
Rongchai Wang Jul 18, 2024 12:24 Standard Chartered, Animoca Brands, and HKT are joining forces in the HKMA’s stablecoin issuer sandbox to explore digital asset innovations. Standard Chartered Bank (Hong Kong)...
Binance Introduces Banana Gun (BANANA) on Multiple Platforms
Felix Pinkston Jul 20, 2024 10:54 Binance adds Banana Gun (BANANA) to Simple Earn, Buy Crypto, Convert, Margin, and Auto-Invest, expanding its offerings. Binance, the leading cryptocurrency exchange, has...
How a Trump presidency could ‘rock’ the EV market — and bring Tesla prices way down
Tesla and other electric-vehicle makers stand to face major price competition if Donald Trump wins the presidential election and opens the U.S. to cars produced by Chinese manufacturers.
CreditAccess Grameen net profit rises 15% YoY to Rs 398 crore, ET BFSI
Microfinance lender CreditAccess Grameen on Friday reported a 15% year-on-year rise in net profit at Rs 398 crore for the first quarter of the fiscal, backed by robust business expansion while the lender's asset quality slipped.The net profit was Rs 346 crore in the...
How to decide between Treasury, corporate and municipal bonds
A guide to the tax implications of owning Treasury, corporate and municipal bonds.
Fiscal consolidation with welfare measures, budget may see a mild increase in Capex: Emkay, ET BFSI
New Delhi [India], July 20 (ANI): The upcoming Budget will still set the stage for policy choices ahead, and will be watched for pace of fiscal consolidation and policy priorities on capex and non-capex spend says Emkay Union Budget preview.The fiscal buffer from the...
Want a refund for your delayed or cancelled flight after the CrowdStrike outage? You can get it — here’s the trick.
Airline passengers faced the choice of waiting hours for their delayed flight, rebooking or just canceling their trip after a cybersecurity platform’s software update snarled computer systems and toppled travel plans.
Marathon Digital Holdings (MARA) Schedules Q2 2024 Financial Results Call
Lawrence Jengar Jul 18, 2024 13:13 Marathon Digital Holdings (MARA) will host a webcast and conference call on August 1, 2024, to discuss its Q2 financial results. Shareholders can submit questions in advance. ...
Karnataka CM Siddaramaiah, ET BFSI
BENGALURU: Chief minister Siddaramaiah sought to blunt accusations from opposition BJP and JD(S) over financial irregularities in Karnataka Maharshi Valmiki ST Development Corporation, asserting that while funds were indeed misappropriated, it happened without his...
Weekly Economic & Financial Commentary: A String of Upside Surprises, but Growth is Slowing in the U.S.
Summary United States: A String of Upside Surprises, but Growth is Slowing in the U.S. Retail sales, housing starts and industrial production all surprised to the upside this week. Yet, an uptick in initial jobless claims was a reminder that conditions in the labor...
Why bonds are important and how to invest in them
There has been quite a buzz about investing in bonds among younger investors who may previously have found them boring or appropriate only for retired people seeking income.
The Weekly Bottom Line: Nearing the Pivot Point
U.S. Highlights After an eerily calm few months, a fresh dose of volatility descended across global financial markets this week. Top Fed officials speaking this week noted that they are getting ‘closer’ to cutting interest rates. Financial markets have fully priced...
Angel Tax drains funds, distorts market valuations, say VCs, BFSI News, ET BFSI
In 2023, investments in Indian start-ups witnessed a decline of nearly 70%, with seed stage funding plummeting by 60% as of December 2023, according to a Tracxn report. While of course various factors and circumstances contributed to this downturn, the startup...
Sebi enables ESG rating providers to undertake activities under IFSCA, ET BFSI
Capital markets regulator Sebi on Friday allowed credit rating agencies and ESG rating providers to undertake their activities under the International Financial Services Centres Authority (IFSCA). IFSCA has been added to the list of financial sector regulators to...
Here’s how stocks performed the last time a president ended a re-election bid — in 1968
S&P 500 rose after LBJ’s surprise announcement, but the market is already pricing in Biden’s withdrawal.
ElevenLabs Unveils Turbo v2.5: Enhanced Text-to-Speech in 32 Languages
Zach Anderson Jul 20, 2024 02:23 ElevenLabs launches Turbo v2.5, offering low-latency text-to-speech in 32 languages, including new support for Vietnamese, Hungarian, and Norwegian. ElevenLabs, a leading...
VP Kamala Harris and Democratic donors discuss ‘urgent, emerging needs’ in the race, with Biden campaign in crisis
Vice President Kamala Harris joined a call with major Democratic donors Friday afternoon to discuss what the hosts called "urgent, emerging needs." The call came as more Democratic lawmakers publicly call on President Joe Biden to drop his bid for reelection.A Biden...
Weekly Market Outlook: US PCE, GDP, and Earnings Expected to Drive Volatility
This week, markets were influenced by trade war fears, US political developments, and a global cyber outage. In Asia, the Japanese yen weakened, and Chinese authorities remained silent on economic goals despite weak data. Next week, US PCE and GDP data, along with...
I put $6,000 on my credit card after a house renovation and face a Social Security overpayment. Do I use my emergency savings to pay it off?
“I have $14,000 in an emergency fund, but I have earmarked $6,000 for a Social Security overpayment, for which I’ve submitted an appeal.”
Infomerics, BFSI News, ET BFSI
Non-bank financial companies have increased their share in total credit to more than one-fourth now from a share of only one-sixth a decade ago, Infomerics rating agency has said.As per an analysis done by the rating agency, between September 2022 and September 2023,...
RBI Guv Das, ET BFSI
Governor Shaktikanta Das on Friday said the Reserve Bank does not have any plan to allow business houses to promote banks at present. Allowing corporate houses to promote banks exposes one to conflict of interest risks and related-party transactions, Das said,...
Revex has a higher multiplier effect than tax cuts, Capex should grow moderately, say Economists, ET BFSI
To foster a runway of growth spanning 10-15 years, private players await a resurgence in consumer spendingEconomists across the board emphasise the necessity of fiscal discipline without stifling growth.From leveraging RBI dividends to boosting capex while ensuring...
Bitcoin jumps thanks to Trump, as investors weigh Democratic ticket change
Bitcoin’s price jumped on Friday as crypto investors continued to be buoyed by Republican presidential front-runner Donald Trump’s embrace of digital assets and digested reports that President Joe Biden could drop out of the White House race.
Elliott has Starbucks stake, in talks with management: WSJ
A Starbucks coffee shop in Amsterdam.Nicolas Economou | Nurphoto | Getty ImagesElliott Management has taken a significant stake in coffee chain Starbucks and is engaging with management to find ways to improve the company's share price, the Wall Street Journal...
Top UN court says Israel’s occupation of Palestinian territories is illegal
Judges at the International Court of Justice (ICJ) rule on emergency measures against Israel following accusations by South Africa that the Israeli military operation in Gaza is a state-led genocide, in The Hague, Netherlands, January 26, 2024. Piroschka Van De Wouw |...
Summary 7/22 – 7/26
Monday, Jul 22, 2024 Tuesday, Jul 23, 2024 Wednesday, Jul 24, 2024 Thursday, Jul 25, 2024 Friday, Jul 26, 2024 The post Summary 7/22 – 7/26 appeared first on Action Forex.
NVIDIA’s Supercomputers Propel Quantum Computing Breakthrough
James Ding Jul 20, 2024 04:04 NVIDIA's GPUs play a crucial role in groundbreaking quantum computing research, focusing on quantum annealing and optimization problems. Groundbreaking research underscores NVIDIA’s...
Ripple (XRP) Advances Financial Infrastructure with Blockchain and Digital Assets
Alvin Lang Jul 20, 2024 04:46 Ripple (XRP) aims to revolutionize financial services using blockchain and digital assets, focusing on institutional DeFi, cross-border payments, and stablecoins. Ripple (XRP), a...
GBP/USD: Cable Dips Further After Downbeat UK Retail Sales
Cable remains in red for the second consecutive day and extends pullback from new one-year high (1.3044). Weaker than expected UK retail sales increase pressure on sterling and add to bets for BoE rate cut in August (currently at 44%). Fresh bears broke below the...
NVIDIA Introduces Self-Paced AI and Data Science Career Development Courses
Lawrence Jengar Jul 19, 2024 17:09 NVIDIA launches self-paced courses for career development in AI and data science, providing essential training and industry insights. NVIDIA has announced a new initiative to...
Blackstone steps up real-estate investments — but challenges remain in office sector
Blackstone more than doubled its real-estate investment activity to $10 billion in the second quarter, as the private-equity firm continues to see a bottoming out in the broader commercial real-estate sector.
US Dollar Index Outlook: Risk Aversion Lifts the Dollar
The dollar index extends recovery into second straight day, with strong bounce from new four-month low (103.31) on Thursday, being fueled by fresh risk aversion on global cyber outage, which hit financial centers, banks, airlines and many others, prompting investors...
Finalto sets ODP Liquidity strategic partnership with Trive in South Africa
Finalto South Africa has announced a new strategic partnership with Trive South Africa. This collaboration marks a significant milestone in Finalto’s expansion within the African continent as it continues to fulfill commitments to develop meaningful and value-driven...
Comerica cuts net interest income view and flags loss of a government contract
Comerica Inc.’s stock fell 12% on Friday after the bank cut its outlook on net interest income and said it doesn’t expect to continue as financial agent for the U.S. Treasury Direct Express Prepaid Debit Card program.
EUR/USD Experiences Sharp Decline: Risk Appetite Heightens
The EUR/USD pair fell sharply to 1.0888, with investors speculating on the future of US interest rates and the potential implications of the upcoming presidential election, particularly as Donald Trump’s chances appear to be improving. These factors contribute to a...
eToro says registration and phone verification issues resolved
Online broker eToro has informed its clients that the issues with registration and phone verification reported earlier today have been resolved. At 08:05 UTC today, eToro said the broker was experiencing service degradation on Registration and Phone verification on...
RMD rules for inherited accounts are here. You may have less time to act than you thought.
The IRS issued final regulations for inherited retirement accounts that are set to begin in 2025.
Sui Blockchain Sees Rapid Growth in Move Developer Community
Luisa Crawford Jul 19, 2024 18:10 Electric Capital's latest report highlights Sui's rapid growth in the Move developer community, showcasing significant increases in developer activity and engagement. The latest...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0879; (P) 1.0911; (R1) 1.0928; More…. EUR/USD is still holding above 1.0871 support and intraday bias stays neutral. Further remains mildly in favor. Break of 1.0947 will resume the rise from 1.0601 and target target 100% projection of 1.0601 to...
Trump says mortgage rates have quadrupled since Biden took office. Is he right?
Housing prices have hit an all-time high, and both Biden and Trump say they plan to address the issue.
Italian regulator orders blocking of five new unauthorized investment websites
Italy’s Companies and Exchange Commission (CONSOB) has issued orders for the blocking of five unauthorised investment websites. In issuing the orders, the Authority availed itself of the powers deriving from the “Decreto crescita” (“Growth Decree”; Law no. 58 of 28...
India’s ICICI Lombard posts Q1 profit jump on motor, health insurance boost, ET BFSI
BENGALURU - India's ICICI Lombard General Insurance reported a nearly 49% jump in first-quarter profit on Friday, helped by an increase in premiums in its motor and health insurance segments.Profit after tax rose to 5.80 billion rupees ($69.4 million) for the quarter...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2915; (P) 1.2968; (R1) 1.2997; More… Intraday bias in GBP/USD remains neutral at this point. Pullback from 1.3043 could extend lower but downside should be contained by 1.2859 resistance turned support to bring another rally. Above 1.3043 will...
Oil heads for back-to-back weekly declines as demand worries weigh on crude
Oil futures declined on Friday, with worries about the demand outlook from of China putting a damper on crude this week, while supply concerns have helped limit downside.
Binance Expands Offerings with Gravity (G) on Multiple Platforms
Peter Zhang Jul 19, 2024 17:30 Binance has announced the inclusion of Gravity (G) across several services, including Binance Earn, Buy Crypto, Convert, and Margin, starting July 19, 2024. Binance, one of the...
CrowdStrike outage thrusts Paris Olympics partner into the spotlight
The massive CrowdStrike Holdings outage, which may be world’s largest ever, has underlined the critical importance of one of the lesser-known partners of the Paris Olympic Games, according to branding expert Jim Andrews.
Sunset Market Commentary – Action Forex
Markets One of the biggest-ever IT outages sparked volatility at the start of European trading but without lasting impact on general markets. A security update by CrowdStrike caused a global problem with Microsoft’s Windows. UK retail sales also printed at the onset...
Hargreaves Lansdown continues offer discussions with CVC, Nordic Capital and Platinum Ivy
Hargreaves Lansdown plc (LON:HL) today provided an update regarding a revised proposal from a consortium comprising CVC Advisers Limited, Nordic Capital XI Delta, SCSP, and Platinum Ivy B 2018 RSC Limited. In June, the Consortium proposed to acquire Hargreaves...
Injective (INJ) Unveils New Staking ETP in Collaboration with 21Shares
Luisa Crawford Jul 18, 2024 14:22 Injective (INJ)collaborates with 21Shares to launch AINJ, a new staking ETP offering INJ exposure and staking rewards via traditional finance venues. Injective, a prominent...
CrowdStrike outage affects Schwab, E*Trade and other brokerages — preventing people from trading
Friday’s IT outage was particularly felt in the brokerage industry, where any technical issue preventing people from trading can lead to money being lost.
AUD/USD: On Track for Biggest Weekly Drop Since Mid-April
Australian dollar continues to trend lower vs its US counterpart for the fifth consecutive day, on track for the biggest weekly loss since the second week of April. Bears have so far retraced 50% of 0.6575/0.6798 upleg and look for daily close below daily Kijun-sen...
Essential Questions for Ensuring Speech-to-Text Data Security
Luisa Crawford Jul 18, 2024 15:53 Explore critical questions to ask about data security when choosing a Speech-to-Text API, ensuring confidentiality, integrity, and availability of data. As the adoption of...
HDFC Bank to grow deposits aggressively, slowdown loan growth, ET BFSI
India’s largest private sector lender HDFC Bank on Thursday said that going forward its advances will grow slower than its deposits, as it adjusts to its merger with parent HDFC limited. In his annual address to shareholders, managing director Sashidhar Jagdishan said...
Want to Learn How to “Read” a Price Chart? Start Here. :: InvestMacro
See how Elliott wave patterns “subsume” other technical analysis chart patterns By Elliott Wave InternationalSome investors who are fans of technical analysis may not realize that another way to look at many classic chart patterns — for example, Head and Shoulders —...
Mortgage rates fall to the lowest level in four months, while refinances jump 15%
Mortgage applications rose 3.9% in the last week, the Mortgage Bankers Association said.
Flights grounded, passengers to see delays amid global IT outage
Crowds are seen building up at Suvarnabhumi Airport as a global IT disruption caused by a Microsoft outage and a Crowdstrike IT problem combine to affect users on July 19, 2024 in Bangkok, Thailand. Mailee Osten-tan | Getty Images News | Getty ImagesSeveral airlines...
Gold: Reversal or Typical Retreat?
Gold made an impressive 3% surge during the week, breaking May’s all-time highs. However, it then retreated to the downside, selling off throughout the second half of the week. What should you watch out for to see if this is a reversal? Pullbacks after making new...
More Democrats call for new nominee
U.S. President Joe Biden arrives to deliver remarks on the assassination attempt on Republican presidential candidate former President Donald Trump, at the White House on July 14, 2024 in Washington, DC.Kevin Dietsch | Getty ImagesSix more congressional Democrats,...
Are banks, NBFCs affected due to Microsoft outage? RBI clarifies, ET BFSI
Are banks, NBFCs affected due to Microsoft outage? RBI clarifies Amid the major technical glitch at the US tech giant Microsoft and American cyber security company Crowdstrike disrupting slew of services across the globe, the Reserve Bank of India (RBI) releases...
CrowdStrike CEO George Kurtz is taking a $32 million personal hit from stock’s drop
The global computer outage caused by CrowdStrike is getting personal for Chief Executive George Kurtz, as it’s costing him a lot of money.
CySEC announces €70k settlement with Argus Stockbrokers
The Cyprus Securities and Exchange Commission (CySEC) today announced a €70,000 settlement with Cyprus investment firm (CIF) Argus Stockbrokers Ltd. CySEC, under article 37(4) of the Cyprus Securities and Exchange Commission Law of 2009, may reach a settlement...
RBI assessment shows 10 banks, NBFCs experienced ‘minor’ disruptions, ET BFSI
In the wake of a widespread outage in Microsoft Services, the Reserve Bank of India (RBI) on Friday said that it has conducted a thorough assessment to estimate the impact of this outage on its regulated entities, particularly within the Indian financial sector. The...
Together AI Unveils Inference Engine 2.0 with Turbo and Lite Endpoints
Terrill Dicki Jul 18, 2024 18:41 Together AI launches Inference Engine 2.0, offering Turbo and Lite endpoints for enhanced performance, quality, and cost-efficiency. Together AI has announced the release of its...
Another Cut from BoC Will Bring Benchmark Interest Rate to 4.5%
Softer inflation in Canada in June provided a small relief after an upside surprise in May, and set the Bank of Canada up for another 25-basis point interest rate cut on Wednesday to build on its first cut in June. Similar to the June meeting, we think the central...
Hospitals, 911 systems scramble to respond to CrowdStrike issues
Hospitals and 911 systems were racing Friday to respond to outages linked to a CrowdStrike cybersecurity platform issue.
Xiaomi launches first flip phone at just over $800, with a $70 portable printer
Chinese smartphone company Xiaomi on Friday launched its first flip phone alongside an upgraded version of its foldable.Evelyn ChengBEIJING — Xiaomi on Friday launched its first flip phone with the ability to print pictures instantly using a separately sold portable...
Biden won’t drop out, campaign insists in new memo
U.S. President Joe Biden looks on at the 115th NAACP National Convention in Las Vegas, Nevada, U.S., July 16, 2024. Tom Brenner | ReutersPresident Joe Biden's campaign insisted Friday that he will remain at the top of the Democratic ticket, insisting in a new memo...
Bank of India raises Rs 5,000 crore via infra bonds, BFSI News, ET BFSI
Bank of India has raised ₹5,000 crore through the issuance of infrastructure bonds, with the state-owned lender receiving bids far in excess of the notified amount for the debt sale.On Thursday, Bank of India sold 10-year infrastructure bonds for a total of ₹5,000...
RBI asks banks and payment cos to submit status update on Microsoft outage, ET BFSI
The Reserve Bank of India has enquired with banks whether their customer-facing channels- branches, ATM, mobile banking and net banking - were operating well after technical problem at the US tech giant Microsoft and its vendor American cyber security company...
Risk Appetite Heightens :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair fell sharply to 1.0888, with investors speculating on the future of US interest rates and the potential implications of the upcoming presidential election, particularly as Donald Trump’s chances appear to be...
Week Ahead – Flash PMIs, US GDP and BoC Decision on Tap
US data awaited amid overly dovish Fed rate cut bets July PMIs to reveal how economies entered H2 BoC decides on monetary policy, may cut rates again Will investors add to their Fed rate cut bets? With investors ramping up their Fed rate cut bets, the US dollar...
Bud Light sales extend their drop but Michelob Ultra takes up some slack: report
Anheuser-Busch InBev’s former No. 1 beer Bud Light has continued losing market share to Modelo from Constellation Brands Inc. and Coors Light from Molson Coors Beverage Co., but has made up some ground with Michelob Extra and Busch Light, the Wall Street Journal...
Optimizing IVF-PQ Performance with RAPIDS cuVS: Key Tuning Techniques
Tony Kim Jul 18, 2024 19:39 Learn how to optimize the IVF-PQ algorithm for vector search performance using RAPIDS cuVS, with practical tips on tuning hyper-parameters and improving recall. In the first part of...
These 4 banks special FDs will end on September 30, ET BFSI
Many big banks including SBI, IDBI Bank, Indian Bank and Punjab & Sindh are offering limited period special fixed deposit with higher interest rates. However, they come with deadline. Investors should make sure to invest before the deadline. Here is a look at...
How Robinhood lost $2 million to scam artists with names like ‘Ghost’ and ‘Payday’
A group of Long Island men pleaded guilty to using an elaborate “free-riding” scheme to manipulate prices of illiquid stocks using money they stole from the trading platform.
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8839; (P) 0.8859; (R1) 0.8898; More… Intraday bias in USD/CHF remains neutral for consolidations above 0.8819 temporary low. But further decline is expected as long as 0.9049 resistance holds. Break of 0.8819 will resume the fall from 0.9223 to...
Cypriot regulator warns against 11 unauthorised investment firms
The Cyprus Securities and Exchange Commission (CySEC) today issued a warning against a number of firms that provide investment services without having the necessary license. The warning list includes the following entities: fundednowprop.com fiat-global.com &...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Jul 19, 2024 14:15 UTC | Updated: Jul 19, 2024 at 14:15 UTC By Clark Major price action experts have recently ramped up their analysis for the next most profitable tokens. ETFSwap (ETFS), Ripple (XRP), and Tron (TRX) have emerged at the top of...
NVIDIA Delves into RAPIDS cuVS IVF-PQ for Accelerated Vector Search
Zach Anderson Jul 18, 2024 20:12 NVIDIA explores the RAPIDS cuVS IVF-PQ algorithm, enhancing vector search performance through compression and GPU acceleration. In a detailed blog post, NVIDIA has provided...
Student-loan payments paused for millions after court blocks Biden debt-relief plan
Millions of student-loan borrowers will have their payments paused and interest put on hold amid legal wrangling over a signature Biden student-debt initiative.
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 155.29; (P) 156.95; (R1) 157.84; More… Intraday bias in USD/JPY remains neutral at this point. Deeper decline is still expected as long as 158.85 resistance holds. Below 155.36 will extend the fall from 161.94, as a correction to rally from 140.25,...
Fired Citigroup banker says COO intended to deceive regulator on bank’s metrics, ET BFSI
NEW YORK, - A former Citigroup managing director who said she was fired because she refused to mislead a federal regulator about the bank's risk management accused Citigroup's chief operating officer of intentional deception, according to an amended lawsuit filed late...
OpenAI Introduces New Compliance and Administrative Tools for ChatGPT Enterprise
Joerg Hiller Jul 18, 2024 20:46 OpenAI launches compliance API integrations, SCIM, and GPT controls to enhance data security and user access for ChatGPT Enterprise. OpenAI has announced the release of new...
Natural gas prices bounced off the lows. Malaysia’s GDP is well ahead of estimates :: InvestMacro
By JustMarketsThe Dow Jones Index (US30) fell by 1.29% yesterday, while the S&P 500 Index (US500) went down 0.78%. The NASDAQ Technology Index (US100) closed negative 0.70%. Stocks initially opened higher on Thursday, with the Dow Jones Industrials Index (US30)...
We’re retired and in our early 60s. We want to buy a $900,000 house. Would it make sense to take out a bridge loan?
“We would like to buy a house before we sell our current home.”
Dollar Gains on Risk Aversion Amid Quiet Trading
Risk aversion continues to support Dollar in relatively quiet trading today. Both Sterling and Canadian Dollar weakened mildly after worse-than-expected retail sales data. Euro shrugged off dovish comments from some ECB officials. Meanwhile, Yen softened slightly...
Netflix is doing the impossible, and that could be bad news for bears
One analyst doesn’t see a “realistic bear-case for Netflix in the foreseeable future” given Netflix’s recent subscriber performance and fundamental strength.
HDFC Bank CSR spend crosses Rs 945 cr in FY24, BFSI News, ET BFSI
New Delhi, Private sector HDFC Bank has reported a corporate social responsibility (CSR) spend of Rs 945.31 crore for the financial year 2023-24, an increase of nearly Rs 125 crore from the previous year. The bank's CSR programme, Parivartan, has been active for over...
Bank of England says no impact on its systems from IT outage
The Bank of England has issued a statement amid problems caused by a global IT outage. The issue has affected the work of finance companies, airlines, payment systems. The London Stock Exchange did not publish RNS announcements for several hours because of the IT...
Vietnam Communist Party chief Trong dies at 80, state media says
Vietnamese Communist Party General Secretary Nguyen Phu Trong looks on as he is received by Russian President Vladimir Putin during talks with on September 6, 2018 in Sochi, Russia. Mikhail Svetlov | Getty Images News | Getty ImagesVietnam's Communist Party chief...
Canada retail sales falls -0.8% mom in May, down further -0.3% mom in Jun
Canada’s retail sales fell -0.8% mom to CAD 66.1B in May, worse than expectation of -0.5% mom. Sales were down in eight of nine subsectors, led by decreases at food and beverage retailers. Core retail sales—which exclude gasoline stations and fuel vendors and motor...
OpenAI Introduces GPT-4o Mini: A Breakthrough in Cost-Efficient AI
Rebeca Moen Jul 18, 2024 21:20 OpenAI has launched the GPT-4o Mini, the most cost-efficient small AI model available today, promising advanced capabilities at reduced costs. OpenAI has announced the release of...
Travelers’ stock rallies after big profit beat, even as catastrophe losses rise
Travelers’s stock was set to resume their rally in early trading Friday after the insurer beat second-quarter profit expectations by a wide margin, even as revenue missed and catastrophe losses increased.
What is CrowdStrike (CRWD), and how did it cause global IT outages?
George Kurtz, co-founder and CEO of CrowdStrike Inc., speaks during the Montgomery Summit in Santa Monica, California.Patrick T. Fallon | Bloomberg | Getty ImagesA fault with an update issued by cybersecurity company CrowdStrike led to a cascade effect among global IT...
Michelle Mack, retail crime ‘queenpin,’ faces prison, restitution
Michelle Mack is taken into custody, Dec. 6, 2023.CNBCThe ringleader of a nationwide organized retail crime operation that targeted Ulta Beauty and other major retailers is facing more than five years in a California state prison.Michelle Mack, of Bonsall, California,...
Financial assets of Indian households rose 3% CQGR during 2011-23; liabilities rose 3.3%, ET BFSI
As of March 2023, total household financial assets are estimated at Rs 363.8 lakh crore, equivalent to 135.0 percent of the gross domestic product (GDP).In contrast, the outstanding liabilities amounted to Rs 101.8 lakh crore, accounting for 37.8 percent of GDP. The...
USD/JPY Outlook: Bear-Trap Underpins But Recovery Still Faces Headwinds
USDJPY remains constructive on Friday and attempts to further extend Thursday’s strong bounce, with recovery being supported by signals of a double bear-trap, following a false break below pivotal Fibo support at 156.04 and thin daily cloud (spanned between 155.83 and...
Hawaiian Electric stock rallies on report of Maui wildfire settlement
Shares rise nearly 37% on report of $4 billion settlement.
Alphabet to kick-start Big Tech earnings :: InvestMacro
Alphabet ↑ 27% year-to-datePay close attention to updates on AI innovationsTechnical levels = $183, $177 & $170 (Alphabet) Tesla earnings also in focus, stocks ↑ 26% MTDThe week ahead is packed with high-impact data releases and a slew of corporate earnings from...
Hunter Biden cites Trump ruling in seeking tax, gun cases dismissal
Lawyers for Hunter Biden on Thursday asked federal judges in California and Delaware to dismiss the criminal tax and gun cases against him in their courts, citing a recent opinion by Supreme Court Justice Clarence Thomas and the related dismissal this week of the...
UneeQ Leverages AI-Powered Digital Humans for Enhanced Customer Engagement
Felix Pinkston Jul 19, 2024 02:12 UneeQ is transforming customer interactions using AI-powered digital humans, enhancing realism and engagement with NVIDIA ACE technology. UneeQ, a leading platform in the...
Silver Sinks Below 30 – Action Forex
Silver erases June’s gains; eyes on 28.50 Technical signals favor the bears Silver’s performance took a hit, marking its worst week in 2024 as the US dollar switched to recovery mode and investors questioned China’s economic outlook. As a result, the metal swiftly...
What are the most profitable stocks of all time? The answer might surprise you.
There is an old saying about investing: time in the market trumps timing the market.
Industry leaders expect further reinforcement of vision unveiled in interim budget, ET BFSI
While technology continues to drive India’s socio-economic progress, the key lies in building the nation into the knowledge capital of the world through enhanced R&D and innovation efforts.Ahead of the national election earlier this year, the Union government...
RBI Guv Das, ET BFSI
">"Credit growth should not run ahead of deposit growth by miles," noted RBI Governor Shaktikanta DasReserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that the rise in share of the retail portfolio within overall bank credit is a recent...
IC Markets (EU) Ltd receives €200K CySEC fine re initial margin protection
Cypriot financial regulator Cyprus Securities and Exchange Commission (CySEC) has announced that at its meeting held on the 1st of July 2024, it decided to impose an administrative fine of €200,000 to the CIF IC Markets (EU) Ltd. The fine was for non-compliance with...
Halliburton’s stock falls 2% after revenue falls short of estimates
Halliburton Co.’s stock fell 2% early Friday, after the oil services provider posted second-quarter earnings showing profit matching consensus but revenue falling short.
Democratic donors push Biden to drop out, as Kamala Harris events fill up
U.S. President Joe Biden and Vice President Kamala Harris stand on stage together after delivering remarks at the DNC 2023 Winter Meeting in Philadelphia, Pennsylvania, U.S., February 3, 2023.Elizabeth Frantz | ReutersOn a Tuesday in early July, 75 wealthy Democratic...
Canadian Dollar Eyes Retail Sales Ahead of Rate Meeting
The Canadian dollar is calm on Friday. In the European session, USD/CAD is trading at 1.3717, up 0.08% on the day at the time of writing. We could see stronger movement in the North American session, with the release of Canadian retail sales. Will retail sales suffer...
Significant uptick in mainboard IPOs in FY24, $97 bln raised by Indian financial services companies: Report, ET BFSI
FY24 marked a significant uptick in mainboard IPOs, with 76 listings— the highest since FY17. This surge reflects a notable 111 per cent increase from the 36 listings in FY23 and a substantial 62 per cent rise from the 47 listings in FY22, revealed a latest report by...
Binance Futures Launches Mock Copy Trading Competition with 30,000 USDT in Rewards
James Ding Jul 19, 2024 02:38 Binance Futures announces a Mock Copy Trading competition, offering 30,000 USDT in rewards. Participants can join from July 19 to August 1, 2024. Binance Futures has announced the...
New Hero Akane Joins The Walking Dead: Empires in Latest Hero Card Sale
Tony Kim Jul 19, 2024 03:01 Gala Games introduces Akane, a new hero in The Walking Dead: Empires. The hero card sale begins July 19th, offering various tiers and rarities. The world of The Walking Dead: Empires...
I’m 42, married with kids and live overseas. I don’t have a 401(k) and I don’t expect Social Security. What can I do?
“My employer typically gives housing, insurance, and schooling.”
Euronext Corporate Services appoints Julien Tessier as its CEO
Euronext Corporate Services has announced the appointment of Julien Tessier as its new CEO. This marks a significant milestone for Euronext Corporate Services. Julien Tessier Euronext Corporate Services is a dynamic and integral subsidiary of Euronext, offering a...
ECB’s Villeroy: Market rate cut expectations “rather reasonable”
ECB Governing Council member Francois Villeroy de Galhau spoke on French radio BFM Business today, expressing that current market expectations for interest rate cuts seem “rather reasonable.” Markets are currently pricing in nearly two ECB rate cuts for the remainder...
What happens next if Biden drops out of the presidential race
US President Joe Biden steps off Air Force One as he arrives at Hagerstown Regional Airport in Hagerstown, Maryland, June 20, 2024, on his way to Camp David.Samuel Corum | AFP | Getty ImagesPresident Joe Biden is under siege from within his own party, as more...
Share of low-cost CASA deposits bottoms out, says RBI Bulletin, ET BFSI
The share of low-cost current and saving deposits has largely bottomed out in the 39-40% range in a steady decline from about 44% in 2021-22."This is likely to squeeze banks’ net margins going forward and prompt repricing of deposit books. In fact, banks have been...
Former Trump adviser Sebastian Gorka is selling this doomsday-prepper cabin on 33 acres in the West Virginia woods
There’s a backup generator, a hand pump for the well, and an outdoor stove, plus just acres and acres of woods, wild animals, and birds.
Jio Financial Services makes steady progress in Q1 FY25, BFSI News, ET BFSI
Jio Financial Services Limited (JFSL) has released its financial and operational update for the first quarter of FY25, showcasing steady growth and strategic advancements across its business segments.The company's net interest income (NII) saw a significant decline of...
ECB Not Confident that September Will Bring the Second Rate Ccut
TSM announced better-than-expected quarterly results and lifted its growth projections for this year’s revenue. Good news helped limiting the previous day selloff in chip stocks yesterday but couldn’t prevent the S&P500 and Nasdaq 100 from closing Thursday’s...
Clearstream says all services fully operational despite global IT issue
Clearstream has just issued a brief notice regarding the worldwide IT issue, claiming that its systems are fully operational. The statement by Clearstream can be read below: “Information on worldwide IT issue Clearstream is aware about the global IT issue. We can...
Cronos (CRO) Announces $30,000 zkCRO Giveaway for Early Supporters
Zach Anderson Jul 19, 2024 03:23 Cronos (CRO) launches a $30,000 zkCRO giveaway for early supporters depositing CRO or LCRO tokens in the Cronos zkEVM bridge before the mainnet launch. Cronos (CRO) has unveiled...
Economic growth through tax reforms, FDI liberalization, regularity clarity, ET BFSI
By addressing key concerns such as tax reform, FDI liberalization, sector-specific incentives, regulatory clarity, and ESOP simplifications, the budget has the potential to unlock new growth opportunities and propel India towards sustainable economic development in...
CrowdStrike stock could see its worst day ever after worldwide outages
CrowdStrike Holdings may be looking at worst single-day stock-market performance ever, after a computer outage worldwide was pinned on the cybersecurity company.
Nvidia rebounds after TSMC says AI chip demand remains strong
Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Conference at the SAP Center in San Jose, California, on March 18, 2024.Justin Sullivan | Getty ImagesNvidia shares rose about 3% during trading on Thursday, rebounding one day after the stock...
Deposits still most preferred instrument of saving: RBI article, ET BFSI
Mumbai: Deposits are still the most preferred instrument of saving in India although market-based instruments are gaining share, said an article published in the Reserve Bank's July Bulletin. The article provides estimates of quarterly financial balance sheet of...
Trump to speak at RNC amid Biden election questions
Donald Trump reportedly does not plan to mention President Joe Biden by name during his speech accepting the presidential nomination at the Republican National Convention in Milwaukee.Trump's planned avoidance of referring to the Democratic incumbent by name, which...
GBPJPY Retraces Lower After Hitting 16-year High
GBPJPY pulls back from its highest level since August 2008 RSI and MACD ease but remain in positive territories GBPJPY has been in a prolonged uptrend since early 2024, posting a 16-year high of 208.10 on July 11. However, the pair has been undergoing a pullback since...
Bank union AIBOC pitches for expanding financial inclusion, meeting credit needs of small borrowers, ET BFSI
New Delhi, Bank officers' union AIBOC on Thursday underscored the need for expanding financial inclusion and focus on meeting credit needs of small borrowers. There are reports of farmers' suicides from different parts of the country, a fallout of exorbitant interest...
What’s interoperability in Web3? – 101 Blockchains
The internet has been moving towards a new era in which users would have more control over their digital experiences. Web3, the new generation of internet, leverages blockchain technology to create a user-centric and decentralized web. Interoperability is one of the...
Citi advises investors to ‘election proof’ their portfolios — here’s how
Strategists at Citi say it’s time to election-proof portfolios, and that mostly means shedding overseas stocks, while loading up on banks.
Trump Bitcoin Conference fundraiser tickets top out at $844,600 for Nashville soiree
Former U.S. President and Republican presidential candidate Donald Trump attends a campaign event in Philadelphia, Pennsylvania, U.S., June 22, 2024. Shannon Stapleton | ReutersFormer President Donald Trump will headline a campaign fundraiser in Nashville on the...
LSE confirms tech issue with news publication
The London Stock Exchange has confirmed a tech issue affecting the publication of news announcements. Only a handful of RNS announcements were published this morning at 7:00 am (London time). LSE bothered to post a notice about the problems some 40 minutes later....
RBI extends submission deadline for third global hackathon, HaRBInger 2024, ET BFSI
Originally set to close on July 19, 2024, the deadline has now been extended to July 31, 2024.The Reserve Bank of India (RBI) has announced an extension of the submission deadline for its third global hackathon, HaRBInger 2024. Originally set to close on July 19,...
USDCAD Advances Within Trading Range
USDCAD bounces off 1.3600 and 200-day SMA Momentum oscillators suggest more gains USDCAD has been still developing within a trading range of 1.3600 and 1.3790 since April 17, with strong support at the 200-day simple moving average (SMA). The recent rebound from...
Why Netflix and YouTube are miles ahead in streaming
Netflix Inc. wants Wall Street to think of it and YouTube as the top two streaming players, putting all the other streaming services in the category of also-rans.
Microsoft, CrowdStrike shares fall after major IT outage
CrowdStrike makes software to help firms manage their security in IT environments.Sopa Images | Lightrocket | Getty ImagesCybersecurity firm CrowdStrike saw its shares plunge Friday, after an update led to a major outage, impacting businesses across the world.Shares...
Binance Announces Ethereum Carnival with 30,000 USDT Prize Pool
Felix Pinkston Jul 19, 2024 03:54 Binance introduces a new promotion offering up to 30,000 USDT in token vouchers for trading Ethereum ecosystem tokens and futures. Binance has announced a new promotional event...
WGC asks Finmin, RBI to draft guidelines, BFSI News, ET BFSI
Kolkata: World Gold Council (WGC) has made presentations to the Union finance ministry and Reserve Bank of India to come out with appropriate guidelines and regulatory framework for digital gold business in India. The council has asked the authorities to introduce...
Spotlight on Harris while Biden faces pressure to drop out
U.S. Vice President Kamala Harris campaigns at Westover High School in Fayetteville, North Carolina, U.S., July 18, 2024. Kevin Mohatt | ReutersVice President Kamala Harris touted the nation's domestic manufacturing resurgence under President Joe Biden on Thursday at...
RBI forms panel to review fee structure for white-label ATMs, BFSI News, ET BFSI
New Delhi: The Reserve Bank of India (RBI) has set up a committee to review the fee structure for white-label ATMs (WLAs). This committee will evaluate current policies and practices, aiming to recommend a fair and sustainable model that balances the interests of all...
Euroclear acquires 49% stake in Inversis
Euroclear today announces it has acquired a strategic stake of 49% in Inversis, a provider of global investment technology solutions and outsourced financial services. Euroclear will become the full owner of Inversis by end 2027. Financial details of the transaction...
ECB’s Simkus: Interest rates are getting lower, quite significantly
ECB Governing Council member Gediminas Simkus shared his views with reporters today, indicating that his outlook aligns with current market expectations, which anticipate two rate cuts this year. Simkus commented, “Interest rates are getting lower and, I think, will...
Trump promises ‘massive tax cuts’ and an end to inflation in convention speech
Republican presidential nominee Donald Trump speaks on the final night of his party’s convention in Milwaukee.
Microsoft says it restored cloud services but issues continue
The exterior view of the Microsoft Times Square building in New York City on Jan. 29, 2023.Kena Betancur | Corbis News | Getty ImagesMicrosoft's cloud services have been restored after an outage, the company said on Friday, but many users are still reporting issues.It...
Double MUDRA loan limits, reduce financing cost, MSMEs ask, ET BFSI
Budget 2024: Double MUDRA loan limits, reduce financing cost, MSMEs ask As the Finance Minister Nirmala Sitharaman set to present the first Union Budget of Modi 3,0 on July 23, the expectations from various sectors are high.The Micro, Small & Medium Enterprises...
Household savings are moving to mutual funds from banks impacting their liquidity: RBI governor, ET BFSI
NEW DELHI: Households are choosing the capital markets over the banks to park or invest their savings, highlighted RBI governor Shaktikant Das during his address at FE Modern BFSI (Banking, Financial Services, and Insurance) Summit 2024 on Friday.Governor Das...
FX option expiries for 19 July 10am New York cut
There aren't any major expiries to take note of on the day. As such, trading sentiment will rely on the same key drivers from the day before mostly. The dollar saw recovery flows yesterday with yields pushing higher, so that will remain in contention in the session...
Airlines grounded, companies experiencing outages tied to CrowdStrike issue
Major airlines grounded flights and companies globally were experiencing IT outages, believed to be caused by a CrowdStrike cybersecurity platform issue on Friday.
CrowdStrike suffers major outage affecting businesses around the world
Cybersecurity firm CrowdStrike suffered a major outage on Friday, the company told NBC, impacting businesses globally.The outage resulted from an issue with the latest update, the company said. CrowdStrike is now in the process of rolling back that update globally.The...
With media in upheaval, Netflix stays out of the fray
A couple sits in front of a television with the Netflix logo on it.Picture Alliance | Picture Alliance | Getty ImagesNetflix's second-quarter earnings report contained no bombshells, and that's just fine for the company and its investors.In recent weeks, Paramount...
Trump RNC speech recounts assassination bid
Former President Donald Trump recounted the assassination attempt that nearly killed him during his Republican National Convention acceptance speech in Milwaukee on Thursday night."I'm not supposed to be here tonight," said a somber Trump, with a bandage covering his...
Dollar Strengthens as DOW Plunges; Yen Struggles to Extend Rally
Dollar rebounded broadly overnight following steep 500+ point selloff in DOW. Some analysts cited rotation away from big tech as the cause, but the decline was broad-based. Profit-taking could be a more likely factor after recent record runs, as traders and Fed...
Ethereum Core Developers Discuss Key Updates in Latest Call
Luisa Crawford Jul 19, 2024 04:32 Ethereum developers discussed significant changes to the execution layer and key proposals during the All Core Developers Execution Call #192. On July 18, 2024, Ethereum...
