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FCA cancels SPI registration of Apex Money Limited
The UK Financial Conduct Authority (FCA) has cancelled the registration of Apex Money Limited as a small payment institution (SPI). The Authority has concluded that the firm is no longer meeting the conditions for registration as an SPI under the PSRs, and that its...
Tourism Finance Corporation looks to set up alternative investment fund, ET BFSI
New Delhi: Tourism Finance Corporation of India (TFCI) will set up an alternative investment fund as it plans to enter retail lending, said its managing director Anoop Bali.The firm is also exploring ways to raise funds through long-term bonds and debentures, he told...
List of 6 React Tools on Ethereum
Blockchain and web3 development also incorporates many elements of traditional software development such as user interface design. You cannot expect a web3 app to become successful just because it offers novel functionality or a wide array of advantages. The...
Tether (USD₮) Set to Launch on Aptos Blockchain
James Ding Aug 19, 2024 09:56 Tether announces the launch of its USD₮ tokens on the Aptos Blockchain, enhancing accessibility and utility with advanced technology. Tether Operations Limited (Tether), the leading...
EUR/USD Outlook: Break Above 1.1000 Adds to Bullish Outlook, Limited Dips Should Be Anticipated
EURUSD keeps firm tone at the start of the week and extends gains above psychological 1.10 barrier after registering a weekly close above this level for the first time since late December. Bulls also cleared a Fibo resistance at 1.1012 (76.4% retracement of...
Finance Ministry should identify high risk taxpayers in GST composition scheme: CAG, ET BFSI
The Comptroller and Auditor General (CAG) has asked the Finance Ministry to identify high risk taxpayers in the GST composition scheme on a periodical basis and verify from other sources, including third parties, their declared value of sales to check tax evasion....
Doo Payment granted Australia remittance license by AUSTRAC
Doo Payment AU Pty Ltd, a subsidiary of Doo Payment, a brand under Doo Group, has announced that it has successfully obtained an independent remittance license (license number: IND100844845-001) issued by the Australian Transaction Reports and Analysis Centre...
Banks offering cheapest interest rates on gold loans, ET BFSI
Gold loans have grown in popularity due to its numerous perks. With a gold loan, which is a secured loan, you can use the value of your gold jewelry or ornaments as collateral to get money. It's an easy and quick option to obtain liquidity without sacrificing the...
Crypto Market Attracts Money, But Prices Don’t Rise
Market Picture On Monday morning, the crypto market capitalisation stood at $2.07 trillion, up slightly from $2.05 trillion a week earlier. In the previous two weeks, the market failed to rally above the $2.15 trillion level, which has become a local resistance. The...
Binance Futures Introduces USDⓈ-Margined SYS Perpetual Contract with Up to 50x Leverage
Iris Coleman Aug 19, 2024 08:54 Binance Futures will launch the SYSUSDT Perpetual Contract with up to 50x leverage, starting August 19, 2024, at 12:30 (UTC). In a move to expand its trading offerings, Binance...
IMF’s Gita Gopinath, ET BFSI
India needs to create an additional 60 to 148 million jobs by 2030 given its population growth while revamping its education to improve skills of its workforce, according to International Monetary Fund first deputy managing director Gita Gopinath.The country should...
MAS issues prohibition order against former HSBC rep
The Monetary Authority of Singapore (MAS) today issued a one-year prohibition order (PO) against a former representative of HSBC Bank, Aw Jun Ray, Reko Corinthians. Mr Aw was investigated for the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of...
RBI introduces provisions for ‘Sovereign Green Bonds’, BFSI News, ET BFSI
On August 13, The Reserve Bank of India (RBI) has introduced provisions for 'Sovereign Green Bonds' providing that a person resident outside India who maintains a securities account with a depository in IFSC in India would be able to purchase or sell Sovereign Green...
Gold Surges to Fresh Record High
Gold posts new all-time high on Monday But oscillators haven’t reached overbought conditions The divergence suggests that the advance may extend further Gold has been on the rise in the past couple of sessions, storming above the 2,500 psychological mark to a fresh...
Day one honors Biden’s legacy, but protests could strain party unity
The Bidens are going on vacation to California after tonight's speechRows of grapevines at Happy Canyon Vineyard during a drought on August 6, 2016, near Santa Ynez, California.George Rose | Getty ImagesPresident Joe Biden and first lady Jill Biden will depart for...
Yen Gains Ground as Dollar Weakens, Focus on Fed Powell’s Jackson Hole Speech This Week
Yen is showing broad-based strength in today’s Asian session, particularly against the generally weakening Dollar. This move has also put pressure on the Nikkei, which turned lower as Yen gained momentum. While there’s no clear catalyst for these movements, it appears...
Binance Launches ‘Word of the Day’ to Educate Users and Offer Rewards
Tony Kim Aug 19, 2024 02:39 Binance introduces a new 'Word of the Day' game focusing on CPI, allowing users to earn Binance Points and educational benefits. Binance has announced the launch of its new 'Word of...
Valverde partners with Broadridge to enhance investment management technology
Valverde Investment Partners, a newly established Singapore-based independent investment management firm, has appointed Broadridge Financial Solutions, Inc. (NYSE:BR) to enhance its portfolio management, trade order management, and risk analytics processes. This...
BitMEX Launches TONUSDT Perpetual Swap with 10x Leverage
James Ding Aug 19, 2024 05:18 BitMEX has announced the listing of TONUSDT perpetual swap, offering traders up to 10x leverage. The new listing is now live on the platform. BitMEX has unveiled its latest trading...
Credit offtake cools in June 2024 on RBI crackdown on unsecured credit, NBFCs, ET BFSI
Gross bank credit offtake (ex-merger) slowed to 6.4% for the December-June period compared to the growth of 8.1% for the same period last year as RBI announcement on unsecured consumer credit and NBFCs took effect. Meanwhile, credit growth also slowed to 13.9% in June...
Pessimism about Chinese economy grows, Euro-zone sends distress signals, ET BFSI
Brisk July retail sales along with fewer applications for unemployment benefits underscored a US economy with staying power as inflationary pressures gradually subside.Across the Atlantic, the UK jobless rate fell and wage growth cooled, while euro-zone productivity...
Investors can pick assets purely on merit rather than to optimise tax outgo, ET BFSI
The overhaul of the capital gains tax framework in the recent Budget has upset many. Equity investors are fretting that they must now shell out more tax on their gains. Real estate owners are livid that indexation benefits will be taken away. Taxpayers still holding...
FX option expiries for 19 August 10am New York cut
There is just one to take note of on the day, as highlighted in bold.That being for AUD/USD at the 0.6675 level. It isn't one that is technically significant but it could anchor gains for a bit before rolling off later in the day. The pair is in a breakout mood amid a...
NVIDIA Unveils AI-Enabled Holoscan Platform for Live Media Applications
Iris Coleman Aug 16, 2024 04:05 NVIDIA introduces Holoscan for Media, an AI-driven platform allowing live video pipelines to run on the same infrastructure as AI, enhancing live media applications. NVIDIA has...
Circle’s Smart Contract Platform Enables Seamless ETH to USDC Swaps
Joerg Hiller Aug 16, 2024 04:42 Circle's Smart Contract Platform simplifies ETH to USDC swaps via a smart contract with an SDK for easy deployment and interaction. Circle's Smart Contract Platform now offers a...
Trump, Harris inflation arguments questionable: Chicago Fed president
Austan Goolsbee speaking at Jackson Hole on Aug. 8, 2023.David A. Grogan | CNBCChicago Federal Reserve President Austan Goolsbee on Sunday warned against misrepresenting the inflationary impacts of corporate price hikes and tariffs, which have become focal points of...
Exploring the Salt Server Architecture of zkLogin by Mysten Labs
Rongchai Wang Aug 16, 2024 05:00 Mysten Labs unveils the salt server architecture behind zkLogin, ensuring secure and private identity management for Web3 applications. Mysten Labs has introduced a robust salt...
How Americans are losing their life savings to crypto fraud
More and more Americans are losing thousands of dollars to a scheme that takes fraudsters weeks or months to pull off."Pig butchering" scams earned the name from the idea that scammers use flattery and fake bonding to "fatten up" their victims. The strategy has...
HKMA Releases Tentative Schedule for Exchange Fund Bills and Notes for Q4 2024
Darius Baruo Aug 16, 2024 05:23 The Hong Kong Monetary Authority has issued a tentative schedule for Exchange Fund Bills and Notes for the fourth quarter of 2024. The Hong Kong Monetary Authority (HKMA) has...
BitMEX to List BANANAUSDT Perpetual Swap with 10x Leverage
Joerg Hiller Aug 16, 2024 05:47 BitMEX announces the listing of BANANAUSDT perpetual swap, offering traders up to 10x leverage starting August 16, 2024. BitMEX has announced the upcoming listing of a new...
Sui Bridge Test Program Reveals Key Bug Fixes and Insights
Lawrence Jengar Aug 16, 2024 06:09 The Sui Bridge incentive program, conducted in June, identified bugs and gathered insights for a smoother bridging experience. Over 184,000 transactions were completed. In...
ElevenLabs Slashes Prices of Turbo V2 and V2.5 Models by 50%
Joerg Hiller Aug 18, 2024 14:16 ElevenLabs has reduced prices for its Turbo V2 and V2.5 models by 50%, introducing new pricing plans to benefit both self-serve and enterprise customers. ElevenLabs has announced...
Gala Music: The Platform Transforming Artist Earnings
Jessie A Ellis Aug 16, 2024 06:49 Discover how Gala Music leverages blockchain to significantly enhance artist earnings compared to Spotify, providing new revenue streams and deeper fan connections. Over the...
Canaan Inc. (CAN) Reports Strong Q2 2024 Financial Results
Felix Pinkston Aug 16, 2024 08:32 Canaan Inc. (NASDAQ: CAN) reports robust Q2 2024 financial results with significant revenue growth and improved profitability. Canaan Inc. (NASDAQ: CAN), a leading...
Incoming Starbucks CEO Brian Niccol may target mobile app
Mobile order and Uber Eats and Doordash delivery pick up area at Starbucks coffee shop, Queens, New York. Lindsey Nicholson | UCG | Universal Images Group | Getty ImagesIt's become a familiar sight at Starbucks cafes: a counter crowded with mobile orders, frustrated...
Character.AI Introduces Prompt Poet to Revolutionize Prompt Design
Zach Anderson Aug 16, 2024 09:42 Character.AI unveils Prompt Poet, a tool designed to streamline prompt design for developers and non-technical users, enhancing AI interactions. Character.AI has announced the...
Why Walgreens, CVS retail pharmacies are struggling
The abundance of Walgreens and CVS Health stores makes them convenient for whenever Shriya Raghavan, a research associate based in Philadelphia, needs to pick up necessities like gum, deodorant and soap. But she said she often has to wait for employees to unlock...
Circle Proposes New Capital-Risk Framework for Stablecoins
Iris Coleman Aug 16, 2024 11:13 Circle's top financial leaders introduce a risk-based capital framework tailored for stablecoins, addressing unique risks and operational challenges. The rise of tokenized...
HKMA Warns Public of Phishing Scams Impersonating Bank of China (Hong Kong)
Rebeca Moen Aug 16, 2024 12:03 Hong Kong Monetary Authority alerts public about phishing scams involving fake instant messages related to Bank of China (Hong Kong) Limited. The Hong Kong Monetary Authority...
Cronos (CRO) Unveils zkEVM Developers Portal to Streamline Dapp Creation
Caroline Bishop Aug 16, 2024 13:05 Cronos (CRO) introduces the zkEVM Developers Portal, providing APIs to streamline decentralized app development on its zkEVM blockchain. Cronos (CRO) has launched the Cronos...
Manchester United Launches Limited Edition Player Trading Cards on Tezos
Rebeca Moen Aug 16, 2024 15:04 Manchester United releases exclusive digital player trading cards on Tezos, revolutionizing fan engagement with real-time updates and a Web3 fantasy football game. Manchester...
FX week in review: Sports partnerships, FXTB fine, Saxo trading volumes, FXFlat sold, ACY IPO plans, MT4/MT5 prop firm trouble
The dawn of the new football season in Europe has brought with it a number of new partnerships and sponsorships from Retail FX and CFDs brokers, with firms such as CFI, Axi, Spreadex, Equiti, ZERO Markets, and TrioMarkets inking new deals. Sports sponsorship has...
FM Sitharaman bats for critical multilateral development banks reforms, ET BFSI
New Delhi: India Saturday made a case for reform in multilateral development banks (MDBs) to allow them mobilise additional funds to help developing countries meet their development needs and address global challenges."It is critical that the financing requests made...
LangChain Enhances Integration Docs with Standardized Pages and Improved API References
Ted Hisokawa Aug 16, 2024 15:49 LangChain revamps integration docs with a standardized format and enhanced API references for faster information retrieval. A large part of the LangChain ecosystem is its...
Amid deposit mobilisation challenges, Canara Bank on expansion mode: CEO, ET BFSI
Canara Bank chief executive and managing director K Satyanarayana Raju on Saturday said here that the bank is concentrating on expanding its business by launching new branches as deposit mobilisation has become a challenge in India nowadays. The chief executive noted...
Blinken to arrive in Israel as U.S. pushes for Gaza ceasefire
U.S. Secretary of State Antony Blinken talks onboard the plane during his visit to Israel as he departs en route to Jordan, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in Tel Aviv, Israel November 3, 2023. Jonathan Ernst |...
Immutable (IMX) Integrates zkEVM with Fireblocks, Expanding Global Access for Web3 Gaming
Timothy Morano Aug 17, 2024 01:48 Immutable (IMX)'s integration with Fireblocks will enhance digital asset management for games, builders, and DeFi projects, offering global access to Immutable zkEVM. Immutable...
Speculators flip Japanese Yen bets into 1st bullish position since March 2021 :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 13th and shows a quick view of how large market...
Binance Launches Refer2Earn Campaign with 100,000 USDC Reward Pool
Luisa Crawford Aug 17, 2024 02:16 Binance introduces a limited-time referral campaign, Refer2Earn, offering up to 1,550 USDC in rewards for eligible users. The total reward pool is 100,000 USDC. Binance, the...
Nisus Finance Services Co Limited Files DRHP With BSE SME, BFSI News, ET BFSI
PNNMumbai (Maharashtra) [India], August 17: Nisus Finance Services Co. Limited (Nifco, the Company), engaged in Fund and Asset Management and Transaction Advisory Services, has filed its Draft Red Herring Prospectus with the BSE SME in preparation for its IPO. The IPO...
FM Nirmala Sitharaman to meet PSU Banks, RRBs heads for performance review on August 19, ET BFSI
New Delhi [India], August 18 (ANI): Union Finance Minister Nirmala Sitharaman is set to convene a crucial review meeting at Vigyan Bhawan on Monday to assess the performance of Public Sector Banks (PSBs) and Regional Rural Banks (RRBs).This meeting aims to evaluate...
Are banks open or closed on Monday, August 19?, ET BFSI
Banks in some states will be closed on Monday, August 19, for Raksha Bandhan, Jhulana Purnima, and Bir Bikram Kishore Manikya Bahadur's birthday. Throughout August, both public and private sector banks in India will be closed for up to 13 days.August 2024 bank...
Crypto Insider Reveals The Top 4 Altcoins To Buy If You Want To Become A Millionaire (ETFSwap (ETFS), Dogecoin(DOGE), Shiba Inu (SHIB), And Bonk (BONK)
As the cryptocurrency market continues to evolve, savvy investors are on the lookout for promising altcoins that could lead them to millionaire status. 4 altcoins that are generating buzz among crypto insiders are; ETFSwap (ETFS), Dogecoin (DOGE), Shiba Inu (SHIB),...
Speculator Bets led by VIX :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 13th and shows a quick view of how large traders...
Binance Futures to Introduce USDⓈ-Margined SYN Perpetual Contract with 50x Leverage
Darius Baruo Aug 17, 2024 02:52 Binance Futures will launch the SYNUSDT Perpetual Contract on August 16, 2024, offering up to 50x leverage to enhance trading options. Binance Futures is set to expand its trading...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Aug 17, 2024 19:17 UTC | Updated: Aug 17, 2024 at 19:17 UTC By Clark The cryptocurrency market is witnessing a resurgence of optimism as Cardano (ADA) and Sui (SUI) approach the $1 mark. This surge in confidence among holders reflects broader...
Harris campaign plans $370 million fall ad push in key battlegrounds
Democratic presidential candidate U.S. Vice President Kamala Harris greets audience members at a campaign rally at United Auto Workers Local 900 on August 8, 2024 in Wayne, Michigan. Andrew Harnik | Getty ImagesThe Harris campaign announced on Saturday that it was...
Speculator Bets led by Sugar & Wheat :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 13th and shows a quick view of how large...
HKMA Warns Public About Phishing Emails Impersonating Dah Sing Bank
Iris Coleman Aug 17, 2024 03:04 The Hong Kong Monetary Authority alerts the public to phishing emails impersonating Dah Sing Bank, urging caution and providing safety tips. The Hong Kong Monetary Authority...
The Weekly Bottom Line: Inching Towards a Pivot
U.S. Highlights The July report for the Consumer Price Index showed headline inflation fell below 3% for the first time since March 2021. U.S. retail sales surpassed expectations in July, rising 1.0% month-on-month. Federal Reserve Chair Jerome Powell’s remarks during...
Yen, VIX, 5-Year & Cotton lead Bullish & Bearish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on August 13th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Markets Weekly Outlook – Gold Hits New ATH Ahead of Jackson Hole Symposium
Gold reaches a new all-time high as markets reassess rate cut expectations after evaluating resilient US data. The Jackson Hole Symposium will be a key event next week, with central bankers discussing strategies for growth and monetary policy. It’s a data-heavy week...
Hong Kong Monetary Authority Reviews Currency Board Operations Amidst Global Economic Divergence
Alvin Lang Aug 17, 2024 04:03 The Hong Kong Monetary Authority (HKMA) discusses the stability of the HKD and economic challenges in its latest Currency Board Sub-Committee meeting. The Hong Kong Monetary...
Speculator Bets led by SOFR 3-Months & US Treasury Bonds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 13th and shows a quick view of how large...
SFC Proposes Abolition of Mixed Media Offers
Peter Zhang Aug 17, 2024 04:45 The SFC has initiated a consultation on proposals to abolish mixed media offers, aiming to streamline the investment process. The Securities and Futures Commission (SFC) has...
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF’s rebound from 0.9209 extended to as high as 0.9579 last week before retreating. Initial bias is turned neutral this week first for some consolidations. Further rally is expected as long as 0.9448 support holds. Sustained break of 55 D EMA (now at 0.9593) will...
Speculator Bets led by Gold & Platinum :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 13th and shows a quick view of how large traders...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD’s correction from 1.7180 short term top continued last week, but downside is contained above 1.6474 support so far. Initial bias remains neutral this week first, and further rally is in favor. On the upside, above 1.6745 will argue that the pullback has...
Canaan Inc. to Participate in Rosenblatt’s Technology Summit on AI and Bitcoin Mining
Darius Baruo Aug 17, 2024 05:18 Canaan Inc. announces participation in Rosenblatt's 4th Annual Technology Summit, focusing on AI and Bitcoin mining ASICs. Canaan Inc. (NASDAQ: CAN), a prominent provider of...
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP’s correction from 0.8624 extended lower last week after interim recovery. Initial bias stays on the downside this week for 100% projection of 0.8624 to 0.8530 from 0.8591 at 0.8497, which is close to 55 D EMA (now at 0.8494). Strong support should be seen...
Mi Primer Bitcoin Expands Global Bitcoin Education Efforts Through Decentralized Network
Lawrence Jengar Aug 17, 2024 05:45 Mi Primer Bitcoin aims to educate 100,000 students globally by leveraging its decentralized Light Node network across 20+ countries. Mi Primer Bitcoin, a nonprofit organization...
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY’s rebound from 154.40 extended to 163.86 last week before forming a temporary top there. Initial bias is turned neutral this week for some consolidations. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second...
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY’s rebound from 180.00 extended to 191.99 last week before forming a temporary top there. Initial bias this week is turned neutral for consolidations first. Above 191.99 will target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the...
Effective Social Media Strategies for Startups: A Practical Guide
Felix Pinkston Aug 17, 2024 06:50 Learn practical social media strategies for startups, including tools to measure qualitative and quantitative success, and tips for engaging with the right audience. Startups...
AUD/USD Weekly Report – Action Forex
AUD/USD’s rally from 0.6348 extended higher last week and with late break of 0.6642 temporary top, initial bias is back on the upside this week. Further rise should be seen to 0.6798 resistance next. On the downside, below 0.6569 minor support will turn bias to the...
Exploring the Potential of Decentralized Science (DeSci) in Modern Research
Tony Kim Aug 17, 2024 08:32 Decentralized Science (DeSci) leverages blockchain to promote transparency, collaboration, and open access in scientific research, addressing the centralization issues of traditional science. ...
Finance Minister Nirmala Sitharaman, ET BFSI
India is open to exploring more ways to increase its collaboration with the International Monetary Fund (IMF), Finance Minister Nirmala Sitharaman said during a meeting with IMF's First Deputy Managing Director Gita Gopinath on Saturday. During the meeting, Gopinath...
USD/CHF Weekly Outlook – Action Forex
USD/CHF’s rebound from 0.8431 extended to 0.8747 last week, but failed to sustain above 38.2% retracement of 0.9223 to 0.8431 at 0.8734 and retreated. Initial bias remains neutral this week first. On the upside, sustained break of 0.8734 will extend to 61.8%...
Exploring Binary Options on Injective: A Comprehensive Analysis
Caroline Bishop Aug 17, 2024 09:16 Discover how Injective's binary options markets offer developers robust tools for creating diverse decentralized applications (dApps). Injective (INJ)provides a suite of...
Polaris Dawn mission launch date, details
Polaris Dawn commander Jared Isaacman during spacesuit testing.John Kraus / Polaris ProgramSpaceX is preparing to launch its next private mission by the end of the month, featuring the first attempt to have the astronauts step out into space.The Polaris Dawn mission —...
Sebi proposes expansion of sustainable fin framework in securities market, ET BFSI
New Delhi, Markets regulator Sebi has proposed expansion of the sustainable finance framework in the securities market by introducing a new category of financial instruments. This category will include Social Bonds, Sustainable Bonds, and Sustainability-linked Bonds...
USD/JPY Weekly Outlook – Action Forex
USD/JPY’s rebound from 141.67 extended higher last week but failed to break through 38.2% retracement of 161.94 to 141.67 at 149.41 and retreated. Initial bias remains neutral this week first. On the downside, break of 146.06 minor support will suggest rejection by...
New privacy battle is underway as tech gadgets capture our brain waves
Nomadsoul1 | Istock | Getty ImagesThe question "What is a thought?" is no longer strictly a philosophical one. Like anything else measurable, our thoughts are subject to increasingly technical answers, with data captured by tracking brainwaves. That breakthrough also...
EUR/USD Weekly Outlook – Action Forex
EUR/USD retreated after edging higher to 1.1046 last week but stayed in range above 1.0880 support. Initial bias remains neutral this week for consolidations, and further rally is in favor. On the upside, firm break of 100% projection of 1.0665 to 1.0947 from 1.0776...
GAMEE Secures Investment from TON Ventures to Enhance Web3 Integration
Timothy Morano Aug 17, 2024 12:08 GAMEE, a subsidiary of Animoca Brands, receives investment from TON Ventures to integrate TON-based digital assets and expand its Web3 gaming ecosystem. GAMEE, a high-engagement...
FPIs remain net sellers at Rs 21,201 crore in first fortnight of August. Here’s why, ET BFSI
Foreign portfolio investors (FPIs) were net sellers of Indian equities in the first fortnight in August, offloading shares worth Rs 21,201 crore. The total investments by them now stand at Rs 14,365 crore, so far this year.In July, FPIs bought domestic shares worth Rs...
Neeraj Seth, BlackRock, ET BFSI
Neeraj Seth, CIO & Head-APAC Fundamental Fixed Income, BlackRock, says mixed US economic data is telling us that we are in that late cycle of economic growth. The economy is slowing down, but it is a gradual slowing. It is not falling off the cliff. But trying to...
The rising trend in nonalcoholic drinks is functionality
Mimi Lam, co-founder and chief executive officer of Superette, arranges cannabis-infused beverages at the Superette Sip 'N' Smoke cannabis dispensary in Toronto, Ontario, Canada, on Monday, Oct. 25, 2021. Della Robbins | Bloomberg | Getty ImagesMore Americans are...
Markets Roar Back as Recession Fears Fade, Safe Havens Crumble
The past few weeks highlighted the volatility of global financial markets and how quickly investor sentiment can shift. The sharp selloff in US markets, driven by fears of an impending recession, now appears significantly overdone in light of last week’s robust...
GBP/USD Weekly Outlook – Action Forex
GBP/USD’s strong rally last week indicates that correction from 1.3043 has completed at 1.2664 already ahead of 1.2612 support. Initial bias remains on the upside this week for retesting 1.3043. Firm break there will resume whole rise from 1.2998 to 61.8% projection...
Integrating USDC Payments with Wagmi and Programmable Wallets
Peter Zhang Aug 17, 2024 11:28 Learn how to integrate USDC payments into your e-commerce platform using Wagmi and Circle's Programmable Wallets for seamless and instant transactions. In the rapidly evolving...
Understanding Fixed Deposits and FD Calculation Methods, BFSI News, ET BFSI
Mumbai, Maharashtra, India (NewsVoir) Fixed Deposits (FDs) have long been a preferred investment option among Indian investors, providing a straightforward way to grow wealth with predictable returns. Shriram Finance, a trusted name in the NBFC space, offers investors...
AssemblyAI Enhances Speaker Diarization Model and Releases New Tutorials
Tony Kim Aug 17, 2024 10:55 AssemblyAI updates its Speaker Diarization model for better accuracy and multilingual support, alongside new tutorials for developers. AssemblyAI has recently unveiled significant...
USD/CAD Weekly Outlook – Action Forex
USD/CAD’s fall from 1.3946 short term top extended lower last week, and with the late break of 1.3688 temporary low, initial bias is back on the downside, Deeper decline should be seen to 1.3588 support. On the upside, above 1.3737 minor resistance will turn intraday...
RBI approves former SBI DMD Salee Nair as TMB CEO, BFSI News, ET BFSI
MUMBAI: Reserve Bank of India (RBI) has approved the appointment of former State Bank of India (SBI) deputy managing director (DMD) Salee Sukumaran Nair for a three year term, the bank in a stock market notice.Nair retired from SBI as DMD and chief credit officer...
Andreessen Horowitz (a16z) Updates on Investment Portfolio
Lawrence Jengar Aug 17, 2024 10:35 Andreessen Horowitz (a16z) releases updates on its investment portfolio, highlighting past and current investments, acquisitions, and public offerings. Andreessen Horowitz...
Summary 8/19 – 8/23
Monday, Aug 19, 2024 Tuesday, Aug 20, 2024 Wednesday, Aug 21, 2024 Thursday, Aug 22, 2024 Friday, Aug 23, 2024 The post Summary 8/19 – 8/23 appeared first on Action Forex.
Karnataka pauses its circular for 15 days after two banks pledge to resolve issue, ET BFSI
BENGALURU: Chief Minister Siddaramaiah on Friday asked the Finance department to keep its August 12 circular asking all departments, universities, PSUs and local bodies to withdraw their deposits from State Bank of India (SBI) and Punjab National Bank (PNB) and end...
Eco Data 8/19/24 – Action Forex
Eco Data 8/19/24 - Action Forex GMT Ccy Events Actual Forecast Previous Revised 22:30 NZD Business NZ PSI Jul 40.2 23:50 JPY Machinery Orders M/M Jun 0.90% -3.20% GMT Ccy Events 22:30 NZD...
OpenAI Shuts Down Covert Iranian Influence Operation Leveraging ChatGPT
Rongchai Wang Aug 17, 2024 09:56 OpenAI has taken action against accounts linked to a covert Iranian influence operation using ChatGPT to generate content on various topics. OpenAI has recently taken decisive...
Eco Data 8/20/24
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Karur Vysya Bank announces lowering of lending rates, BFSI News, ET BFSI
Kolkata: Karur Vysya Bank announced lowering of lending rates on Friday, a day after the country's largest lender State Bank of India made loans costlier.The private sector lender reduced its repo linked external benchmark rate by 15 basis points to 9.90%. The new...
Eco Data 8/21/24
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Apple opens NFC technology to developers for in-app contactless transactions, ET BFSI
Apple is starting with iOS 18.1, developers will gain access to its near-field communication (NFC) technology, allowing them to integrate contactless transactions directly into their apps. This move marks a significant shift from the company’s previous policy of...
A Comprehensive Guide to Getting Started with Sui (SUI)
Joerg Hiller Aug 17, 2024 08:50 Learn how to set up a wallet, use on-ramps, and bridge assets to get started with the Sui (SUI) ecosystem. Setting up a wallet and accessing SUI are often the first steps in...
NII, NIM, CRR — what do these key banking terms mean?, ET BFSI
As India's banking sector continues to evolve, understanding the intricacies of banking terminology has become essential for individuals and businesses alike. From NIM to NPA, and CRR to CASA, the world of banking is filled with acronyms and jargon that can leave even...
Eco Data 8/22/24
The post Eco Data 8/22/24 appeared first on Action Forex.
How Branded Merchandise & Giveaways Can Power Your Small Business Marketing Strategy
How Branded Merchandise & Giveaways Can Power Your Small Business Marketing Strategy - Small Business Bonfire Home » Branding » How Branded Merchandise & Giveaways Can Power Your Small Business...
Stellar (XLM) Introduces Composable Data Platform for Enhanced Data Access
Alvin Lang Aug 17, 2024 07:13 Stellar (XLM) unveils its Composable Data Platform, aiming to revolutionize data access and distribution across its blockchain network. Stellar (XLM) has announced the launch of its...
Gold loan demand rises despite cash based disbursement curbs & price fluctuation, ET BFSI
MUMBAI: The demand for an analysis by rating agency Crisil showed that gold loans grew more than 20% in June over May 2024.Most banks and NBFC have maintained an LTV ratio of 60-65% despite regulatory requirement of 75% which gave them a cushion when gold prices fell...
RBI’s forex reserves fall $4.8 bn to $670 bn in week ended August 9, ET BFSI
The Reserve Bank of India’s foreign exchange reserves declined by $4.8 billion to $670.12 billion in the week ended August 9, with the central bank likely selling dollars in order to prevent excessive volatility in the exchange rate amid global market volatility.The...
Epic Systems customers will all use TEFCA to exchange health records
The eponymous sign outside Epic headquarters in Verona, Wisconsin.Source: Yiem via Wikipedia CCEpic Systems, the health-care software giant whose technology is used in thousands of hospitals and clinics across the country, said on Friday that it's planning on moving...
UAW president slams Stellantis CEO over job cuts, alleged price gouging
UAW President Shawn Fain chairs the 2023 Special Elections Collective Bargaining Convention in Detroit, Michigan, U.S., March 27, 2023. Rebecca Cook | ReutersDETROIT – United Auto Workers President Shawn Fain ratcheted up criticism of Stellantis CEO Carlos Tavares in...
Donald Trump could receive massive amount of funds from Adelson
Billionaire Republican megadonor Miriam Adelson appears to have a blank check policy when it comes to her support of former President Donald Trump, as she aims to help get him back to the White House.Adelson's political aide Andy Abboud was overheard telling attendees...
Eco Data 8/23/24
The post Eco Data 8/23/24 appeared first on Action Forex.
Pantera Capital Explores Investment in NPC Labs’ B3 Platform
Lawrence Jengar Aug 17, 2024 07:54 Pantera Capital announces a strategic investment in B3, a platform by NPC Labs, aimed at advancing blockchain technology. Pantera Capital, a leading blockchain investment firm,...
Judge temporarily blocks sports streaming service Venu, ruling in favor of Fubo TV on antitrust concerns
A detail view of a broadcast camera is seen with the NFL crest and ESPN Monday Night Football logo on it during a game between the Chicago Bears and the Minnesota Vikings at Soldier Field in Chicago on Dec. 20, 2021.Icon Sportswire | Icon Sportswire | Getty ImagesA...
Spider Tanks Introduces ‘Tracks’: A Retro-Inspired Tank Body
Rongchai Wang Aug 16, 2024 17:51 Gala Games unveils 'Tracks,' a new tank body in Spider Tanks, featuring high energy gain and unique directional drive system. The latest addition to Gala Games' popular game...
Byron Allen draws ABC, CBS and NBC ire with late payments
Byron Allen, founder, chairman, and CEO of Entertainment Studios and Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | Afp | Getty ImagesBroadcast stations owned by Byron Allen —...
USD/CHF Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8666; (P) 0.8707; (R1) 0.8768; More…. Intraday bias in USD/CHF remains on the upside with focus on 38.2% retracement of 0.9223 to 0.8431 at 0.8734. Sustained break there will bring stronger rally to 61.8% retracement at 0.8920, even as a...
Bitcoin extends gain to 4%
Mt. Gox fund liquidation weighed heavily on bitcoin yesterday in what was an otherwise-strong environment for risk assets. It's been a tricky run for bitcoin as it disconnects from the tight correlation to the Nasdaq.I think that connection is ultimately restored and...
‘Deadpool & Wolverine’ is highest-grossing R-rated film of all time
Hugh Jackman and Ryan Reynolds star in Marvel's "Deadpool & Wolverine."DisneyThe trio of Ryan Reynolds, Hugh Jackman and Shawn Levy has captured lightning in a bottle with "Deadpool & Wolverine."As of Thursday, the Disney and Marvel film is the...
BitMEX Lists BANANAUSDT Perpetual Swap with Up to 10x Leverage
Peter Zhang Aug 16, 2024 18:29 BitMEX has launched the BANANAUSDT perpetual swap, allowing traders to leverage up to 10x. Trading began on August 16, 2024. BitMEX has officially announced the listing of the...
Bank credit growth slows while deposit expansion lags, intensifying system-wide challenges, ET BFSI
Credit offtake continues to moderate and is converging with the deposit growth highlighting the system-wide challenge in shoring up deposits.Credit offtake increased by 5.3% compared to December 2023, to reach Rs 168.1 lakh crore as of July 26, 2024. Growth in...
GBP/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.2811; (P) 1.2841; (R1) 1.2884; More… GBP/USD’s rise from 1.2664 resumed after brief consolidations and intraday bias is back on the upside. As noted before, pullback from 1.3043 could have completed at 1.2664 already. Further rally should be seen...
Amazon’s drone expansion plans spur pushback from Texas residents
An Amazon delivery drone is on display at Amazon's BOS27 Robotics Innovation Hub in Westborough, Massachusetts, on Nov. 10, 2022.Joseph Prezioso | AFP | Getty ImagesOn a recent weekday morning, John Case heard a familiar buzzing outside his quiet suburban home in...
Copper Is in a Full Bear Market :: InvestMacro
Source: Michael Ballanger (8/14/24)Even though copper prices bottomed on Thursday, Michael Ballanger of GGM Advisory Inc. still thinks Freeport-McMoRan Inc. (FCX:NYSE) is a Buy. Freeport-McMoRan Inc. (FCX:NYSE)Copper prices bottomed on Thursday, August 8, right before...
What are HDFC Bank stock prospects after MSCI rebalancing?, BFSI News, ET BFSI
The HDFC Bank stock saw a drop after MSCI revealed an increase in weight of the stock below market expectations.The MSCI said that HDFC Bank’s weight in the index will be increased in two phases, with a modest 25 basis points adjustment in the upcoming rebalancing on...
USD/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 147.76; (P) 148.58; (R1) 150.09; More… Immediate focus stays on 38.2% retracement of 161.94 to 141.67 at 149.41. Decisive break there will bring stronger rally to 61.8% retracement at 154.19, even as a corrective move. On the downside, break of...
Gala Games Unveils New Hero Card for The Walking Dead: Empires
Jessie A Ellis Aug 16, 2024 17:18 Gala Games introduces Eleonore, a new hero for The Walking Dead: Empires, with a card sale starting on August 16th. Gala Games has announced the addition of a new hero to its...
NAS100 set for Jackson Hole shake up? :: InvestMacro
NAS100 ↑ 13% from August lowFriday speech by Fed Powell to impact Fed cut betsWatch out for FOMC minutes mid-weekIndex trading roughly 7% away from all-time highKey levels – 18400, 19500, 20100It’s that time of the year again with the annual Jackson Hole Economic...
Binance Futures Announces 30,000 USDC Prize Pool in New Promotions
Lawrence Jengar Aug 16, 2024 16:40 Binance Futures introduces three promotions with a 30,000 USDC prize pool, offering loss protection for new traders and rewards for trading volume. Binance Futures has unveiled...
RBI bars NBFC-P2P to flex features like assured returns, liquidity options, ET BFSI
RBIIn a bid to improve the transparency and compliance, the Reserve Bank of India (RBI) on Friday tightened norms for Non Banking Financial Company-Peer to Peer (NBFC-P2P) Lending Platforms. The central bank has issued a set of revised guidelines, a move in response...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 147.76; (P) 148.58; (R1) 150.09; More… Intraday bias in USD/JPY is turned neutral as it retreated after failing to break through 38.2% retracement of 161.94 to 141.67 at 149.41. On the downside, break of 146.06 minor support will suggest rejection...
Ethereum Developers Discuss Pectra Upgrade and EIP 7732 in Latest Core Call
James Ding Aug 16, 2024 16:23 Ethereum developers convene for ACDE Call #194, discussing Pectra upgrade, EIP 7732, and pre-Merge tech debt reduction. On August 15, 2024, Ethereum protocol developers convened...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8666; (P) 0.8707; (R1) 0.8768; More…. Intraday bias in USD/CHF is turned neutral first as it retreated after hitting 0.8747. On the upside, sustained break of 38.2% retracement of 0.9223 to 0.8431 at 0.8734 will extend the rebound from 0.8431 to...
International students will offer a big boost to the US economy this back-to-school season :: InvestMacro
By Barnet Sherman, Boston University Of the millions of young adults heading off to college this fall, many will be international students. If trends continue, about 1 million students from around the world will come to the U.S. to pursue higher education this...
SBI-led banks key to IBC case against Jaiprakash Associates, BFSI News, ET BFSI
MUMBAI: State Bank of India (SBI), ICICI Bank and IDBI Bank hold the key to the Jaiprakash Associates (JAL) insolvency resolution with admitted claims of more than Rs 51,000 crore, one of the biggest cases since the Insolvency and Bankruptcy Code (IBC) came into force...
Cadillac reveals new ‘Opulent Velocity’ performance EV concept
Cadillac Opulent Velocity concept EVCadillacDETROIT — General Motors on Friday revealed a new all-electric Cadillac concept car designed to preview how the automaker plans to keep its high-performance V-Series vehicles relevant for EVs.The vehicle is called "Opulent...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0942; (P) 1.0980; (R1) 1.1010; More….. EUR/USD is staying in consolidation below 1.1046 and intraday bias remains neutral. Another rally is in favor as long as 1.0880 support holds. Firm break of 100% projection of 1.0665 to 1.0947 from 1.0776 at...
Offshore wind farms connected by an underwater power grid for transmission could revolutionize how the East Coast gets its electricity :: InvestMacro
By Tyler Hansen, Dartmouth College; Abraham Silverman, Johns Hopkins University; Elizabeth J. Wilson, Dartmouth College, and Erin Baker, UMass Amherst Offshore winds have the potential to supply coastlines with massive, consistent flows of clean electricity. One study...
RBI fines Poonawalla, Hinduja for pre-dated interest charge, KYC norms, ET BFSI
RBI fines Poonawalla, Hinduja for pre-dated interest charge, KYC normsTwo key NBFCs faced the heat of the Reserve Bank of India (RBI) as they wered fined by the central bank over violations of fair practices and KYC norms.A monetary penalty of Rs 10 lakh has been...
Bitfinex Launches Brand Hub for Latest Logos and Branding Guidelines
Rongchai Wang Aug 16, 2024 15:31 Bitfinex introduces a new Brand Hub, offering the latest logos and branding guidelines for media and public use. Bitfinex has unveiled a new Brand Hub designed to provide the...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2811; (P) 1.2841; (R1) 1.2884; More… Intraday bias in GBP/USD remains on the upside for retesting 1.3043 high. Decisive break there will resume whole rally from 1.2998 to 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is close...
What is mpox? A microbiologist explains what’s known about this smallpox cousin :: InvestMacro
By Rodney E. Rohde, Texas State University On Aug. 14, 2024, the World Health Organization declared mpox a public health emergency of international concern. There have been over 15,600 cases and over 530 deaths reported in the Democratic Republic of the Congo and...
Weekly Focus – From Fear of Inflation to Fear of Slowdown
Over the summer, we have seen big moves in financial markets largely reflecting conflicting views of the US economy. During the first half of 2024, markets were often driven by concerns about persistently high US inflation and the implication that it would be...
Canara Bank jumps at opportunity to tap deposits as Karnataka snaps ties with SBI, PNB, ET BFSI
Bengaluru-headquartered Canara Bank has drawn up a strategy and assigned a team of top officials to tap funds the Karnataka Government has decided to withdraw from the State Bank of India (SBI) and Punjab National Bank (PNB) to shore up its deposits.“I held a detailed...
IBM Research Explores Generative AI for Business Applications
Ted Hisokawa Aug 16, 2024 14:25 IBM Research focuses on trustworthy generative AI models and infrastructure to tackle business challenges, addressing scalability and reliability issues. Generative AI is making...
Week Ahead – Jackson Hole and PMIs Enter the Spotlight
As recession fears ease, investors lock gaze on Jackson Hole Eurozone and UK PMIs to affect ECB and BoE expectations Canadian inflation could back third consecutive BoC cut Japan’s Nationwide CPI data also on the agenda Jackson Hole to test overly dovish Fed cut bets...
AUD/USD climbs as RBA maintains firm stance on interest rates :: InvestMacro
By RoboForex Analytical DepartmentThe Australian dollar (AUD) is witnessing a rise against the US dollar (USD) for the second consecutive day, reaching 0.6629. This upward movement is bolstered by the Reserve Bank of Australia’s (RBA) current policy stance. RBA...
Revised balance sheet, ET BFSI
New Delhi, IL&FS Financial Services (IFIN), a group company of debt-ridden IL&FS Ltd, has incurred a cumulative loss of Rs 5,654 crore for the five-consecutive fiscals -- from FY14 to FY18, according to the revised balance sheet of the firm undergoing...
Binance Announces $40,000 TON Token Voucher Spot Trading Tournament
Felix Pinkston Aug 16, 2024 14:02 Binance launches a spot trading tournament with a $40,000 TON token voucher prize pool. Participants must trade selected tokens during the promotion period. Binance, one of the...
XAUUSD: Formation of Bullish Pattern: Signs of Trend Continuation
Bearish Scenario: Sell positions below 2470 with TP1: 2463, TP2: 2460, TP3: 2456 intraday, with a stop loss above 2473 or at least 1% of the account capital. Bullish Scenario: Buy positions after a pullback above 2460 with TP1: 2470, TP2: 2480, and TP3: 2490 in...
Robinhood Markets, Inc. Reveals July 2024 Operating Metrics
Darius Baruo Aug 16, 2024 13:26 Robinhood Markets, Inc. (NASDAQ: HOOD) reports July 2024 operating data, highlighting growth in funded customers, assets under custody, and trading volumes. Robinhood Markets,...
India cenbank tightens rules for peer-to-peer lending platforms, ET BFSI
MUMBAI - India's central bank on Friday tightened norms for peer-to-peer (P2P) lending platforms as some of these entities have violated regulations.P2P lending sidesteps banks and financial institutions by connecting individual lenders with borrowers.Such platforms...
How Trump’s intimidation tactics have reshaped the Republican Party
Republican Presidential nominee and former President Donald J. Trump holds campaign rally at the Van Andel Arena in Grand Rapids, Michigan on July 20, 2024.Bill Pugliano | Getty Images News | Getty ImagesWhen U.S. congressman Tom Rice voted to impeach Donald Trump for...
Private jet flights: Covid-era demand wanes
A Gulfstream G-IV private jet flies past clouds at sunset on approach to Washington's Reagan National Airport on June 12, 2024, in Arlington, Virginia.J. David Ake | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert...
VT Markets becomes sponsor of Newcastle United FC
English Premier League football club Newcastle United FC has announced that it has agreed a multi-year partnership with VT Markets, an online financial trading platform. The Australia-based broker becomes the club’s Official Financial Trading Partner. VT Markets will...
Mahindra Finance appoints new CBO and CCO, BFSI News, ET BFSI
Mahindra Finance on Friday announced two senior leadership appointments viz. Bijoy Thaplial as the Chief Business Officer – Leasing, Partnerships, and Payments and Mod Narayan Singh as Chief Compliance Officer (CCO). The appointments will reinforce Mahindra Finance’s...
Yen and Swiss Franc Recover as Benchmark Yields Ease
As the US session gets underway, both Yen and Swiss Franc are beginning to recover, aided by the slight pullback in benchmark Treasury yields in the US and Europe. This recovery comes after a tough week for the two safe-haven currencies, which have been the worst...
Gilead alleges drug counterfeiting operation at NYC pharmacies
Gilead HIV prescription bottles seized at Best Scripts pharmacy.Courtesy: Gilead SciencesGilead Sciences says it uncovered a dangerous drug-counterfeiting operation in which its HIV medications were tampered with and improperly resold before reaching patients.The...
The German DAX Index has risen for 8 consecutive sessions. Malaysia’s GDP shows strong growth :: InvestMacro
By JustMarketsOn Thursday, the Dow Jones (US30) Index gained 1.61%, while the S&P 500 (US500) Index closed 1.39% higher. The NASDAQ Technology Index (US100) closed yesterday positive 2.34%. Signs of a strengthening US economy are driving stocks higher today after...
AUD/USD Climbs as RBA Maintains Firm Stance on Interest Rates
The Australian dollar (AUD) is witnessing a rise against the US dollar (USD) for the second consecutive day, reaching 0.6629. This upward movement is bolstered by the Reserve Bank of Australia’s (RBA) current policy stance. RBA Governor Michelle Bullock emphasized...
Karnataka suspends transactions with SBI and PNB over alleged embezzlement, ET BFSI
Mumbai/Bengaluru: A day after Karnataka finance department announced its decision to halt all transactions with State Bank of India (SBI) and Punjab National Bank (PNB) over alleged embezzlement of govt funds deposited with these financial entities, both the banks...
GeForce NOW and CurseForge Enable Mod Support for ‘World of Warcraft: The War Within’
Jessie A Ellis Aug 16, 2024 12:29 GeForce NOW collaborates with CurseForge to bring mod support to 'World of Warcraft: The War Within' in the cloud. Explore new addons and features. GeForce NOW members can now...
British fintech Revolut valued at $45 billion in secondary share sale
Revolut cards are seen in this illustration photo taken in Krakow, Poland on March 29, 2024.Jakub Porzycki | Nurphoto | Getty ImagesBritish fintech startup Revolut on Friday said that it was valued at $45 billion in a secondary share sale with existing and new...
Euro Edges Higher, US Dollar Under Pressure
The euro has edged higher on Friday. In the European session, EUR/USD is trading at 1.0994, up 0.21% on the day at the time of writing. The US dollar is under pressure and the euro rose as much as 1.2% this week before paring about half of those gains. On Wednesday,...
FCA cancels permission of Wolverhampton Wanderers Football Club (1986) Limited
The UK Financial Conduct Authority (FCA) has cancelled the permission and withdrawn the authorisation of Wolverhampton Wanderers Football Club (1986) Limited. The reason for this action is that the Authority considers the firm is carrying on no regulated activities to...
What are the minimum balance charges of savings account? HDFC Bank vs ICICI Bank vs PNB vs SBI vs Yes Bank compared, ET BFSI
Maintaining a minimum balance in your savings bank account is important since many banks charge customers in case they fail to maintain a minimum balance. This requirement ensures that account holders maintain a certain level of funds, which helps cover the cost of...
New Zealand Dollar Stems Slide
The New Zealand dollar has rebounded on Friday after a 1.4% slide over the past two days. NZD/USD is trading at 0.6017, up 0.70% in the European session at the time of writing. Solid US numbers raises risk appetite Exactly two weeks ago, a soft employment report out...
NVIDIA NIM Microservices Enhance LLM Inference Efficiency at Scale
Luisa Crawford Aug 16, 2024 11:33 NVIDIA NIM microservices optimize throughput and latency for large language models, improving efficiency and user experience for AI applications. As large language models (LLMs)...
These 8 banks have revised loan interest rates in August, ET BFSI
The Reserve Bank of India (RBI) kept the repo rate unchanged at 6.50 percent at the latest monetary policy meeting. Many lenders have revised their marginal cost of lending rates (MCLR). Under the marginal cost-based lending rates (MCLR) regime, banks modify their...
Tax cuts, housing incentives, more price caps
U.S. Vice President Kamala Harris delivers remarks on Medicare drug price negotiations, at an event with U.S. President Joe Biden in Prince George's County, Maryland, U.S., August 15, 2024. Elizabeth Frantz | ReutersVice President Kamala Harris on Friday will unveil a...
EUR/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.0942; (P) 1.0980; (R1) 1.1010; More….. Intraday bias in EUR/USD remains neutral and more consolidations would be seen below 1.1046. But another rally is in favor as long as 1.0880 support holds. Firm break of 100% projection of 1.0665 to 1.0947...
Streaming is getting more expensive for consumers. Here’s why
Jaque Silva | SOPA Images | Lightrocket | Getty ImagesStreaming is finally starting to pay off for media companies, but there's a catch — to get there, consumers are facing higher subscription costs and increasingly frequent price hikes.Legacy media companies entered...
Uniswap (UNI) Announces $2.35M Prize Pool for v4 Security Competition
Joerg Hiller Aug 16, 2024 10:37 Uniswap (UNI) Labs teams up with Uniswap Foundation and Cantina to host the largest DeFi security competition with a $2.35M prize pool. Uniswap (UNI) Labs, in collaboration with...
NVIDIA Unveils Pruning and Distillation Techniques for Efficient LLMs
Rebeca Moen Aug 16, 2024 10:55 NVIDIA introduces structured pruning and distillation methods to create efficient language models, significantly reducing resource demands while maintaining performance. Large...
Real estate creditors see Rs 3.4 lakh crore recoveries under IBC, ET BFSI
The Insolvency and Bankruptcy Code (IBC) has facilitated the resolution of 46% of the insolvency cases admitted in the real estate sector as of June 2024, according to data from the Insolvency and Bankruptcy Board of India (IBBI). Out of 1,400 insolvency cases...
USD/JPY Analysis: Rate Surpasses 149 Yen Per Dollar
As the USD/JPY chart indicates, the rate has risen approximately 5.4% above the August 5 low. On one hand, the yen’s weakening against the U.S. dollar is partly driven by rumours that the Bank of Japan might intervene not to support the weak yen (as when the rate was...
Market Analysis: Gold and Oil Prices Aim For Further Gains
Gold price started a fresh increase above the $2,432 resistance level. Crude oil prices are gaining bullish momentum and might even test $80.00. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a steady increase from the $2,400 zone...
Saxo Japan suspends fixed spreads on AUD/JPY
Saxo Bank Securities Co., Ltd., the Japanese subsidiary of multi-asset investment specialist Saxo Bank, today issued a brief notice regarding trading conditions. The broker has decided to suspend fixed spreads on the AUD/JPY currency pair. The change is announced...
Everything You Need to Know about Web Wallet
Cryptocurrency and digital assets such as NFTs have emerged as prominent attractions in the digital landscape. The technical challenges associated with management of digital assets create the need for tools like web wallets. The curiosity to learn web wallet...
Yes Bank appoints veteran banker Sumit Bali to head its retail business, ET BFSI
Indian private lender Yes Bank has appointed veteran banker Sumit Bali to head its retail business and collections, three sources directly familiar with the matter said on Friday.Bali will join Yes Bank from Aug. 26 and report to executive director Rajan Pental, one...
Recovery via IBC up in June quarter at 31.12%, BFSI News, ET BFSI
Recovery from defaulters under the insolvency law rose to 31.12% of the creditors' claims in the June quarter from 25% in the previous three months, showed the data released by the bankruptcy regulator.However, it's marginally lower than the longer-term recovery rate...
NVIDIA NIM Utilized for Advanced Financial Market Scenario Generation
James Ding Aug 16, 2024 09:57 NVIDIA NIM leverages generative AI for advanced financial market scenario generation, aiding risk management and investment decision-making. According to NVIDIA Technical Blog,...
GBP/USD Extends Gains as Retail Sales Bounce Back
The British pound has extended its gains on Friday. GBP/USD is trading at 1.2887 in the European session, up 0.31% on the day at the time of writing. It has been a winning week for the pound, which has climbed 1%. UK retail sales jump in July There was more good news...
FCA fines PwC £15M for failing to alert regulator about suspected fraudulent activity at LCF
The UK Financial Conduct Authority (FCA) has fined PricewaterhouseCoopers LLP (PwC) for failing to report to the regulator their belief that London Capital & Finance plc (LCF) might be involved in fraudulent activity. This is the first time the FCA has fined an...
Shriram Finance in talks with climate-based funds to raise capital for EV financing, ET BFSI
Mumbai: Shriram Finance, the country’s largest auto-focused, non-bank lender, has begun an initial round of discussions with climate focused private equity funds to raise capital for financing electric vehicles. Currently, the share of EVs in the Rs2.33 lakh crore...
Eurozone goods exports fall -6.3% yoy in Jun, goods imports down -8.6% yoy
Eurozone goods exports fell -6.3% yoy to EUR 236.7B in June. Goods imports fall -8.6% yoy to EUR 214.3B. Trade balance showed a EUR 22.3B surplus. Intra-Eurozone trade fell -8.5% yoy to EUR 214.5B. In seasonally adjusted term, goods exports fell -0.2% mom to EUR...
Finance ministry permits 15 securities firms to undertake Aadhaar-based verification of clients, ET BFSI
The finance ministry has permitted 15 securities firms, including SBICAP Securities, IIFL Securities, and Angel One, to conduct Aadhaar authentication of their customers. The Revenue Department under the finance ministry has issued a notification under the Prevention...
BitMEX Launches ATHUSD Perpetual Swap with 10X Leverage
Tony Kim Aug 16, 2024 09:03 BitMEX introduces the ATHUSD perpetual swap, offering traders up to 10x leverage. The new listing is now live for trading. Leading cryptocurrency exchange BitMEX has announced the...
Kroger plans to lower prices by $1 billion after Albertsons merger closes
A Kroger grocery store in Dallas, Texas, US, on Wednesday, Feb. 21, 2024.Shelby Tauber | Bloomberg | Getty ImagesSupermarket chain Kroger plans to lower grocery prices by $1 billion after the completion of its proposed $25 billion merger with smaller rival Albertsons,...
ASX sees net profit decline in FY24
ASX today posted its financial results for the fiscal year to June 30, 2024. ASX delivered FY24 operating revenue of $1.03 billion, a 2.4% increase on the prior corresponding period (pcp) and a record revenue performance for ASX. Performance across ASX’s four lines of...
Special fixed deposit rates approach 9% as banks rush to raise funds, ET BFSI
Amid slow deposit growth, banks in India are increasingly turning to special fixed deposit (FD) schemes to attract funds. RBL Bank and Bandhan Bank launched new FD schemes this week, offering interest rates as high as 8.8% on tenures of 500 days, and one year and nine...
Strong US Retail Sales Send Yields Soaring
In focus today Today we get UK retail sales data for July at 8.00 CET. According to polls from Reuters, analysts expect overall retail sales to grow by 0.5% m/m and retail sales excl. fuels to grow by 0.8% m/m. In the US, the University of Michigan Consumer Sentiment...
RBI moves to drain liquidity as banking surplus persists, BFSI News, ET BFSI
The Reserve Bank of India (RBI) has stepped up its liquidity mop-up efforts in August, conducting variable rate reverse repo (VRRR) auctions almost daily to manage the ongoing surplus in the banking system. This action aligns with the central bank's shift away from...
Indian firms and the impact of Japan’s positive interest rates policy shift, ET BFSI
The move to positive rates, even if minimal, is likely to trigger a gradual repatriation of Japanese capital.In a significant shift that reverberated across global financial markets, the Bank of Japan (BOJ) recently ended its eight-year experiment with negative...
FX option expiries for 16 August 10am New York cut
There are a couple to take note of on the board, as highlighted in bold.And they are both for EUR/USD at the 1.0960 and 1.1000 levels. The latter is the bigger one and arguably of more interest, given similar expiries in the past few days as well. Following the...
New Lincoln Navigator includes spa mode, 48-inch display for gaming
2025 Lincoln NavigatorLincoln Ford Motor is updating its Lincoln Navigator to include a 48-inch front display that can be used as a "sanctuary" for spa lovers and gamers alike.The new feature comes as the automaker has redesigned the exterior and interior of the...
U.S., Brazil back fresh Venezuela election despite government, opposition rebuffs
A man waves a Venezuelan flag as demonstrators clash with police officers during a protest against President Nicolas Maduro's government in Caracas on July 29, 2024, a day after the Venezuelan presidential election. Protests erupted in parts of Caracas Monday against...
Risk-On Sentiment Sweeps Markets, Weighs on Safe Haven Currencies
Yen, Swiss Franc, and to a lesser extent, Dollar are trailing at the bottom of the weekly currency performance chart. Strong risk-on sentiment has swept through the US markets, and the positive momentum continued in Asia. This shift in sentiment was ignited by...
Binance Introduces Toncoin (TON) Super Earn with Special APR for Limited Time
Tony Kim Aug 16, 2024 07:27 Binance announces a limited-time offer for Toncoin (TON) Super Earn, allowing users to earn special APR through Simple Earn Locked Products. Binance has unveiled a new promotion,...
FINRA imposes $225k fine on American Portfolios Financial Services
American Portfolios Financial Services, Inc. has agreed to pay a fine of $225,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). Between January 2019 and August 2022, American Portfolios opened new accounts for multiple customers...
Cybercrime on the Rise: 2024 Mid-Year Crypto Crime Report Highlights
Terrill Dicki Aug 16, 2024 07:56 Chainalysis reports a 20% drop in overall crypto crime in 2024, but stolen funds and ransomware incidents are surging. According to a recent report by Chainalysis, while overall...
Gold-loan NBFCs grow in India despite cash disbursement restriction: Report, ET BFSI
New Delhi, Non-banking financial companies (NBFCs) focusing on gold loans are expected to see reasonable growth in disbursements this fiscal as demand for credit remains strong, a report showed on Friday.A CRISIL Ratings analysis of gold-loan NBFCs found that growth...
India central bank asks banks to push direct rupee-dirham settlement, sources say, ET BFSI
By Nimesh Vora and Jaspreet KalraMUMBAI - The Indian central bank has told banks that deal with the United Arab Emirates (UAE) to settle at least a part of their trade payments directly using the rupee and dirham, according to five banking sources. The Reserve Bank of...
Exclusive: Trading 212 acquires FXFlat
FNG Exclusive… FNG has learned that London/Sofia based online broker Trading 212 has acquired Germany based Retail FX and CFDs broker FXFlat. The parties did not disclose the financial terms of the transaction. Rafael Neustadt FXFlat is a Ratingen, Germany based...
What’s next for Biden’s Medicare drug price negotiations
U.S. President Joe Biden and Vice President Kamala Harris walk out together, at an event on Medicare drug price negotiations, in Prince George's County, Maryland, U.S., August 15, 2024. Ken Cedeno | ReutersThe Biden administration on Thursday reached a milestone in...
‘You know what to do in the stock market’
Eric Schmidt, who led Google for a decade, told Stanford students that, while he's not one to give investment advice, he sees an obvious play in the stock market that doesn't involve buying shares of his former employer.Schmidt said, in a video that was posted by...
Nasdaq 100: Bears May Still Be Lurking Around the Corner
The market seems to be focused now on growth-related macro data rather than inflation risk. Another softer US retail sales may spark another recession aka hard-landing fear. The rise of the VVIX / VIX ratio may see another potential spike in the VIX. Watch the 19,230...
NVIDIA Opens Applications for $60,000 Graduate Fellowship Awards
Terrill Dicki Aug 14, 2024 05:53 NVIDIA's Graduate Fellowship Program is now accepting applications, offering up to $60,000 for doctoral students in AI, machine learning, and more. NVIDIA has announced the...
Lawmakers letter to Meta CEO Mark Zuckerberg about illicit drug ads
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during an interview on "The Circuit with Emily Chang" at Meta headquarters in Menlo Park, California, US, on Thursday, July 18, 2024. Jason Henry | Bloomberg | Getty ImagesA bipartisan group of lawmakers...
US retail sales rose 1% mom in Jul, ex-auto sales up 0.4% mom
US retail sales rose 1.0% mom to USD 709.7B in July, above expectation of 0.3% mom. Ex-auto sales rose 0.4% mom to USD 576.1B, above expectation of 0.1% mom. Ex-gasoline sales rose 1.0% mom to USD 657.1B. Ex-auto& gasoline sales rose 0.4% mom to USD 523.4B. Total...
Spreadex sponsors Sheffield United FC
For the second time this week, financial spread betting and sports betting firm Spreadex is sponsoring a football club in the EFL Championship, the second tier of English football. After earlier reporting that Spreadex was renewing its sponsorship of Watford FC,...
Goldman Sachs jumps into bitcoin ETFs while Morgan Stanley retreats
When the SEC opened the door in January for bitcoin exchange-traded funds to hit the mainstream, many traditional financial institutions across Wall Street and beyond finally had the opportunity to buy into crypto. Since then, money has poured in, but in fits and...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0981; (P) 1.1014; (R1) 1.1046; More….. Intraday bias in EUR/USD is turned neutral with current steep retreat. Some consolidations would be seen first. But another rally is in favor as long as 1.0880 support holds. Firm break of 100% projection of...
United CEO expresses ‘renewed confidence’ in Boeing after meeting CEO
United Airlines CEO Scott Kirby celebrates the opening of a new addition to its Flight Training Center in Denver, Colorado, on Feb. 22, 2024.Hyoung Chang | Denver Post | Getty ImagesUnited Airlines CEO Scott Kirby says he is optimistic about Boeing's recovery after...
Bitcoin skids to test the lows of the week, falling nearly $2000
Bitcoin has fallen nearly $2000 in the last 30 minutes, dropping to $57,600.The low so far matches the one from earlier in the week and that should provide some support.bitcoin hourlyA break lower could complete the round trip to $55,000 and wouldn't bode well for the...
Google’s Gemini AI Transforms Android Experience
James Ding Aug 14, 2024 06:12 Google introduces Gemini AI to enhance Android's functionality with a focus on privacy and on-device processing. Google has unveiled its latest innovation for Android, introducing...
Capital.com launches bug bounty programme with Intigriti in Cybersecurity push
Leading Retail FX and CFDs broker Capital.com has announced the launch of a public bug bounty programme hosted on leading crowdsourced security platform, Intigriti. This initiative highlights the company’s proactive approach to cybersecurity and commitment to...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2806; (P) 1.2838; (R1) 1.2857; More… Intraday bias in GBP/USD is turned neutral with current retreat and some consolidations would be seen below 1.2872 temporary top. But further rise is in favor as long as 1.2754 minor support holds. As noted...
Walmart says prices are coming down — except in one key area
A customer pushes her shopping cart through the aisles at a Walmart store in the Porter Ranch section of Los Angeles.Kevork Djansezian | ReutersPrices of many groceries and other items have fallen at Walmart, according to CEO Doug McMillon.Yet the leader of the...
Bank of America to be Official Bank Sponsor of FIFA World Cup 26
FIFA today announced Bank of America as the Official Bank Sponsor of FIFA World Cup 26. Through this new partnership, FIFA and Bank of America will work together to support the growth of the global game and the tournament’s impact on football fans of all ages,...
U.S. retail sales starts third quarter on an upbeat note
Retail sales rose 1.0% for the month of July. That was much higher than the consensus forecast calling for a more moderate increase of 0.4%. However, June’s figure was revised downward to -0.2% month/month (previously flat). Trade in the auto sector was up 3.6% m/m,...
Gemini AI Transforms Mobile Devices into Powerful Assistants
Luisa Crawford Aug 14, 2024 06:32 Google's Gemini app enhances mobile devices with AI capabilities, assisting with tasks like updating shopping lists and drafting emails. Google's Gemini app, launched less than...
Pixel Watch 3 Introduces AI-Driven Features for Better Health and Convenience
Rebeca Moen Aug 14, 2024 07:01 Google's Pixel Watch 3 leverages AI for advanced health tracking, call management, and emergency detection. Google's latest Pixel Watch 3 is set to revolutionize the wearable tech...
Chili’s sales boosted by TikTok, fast food rivalry
An ad campaign targeting fast-food chains and a TikTok-viral appetizer helped Chili's same-store sales climb nearly 15% in its latest quarter.But Kevin Hochman, CEO of parent company Brinker International, told CNBC that the chain's strong performance is just a sign...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8625; (P) 0.8643; (R1) 0.8669; More…. Intraday bias in USD/CHF is back on the upside as rise from 0.8413 resumed by breaking through 0.8710. Focus is now on 38.2% retracement of 0.9223 to 0.8431 at 0.8734. Sustained break there will bring stronger...
Exclusive: Funds for Traders shuts after Eightcap cuts MT4/MT5 for prop firms
FNG Exclusive… FNG has learned that Netherlands based retail prop trading firm Funds for Traders (at website fundsfortraders.com) is shutting down. The company’s website is now showing a message (see full text below) stating that the company’s executing broker,...
Trump seeks hush money sentencing delay until after election
Republican presidential candidate and former U.S. President Donald Trump attends a press conference, the day after a guilty verdict in his criminal trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016,...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 146.40; (P) 147.00; (R1) 147.91; More… Immediate focus is now on 38.2% retracement of 161.94 to 141.67 at 149.41 as USD/JPY’s rebound from 141.67 extends. Decisive break there will bring stronger rally to 61.8% retracement at 154.19, even as a...
Google Unveils AI-Enhanced Pixel 9 and Pixel 9 Pro Fold at Made by Google 2024
Timothy Morano Aug 14, 2024 07:25 Google's 2024 event highlights AI advancements in Gemini, Android, and new Pixel devices including Pixel 9 and Pixel 9 Pro Fold. Google has unveiled its latest innovations at...
TipRanks founders, employees, investors bought out by Prytek after receiving $200M outside offer
Retail trader investment tools and research provider TipRanks has announced that its largest shareholder, IT investment house Prytek, has taken its stake in the company from 40% to 80%, after buying out company founders Uri Gruenbaum and Gilad Gat, other company...
NBC NBA media rights key for Peacock streaming growth
The NBA logo is seen outside an NBA fan store in New York on July 8, 2024. Angela Weiss | AFP | Getty ImagesExecutives at Comcast's NBC Sports targeted the NBA's media rights renewal on their calendars for years. They wanted the NBA back after losing the games to...
EUR/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 161.02; (P) 161.81; (R1) 163.02; More… EUR/JPY’s break of 38.2% retracement of 175.41 to 154.40 at 162.42 suggests that fall from 175.41 has completed at 154.40. Rise from there is now seen as the second leg of the corrective pattern from 175.41....
Cisco stock has best day since 2020 on earnings beat, 7% job cuts
Cisco CEO Chuck Robbins participates in a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023.Hollie Adams | Bloomberg | Getty ImagesCisco shares jumped about 8% on Thursday and headed for their best day since March 2020,...
AI supercharges data center energy use – straining the grid and slowing sustainability efforts :: InvestMacro
By Ayse Coskun, Boston University The artificial intelligence boom has had such a profound effect on big tech companies that their energy consumption, and with it their carbon emissions, have surged.The spectacular success of large language models such as ChatGPT has...
Gala Games Introduces Superior’s Challenge Mode for Elite Hunters
Caroline Bishop Aug 14, 2024 09:11 Gala Games launches Superior's Challenge Mode, testing players' speed and skills against power-crazed superheroes. Weekly updates ensure constant competition. Gala Games has...
Retail Sales Is Counterprogramming the Job Report
Summary In the month of July retailers saw a sales increase of $6.8 billion, or 25% of the total gain from the prior two years in a single month. While most of that was an autos bounce after an ugly June, gains were broadly based and thus at odds with reports of a...
Vance accepts VP debates with Walz on Oct. 1 and Sept. 18
Democratic vice presidential candidate Minnesota Gov. Tim Walz (R), and Republican vice presidential candidate, Sen. J.D. Vance (R-OH).Getty ImagesRepublican presidential running mate JD Vance said Thursday he will debate Democratic vice presidential nominee Tim Walz...
Fed’s Musalem: Time may be nearing for policy adjustment
St. Louis Fed President Alberto Musalem indicated today that the balance of risks between inflation and unemployment has shifted, becoming “more balanced”. Speaking at an event, Musalem expressed increased confidence in the inflation outlook, noting that recent data...
Equiti becomes sleeve sponsor of Al Wahda FC
UAE based global online brokerage Equiti Group has announced its sponsorship of Abu Dhabi’s Al Wahda Football Club. The company said that this investment is more than just a sponsorship; it’s a celebration of community spirit and a commitment to supporting local...
Riot Platforms Increases Stake in Bitfarms to 18.9%
Felix Pinkston Aug 14, 2024 09:27 Riot Platforms, Inc. has announced an increase in its ownership of Bitfarms Ltd., now holding 18.9% of the company's common shares. Riot Platforms, Inc. (NASDAQ: RIOT) has...
GBP/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 188.05; (P) 188.74; (R1) 189.62; More… GBP/JPY’s break of 38.2% retracement of 208.09 to 180.00 at 190.73 argues that the decline from 208.09 has completed at 180.00 already. Rise from there is now seen as the second leg of the corrective pattern...
Binance to Delist Several Margin Trading Pairs on August 22, 2024
Timothy Morano Aug 14, 2024 12:04 Binance announces the delisting of several margin trading pairs, including BICO/BTC and DAR/BTC, effective August 22, 2024. Binance, one of the world’s leading cryptocurrency...
Indices rise amid lower inflation in the US. Oil returned to decline due to reduced tension in the Middle East :: InvestMacro
By JustMarketsAt the end of Wednesday, the Dow Jones (US30) Index gained 0.61%, and the S&P 500 (US500) Index closed with an increase of 10.38%. The NASDAQ Technology Index (US100) closed yesterday positive 0.03%. Stocks found support on Wednesday after the US CPI...
Lenders losing sleep over RBI’s new strictures, BFSI News, ET BFSI
Mumbai: Bankers are sweating over what is likely to be a tough time in the next fiscal year as the Reserve Bank of India (RBI) is expected to unleash stringent rules, tightening provisioning requirements for project finance, introducing a new expected credit loss...
Australian Dollar Rises on Strong Job Growth
The Australian dollar is in positive territory on Thursday. AUD/USD is trading at 0.6607 in the European session, up 0.16% on the day at the time of writing. Earlier, the Aussie rose as high as 0.6633 (0.48%) before retracting. Australian job growth jumps but...
Trump’s Potential Victory and Its Impact on Bitcoin (BTC)
Timothy Morano Aug 15, 2024 01:22 Analyzing the potential impact of a Trump presidency on Bitcoin (BTC) and the broader crypto market, including his policies and VP pick J.D. Vance. As the 2024 U.S. Presidential...
Business betting on Trump win, c-suite advisor says
Republican presidential nominee, former U.S. President Donald Trump gives a speech during a campaign rally at Harrah's Cherokee Center in Asheville, North Carolina, United States on August 14, 2024. Anadolu | Anadolu | Getty ImagesU.S. business leaders are "in denial"...
Zip announces partnership with Stripe in the US
Zip (ASX:ZIP), a digital financial services company, today announced its integration as a payment method for U.S. merchants using Stripe. With the new integration, eligible merchants can easily enable Zip as a payment method with a single click, which can help attract...
Retail Sales Strength Sparks US Market Surge, Recession Fears Subside
The US markets reacted positively today to stronger-than-expected retail sales data, which posted its fastest growth in a year and a half. Additionally, better-than-expected jobless claims numbers helped alleviate concerns about weaknesses in the employment market....
Here’s the full list, BFSI News, ET BFSI
Banks to be shut for as many as 16 days in September 2024 according to the Reserve Bank of India. This includes the weekend holidays, that is, the second and fourth Saturdays and all Sundays. Internet banking services will continue to be operational during these days....
Lockheed Martin to take Terran Orbital private in $450 million deal
Terran Orbital's banner above the New York Stock Exchange on March 28, 2022.Terran OrbitalLockheed Martin is buying Terran Orbital, the company announced Thursday, with the defense giant reaching a deal to take the struggling spacecraft manufacturer private.The...
Philly schools are in disrepair − the municipal bond market is 1 big reason :: InvestMacro
By David I. Backer, West Chester University of Pennsylvania The Conversation, CC BYMany of Philadelphia’s schools are in terrible shape. The average public school building in the city is over 70 years old, and some are over 120 years old. The state of disrepair,...
US initial jobless claims fall to 227k, vs exp 239k
US initial jobless claims fell -7k to 227k in the week ending August 10, lower than expectation of 239k. Four-week moving average of initial claims fell -4.5k to 236.5k. Continuing claims fell -7k to 1864k in the week ending August 3. Four-week moving average of...
Exploring Registration-Based Encryption for Blockchain Key Distribution
Jessie A Ellis Aug 15, 2024 01:38 A new approach to key management on blockchains, registration-based encryption, offers promising advantages over traditional methods like public key directories and identity-based encryption. ...
Klarna launches bank-like personal account, cashback ahead of IPO
Buy now, pay later firms like Klarna and Block's Afterpay could be about to face tougher rules in the U.K.Nikolas Kokovlis | Nurphoto | Getty ImagesFinancial technology firm Klarna is pushing deeper into banking with its own checking account-like product and a...
Karnataka government suspends all dealings with SBI, PNB, BFSI News, ET BFSI
BENGALURU: Close on the heels of back-to-back incidents of alleged embezzlement of public funds, Karnataka govt on Wednesday ordered suspension of all transactions with two public sector banks — State Bank of India (SBI) and Punjab National Bank (PNB) — with immediate...
GBP/USD Analysis: Rate Steady After Key Data Releases
Yesterday, important U.S. inflation data was released, as reported by ForexFactory: → Core CPI (MoM): actual = 0.2%, forecast = 0.2%; previous = 0.1%; → CPI (YoY): actual = 2.9%, forecast = 3.0%; previous = 3.0%. Today, market participants learned about the change in...
FIS unlocks Neural Payments solution to its clients
FIS (NYSE:FIS) today announced that it is unlocking the Neural Payments solution to its clients, expanding the availability of peer-to-peer (P2P) payments by leveraging the company’s global scale and NYCE debit rails to bring this capability to a wider range of...
Where is the Money Going to Come From?
Have you ever had a financial year from h-e-double-hockey-sticks? Everything that can go wrong seems to be going wrong in the worst possible ways… and all at the same time. I’m in one of those years right now. I recently discovered I miscalculated my tax withholding,...
Amazon to test Prime Air drone delivery service in the UK
An Amazon delivery drone is on display at Amazon's BOS27 Robotics Innovation Hub in Westborough, Massachusetts, on Nov. 10, 2022.Joseph Prezioso | AFP | Getty ImagesAmazon and six other organizations have been selected to take part in a trial looking at expanding the...
NVIDIA Introduces Edify: Custom AI Model Training for Developers
Tony Kim Aug 15, 2024 01:58 NVIDIA Edify allows developers to create custom AI models using their own data, significantly enhancing content generation capabilities. NVIDIA has unveiled Edify, a cutting-edge AI...
Global banks’ tech revival sparks hope for $254 billion Indian IT sector, ET BFSI
By Sai Ishwarbharath B and Haripriya SureshBENGALURU - Global banks have started reviving the technology projects they put on ice in 2023, raising hopes for the $254 billion Indian IT sector that makes about a third of its revenue from banking, financial services and...
NZD/USD Looking for a Bigger Recovery
Looking at the 4-hour time frame of the Kiwi with ticker NZDUSD, we can see a strong rebound after a completed final subwave “v” of C of (C), as Zealand beat jobs data, so seems like a new three-wave A-B-C rally can be in play within higher degree wave (D) that can...
Bangladesh turmoil may slow financial reform, weaken banks, S&P says, ET BFSI
NEW DELHI/DHAKA -Political turmoil in Bangladesh is likely to slow planned financial reforms and has already added to weakness in the banking sector, S&P Global Ratings said on Wednesday.Prime Minister Sheikh Hasina quit and fled to India last week after...
Konsolidator introduces Banking app – FX News Group
Konsolidator introduces its newest application, Konsolidator Banking. This is in line with Konsolidator’s growth strategy, and growth initiatives announced in the annual report 2023. Konsolidator Banking allows the company to reach a new business segment by leveraging...
Binance Futures to Launch G and RARE Perpetual Contracts with Up to 50x Leverage
James Ding Aug 15, 2024 10:35 Binance Futures will introduce GUSDT and RAREUSDT perpetual contracts on August 15, 2024, offering up to 50x leverage, enhancing trading options. Binance Futures is set to expand...
Alibaba shares dip 3% in premarket after earnings miss expectations despite cloud acceleration
Signage at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Friday, Aug. 2, 2024.Qilai Shen | Bloomberg | Getty ImagesAlibaba missed top and bottom line expectations for the June quarter of 2024 as it continues to face headwinds in its core...
Gold (XAU/USD) Bounces Back After US CPI, DXY Faces Challenges
Gold prices rebounded after a post-CPI selloff, aided by a struggling US Dollar Index. A sustained move above $2500/oz for gold may require an additional catalyst, like geopolitical risks. The DXY faces challenges and is likely to remain subdued, with technical...
Mars to acquire Kellanova in $36 billion deal
A box of Kellogg Co. Eggo brand frozen waffles is arranged for a photograph in New York.Tiffany Hagler | Bloomberg | Getty ImagesMars will acquire Kellanova for $35.9 billion in cash, tying together some of the largest U.S. candy and snack brands, the companies...
How to Have Better Sales Results with Valdez Lasartemay » Succeed As Your Own Boss
Melinda F. Emerson, “SmallBizLady” is America’s #1 Small Business Expert. She is an internationally renowned keynote speaker on small business development, social selling, and online marketing strategy. As CEO of Quintessence Group, her Philadelphia-based marketing...
PM Modi, BFSI News, ET BFSI
New Delhi, Indian banks are among the few banks that are strong globally, owing to major reforms undertaken by his government, Prime Minister Narendra Modi said on Thursday. Addressing the nation from the ramparts of historic Red Fort, the Prime Minister said a strong...
HKMA Warns Public of Fraudulent Social Media Account Impersonating Livi Bank
Timothy Morano Aug 15, 2024 10:52 The Hong Kong Monetary Authority (HKMA) alerts the public about a fraudulent social media account impersonating Livi Bank Limited, urging caution and reporting suspicious activities. ...
India set to be among top 3 world economies soon: Droupadi Murmu, ET BFSI
New Delhi, President Droupadi Murmu on Wednesday said that India is among the fastest-growing major economies, adding it was a matter of pride for everyone that the country has become the fifth-largest economy in the world, and is set to be among the top 3 global...
CFI sees 37% growth in trading volumes, 98% leap in active clients in Q2 2024
Leading online trading provider CFI has announced that it has continued its remarkable momentum from Q1 2024, achieving unprecedented milestones and setting new records in Q2 2024. This quarter’s achievements further solidifies CFI’s commitment to excellence,...
Privacy and Security Implications of CBDCs
Digital transactions have the power to shape the future of the financial services ecosystem around us. As the world welcomes new approaches to embracing digital currencies, Central Bank Digital Currencies or CBDCs offer the safest and most trusted alternatives. At the...
EUR/AUD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.6596; (P) 1.6648; (R1) 1.6748; More… Intraday bias in EUR/AUD remains neutral as range trading continues. Outlook stays bullish with 1.6474 support intact. On the upside, above 1.6798 minor resistance will bring retest of 1.7180 resistance first....
Alaska Airlines flight attendants reject new contract
An Alaska Airlines Boeing 737-900ER aircraft on the tarmac at Seattle-Tacoma International Airport (SEA) in Seattle, Washington, US, on Monday, Jan. 22, 2024. David Ryder | Bloomberg | Getty ImagesAlaska Airlines flight attendants rejected a new labor deal that would...
FTC bans fake reviews, social media influence manipulation
Federal Trade Commission Chair Lina Khan testifies during a hearing of the House Appropriations Subcommittee on Financial Services and General Government, May 15, 2024.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe Federal Trade Commission on Wednesday voted...
SBI hikes interest rates on these loans by 10 bps; check latest State Bank of India lending rates, FD interest rates, ET BFSI
The State Bank of India (SBI) has increased the marginal cost of funds-based lending rate (MCLR) on loan by 10 basis points (bps) yer again for certain durations. This action will result in higher costs for most consumer loans, such as auto or home loans, for the...
EUR/GBP Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8554; (P) 0.8573; (R1) 0.8605; More…. Intraday bias in EUR/GBP is turned neutral first with current retreat, and more consolidations could be seen below 0.8624. But outlook stays bullish as long as 38.2% retracement of 0.8382 to 0.8624 at 0.8532...
FCA censures Macintyre Hudson for failings in client asset reports
The UK Financial Conduct Authority (FCA) has censured the auditor Macintyre Hudson LLP (MHA) for failing to prepare client assets reports to the required standard. MHA failed to notify the FCA of rule breaches by firms it had audited, which could have put customers’...
NASA astronauts waiting for return decision
NASA astronauts Butch Wilmore, left, and Suni Williams pose inside the hatch connecting Boeing's Starliner to the International Space Station onNASALog entry: Day 71.Butch Wilmore and Suni Williams are waiting. Boeing is waiting. And throughout the halls of NASA,...
IBM Research Advances Trustworthy Generative AI for Data Augmentation
Joerg Hiller Aug 15, 2024 02:15 IBM Research unveils new frameworks for generative AI to enhance data augmentation and accelerate drug and material discovery. IBM Research has announced the development of new...
Bangladesh turmoil may slow financial reform, weaken banks, S&P says, ET BFSI
NEW DELHI/DHAKA -Political turmoil in Bangladesh is likely to slow planned financial reforms and has already added to weakness in the banking sector, S&P Global Ratings said on Wednesday.Prime Minister Sheikh Hasina quit and fled to India last week after...
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 161.02; (P) 161.81; (R1) 163.02; More… Intraday bias in EUR/JPY stays neutral and outlook remains bearish with 38.2% retracement of 175.41 to 154.40 at 162.42 intact. On the downside, below 157.71 minor support will bring retest of 154.40 first....
PSU banks’ Q1 results decent, but are valuations supportive of next leg of the rally?, ET BFSI
Despite a decent Q1 performance, PSU bank stocks have struggled over the past month, falling nearly 6% (as of August 13), with concerns over valuations in the overall PSU sector weighing on the market. Experts ETMarkets spoke to anticipate stock-specific action rather...
Columbia University president resigns months after Israel-Hamas war protests roiled campus
Columbia University President Nemat "Minouche" Shafik testifies before a House Education and the Workforce Committee hearing on "Columbia University's Response to Antisemitism," on Capitol Hill in Washington, U.S., April 17, 2024. Ken Cedeno | ReutersThe president of...
Interactive Brokers adds CFDs on US stocks and ETFs to overnight trading
Electronic trading major Interactive Brokers (NASDAQ:IBKR) today announced the expansion of its overnight trading offering to include Contracts for Difference (CFDs) on US stocks and ETFs. In addition to US Stocks, ETFs, and Index Options, this expansion allows...
Medicare releases prices for first 10 drugs subject to negotiations
Activists protest the price of prescription drug costs in front of the U.S. Department of Health and Human Services building in Washington, D.C., on Oct. 6, 2022.Anna Moneymaker | Getty ImagesThe Biden administration on Thursday will release prices for the first 10...
A New Downturn in the Crypto Market
Market Picture The cryptocurrency market retreated 2.9% over the past 24 hours to $2.08 trillion from levels near $2.15 trillion, which had been resistance for the past ten days. Despite moderate optimism in equities following the inflation data, cryptocurrencies...
PM Modi unfurls national flag at Red Fort on 78th Independence Day, pays tribute to ‘Azaadi ke deewane’: Key takeaways, ET BFSI
NEW DELHI: Prime Minister Narendra Modi on Thursday addressed the nation from the Red Fort for the 11th consecutive time as India celebrated 77 years of Independence, making him the third PM after Jawaharlal Nehru and Indira Gandhi to do so.The theme for this year's...
IBM Research Advances in Automation and Information Processing
Caroline Bishop Aug 15, 2024 02:44 IBM Research continues to lead in computer science, focusing on breakthroughs in automation, information processing, and computation. IBM Research remains a pivotal player in...
RBI’s revised deposit norms unlikely to be onerous for housing finance companies, ET BFSI
Deposit-taking housing finance companies (HFCs) are unlikely to face difficulty in complying with the Reserve Bank of India’s (RBI) revised norms for raising public deposits issued on August 12, 2024.A CRISIL Ratings analysis of the 121 HFCs accepting public deposits...
Schumer says a crypto bill can pass Senate this year; Dems join ‘Crypto4Harris’ call
US Senate Majority Leader Chuck Schumer presents US Vice President Kamala Harris with a "golden gavel" after she cast her 32nd tie-breaking vote in the Senate, the most ever cast by a Vice President, at the US Capitol in Washington, DC, December 5, 2023.Saul Loeb |...
Even as forex assets surge, RBI continues to buy gold aggressively, ET BFSI
Foreign currency assets worth $19 billion were added to the stock of reserves in the month of July in one month since certain Indian government bonds were included in the JP Morgan bond index.Of this, $3 billion worth flows were only for index eligible bonds, said...
Starbucks new CEO Brian Niccol compensation Chipotle
Brian Niccol, CEO of ChipotleAnjali Sundaram | CNBCStarbucks offered incoming CEO and Chair Brian Niccol a pay bump and hefty one-time awards to lure him from his prior role as chief executive at Chipotle Mexican Grill.Niccol officially takes the reins at the...
CQG adds study alerts, enhances profile charts in CQG One
CQG, a provider of high-performance technology solutions for traders, brokers, commercial hedgers and exchanges, has updated CQG One and CQG Desktop. CQG One & CQG Desktop Version 9.7 offer a series of enhancements: Charting Added option to hide drawing tools...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 188.05; (P) 188.74; (R1) 189.62; More… Intraday bias in GBP/JPY stays neutral and outlook remains bearish with 38.2% retracement of 208.09 to 180.00 at 190.73 intact. On the downside, below 186.46 minor support will turn intraday bias back to the...
Cisco (CSCO) earnings report Q4 2024
Cisco CEO Chuck Robbins participates at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023.Hollie Adams | Bloomberg | Getty ImagesCisco shares popped in extended trading on Wednesday after the networking company said it's cutting 7% of its global...
Offchain Labs Launches Tandem to Empower Blockchain Innovation
Rebeca Moen Aug 15, 2024 03:20 Offchain Labs introduces Tandem, a partner studio aimed at solving blockchain's toughest challenges through collaboration and investment. Offchain Labs has announced the launch of...
Banks bat for frequent Lok Adalats to settle small-value loans, ET BFSI
New Delhi: Banks have reached out to the government, making a case for more frequent Lok Adalats to be held through Debt Recovery Tribunals, or DRTs, to settle distressed loans out of court. A representation was made by a few public sector banks (PSBs) last month on...
Why RBI may not cut rates despite a fall in retail inflation, ET BFSI
The Reserve Bank of India has put to rest the debate over a proposal to ignore the food price spirals while taking policy rate decisions. RBI governor Shaktikanta Das is very candid in saying that the monetary policy committee cannot ignore the persistently high food...
PM Modi lays road to Viksit Bharat, announces 75k new medical seats, wishes to implement UCC, ET BFSI
Prime Minister Narendra Modi on Thursday delivered his 11th speech from the Red Fort on Independence Day. He covered a wide range of topics the in address that lasted for more than 90 minutes. Keeping up with the theme of Viksit Bharat 2047, the PM mentioned the road...
FX option expiries for 15 August 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.The first being for EUR/USD at the 1.1000 mark. That continues from yesterday and there will be large expiries at the figure level in play again tomorrow. As such, the expiries could offer a bit of...
Fintech firm Airwallex hits $500M ARR, plans to be IPO-ready by 2026
Airwallex, which was most recently valued at $5.6 billion and is backed by Tencent, has been tipped as one of many prominent fintech IPO candidates.Jose Sarmento | Bloomberg | Getty ImagesTencent-backed payments startup Airwallex has reached an annual revenue run rate...
Walmart reports its earnings before the bell. Here’s what to expect
Walmart will report quarterly earnings on Thursday, as investors and economists seek clarity about the health of American households and the outlook for the broader economy.Here's what analysts are expecting for the big-box retailer, according to consensus estimates...
Harris to propose federal ban on ‘corporate price-gouging’ in food and groceries
U.S. Vice President Kamala Harris delivers remarks during a campaign event at West Allis Central High School, in West Allis, Wisconsin, U.S., July 23, 2024. Vincent Alban | ReutersWASHINGTON — Vice President Kamala Harris plans to propose the first-ever federal ban on...
Aussie Rises on Strong Job Growth, But Gains Limited
Australian Dollar strengthened during Asian session today, buoyed by stronger-than-expected employment growth data. This positive surprise offered some support to Aussie, though gains were limited, failing to push the currency above yesterday’s high. The labor market...
Bitfinex Mobile App Version 7.0.0 Introduces New Features and Fixes
Joerg Hiller Aug 15, 2024 04:29 Bitfinex releases Version 7.0.0 of its mobile app, featuring new widgets, additional language support, and key fixes. Bitfinex has announced the release of Version 7.0.0 of its...
Binance registers as reporting entity with India’s Financial Intelligence Unit
Binance has registered as a reporting entity with India’s Financial Intelligence Unit (FIU). This achievement marks Binance’s 19th global regulatory milestone. Richard Teng, CEO of Binance, commented: “Our registration with the FIU-IND marks an important milestone in...
AUD/USD Outlook: Keeps Firm Tone Ahead of US Inflation Data
AUDUSD remains constructive and consolidating Tuesday’s 0.80% advance, as this morning’s RBNZ rate cut by 25 basis points negatively impacted Aussie dollar, but dips were limited, due to strong near-term bullish sentiment on revived risk appetite. Technical studies...
Trump economy speech North Carolina
Republican presidential candidate and former U.S. President Donald Trump arrives to cast his ballot for early voting in Florida's primary election in West Palm Beach, Florida, U.S. August 14, 2024. Marco Bello | ReutersRepublican presidential nominee Donald Trump will...
Ethereum Gently Gaining Momentum – Action Forex
Market Picture The cryptocurrency market added 2.2% in the last 24 hours to reach $2.14 trillion, a fresh attempt to climb into the upper half of last month’s trading range from where last week’s sell-off was intensified. Over the past 24 hours, the macroeconomic...
Grok-2 AI Models Introduced by x.ai, Offering Advanced Capabilities
Iris Coleman Aug 14, 2024 13:09 x.ai launches Grok-2 and Grok-2 mini, advanced AI models with text and vision understanding, available for premium users and developers. x.ai has unveiled its latest AI models,...
DraftKings reverses plans for a user tax as FanDuel wows Wall Street
Flutter reported phenomenal second-quarter earnings this week, wowing investors and sending shares up about 8% Wednesday as the company's FanDuel betting platform captures market share and grows revenue dramatically, even in well established states with sports betting...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0938; (P) 1.0969; (R1) 1.1024; More….. EUR/USD’s break of 1.1007 confirms resumption of whole rally from 1.0665. Intraday bias is staying on the upside for 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1058. Decisive break there could...
ElevenLabs Establishes European Headquarters in London
Peter Zhang Aug 14, 2024 14:48 AI audio company ElevenLabs has opened its European HQ in London to leverage the city's diverse talent pool and innovation ecosystem. AI audio company ElevenLabs has announced the...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2792; (P) 1.2833; (R1) 1.2903; More… Intraday bias in GBP/USD remains on the upside at this point. Pull back from 1.3043 could have completed at 1.2664 already. Further rise should be seen to retest 1.3043 resistance first. Firm break there will...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8630; (P) 0.8655; (R1) 0.8673; More…. Breach of 0.8631 minor support argues that USD/CHF’s rebound from 0.8431 might have completed at 0.8701 already. Intraday bias is mildly on the downside for retesting 0.8431 low. On the upside, however, firm...
Unlocking BNB Rewards: Utilizing Liquid Staking with slisBNB
Jessie A Ellis Aug 14, 2024 15:45 Discover how liquid staking with slisBNB can enhance BNB rewards, improve fund utilization, and secure the BNB Chain network. Liquid staking is gaining traction as a method for...
ATFX launches $1M client funds insurance via Lloyd’s
Leading global online broker ATFX has announced the launch of ATFX Client Funds Insurance. This comprehensive insurance policy assures the safety and security of client funds up to USD $1,000,000 per Claimant, further strengthening ATFX’s commitment to protecting...
Binance Futures to Launch USDⓈ-M BANANA Perpetual Contract with 50x Leverage
Ted Hisokawa Aug 14, 2024 16:59 Binance Futures announces the launch of the USDⓈ-M BANANA Perpetual Contract, offering up to 50x leverage, starting on August 15, 2024. Binance Futures, one of the leading...
White House hosts Creator Economy Conference to talk AI, privacy
U.S. President Joe Biden departs the White House on August 13, 2024 in Washington, DC. Biden is traveling to New Orleans to participate in a Biden Cancer Moonshot Event. Kevin Dietsch | Getty Images News | Getty ImagesThe White House hosted 100 digital content...
Chennai Metro commuters gets ready-to-use National Common Mobility Card, ET BFSI
Chennai Metro is now set to get instant issuance of ready-to-use mobility card enhancing their travel experience. Ongo, the digital payments platform of AGS Transact Technologies has announced the launch of ‘Ongo Ride’, an instant National Common Mobility Card (NCMC)...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 146.31; (P) 147.13; (R1) 147.66; More… No change in USD/JPY’s outlook and intraday bias stays neutral. Outlook stays bearish with 38.2% retracement of 161.94 to 141.67 at 149.41 intact and intraday bias stays neutral. Below 145.42 minor support will...
Market Analysis: AUD/USD Rallies While NZD/USD Trims Gains
AUD/USD is consolidating gains near the 0.6620 zone. NZD/USD is trimming gains and struggling to stay above the 0.6000 pivot zone. Important Takeaways for AUD/USD and NZD/USD Analysis Today The Aussie Dollar started a downside correction from 0.6640 against the US...
CMC Markets’ Deputy CEO and CFO acquire shares under incentive plan
CMC Markets Plc (LON:CMCX), a global provider of online trading and platform technology, today reported transactions in its shares by members of its top management. David John Fineberg, deputy CEO of CMC Markets, and Albert Soleiman, CFO of the broker, acquired shares...
Telegram Unveils Star Reactions, Subscriptions, and Super Channels
James Ding Aug 14, 2024 16:19 Telegram celebrates its 11th anniversary with new features like Star Reactions, Subscriptions, and Super Channels to enhance user experience and support content creators. Telegram,...
GBP/USD Shrugs as UK CPI Rises Less Than Expected
The British pound is showing limited movement on Wednesday. GBP/USD is trading at 1.2844 in the European session, down 0.15% on the day. UK inflation report supports case for September rate cut Headline inflation in the UK rose 2.2% y/y in July, up from 2% in June but...
CFTC orders Vitol to pay $500k penalty for position limit violations
The Commodity Futures Trading Commission (CFTC) today issued an order filing and settling charges against Vitol, Inc., based in Houston, Texas, and its affiliate, Vitol SA, headquartered in Geneva, Switzerland for exceeding the CFTC’s position limits on aggregate...
Ethereum (ETH) Price Predictions for 2024: Analysts Forecast Significant Gains
Ted Hisokawa Aug 14, 2024 15:28 Ethereum (ETH) price predictions for 2024 highlight potential significant gains, driven by ETFs and technological advancements, according to CoinGecko. Ethereum (ETH) is set to...
US: Inflationary Pressures Continue to Ease in July, Solidifying a September Rate Cut
The Consumer Price Index (CPI) rose 0.2% month-on-month (m/m) in July, bang-on the consensus forecast. On a twelve-month basis, CPI fell to 2.9% (from 3.0% in June). After exerting a measurable drag in each of the two prior months, energy prices were largely flat in...
USD/JPY Sees Retreat Amid US Dollar Weakness :: InvestMacro
By RoboForex Analytical DepartmentUSD/JPY has retreated from its peak this week, settling at 146.82. The yen gained some strength as the US dollar weakened following July’s lacklustre US Producer Price Index (PPI) data. This report bolstered market expectations for a...
India’s Trade Deficit widens to USD 23.5 Bn after narrowing in June, ET BFSI
Exports and imports in services stood at USD 28.43 billion and USD 14.55 billion respectively this month.India's trade deficit expanded in July 2024 at USD 23.5 Billion, driven by a combination of declining merchandise exports and rising imports, as released by the...
Sunset Market Commentary – Action Forex
Markets July US CPI inflation figures printed very close to consensus. Monthly inflation accelerated both on a headline and on a core level to 0.2% M/M. Details showed food prices rising by 0.2% M/M, energy prices flat, and services (ex. energy) rising by 0.3% M/M....
Hong Kong Monetary Authority Reports Tender Results for 1-Year HONIA-Indexed Floating Rate Notes
Zach Anderson Aug 14, 2024 13:53 The HKMA has announced the tender results for the 1-year HONIA-indexed Floating Rate Notes, with a bid-to-cover ratio of 4.56 and highest spread accepted at 0.22%. The Hong Kong...
SEC goes after Russell Todd Burkhalter, Drive Planning to halt $300M Ponzi scheme
The Securities and Exchange Commission (SEC) today announced that it obtained a preliminary injunction, asset freeze, and other emergency relief against Atlanta-based Drive Planning LLC and its founder and CEO, Russell Todd Burkhalter, to halt a $300 million real...
IREDA may set up arm to help finance small biz, retail clients, ET BFSI
Indian Renewable Energy Development Agency Ltd (IREDA), the state-run shadow bank whose shares have risen four-fold since last year's listing, plans to form a subsidiary to help finance small businesses and retail customers seeking to set up rooftop solar and...
Soft-Landing, or No Soft-Landing, That Is the Question: Part II
Part II: Quantifying Episodes of Soft-Landing, Stagflation and Recessions Summary In the second part of the series, we quantify episodes of soft-landings, stagflation and recessions during the post-1950 period. To the best of our knowledge, we are the first to present...
Illuvium’s Open Beta Launch: A New Era in Web3 Gaming
Alvin Lang Aug 14, 2024 14:14 Illuvium officially launches its Open Beta on Immutable (IMX), offering a unique web3 gaming experience with high-quality graphics and immersive gameplay. Illuvium has officially...
Bitcoin nears $60,000 as risk trades cool
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
UK considers tougher Online Safety Act after UK riots, Musk comments
As the riots raged in the U.K., Elon Musk began making incendiary comments about the situation, including the statement: "Civil war is inevitable." Musk is the owner of X, the social media platform formerly known as X.Aytug Can Sencar | Anadolu | Getty ImagesLONDON...
Is Gold Ready to Sail to All-Time High?
Gold moves sideways; faces resistance near 2,473 Technical signals are positive for a continuation to 2,500 ahead of CPI data Gold repeated its July bounce off the 200-period simple moving average (SMA) on the four-hour chart to re-examine the 2,473 resistance, which...
On breakout watch ahead of key events :: InvestMacro
Potential trading opportunities on horizon for CHINAHRaft of China data, Alibaba & JD.com earnings on ThursdayCHINAH respecting bearish channel on D1 chartsKey levels of interest – 5965, 6100 & 6225If you are seeking fresh market opportunities, then look no...
Muthoot Finance reports 28% growth in loan AUM, reaching Rs 98,048 cr in Q1 FY25, ET BFSI
The consolidated loan assets under management (AUM) of the gold loan company Muthoot Finance grew 28% Y-o-Y to Rs. 98,048 crores in Q1 FY25 as against Rs. 76,799 crores last year. During the quarter, consolidated loan AUM increased by 10% of Rs. 8,969 crores. The...
Binance to Delist Multiple Spot Trading Pairs on August 16, 2024
Rongchai Wang Aug 14, 2024 13:27 Binance announces the removal of several spot trading pairs due to poor liquidity and trading volume, effective August 16, 2024. Binance, one of the leading cryptocurrency...
RBI DG advocates for risk-based insurance premiums to strengthen financial stability, ET BFSI
“By tying insurance premiums to the level of risk posed by individual financial institutions, deposit insurers can incentivise banks to adopt stronger risk management practices," said Swaminathan J, Deputy Governor of the Reserve Bank of India, during a recent...
Muted Reaction to US CPI, Euro Leads While Kiwi Struggles
The market’s initial reaction to US CPI data has been relatively subdued. While both headline and core CPI readings slowed in July, they remain elevated. This ongoing disinflation is a positive sign for the Fed, but the pace is not rapid enough to justify a larger...
eToro launches three portfolios based on US political activity
Online brokerage eToro today launched three new Smart Portfolios, including one that copies Congress members’ stock buys. The portfolios, launched in partnership with investment research platform Quiver Quantitative, will all tap into publicly disclosed government...
Standard Chartered names Aditya Mandloi as Head, Wealth and Retail Banking, India and South Asia, ET BFSI
Standard Chartered Bank on Wednesday announced the appointment of AdityaMandloi as Head, Wealth and Retail Banking (WRB), for India and South Asia.He will be responsible for driving the WRB business in India, Bangladesh, Sri Lanka, and Nepal. Aditya has already worked...
Google live Gemini demo lifts pressure on Apple as AI hits smartphones
During Google's Pixel phone launch on Tuesday, a product director named David Citron took the stage to show off the mobile capabilities of the company's new AI assistant, Gemini. Things got awkward right after the presenter told the audience, "all the demos today are...
US CPI falls to 2.9% yoy in Jul, core CPI down to 3.2% yoy
US CPI rose 0.2% mom in July, matched expectations. CPI core (all items less food and energy) rose 0.2% mom, matched expectations. Energy prices were unchanged over the month while food prices increased 0.2% mom. For the 12-month period, CPI slowed from 3.0% yoy to...
Hong Kong Monetary Authority Announces Results of RMB Sovereign Bond Tenders
Felix Pinkston Aug 14, 2024 12:37 The Hong Kong Monetary Authority has revealed the outcomes of the RMB Sovereign Bond tenders held on 14 August 2024. The Hong Kong Monetary Authority (HKMA) has disclosed the...
Reddit’s increased reliance on Google traffic has Wall Street anxious
The trading floor of the New York Stock Exchange prepares for the social media platform Reddit's initial public offering in New York City on March 21, 2024.Spencer Platt | Getty ImagesFor nearly a decade, Tom Wahlin's popular travel gear site Pack Hacker ranked high...
RBNZ unexpectedly decreased the rate by 0.25%. Today the focus of investors is directed to the data on the inflation of the US and the UK :: InvestMacro
By JustMarketsOn Tuesday, the Dow Jones (US30) Index gained 1.04%, while the S&P 500 (US500) Index closed 1.68% higher. The NASDAQ Technology Index (US100) closed yesterday at a positive 2.43%. Stocks found support on Tuesday thanks to lower bond yields after US...
India’s biggest shadow bank Bajaj seeks up to $500 million loan, ET BFSI
India’s largest non-banking finance company by market value is planning to borrow up to $500 million offshore, people familiar with the matter said, the latest shadow financier to seek global funds after stricter regulations limited domestic options. Bajaj Finance...
EUR/GBP Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8529; (P) 0.8548; (R1) 0.8564; More…. EUR/GBP’s break of 0.8567 suggests that corrective pullback from 0.8624 has completed at 0.8530, after hitting 38.2% retracement of 0.8382 to 0.8624 at 0.8532. Intraday bias is back on the upside for retesting...
GBP/USD Outlook: Cable Dips on Softer Than Expected UK Data, Focus Shifts on US Inflation
Cable fell 0.35% in immediate reaction to softer than expected UK inflation numbers in July. Although the BoE expected inflationary pressure to rise after CPI stayed at 2% target in past two months, weaker than expected July figure adds to expectations for more rate...
Creating an ERC20 Token on BitTorrent Chain (BTTC): A Step-by-Step Guide
Lawrence Jengar Aug 14, 2024 11:44 Learn how to create your own ERC20 token on the BitTorrent Chain (BTTC) using the SimpleERC20 contract. Discover the potential of blockchain development. According to...
FSCS starts accepting claims against Central Markets Investment Management Ltd
The UK Financial Services Compensation Scheme (FSCS) has provided an update on Central Markets Investment Management Ltd. Central Markets Investment Management Limited (CMIML) went into creditors voluntary liquidation on 2 July 2024. Dominic Thiel-Czerwinke and Louise...
PSU banks’ Q1 results decent, but are valuations supportive of next leg of the rally?, ET BFSI
Despite a decent Q1 performance, PSU bank stocks have struggled over the past month, falling nearly 6% (as of August 13), with concerns over valuations in the overall PSU sector weighing on the market. Experts ETMarkets spoke to anticipate stock-specific action rather...
Binance Launches Crypto Lemonade Summer Promotion with 500,000 USDC in Rewards
Tony Kim Aug 14, 2024 10:24 Binance announces its Crypto Lemonade Summer promotion, offering users a chance to win a share of 500,000 USDC by participating in the referral program. Binance, one of the world's...
USD/JPY Sees Retreat Amid US Dollar Weakness
USD/JPY has retreated from its peak this week, settling at 146.82. The yen gained some strength as the US dollar weakened following July’s lacklustre US Producer Price Index (PPI) data. This report bolstered market expectations for a potential 50 basis point cut by...
UK regulator bans Martin Sarl for dishonest and reckless conduct
The UK Financial Conduct Authority (FCA) has banned Martin Sarl from working in the financial services industry and fined him £5,021 for acting without honesty and integrity. Between 7 November 2017 and 24 October 2019, Mr Sarl, who was the sole director at Perry...
Max Life total APE grows by 31 per cent and Profit before Tax by 46 per cent in Q1 FY25, ET BFSI
PRNewswireNoida (Uttar Pradesh) [India], August 14: Max Financial Services Limited has recorded consolidated revenue^ of Rs7,709 crore in Q1 FY25, a 21% growth buoyed by higher investment income. The consolidated revenue excluding investment income at Rs5,235 crore...
How to Become a Solana Developer?
Blockchain technology has become one of the prominent buzzwords for every business and individuals worldwide. Latest entries into the blockchain ecosystem, such as Solana, have gained massive levels of adoption in recent times. You can also become Solana developer and...
Leonardo AI Unveils Advanced Generative AI Masterclass
Luisa Crawford Aug 14, 2024 10:55 Explore Leonardo AI's advanced generative AI masterclass, featuring in-depth workflows with Phoenix, Edit with AI, Describe with AI, and more. Leonardo AI has launched an...
Insolvency Board mandates unique identification number for valuation reports, ET BFSI
The Insolvency and Bankruptcy Board of India will provide a unique identification number for each valuation report prepared under the insolvency law to ensure authenticity, the board said in a circular on Monday. IBBI is the designated authority for registration,...
Instagram not dealing with hate speech against women politicians: CCDH
Instagram has failed to remove toxic comments directed at Vice President Kamala Harris and other leading female politicians from its app as the 2024 election nears, according to research from the Center for Countering Digital Hate.The non-profit advocacy is analyzing...
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 160.79; (P) 161.29; (R1) 161.94; More… Intraday bias in EUR/JPY stays neutral at this point. Outlook stays bearish with 38.2% retracement of 175.41 to 154.40 at 162.42 intact. On the downside, below 157.71 minor support will bring retest of 154.40...
Vantage Copy Trading introduces multiple copy modes
Multi-asset broker Vantage Markets has introduced multiple copy modes in the Vantage App, offering traders greater flexibility to diversify their copy trades and refine their trading strategies. This exciting update reaffirms Vantage’s dedication to delivering...
Investing in FDs with an NBFC? Check new RBI rules on premature withdrawal, nominations applicable from Jan 1, 2025, ET BFSI
The Reserve Bank of India (RBI) has issued a revised regulatory framework circular relating to HFCs (Housing finance companies) and NBFCs (Non-banking Finance Companies) on August 12, 2024. The revised guidelines include acceptance of public deposits like those...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 187.81; (P) 188.67; (R1) 189.74; More… Intraday bias in GBP/JPY remains neutral for the moment. Outlook remains bearish with 38.2% retracement of 208.09 to 180.00 at 190.73 intact. On the downside, below 186.46 minor support will turn intraday bias...
Mauritius banking regulator denies ‘tax haven’ allegation, ET BFSI
NEW DELHI: The Financial Services Commission (FSC) of Mauritius on Tuesday issued a statement in response to the allegations made in the Hindenburg Research report regarding the use of Mauritian shell companies and the country being labeled as a "tax haven." The FSC,...
Binance Expands Trading Options with New Pairs and Trading Bots Services
Ted Hisokawa Aug 14, 2024 09:49 Binance to introduce BONK/BRL and NOT/EUR trading pairs and enable Trading Bots services for select pairs starting August 16, 2024. Binance, one of the world's leading...
RBI deputy governor warns CBDCs could heighten risk of bank runs during crises, ET BFSI
The Reserve Bank of India deputy governor Michael Patra has said that during crises triggering depositor panic, CBDCs could be perceived as a safe haven, thus rendering bank deposits, particularly uninsured deposits, more prone to withdrawal and hence the risk of bank...
FCA imposes £276,100 fine on FXTB for unfair customer treatment practices
The UK Financial Conduct Authority (FCA) has fined Cypriot CFD broker Forex TB Limited (FXTB) £276,100 for failing to treat its customers fairly, and for providing investment advice without being authorised to do so. FXTB pressured customers to put their money at risk...
USDJPY’s Sideways Trading Might End Abruptly
USDJPY continues to hover around the 146 area Market participants are preparing for the US CPI release Momentum indicators remain mixed USDJPY continues to trade sideways, hovering around the 146.65-147.71 area for the fifth consecutive session. The bears are holding...
Banks are intensifying measures to boost deposits amidst sluggish growth, ET BFSI
Amid Finance Minister Nirmala Sitharaman and the Reserve Bank of India's push to banks for raising deposits, banks are ramping up efforts to attract more depositors. To counter the challenge of losing deposits to other avenues such as mutual funds, banks are deploying...
U.S. approves $20 billion in weapons sales to Israel amid threat of wider Middle East war
Israeli Prime Minister Benjamin Netanyahu speaks to reporters alongside Speaker of the House Mike Johnson (R-LA) at the U.S. Capitol Building on July 24, 2024 in Washington, DC. Anna Moneymaker | Getty ImagesThe U.S. has approved $20 billion in arms sales to Israel,...
China’s Huawei set to release AI new chip to challenge Nvidia, WSJ says
BERLIN, GERMANY - SEPTEMBER 03: People arrive to attend the Huawei keynote address at the IFA 2020 Special Edition consumer electronics and appliances trade fair.Sean Gallup | Getty Images News | Getty ImagesChinese technology giant Huawei is set to challenge Nvidia...
RBI DG Swaminathan warns of Cybersecurity, unchecked Fintech growth, and third-party risks, ET BFSI
">"The digital transformation in banking has created a complex web of technical and operational dependencies," Swaminathan emphasised.“Technology-induced systemic risk may indeed be one of the only truly global risks, that threaten the entire financial system...
Eurozone industrial production falls -0.1% mom in Jun, EU down -0.1% mom
Eurozone industrial production fell -0.1% mom in June, much worse than expectation of 0.4% mom rise. Industrial production increased by 0.7% for intermediate goods, 1.9% for energy, 0.9% for capital goods, and 3.8% for durable consumer goods. Production decreased by...
India’s WPI moderates to 2.04% in July from 3.36% in June, ET BFSI
India’s Wholesale Inflation for the month of July is recorded at 2.04%, as announced by the Ministry of Commerce and Industry on Wednesday. Previous month, June’s Wholesale Inflation stood at 3.36%, largely driven by the costlier vegetables, the month on month basis...
GTN hires Saxo Bank alum Ahmad Abouardini as MENA Relationship Manager
Dubai based trading solutions provider GTN has announced the appointment of Ahmad Abouardini as Middle East Relationship Manager. Ahmad, a seasoned professional with over eight years at Saxo Bank (2011-2019) overseeing strategic relationships and platform sales in the...
Tencent earnings Q2 2024
Tencent showed off its tech at the 2023 World Artificial Intelligence Conference in Shanghai, July 8, 2023.Nurphoto | Nurphoto | Getty ImagesTencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated.Here's how Tencent...
Gala Music Introduces $MUSIC Box with Exciting Prizes
Terrill Dicki Aug 14, 2024 08:49 Gala Music unveils the $MUSIC Box for $4.99, offering chances to win $MUSIC, $GALA, exclusive NFT tracks, and a $2k Jukebox Node. Gala Music has launched a new $MUSIC Box,...
Wise targets India’s $32 billion remittance market after infrastructure upgrade, ET BFSI
Money transfer company Wise is set to re-enter India's lucrative remittance market, estimated at $32 billion, after temporarily halting new customer sign-ups in the country. The London-based firm paused onboarding in recent months to enhance its infrastructure, a move...
Tim Walz tax hikes caused battles with Minnesota business
U.S. Vice President and Democratic presidential candidate Kamala Harris and her running mate Minnesota Governor Tim Walz walk as they prepare to depart at Chippewa Airport in Eau Claire, Wisconsin, U.S., August 7, 2024. Kevin Mohatt | ReutersSix years before Tim Walz...
RBI Dy Governor, ET BFSI
Jaipur, Aug 13 (IANS) India’s Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended coverage to 1,997 banks comprising 140 commercial banks and 1,857 cooperative banks, which is the largest number of deposit-taking institutions covered by deposit...
NZDUSD Hits a Wall at 200-Day SMA
NZDUSD had been in a recovery mode since early August But 200-day SMA rejects advance after dovish RBNZ meeting Oscillators deteriorate, yet remain neutral-to-positive NZDUSD had been steadily regaining ground since the beginning of the month after finding its footing...
Video game industry faces sluggish 2024 sales growth, Newzoo says
Analysts are expecting Nintendo to release a successor to its hit Switch console in its fiscal year 2025.Guillaume Payen | Sopa Images | Lightrocket | Getty ImagesThe global video game market is set for sluggish annual growth this year amid weak sales of gaming...
Alex Manson joins Standard Chartered management team
Standard Chartered PLC today announced an update to its Management Team (MT). Alex Manson, CEO, SC Ventures, will join the MT, effective immediately. Bill Winters, Group Chief Executive, said: “We need to constantly adapt our strategy to ensure that we remain relevant...
Gala Music Unveils Exclusive NFT Drops and New $MUSIC Mystery Box
Felix Pinkston Aug 14, 2024 08:08 Gala Music announces exciting NFT drops from artists like Nyku, YUNICE, and Emily Faye, along with the launch of a new $MUSIC Mystery Box. This week, Gala Music is making...
RBI approves Tata Capital’s conversion into NBFC ICC from NBFC CIC, ET BFSI
The Reserve Bank of India (RBI) has approved the Tata Capital's conversion from non-banking finance company (NBFC)–investment credit company (ICC) from a NBFC–core investment company (CIC).Last year, the central bank categorised Tata Capital and its parent company...
Policy rates of Asian economies lower than US, when will RBI cut rates?, ET BFSI
The backdrop of less-favourable rate differentials and relatively weak Asian currencies means that central banks will likely move only after the Fed. Asia’s rate cut cycle will also be shallower as compared to the Fed, with the weighted average rate in Asia, for...
Taxpayers getting faster refunds this year? FM says ITR processing time reduced to 10 days from 93 days, ET BFSI
Last week in Parliament, the finance minister Nirmala Sitharaman stated that the average time taken to process income tax returns (ITR) has decreased from 93 days in FY 2013-14 to 10 days in FY 2023-24. While this is a commendable achievement for the government, does...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Aug 13, 2024 21:41 UTC | Updated: Aug 13, 2024 at 21:41 UTC By Clark Cardano (ADA) is set to embrace the Chang hard fork, marking one of its most significant upgrades. Recent developments suggest that the launch may occur sooner than...
FX option expiries for 14 August 10am New York cut
There are a couple of expiries to take note of, as highlighted in bold.They are for EUR/USD at the 1.0925 and 1.1035 levels. They former lies near the 200-hour moving average, so there is some technical significance there. However, price action today is largely going...
Intel sells stake in UK chip designer Arm amid company-wide restructuring and cost cuts
A sign is posted in front of Intel headquarters on August 01, 2024 in Santa Clara, California. Justin Sullivan | Getty Images News | Getty ImagesIntel has sold its 1.18 million share stake in British chip firm Arm Holdings, according to a regulatory filing, as the...
France’s political tensions return to the fore as Olympics end
Emmanuel Macron, president of France, arrives at the Stade de France prior to the Closing Ceremony of the Olympic Games Paris 2024 at the Stade de France on August 11, 2024 in Paris, France.Tom Weller/voigt | Getty Images Sport | Getty ImagesTime is running out on the...
NZD Tanks After RBNZ Cut, UK and US CPI for Next Volatility Wave
New Zealand Dollar plunged today after RBNZ unexpectedly cut interest rates by 25bps, marking the first reduction in this easing cycle. This move came much earlier than the market’s anticipation of a rate cut in October or November. The selloff gained further momentum...
Crypto Takes Center Stage in U.S. Politics: Key Developments and Implications
Caroline Bishop Aug 14, 2024 07:40 Explore the significant political shift towards cryptocurrency in the U.S., including policy proposals from key figures like Trump, Kennedy, and Lummis. Cryptocurrency has...
Trump’s Harris attacks must pivot to policy, Republican allies say
Republican presidential candidate former President Donald Trump speaks during a press conference at his Mar-a-Lago estate on August 08, 2024, in Palm Beach, Florida. Joe Raedle | Getty ImagesFormer President Donald Trump is facing a wave of calls from Republican...
Bitfarms (BITF) Announces Significant Leadership Changes
Alvin Lang Aug 13, 2024 15:57 Bitfarms Ltd. has appointed CEO Ben Gagnon to its Board and named Brian Howlett as Independent Chairman. Nicolas Bonta steps down as Chairman. Bitfarms Ltd. (Nasdaq/TSX: BITF), a...
Judge in X lawsuit against advertisers recuses, he owned Tesla stock
Jaque Silva | SOPA Images | Lightrocket | Getty ImagesThe judge overseeing X's lawsuit against advertisers has recused himself following a news report that showed he previously owned shares of Tesla.In a recusal notice dated Aug. 13, U.S. District Judge Reed O'Connor...
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 160.00; (P) 160.98; (R1) 161.92; More… Intraday bias in EUR/JPY remains neutral and outlook stays bearish with 38.2% retracement of 175.41 to 154.40 at 162.42 intact. On the downside, below 157.71 minor support will bring retest of 154.40 first....
HKMA and Cyberport Unveil GenA.I. Sandbox to Propel A.I. in Finance
Ted Hisokawa Aug 13, 2024 17:58 The HKMA and Cyberport launch the GenA.I. Sandbox to foster responsible A.I. innovation in the financial sector. The Hong Kong Monetary Authority (HKMA), in collaboration with the...
BBVA’s AI Factory expands to Mexico and Türkiye
BBVA’s AI Factory, a center dedicated to developing artificial intelligence (AI) solutions, expands to Mexico and Türkiye in order to create products globally and leverage knowledge across the Group. With these new centers, BBVA aims to accelerate the adoption of...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 186.87; (P) 188.10; (R1) 189.15; More… Intraday bias in GBP/JPY stays neutral and outlook remains bearish with 38.2% retracement of 208.09 to 180.00 at 190.73 intact. On the downside, below 184.46 minor support will turn intraday bias back to the...
BoE raises £914K for charity from auction of low serial number King Charles banknotes
The Bank of England has announced that an auction of King Charles III banknotes has raised £914,127 (USD $1.2 million) for charity. Following the issuance of the first new King Charles banknotes in June 2024, low serial number banknotes were auctioned for charity...
GBPUSD Battles With 50-day SMA
GBPUSD advances after its bounce off 200-day SMA A potential breach of 50-day SMA could improve outlook Oscillators suggest strengthening positive momentum GBPUSD had been on the rise following its deflection at the 200-day simple moving average (SMA) on August 8....
Google Pixel 9 phones, first AI-powered Android update announced
Google announced its first smartphone fully powered by its AI "Gemini" system.Google on Tuesday announced new artificial intelligence features that are coming to Android devices. The move to bring its Gemini AI assistant to supported devices shows again how Google...
Binance Introduces Toncoin (TON) on Launchpool and Super Earn
Luisa Crawford Aug 13, 2024 16:58 Binance announces Toncoin (TON) as the 56th project on Launchpool. Users can stake BNB and FDUSD to farm TON and participate in Super Earn. Binance, a leading cryptocurrency...
Audio Pitara Launches Top 10 Global Podcast with Hindi AI Narration
Joerg Hiller Aug 13, 2024 17:23 Audio Pitara's 'Dil se Dil tak' podcast, voiced using ElevenLabs' Hindi AI, achieves global success with significant downloads and top chart rankings. Audio Pitara, a podcast...
Fed interest rate cut may boost sales
A sign is seen posted on the exterior of a Home Depot store on February 21, 2023 in El Cerrito, California. Justin Sullivan | Getty ImagesJust like Wall Street, Home Depot is closely watching the Federal Reserve's next move.In an interview with CNBC, Chief Financial...
UK Labour Market Deteriorates Despite Falling Unemployment Rate
The British Pound jumped 0.25% against the Dollar and 0.33% against the Euro due to the employment data. Although key parameters of the report exceeded market expectations, the overall negative trend remains. In the three months to June, the unemployment rate fell to...
SEC obtains final judgment against broker posing as hedge fund manager
The Securities and Exchange Commission (SEC) has obtained a final judgment against Rand Heckler. On August 12, 2024, the New York Eastern District Court entered a final judgment against Rand Heckler, enjoining him from violating certain provisions of the federal...
Wall St cheers Brian Niccol appointment
Brian Niccol, CEO of ChipotleAnjali Sundaram | CNBCWall Street believes Brian Niccol is the right choice to turn around Starbucks — and move the chain past the decades-long Howard Schultz era.Starbucks tapped Niccol as its latest chief executive and chair on Tuesday....
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0915; (P) 1.0927; (R1) 1.0944; More….. Immediate focus is on 1.0944 minor resistance in EUR/USD. Firm break there will indicate that pullback from 1.1007 has completed at 1.0880 already. Retest of 1.1007 should be seen first. Further break there...
This startup will sell methane-eating microbes to Whole Foods
Much energy and effort is spent on reducing carbon emissions in the fight against global warming, but methane, while less abundant, is more destructive to the planet. It is far more efficient than carbon at trapping heat. Getting rid of it is essential to reaching...
George Santos wants jury pool in his fraud trial questioned over their opinions of him
Rep. George Santos (R-NY) leaves the U.S. Capitol after his fellow members of Congress voted to expel him from the House of Representatives on December 01, 2023 in Washington, DC.Anna Moneymaker | Getty ImagesFormer U.S. Rep. George Santos wants potential jurors in...
Animoca Brands Joins ZetaChain as Validator to Enhance Multi-Chain Interoperability
Timothy Morano Aug 13, 2024 16:26 ZetaChain announces Animoca Brands as a validator, aiming to boost multi-chain interoperability and digital asset adoption. ZetaChain, the pioneering universal blockchain, has...
Brent Crude Oil Faces Demand Concerns Despite Recent Gains :: InvestMacro
By RoboForex Analytical DepartmentAfter five consecutive days of upward movement, Brent crude oil is now experiencing a consolidation phase, with prices retreating slightly to 81.80 USD per barrel on Tuesday. Market sentiment is being influenced by renewed concerns...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2743; (P) 1.2769; (R1) 1.2790; More… GBP/USD is still capped below 1.2839 resistance despite today’s rally. Intraday bias stays neutral first. On the downside, break of 1.2664 will resume the fall from 1.3043 to 1.2612 support. Decisive break...
UAW hits Trump, Musk with federal labor charges over union busting
This combination of pictures shows Elon Musk, left, and Donald Trump, right.Afp | Getty ImagesThe United Auto Workers on Tuesday filed federal labor charges with the National Labor Relations Board against former President Donald Trump and billionaire Elon Musk for...
MIAX Sapphire becomes OCC participant exchange
Equity derivatives clearing organization OCC today announced that MIAX Sapphire, LLC has become an OCC participant exchange. MIAX Sapphire, owned by parent holding company Miami International Holdings, Inc. (MIH), launched operation of the MIAX Sapphire electronic...
Manta Pacific Unveils MultiDA for Enhanced Modular Network Resilience
Tony Kim Aug 13, 2024 15:21 Manta Pacific introduces MultiDA, leveraging multiple data availability solutions for improved network resilience and reduced gas fees. Manta Pacific has announced the launch of...
Sunset Market Commentary – Action Forex
Markets US producer price inflation rose by 0.1% M/M in July for the headline number and stabilized for the gauge excluding food and energy. Both were below consensus (+0.2% M/M), resulting in sharper-than-expected drops in the Y/Y-figures. Headline PPI printed at...
Crypto magnate Chun Wang buys SpaceX polar spaceflight Fram2
SpaceX's Crew Dragon capsule "Endurance" is seen during the Crew-3 mission for NASA on May 5, 2022.NASAPrivate polar expeditions are reaching a new level: Space.Cryptocurrency speculator Chun Wang bought a SpaceX multi-day flight for an undisclosed amount, the company...
Asian Markets Bounce Back; Eyes on Local Data, Not Just US CPI
Asian equities extend rebound ahead of key data Japanese GDP, Aussie jobs and Chinese indicators on the agenda Any upsets could roil the fragile sentiment A cautious rebound for stocks Stock markets in Asia have not been immune to the global selloff in August amid the...
Set for more wild price swings? :: InvestMacro
Raft of UK data could rock UK100 this weekUK CPI sparked moves of ↑ 0.9% & ↓ 0.8% over past yearIncoming US CPI data may set tone for marketsKey levels of interest – 8120, 8200, 8310 Watch this space because FXTM’s UK100 index could see significant price...
Oakland B’s Pioneer League baseball launches crowdfunding campaign
Paul Freedman, co-founder and CEO of the Oakland BallersPaul Freedman, a 45-year-old serial entrepreneur who has founded and sold five educational technology companies, decided last June he wanted a new type of venture: a baseball team.When MLB's A's announced last...
BitMEX Lists NEIROUSDT Perpetual Swap with Up to 10x Leverage
Iris Coleman Aug 13, 2024 13:10 BitMEX has introduced a new NEIROUSDT perpetual swap contract, offering traders up to 10x leverage, according to BitMEX Blog. BitMEX, a leading cryptocurrency derivatives...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8623; (P) 0.8667; (R1) 0.8697; More… Intraday bias in USD/CHF stays neutral first. Outlook remains bearish with 38.2% retracement of 0.9223 to 0.8431 at 0.8734 intact. On the downside, below 0.8631 minor support will bring retest of 0.8431 first....
IBM Research Advances in Quantum-Safe Cryptography
Terrill Dicki Aug 13, 2024 14:22 IBM Research collaborates with NIST to develop quantum-safe cryptographic algorithms, ensuring future-proof security against quantum computing threats. IBM Research is at the...
Public launches Bond Accounts – FX News Group
Investing platform Public announces the launch of a Bond Account, a convenient way to invest in multiple bonds. The new Bond Account will allow members to invest in a diverse set of ten corporate bonds issued by companies across various industries, including...
Ro launches GLP-1 insurance coverage checker
Zoom In IconArrows pointing outwardsThe direct-to-consumer health-care startup Ro launched a new free tool Tuesday to help patients determine whether their insurance covers a buzzy class of weight loss and diabetes drugs called GLP-1s. Most insurance plans cover...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 146.43; (P) 147.32; (R1) 148.11; More… Intraday bias in USD/JPY stays neutral and outlook remains bearish with 38.2% retracement of 161.94 to 141.67 at 149.41 intact and intraday bias stays neutral. Below 145.42 minor support will turn bias to the...
Bitcoin Investors Showcase Renewed HODLing Behavior Amid Market Uncertainty
Rebeca Moen Aug 13, 2024 13:40 Despite recent market downtrends, Bitcoin investors are increasingly adopting HODLing behavior, indicating a shift towards accumulation, according to Glassnode Insights. Despite...
RBI penalises CSB Bank, Union Bank of India, others, BFSI News, ET BFSI
The Reserve Bank of India on Monday imposed penalties on five entities, including CSB Bank, Union Bank of India and Muthoot Housing Finance for contravention of various regulatory norms. A penalty of Rs 1.86 crore has been imposed on CSB Bank for non-compliance with...
Home Depot (HD) Q2 2024 earnings
Home Depot on Tuesday topped quarterly expectations, but cautioned that sales will be weaker than expected in the back half of the year as high interest rates and consumer uncertainty dampen demand.The home improvement retailer said it now expects full-year comparable...
WTI crude oil prices rise for the 5th day in a row. Australian dollar rises amid strong economic data :: InvestMacro
By JustMarketsAt Monday’s close, the Dow Jones (US30) Index was down 0.36%, while the S&P 500 (US500) Index closed at its opening level. The NASDAQ Technology Index (US100) closed positively, 0.21%. Strengthening chip stocks supported the overall market, led by...
Dollar Softens after PPI, Kiwi Strong Ahead of RBNZ
Dollar weakens broadly in early US session after July’s PPI came in lower than expected, signaling easing in inflationary pressures. This development was well-received by investors, with stock futures ticking up slightly and 10-year Treasury yield dipping in response....
Rana AK Singh takes charge as MD at SBI, BFSI News, ET BFSI
Rana Ashutosh Kumar Singh has taken charge as managing director in charge of the risk compliance department and the stressed assets resolution group at State Bank of India after the government approved his appointment last week.Gajendra Singh Rana, former chief...
Chipotle stock falls as CEO Brian Niccol leaves for Starbucks
Chipotle stock fell as much as 10% in premarket trading Tuesday as the company announced CEO Brian Niccol would be leaving his role on Aug. 31 to become CEO of Starbucks.Niccol began as Chipotle CEO in March 2018. Chipotle stock has risen more than 700% since since he...
US PPI at 0.1% mom, 2.2% yoy in Jul, below expectations
US PPI for final demand rose 0.1% mom in July, below expectation of 0.2% mom. PPI goods rose 0.6% while PPI services fell -0.2% mom. PPI less foods, energy, and trade services rose 0.3% mom. For the 12 months ended in July, PPI rose 2.2% yoy, slowed from 2.7% yoy,...
Marathon Digital Holdings Prices Oversubscribed $250M Convertible Senior Notes Offering
Alvin Lang Aug 13, 2024 12:31 Marathon Digital Holdings announces pricing of $250 million in oversubscribed convertible senior notes, primarily to acquire bitcoin and for general corporate purposes. Marathon...
ZERO Markets named official trading partner of Wolverhampton Wolves
English Premier League football club Wolverhampton Wanderers FC, famously known as the Wolves, has announced that Australia based Retail FX and CFDs broker ZERO Markets is the club’s official trading partner, ahead of the 2024/25 EPL season opener away at Arsenal this...
AUD/NZD: A Dovish RBNZ May Maintain Aussie Outperformance Over Kiwi
New Zealand’s core inflation trend has decelerated at a faster pace than Australia. RBNZ may use tomorrow’s monetary policy meeting to offer dovish guidance and bring forward its projected first interest rate cut in H1 2025. A dovish hold by RBNZ may reinforce the...
SBI aims to sell its Yes Bank stake worth Rs 18,420 cr by end-March, ET BFSI
State Bank of India (SBI), the country's largest lender, aims to strike a deal by end-March for the sale of its 24% stake worth 184.2 billion rupees ($2.2 billion) currently in smaller rival Yes Bank, four sources with direct knowledge said.Japanese lender Sumitomo...
Starbucks replaces CEO Laxman Narasimhan with Chipotle CEO Brian Niccol
Laxman Narasimhan, incoming Starbucks CEO, Sept. 7, 2022.CNBCStarbucks announced Tuesday it's replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol.Shares of Starbucks rose 10% in premarket trading on the news.Narasimhan took over as chief executive in March...
Paysafe registers 9% Y/Y increase in revenues in Q2 2024
Payments platform Paysafe Limited (NYSE:PSFE) today announced its financial results for the second quarter of 2024. Total revenue for the second quarter of 2024 was $439.9 million, an increase of 9%, compared to $402.3 million in the prior year period, reflecting 7%...
Gold Price Near Historic High Today
As shown on the XAU/USD chart, the gold price is near $2,460 today, despite the 8th August candle opening around $2,385. This means that in just over three full trading sessions, the price per ounce has risen by approximately 3.3%. It is now only about 1.6% away from...
Exploring Proof of Stake: A Sustainable Solution for Web3
Terrill Dicki Aug 13, 2024 11:56 Discover the benefits of Proof of Stake (PoS), a greener blockchain consensus mechanism ensuring security and decentralization in the web3 ecosystem. Proof of Stake (PoS) is...
BFSI ranks second highest in preference to lease green-certified buildings, ET BFSI
Representational imageA recent trend has been highlighted where the the occupiers’ preference to lease green-certified buildings has been seeing an uptick in India.According to a report by real estate consultancy Colliers, during the April-June quarter this year, 12.9...
Kotak Bank, BFSI News, ET BFSI
Kotak Mahindra Bank on Monday said Sonata Finance Private Ltd and BSS Microfinance Ltd, both wholly-owned subsidiaries of the bank, at their respective board meetings have approved a scheme of amalgamation. As per the scheme of amalgamation approved on Monday, Sonata...
Exclusive: Eightcap names Rositsa Radovanova as General Manager Europe
FNG Exclusive… FNG has learned that Australia based Retail FX and CFDs broker Eightcap has named Bulgaria based executive Rositsa Radovanova as General Manager, Europe at the company. Rositsa Radovanova joined Eightcap in 2021 and has served as Sales and Client...
NVIDIA Maxine and VideoRequest Revolutionize Video Communication with AI
Darius Baruo Aug 13, 2024 11:12 NVIDIA Maxine's AI-powered platform enhances video communication for businesses, educators, and content creators through its partnership with VideoRequest. Effective video...
Cryptocurrency Rally Loses Momentum – Action Forex
Market Picture Over the past 24 hours, the cryptocurrency market has rallied 1.6% to $2.08 trillion, but in the past few hours, there has been a sell-off from a high of $2.15 – roughly the midpoint of the past 30 days’ range. Although cryptocurrency prices are higher...
Murdoch family battle highlights Nevada’s secret trust boom
(L to R) Rupert Murdoch, executive chairman of News Corp and chairman of Fox News, and Lachlan Murdoch, co-chairman of 21st Century Fox, walk together as they arrive on the third day of the annual Allen & Company Sun Valley Conference, July 13, 2017 in Sun Valley,...
Public sector banks hike MCLR following RBI Monetary Policy status quo, ET BFSI
Public sector banks, including Bank of Baroda (BoB), Canara Bank, and UCO Bank, have announced an increase in their marginal cost of fund-based lending rate (MCLR) following the Reserve Bank of India's (RBI) recent monetary policy statement. The rate hikes, effective...
Will Madhabi Puri Buch get a clean chit like former SEBI chairman C B Bhave?, ET BFSI
Hindenburg Research has accused Madhabi Puri Buch, Chairperson of the Securities and Exchange Board of India (SEBI), of holding stakes in offshore entities allegedly linked to the Adani Group. The research firm has raised concerns about potential conflicts of interest...
HelloFresh shares pop 11% as meal kit giant beats profit estimates
Shares of German meal kit firm HelloFresh jumped on Tuesday after the company reported a better-than-expected profit in the second quarter and said its ready-to-eat meals segment saw rapid growth.HelloFresh shares climbed as much as 20% during morning trade, but had...
BNB Chain Celebrates Anniversary with Ecosystem Catalyst Awards
Luisa Crawford Aug 13, 2024 10:45 BNB Chain announces its 4th Anniversary Ecosystem Catalyst Awards to honor innovative projects in categories like DeFi, Gaming, and Infrastructure. As BNB Chain’s 4th...
ESMA recognises CDS Clearing and Depository Services as Tier 1 CCP
The European Securities and Markets Authority (ESMA) has signed a Memorandum of Understanding (MoU) with the British Columbia Securities Commission and updated its list of recognised third-country central counterparties (TC CCPs) under the European Markets...
Brent Crude Oil Faces Demand Concerns Despite Recent Gains
After five consecutive days of upward movement, Brent crude oil is now experiencing a consolidation phase, with prices retreating slightly to 81.80 USD per barrel on Tuesday. Market sentiment is being influenced by renewed concerns over global oil demand, particularly...
How to Fork Ethereum Mainnet?
In the Ethereum blockchain setting, the forking of Ethereum Mainnet is a common practice. It basically involves developing a local copy of an Ethereum Mainnet. This is done for development as well as testing purposes. Hardhat is one of the most popular tools among...
RBI announces new regulations for NBFCs regarding deposit withdrawals, ET BFSI
Reserve Bank of India (RBI) has announced new regulations for non-banking financial companies (NBFCs) regarding deposit withdrawals. As per the statement, starting January 1, 2025, NBFCs will be required to return the full deposit amount to depositors within the first...
EUR/USD Outlook: In Quiet Mode, Awaiting Economic Data for Fresh Ssignals
EURUSD is holding within a narrow congestion, capped by Fibo resistance at 1.0933 (Fibo 61.8% of 1.1139/1.0601), as markets slowed ahead of key release this week – US inflation report. German ZEW economic sentiment (July f/c 32.6 vs June 41.8) due in a while, would...
Trader to pay $100k fine for violations of CME rules
International derivatives marketplace CME Group has issued a notice of disciplinary action against Andrew Middlebrooks. The Chief Regulatory Officer of CME Group’s Market Regulation Department issued charges against Andrew Middlebrooks for violating Rules 432.W. and...
Pathways for achieving 10-fold growth in next 25 years, ET BFSI
">"While this is ambitious, China did something similar during 1980 – 2000, and there is no reason why India cannot achieve this large growth if it gets its mind into doing so. Ambitious targets get us somewhere, even if not all the way there. Unambitious ones get...
New AI Tool Enhances Video Accessibility for Blind and Low-Vision Users
James Ding Aug 13, 2024 09:51 An innovative AI system, SPICA, revolutionizes video accessibility for blind and low-vision users with interactive, layered audio descriptions. New research aims to revolutionize...
German ZEW plummets to 19.2, economy breaking down
Germany’s ZEW Economic Sentiment index took a significant hit in August, falling sharply from 41.8 to 19.2, well below the expected 30.6. This marks the steepest monthly decline since July 2022. Current Situation Index also worsened, dropping from -68.9 to -77.3....
MSCI to increase HDFC Bank’s weightage in Global Standard Index in 2 tranches, ET BFSI
Global index service provider MSCI today announced that the India’s largest private lender HDFC Bank’s weightage will be increased in its Global Standard Index but in 2 tranches, leading to expected passive inflows of $1.8 billion in the Nifty stock.The long-awaited...
An earthquake with a magnitude of 4.4 has struck the Los Angeles area, the USGS says
A 4.4 Magnitude earthquake shoot the Los Angeles area on Aug. 12th, 2024USGSAn earthquake with a magnitude of 4.4 struck the Los Angeles area shortly after noon on Monday, the U.S. Geological Survey said.People reported feeling it strongly across the Los Angeles area....
Exclusive: Finstek hires T4B exec Sergei Gruzin as CCO
FNG Exclusive… FNG has learned that trading tech provider Finstek has hired Sergei Gruzin as its new Chief Commercial Officer (CCO). Sergei Gruzin joins Finstek from liquidity bridge solutions company Tools for Brokers, where – based in Singapore – he served as Head...
GBP/USD Edges Higher as Wage Growth Hits Lowest Level in 2 Years
Unemployment rate fell to 4.2%, with a decrease in both short-term and long-term unemployment. UK wage growth slowed to its lowest level in two years, yet surpassed market expectations. Despite positive jobs data, BoE policymakers warn of potential inflation rebound...
India and Russia eye dynamic rupee-rouble rate, vostro balance to bypass dollar trade barriers, ET BFSI
India and Russia are exploring the idea of a dynamic reference rate to start a rupee-rouble market, along with allowing greater deployment of the rupee balance that has accumulated in course of trade between the two countries since outbreak of the Ukraine war.A...
BitMEX to List NEIROUSDT Perpetual Swap with 10x Leverage
Peter Zhang Aug 13, 2024 08:43 BitMEX announces the listing of NEIROUSDT perpetual swap with up to 10x leverage, available for trading starting August 13. BitMEX has announced the upcoming listing of a new...
How will RBI’s proposed delegated payments feature in UPI work?, ET BFSI
The Reserve Bank of India (RBI) has announced a new feature for the Unified Payments Interface (UPI) called 'delegated payments." This feature is designed to enhance the reach and usability of UPI across India, particularly in areas where financial literacy is limited...
Harris economic policy draws on Biden alums Brian Deese, Mike Pyle
US Vice President and Democratic presidential candidate Kamala Harris speaks during a campaign rally at the Thomas and Mack Center, University of Nevada in Las Vegas, Nevada, on August 10, 2024. Ronda Churchill | Afp | Getty ImagesEconomist Brian Deese has begun...
Salary of IG CEO Breon Corcoran set at £800k on appointment, not to be increased for FY25
Electronic trading major IG Group has published its latest annual report, shedding light on top management remuneration, including joining arrangements for Breon Corcoran. As announced in December 2023, following a comprehensive global search process Breon Corcoran...
EURUSD Bulls Don’t Want to Give Up
EURUSD maintains sideways move as 1.0940 barrier blocks the way up Technical risk is on the positive side; eyes on 1.0970 too US PPI due at 12:30 GMT; FOMC member Bostic speaks today EURUSD continues to face restrictions near the 1.0940 level and the resistance...
Top Creators Expand Global Reach with ElevenStudios’ AI Dubbing
Darius Baruo Aug 13, 2024 08:10 ElevenStudios partners with top YouTubers to offer AI-dubbed content in multiple languages, breaking down language barriers. ElevenLabs, a leader in AI-driven content solutions,...
RBI tightens rules for housing finance companies, BFSI News, ET BFSI
The RBI on Monday issued revised guidelines as part of the phased transition towards tighter regulations for housing finance companies (HFCs) to harmonise them with Non-Banking Financial Companies (NBFCs).The revised regulations shall be applicable with effect from...
RBI sets up expert committee on benchmarking of its statistics, ET BFSI
The RBI on Monday announced setting up a committee under deputy governor Michael Debabrata Patra on benchmarking the statistics regularly disseminated by it against global standards. The 10-member 'Expert Committee on Benchmarking of its Statistics' has been asked to...
CPI inflation down, but road ahead could be bumpy: SBI Report, ET BFSI
New Delhi [India], August 13 (ANI): India's Consumer Price Index (CPI) inflation dropped to 3.54 per cent in July 2024, its lowest in nearly five years, largely driven by a decline in vegetable prices. However, despite this positive development, the State Bank of...
Bitcoin bulls frontrun Trump-Musk interview
Bitcoin is up about 1% in early trade today at $59,500. That's just normal volatility for crypto but there could also be a premium in it with Elon Musk set to interview Donald Trump any time now. The conversation could shift to crypto and some could be trying to...
FX option expiries for 13 August 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.The first being for EUR/USD at the 1.0900 mark again. So, that will help to keep a floor on price action at least until we get to the US PPI data later in the day.Similarly, the ones for AUD/USD at...
Japan’s quest to revive its semiconductor industry
In the 1980s, Japan was the dominant player in the semiconductor market. But huge shifts in the way the chip supply chain operated eroded that leading-edge.Countries like Taiwan with TSMC, the world's largest and most advanced semiconductor manufacturer, began to...
Elon Musk, Donald Trump event on X crashes site, Tesla CEO blames cyberattack
Elon Musk (L) and Donald Trump (R).David Swanson | Vincent Alban | ReutersElon Musk's much-hyped interview of former President Donald Trump on the social media platform X was nearly derailed early on by technical glitches in the first minutes of the scheduled start...
Pound Strengthens on UK Jobs Data, But Eyes Further Economic Releases
Sterling is making notable gains after UK employment data revealed an unexpected drop in the unemployment rate for June. Additionally, July’s figures showed continued growth in payrolled employment and a rebound in wage growth. This robust set of data strengthens the...
NVIDIA NVLink and NVSwitch Enhance Large Language Model Inference
Felix Pinkston Aug 13, 2024 07:49 NVIDIA's NVLink and NVSwitch technologies boost large language model inference, enabling faster and more efficient multi-GPU processing. Large language models (LLMs) are...
SEC charges NovaTech in connection with $650M crypto fraud
The Securities and Exchange Commission (SEC) on Monday charged Cynthia and Eddy Petion, along with their company, NovaTech Ltd., for operating a fraudulent scheme that raised more than $650 million in crypto assets from more than 200,000 investors worldwide. The SEC...
CFI expands JFA partnership as league renames to “Jordanian Pro League – CFI”
Leading online broker CFI has announced a significant expansion of its strategic partnership with the Jordan Football Association (JFA) through its branch, CFI Jordan. This milestone includes the renaming of the Jordanian Pro League, the pinnacle of professional...
Australian Dollar Gains Ground, Eyes Wage Growth
The Australian dollar has started the week in positive territory. AUDUSD is trading at 0.6596 in the European session, up 0.41% on the day at the time of writing. Australian dollar recovers as markets stabilize The Australian dollar has quickly recovered from the...
SpaceX repeatedly polluted waters in Texas, TCEQ, EPA found
SpaceX's Starship launches its fourth flight test from the company's Boca Chica launchpad, designed to eventually send astronauts to the moon and beyond, near Brownsville, Texas, U.S. , in this handout picture obtained on June 6, 2024. Spacex | Via ReutersElon Musk's...
IG Group CEO Breon Corcoran steps down as Chair of Auction Technology Group
Electronic trading major IG Group Holdings plc (LON:IGG) has been notified that Breon Corcoran, Chief Executive Officer of the Company, has stepped down as Chair and Non-Executive Director of Auction Technology Group plc with effect from 9 August 2024. Mr Corcoran has...
GM reveals redesigned GMC Terrain as brand’s entry-level model
2025 GMC Terrain ElevationGMDETROIT — General Motors on Monday revealed redesigned versions of its entry-level GMC Terrain crossover, including a new standard "Elevation" model.The compact crossover features a more rugged exterior design. It also has a new interior...
EU warns Elon Musk ahead of Trump interview to keep hate speech off X
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty ImagesThe European Commission on Monday warned X...
AUD/USD Outlook: Lifted by Fresh Risk Appetite, Retests Key Resistance Zone
AUDUSD advanced 0.5% in Asian / European trading on Monday, to completely reverse Friday’s drop and generate initial signal of bullish continuation. Fresh strength cracked pivotal barriers at 0.6600 zone (converged 200/100DMA’s / base of rising daily cloud, where...
Toru Nakashima joins Jefferies Board of Directors
Jefferies Financial Group, Inc. (NYSE:JEF) today announced the appointment of the Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) President and Group Chief Executive Officer, Toru Nakashima, to Jefferies’ Board of Directors effective August 12, 2024. The appointment...
News of the Week (August 12— August 16): NZDUSD Market Review
Focus on NZDUSD! Exciting trading possibilities are just around the corner. The NZDUSD pair is usually called the “Kiwi,”. It denotes the exchange rate between the New Zealand dollar and the US dollar. It is usually regarded as one significant indicator of the...
Cboe Global Markets starts publishing intraday values for VIXTLT Index
Derivatives and securities exchange network Cboe Global Markets, Inc today announced it has begun publishing intraday values for the new Cboe 20+ Year Treasury Bond ETF Volatility Basis Point Index (VIXTLT Index). Leveraging Cboe’s proprietary VIX® Index methodology,...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 145.96; (P) 146.89; (R1) 147.49; More… USD/JPY’s rebound from 141.67 extends higher today but stays below 38.2% retracement of 161.94 to 141.67 at 149.41. Intraday bias stays neutral and outlook remains bearish. Below 145.42 minor support will turn...
Hong Kong Monetary Authority Announces FPS Downtime for System Enhancement
Zach Anderson Aug 12, 2024 15:17 Hong Kong Monetary Authority plans a system enhancement for the Faster Payment System (FPS) on August 18, 2024, causing a temporary service outage. The Hong Kong Monetary...
Disney is hoping for a box office rebound built on sequels, prequels and pixie dust
Bob Iger, CEO, The Walt Disney Company appears at the Disney Entertainment Showcase at D23: The Ultimate Disney Fan Event in Anaheim, California on August 09, 2024.Araya Doheny | Getty Images Entertainment | Getty ImagesWhen Disney CEO Bob Iger stepped onto the stage...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8632; (P) 0.8652; (R1) 0.8673; More… USD/CHF’s recovery from 0.8431 extends higher today but stays below 38.2% retracement of 0.9223 to 0.8431 at 0.8734. Intraday bias remains neutral and further decline is still expected. On the downside, below...
SEC orders Cadaret, Grant & Co to pay over $6M
The Securities and Exchange Commission (SEC) today announced settled charges against New York-based registered investment adviser Cadaret, Grant & Co., Inc., for breaches of its fiduciary duty related to its receipt of third-party revenue without fully and fairly...
IOTA Revolutionizes Intellectual Property Rights Management with Smart Contracts
Alvin Lang Aug 12, 2024 16:05 IOTA Foundation introduces a prototype to streamline intellectual property rights management using blockchain technology and smart contracts. The IOTA Foundation has unveiled a...
Equinox Group-owned gym chain Blink Fitness files for bankruptcy
Blink Fitness location in New York City. Bill Tompkins | Michael Ochs Archives | Getty ImagesBlink Fitness, a budget-friendly gym chain owned by luxury fitness company Equinox Group, has filed for Chapter 11 bankruptcy.The low-cost fitness brand, with more than 100...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2731; (P) 1.2753; (R1) 1.2779; More… Range trading continues in GBP/USD and intraday bias stays neutral. Another fall is in favor as long as 1.2839 resistance holds. Below 1.2664 will target 1.2612 support. Decisive break there should confirm that...
Binance to Delist CVP, EPX, FOR, LOOM, REEF, VGX on August 26, 2024
Tony Kim Aug 12, 2024 16:24 Binance announces the delisting of CVP, EPX, FOR, LOOM, REEF, and VGX from its platform effective August 26, 2024, citing the need to maintain high standards. Binance, one of the...
CME permanently suspends trader for engaging in prohibited disruptive practices
International derivatives marketplace CME Group today posted a notice of disciplinary action against Marcio Tavares. The Chief Regulatory Officer issued charges against Marcio Tavares for violating CME Rules 432.L.1., 575.A., and 575.B., based on allegations that on...
British Pound Calm ahead of UK Jobs Report
The British pound is drifting on Monday. GBP/USD is trading at 1.2768 early in the North American session, up 0.08% on the day. Wage growth expected to slide The UK releases the employment report for the three months to June and we could see signs of a cooling labour...
Everything we learned at Disney’s parks panel at the 2024 D23 Expo
A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella's Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty ImagesThe time of villains has come.Disney's classic...
TrioMarkets targets Africa traders with Enyimba FC sponsorship
Nigerian Professional Football League club Enyimba FC has announced that Retail FX and CFDs broker Triomarkets has become its official global trading partner. The partnership will see the TrioMarkets logo featured on the club’s kits and other touch points for the...
Binance Completes Sei (SEI) EVM Integration, Opens Deposits and Withdrawals
Peter Zhang Aug 12, 2024 15:40 Binance has successfully completed the Sei (SEI) EVM integration, allowing users to deposit and withdraw SEI tokens via the EVM network, according to Binance. Binance, one of the...
New Zealand Dollar Higher, Focus on RBNZ
The New Zealand dollar has started the week with gains. NZD/USD is trading at 0.6026 in the North American session, up 0.45% at the time of writing. Will the RBNZ lower rates this week? The Reserve Bank of New Zealand meets on Wednesday and it’s a live meeting as the...
‘Deadpool & Wolverine’ tops $1 billion at the global box office
Ryan Reynolds and Hugh Jackman star in Marvel's "Deadpool & Wolverine."DisneyThe "Merc with a Mouth" is breaking even more box office records.Over the weekend, Disney and Marvel's "Deadpool & Wolverine" became only the second R-rated film to top $1 billion at...
Retail Inflation for July at 3.54%, lowest in nearly 5 years, BFSI News, ET BFSI
India’s Consumer Price Index recorded a 59 month low at 3.54%, as released by the Ministry of Statistics and Programme Implementation on Monday.Previous month in June, India’s retail inflation stood at 5.08%, alongwith the food inflation at another high at 9.36%. The...
Silver Could Be Bottoming – Action Forex
Silver has been slowing down for the last three months, but drop on 4h time frame is in three waves A-B-C, which indicates for a corrective decline within higher degree wave IV. It’s now potentially finishing final subwave (5) of C at 26,50 – 26,00 strong and key...
Musk interviews Trump on X as Harris reshapes presidential race
This combination of photos shows former President Donald Trump during rally at the Minden Tahoe Airport in Minden, Nev., Oct. 8, 2022, left, and Elon Musk in Wilmington, Del., July 12, 2021.APElon Musk will interview former President Donald Trump Monday evening on X,...
TradingView adds data from Zhengzhou Commodity Exchange
TradingView has added futures data from the Zhengzhou Commodity Exchange (ZCE). Founded in 1990 as a pilot exchange in China’s futures market, ZCE operates under the regulation of the China Securities Regulatory Commission (CSRC). ZCE is committed to maintaining a...
Why banks are being told to focus on small deposits
Finance minister Nirmala Sitharaman stressed the importance of mobilising small deposits, which she described as the “bread and butter” of banking operations.
Macy’s store closures will change malls
A customer enters a Macy's store that is set to close at Bay Fair Mall on February 27, 2024 in San Leandro, California. Justin Sullivan | Getty ImagesMacy's decision to close nearly a third of its stores will spark change in malls and communities across the U.S.Some...
US CPI and Retail Sales Data to Test Fed Rate Cut Bets
Investors panicked after NFP report But incoming data eased fears and rate cut bets Still, market pricing remains overly dovish Focus turns to US CPI on Wednesday and retail sales on Thursday, at 12:30 GMT Latest data ease recession fears Following the...
Robinhood hires ex Lyft tech head Jeff Pinner as CTO
US neobroker Robinhood (NASDAQ:HOOD) has announced that Jeff Pinner has joined the company as Chief Technology Officer (CTO). Robinhood said that Jeff is a deeply respected innovator who will help the company accelerate its product roadmap, scale infrastructure,...
ViewTrade Expands Global Presence with New Office in GIFT City, India and IFSC License, ET BFSI
PRNewswireJersey City (New Jersey) [US]/ Ahmedabad (Gujarat) [India], August 12: ViewTrade Holding Corporation ("ViewTrade") announced, today, the establishment of its newly licensed brokerage and fintech regional headquarters subsidiary, ViewTrade International IFSC...
MIxed open for the major indices. Dow down. S&P marginally higher. Nasdaq up.
The major US stock indices are opening today mixed. The Dow Industrial Average versus lower. The S&P index is marginally higher while the NASDAQ index is a little better than marginally higher.A snapshot of the major indices nine minutes into the open is showing:...
Musk embraces Trump and scorns subsidies. But Tesla still lobbies for US benefits
Elon Musk, chief executive officer of Tesla Inc., right, at the US Capitol in Washington, DC, US, on Wednesday, July 24, 2024. Samuel Corum | Bloomberg | Getty ImagesWhen Elon Musk endorsed Donald Trump for president last month, the Tesla founder and chief executive...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0906; (P) 1.0919; (R1) 1.0929; More….. Outlook in EUR/USD is unchanged and intraday bias stays neutral. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, above 1.0944 minor resistance...
From Citi to 3i to Hindenburg’s crosshairs, the many lives of banker turned investor Anil Ahuja, ET BFSI
Mumbai: As a “small, hidden, obscure,” Mauritius investment vehicle, IPE Plus Fund, finds itself in the crosshairs of Hindenburg Research, its New Delhi-born, Singapore-based, founder and chief investment officer (CIO) Anil Ahuja finds himself in the news yet...
European gas prices jump to an 8-month high. Canada’s labor market is cooling down :: InvestMacro
By JustMarketsOn Friday, the Dow Jones (US30) was up 0.13% (for the week+1.17%), while the S&P 500 (US500) was up 0.47% (for the week+3.75%). The NASDAQ Technology Index (US100) closed positive 0.51% (for the week+6.57%). That day, all sectors ended trading in...
PSU banks raise loan rates as deposit costs rise, ET BFSI
Public sector lenders Bank of Baroda (BoB), Canara Bank and UCO Bank on Sunday announced an increase in their benchmark marginal cost of fund-based lending rate (MCLR), a day after the Reserve Bank of India (RBI) released its monetary policy statement.BoB and Canara...
Yen and Swiss Franc Weaken in Quiet Markets as Focus Shifts to Australian Data
Yen and Swiss Franc weaken slightly in today’s subdued trading environment. With the economic calendar offering little in terms of market-moving events during the European and US sessions, currency movements have been minimal. Meanwhile, Australian and New Zealand...
5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day:1. Whirlwind week Stocks nearly recovered to break even last week after a rout on Monday. The Dow Jones Industrial Average ended the week down 0.6%, while the S&P 500 and Nasdaq...
Hang Seng Index: Medium-Term Bullish Trend Damaged
China’s lacklustre core consumer inflation growth for July suggests the current pace of piecemeal stimulus measures is not sufficient to eradicate deflationary pressures. The “non-abating” deflationary risk scenario pushed the 10-year China sovereign bond yield to a...
Trading Technologies closes acquisition of START
Trading Technologies International, Inc. (TT), a capital markets technology platform provider, today announced that TT’s acquisition of START, a broker-neutral trade optimization platform, from Abel Noser Holdings, is now complete. This represents the second and final...
Jocata launches One Case Manager enabling Financial Institutions comply by RBI’s single dashboard circular, ET BFSI
VMPLNew Delhi [India], August 12: Jocata, a leading RegTech partner for the BFSI industry announces the pan-India rollout of its industry-first offering called 'One Case Manager'. Jocata One Case Manager comes at a time when RBI circular dated January 2024 directs the...
How yen carry trade unwinding may impact Indian markets, BFSI News, ET BFSI
The potential unwinding of the yen carry trade poses a significant threat to Indian markets, especially as yen-denominated investments in the country have surged 251% since January 2023, reaching $21 billion. This rapid increase in yen-driven inflows highlights the...
OPEC downgrades oil demand growth estimates for 2024
OPEC downgraded its global oil demand forecast for 2024, now expecting an increase of 2.11 million barrels per day (bpd), slightly lower than the 2.25 million bpd projected last month. The organization also adjusted its demand growth estimate for next year, lowering...
NZD/USD gains momentum ahead of RBNZ meeting :: InvestMacro
By RoboForex Analytical DepartmentThe New Zealand dollar is steadily rising against the US dollar, with the NZD/USD pair reaching 0.6014 as of Monday. The financial markets are gearing up for Wednesday’s Reserve Bank of New Zealand (RBNZ) meeting. Analysts widely...
Check details of Banking Laws (Amendment) Bill, 2024, ET BFSI
Finance Minister Nirmala Sitharaman introduced the Banking Laws (Amendment) Bill, 2024, which includes a proposal to increase the number of nominees allowed per bank account and locker from the current limit of one to four.Bank locker charges 2024: SBI vs HDFC Bank vs...
Will RBNZ Start Cutting Rates Sooner Than Later
RBNZ could keep interest rates steady but signal easing sooner rather than later Economic picture shows signs of stress but no red flags yet NZDUSD approaches 0.6060-0.6080 resistance territory NZ employment data sway rate cut bets Q2 employment data from New Zealand...
Hindenburg Research on SEBI Chairman is not credible but self-serving speculation, says Supreme Court Advocate, ET BFSI
While corporate governance issues in India must certainly be scrutinized, the authenticity and motives behind such opaque reports by random foreign entities such as Hindenburg Research are questionable. Despite dressing up their claims in a gloss of research, the...
Nium seeks FX authorization in Brazil
Nium, a provider of real-time cross-border payments, is strengthening its presence in Latin America by applying for essential licenses, joining key fintech associations, expanding its employee presence, and signing new customers. This month Nium applied for a Payment...
Wealth management startup Neo Group secures Rs 400 crore from MUFG Bank, Euclidean Capital, ET BFSI
Wealth and asset management startup Neo Group has raised Rs 400 crore (around $47 million) in a fresh equity funding round led by Japanese lender MUFG Bank along with New York-based Euclidean Capital.Peak XV Partners, which had invested around $35 million in October...
NZD/USD Gains Momentum ahead of RBNZ Meeting
The New Zealand dollar is steadily rising against the US dollar, with the NZD/USD pair reaching 0.6014 as of Monday. The financial markets are gearing up for Wednesday’s Reserve Bank of New Zealand (RBNZ) meeting. Analysts widely anticipate that the RBNZ will maintain...
Algorithmic Trading in Fintech: A Game-Changer in Modern Finance
The introduction of technology in the domain of finance opened new avenues for innovation. Artificial intelligence has emerged as one of the most powerful technologies with the potential to transform financial services. The introduction of fintech algorithmic...
Sensationalism or cause for concern? What experts and Opposition say on Hindenburg vs SEBI issue, ET BFSI
Hindenburg Research's recent allegations against SEBI Chairperson Madhabi Puri Buch have sparked significant debate. While many experts dismiss the claims as baseless and sensationalist, with notable figures like former Infosys CFO Mohandas Pai and Deepak Shenoy...
Axi, Girona FC renew partnership for two more seasons
Retail Forex and CFD broker Axi has announced a renewal of its partnership with LaLiga club, Girona FC, for two more seasons. Since partnering with the Spanish club at the beginning of the 2023/24 season as their Official LATAM Online Trading Partner, the team have...
IIHL transfers money to creditors in first step to take over Reliance Capital, ET BFSI
IndusInd International Holdings (IIHL), the winning bidder to take over Reliance Capital Ltd has transferred Rs 2750 crore to a designated escrow amount in line with the National Company Law Tribunal (NCLT) directions, one person with the direct knowledge of the...
USD/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 145.96; (P) 146.89; (R1) 147.49; More… Intraday bias in USD/JPY stays neutral for the moment. While further rally cannot be ruled out, outlook will stay bearish as long as 38.2% retracement of 161.94 to 141.67 at 149.41 holds. Below 144.04 minor...
Harris narrowly ahead of Trump with voters on the economy: Poll
U.S. Vice President and Democratic presidential candidate Kamala Harris speaks at her campaign headquarters in Wilmington, Delaware, on July 22, 2024. Harris on Monday compared her election rival Donald Trump to "predators" and "cheaters," as she attacked the first...
RBI expected to begin rate cuts in October, with two reductions this fiscal: Crisil, ET BFSI
New Delhi [India], August 11 (ANI): The Reserve Bank of India (RBI) may begin lowering interest rates around October, provided that external factors like weather conditions and international commodity prices do not cause any disruptions, the credit rating agency,...
EUR/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.0906; (P) 1.0919; (R1) 1.0929; More….. Intraday bias in EUR/USD remains for the moment. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, above 1.0944 minor resistance will bring...
How to Handle Your Afternoon Slump in Your Small Business » Succeed As Your Own Boss
Managing and taking strategic breaks is essential for business owners to combat the natural dip in energy often experienced around 3 PM. This afternoon slump is a common phenomenon due to the body’s circadian rhythm, which signals a decrease in alertness and energy...
Spreadex renews as sponsor of Watford FC
Watford Football Club has announced that its partnership with financial spread betting and sports betting firm Spreadex has been renewed leading into the 2024/25 campaign. Watford FC competes in the EFL Championship, the second tier of English football. Spreadex...
Centre starts work to restore power of PSBs to issue look-out circulars, ET BFSI
The government and banks have held consultations with attorney general R Venkataramani on restoring the powers of public sector banks (PSBs) to issue look-out circulars (LOCs) against defaulters.Lenders have submitted their arguments and are hopeful of a swift...
Markets unfazed by Hindenburg report, trade in green, BFSI News, ET BFSI
Mumbai (Maharashtra) [India], August 12 (ANI): The stock markets showed resilience on Monday during mid-trading, shrugging off concerns raised by the recent Hindenburg report.Despite opening with a slight dip, both the BSE Sensex and Nifty 50 indices managed to...
DirecTV is pushing its pay TV bundle — without a satellite dish
The "For the Birds" ad campaign for DirecTV emphasizes customers don't need a satellite dish anymore for service. The pigeons are voiced by former NFL star Deion Sanders, and actors Steve Buscemi and Henry Winkler.Courtesy: DirecTVCoach Prime wants consumers to know...
New IBBI guidelines aim at faster decisions and dispute resolution in insolvency process, ET BFSI
The Insolvency and Bankruptcy Board of India (IBBI) has introduced a comprehensive set of guidelines for the Committee of Creditors (CoC) aimed at enhancing transparency, reducing delays, and maximizing the value of assets during the corporate insolvency resolution...
Back in Business – Action Forex
In focus today Danish CPI is due this morning, and we expect inflation to decline from 1.8% in June to 0.9% in July, as last year’s temporary suspension of the electricity fee exits the inflation measure. In the week ahead, we will watch out particularly for US...
Biden-Harris new regulations would target corporations that waste consumers time
U.S. President Joe Biden attends a press conference during NATO's 75th anniversary summit, in Washington, U.S., July 11, 2024. Leah Millis | ReutersThe Biden Administration on Monday unveiled a new, multi-agency regulatory initiative to target corporate practices that...
Exclusive: William Mead named Head of Operations at IG Group
FNG Exclusive… FNG has learned that leading UK based online trading firm IG Group (LON:IGG) has named William Mead as the company’s new Head of Operations. William Mead has been at IG for 13 years, joining in 2013 in Trading Services before being named Global Head of...
Bajaj Finance gets show-cause notice for ‘GST evasion’ of ₹341 crore, ET BFSI
Recently, Bajaj Finance has received a ₹341 crore show-cause notice from the Directorate General of Goods and Services Tax Intelligence (DGGI) alleging tax evasion on loan processing charges, as per an Economic Times report.The consumer finance company faces 100%...
RBI to introduce UPI ‘Delegated Payments’, ET BFSI
The Reserve Bank of India (RBI) has proposed introducing a “Delegated Payments” facility in UPI. According to the RBI Governor Monetary Policy Meeting Statement on Developmental and Regulatory Policies, “The Unified Payments Interface (UPI) has a very large user base...
Gold on Track to Revisit All-Time High
Gold advances after bouncing off 50-day SMA The bulls eye recent record high as next target Oscillators are cautiously tilted to the upside Gold has been trading back and forth within a range in the past month, unable to adopt a clear directional impetus. In the near...
PayNearby’s Jayatri Dasgupta, ET BFSI
Economies grow when more women join the workforce, says a UN report. So if India wants to grow faster, the women in the country — who make up about 50% of the population — must get employment opportunities, says Jayatri Dasgupta, Program Director, Digital Naari,...
U.S. sends more forces to the Middle East to ‘defend Israel’
This handout photo provided by the US Navy shows the aircraft carrier USS Abraham Lincoln, left, in 2019.Zachary Pearson | U.S. Navy Handout | Getty ImagesThe U.S. is sending more troops and military hardware to the Middle East as it seeks to increase the resources...
RBI raises concern for top-up home loans, BFSI News, ET BFSI
Recently, The Reserve Bank of India (RBI) has expressed its concern about home loan top-up asking lenders to be vigilant and conduct due diligence while issuing home loan top-up.The allure of top-up housing finance is undeniable, offering additional funds on existing...
Exclusive: UBS Executive Director of FX Sales Richard Turner moves to HSBC
FNG Exclusive… FNG has learned that global banking firm HSBC has hired experienced FX industry executive Richard Turner as Director, FX Sales in its London office. Richard Turner joins HSBC from Swiss bank UBS, where he worked for the past four years as Executive...
RBI raises concern for top-up home loans, BFSI News, ET BFSI
Recently, The Reserve Bank of India (RBI) has expressed its concern about home loan top-up asking lenders to be vigilant and conduct due diligence while issuing home loan top-up.The allure of top-up housing finance is undeniable, offering additional funds on existing...
XAU/USD Outlook: Bulls Hold Grip Ahead of Key US Inflation Data
Gold remains at the front foot and edges higher in early Monday, extending recovery into third straight day. The yellow metal regained ground after last week’s sharp fall, boosted by growing signals that the Fed may opt for 50 basis points rate hike in September. Weak...
India to expand UPI digital payment service to Maldives, BFSI News, ET BFSI
United Payments Interface (UPI) will soon be expanded to Maldives, External Affairs Minister S Jaishankar has said. Jaishankar, who is on a three-day visit to Maldives took to X (formerly known as Twitter) where he said that India and Maldives have signed an agreement...
Surge in number of new firms being set up in 2024-25, BFSI News, ET BFSI
New Delhi, The number of new company and LLP (limited liability partnership) incorporations increased by nearly 5 per cent so far during the current financial year to touch the 91,578 mark compared to 87,379 in the same four-month period last year, according to...
FX option expiries for 12 August 10am New York cut
There is just one to take note of on the day, as highlighted in bold.That being for EUR/USD at the 1.0900 level. With price action also keeping in between its key hourly moving averages of 1.0890-22 currently, the expiries are likely to help play a role in keeping...
Trump promotes false Harris AI crowd size conspiracy
U.S. Vice President and Democratic Presidential candidate Kamala Harris speaks to supporters during a campaign rally in Romulus, Michigan, U.S., August 7, 2024. Rebecca Cook | ReutersFormer President Donald Trump on Sunday falsely accused his November election...
Quiet Forex Start Masks Anticipation of US CPI-Driven Volatility
The forex markets have started the week on a subdued note, typical of a Monday morning in Asia, particularly with Japan on holiday. Yen remains in a consolidation phase, holding steady after its recent gains and staying as the strongest currency this month so far....
RoboForex enhances “Market Analysis” section on its website
Retail FX and CFD broker RoboForex has improved its in-house financial analysis content for traders. The improvements are already live in the “Market Analysis” section on the RoboForex website. The RoboForex “Market Analysis” offers daily market analysis and forecasts...
a16z Crypto Explores Token Best Practices and Emerging Trends
Iris Coleman Aug 12, 2024 04:50 a16z crypto offers guidance on token best practices, financial models, and innovation ecosystems, while highlighting recent blockchain advancements in California. a16z crypto, a...
CVC Capital Partners pips EQT, set to buy Aavas Financiers for Rs 7,000 crore, ET BFSI
MUMBAI: CVC Capital Partners, one of the largest European private equity groups, has trumped EQT to emerge as the highest bidder for Aavas Financiers (formerly AU Housing Finance).Current promoters of the affordable housing finance company, private equity firms...
Harris matches Trump proposal to ban taxes on tips at Las Vegas rally
U.S. Vice President Kamala Harris (L) and Former President Donald TrumpReutersVice President Kamala Harris pledged to eliminate taxes on tips in the service and hospitality sectors if she wins the presidency, echoing the same proposal former President Donald Trump...
Japanese Yen, Natural Gas & Silver lead Bullish Positions :: InvestMacro
By InvestMacroThe latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on August 6th.This weekly Extreme Positions report highlights the Most Bullish and Most Bearish...
Robinhood (HOOD) Sees Record Revenues and Subscriber Growth in Q2 2024
Caroline Bishop Aug 08, 2024 02:21 Robinhood Markets, Inc. reported Q2 2024 financial results, showcasing record revenues, increased net deposits, and significant subscriber growth. Robinhood Markets, Inc....
Exclusive: Prop firm The Trading Pit’s Head of Dealing Hakam Thalji joins SquaredFinancial
FNG Exclusive… FNG has learned that Cyprus based Retail FX and CFDs broker SquaredFinancial has hired experienced industry executive Hakam Thalji, as the company’s new Head of Dealing. Hakam Thalji joins SquaredFinancial after spending the past year at retail prop...
SEBI chief replies over 2015 investment, two companies allegation, ET BFSI
Hitting bank on the report by US-based research firm, Hindenburg, SEBI chief Madhabi Puri Buch and her husband Dhaval Buch released a joint statement countering the allegations.Over the investment made in 2015, Buchs said, “The investment in the fund referred to in...
Speculators sharply pare back Japanese Yen bearish bets :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 6th and shows a quick view of how large market...
Innovative Economic Model Introduced for App Tokens by a16z Crypto
Timothy Morano Aug 08, 2024 12:49 a16z Crypto unveils a new model for cash flows in app tokens, aiming to enhance compliance and maximize protocol value. a16z Crypto has announced a groundbreaking approach aimed...
Restaurant CEOs focus on value as they aim to bring back customers
A sign advertises meal deals at a McDonald's restaurant in Burbank, California, on July 22, 2024.Mario Tama | Getty ImagesRestaurant CEOs have become obsessed with the word "value" in explaining to investors why their sales lagged this quarter while sharing plans to...
Anthropic Expands AI Model Safety Bug Bounty Program
Darius Baruo Aug 08, 2024 14:47 Anthropic broadens its AI model safety bug bounty program to address universal jailbreak vulnerabilities, offering rewards up to $15,000. The rapid advancement of artificial...
IBM Research Advances in Conversational AI with Next-Gen Virtual Agents
Felix Pinkston Aug 08, 2024 15:08 IBM Research is developing advanced AI systems to meet the rising demand for virtual agents capable of efficiently handling customer needs. The demand for virtual agents that...
Declining bank deposits raise concerns about NBFC’s fund raising capacity: Report, ET BFSI
Amid the concerns of declining deposits at banks, CareEdge Ratings anticipated that the credit-deposit ratios may pose a concern to the Non-Banking Financial Companies (NBFCs)."Bank's credit-deposit ratios raise concerns about NBFCs' ability to secure funds," it...
Circle and Berkeley Utilize AI for Blockchain Transactions with TXT2TXN
Timothy Morano Aug 08, 2024 15:58 Circle and Blockchain at Berkeley introduce TXT2TXN, an AI-driven tool using Large Language Models to simplify blockchain transactions through intent-based applications. Circle...
Over 1.4 lakh startups recognized in India; 67,499 have women directors, ET BFSI
India's startup ecosystem continues to thrive, with a significant milestone of over 1.4 lakh entities recognized as startups by the Department for Promotion of Industry and Internal Trade (DPIIT) as of June 30, 2024. Among these, an encouraging 67,499 startups have at...
Celestia’s Lemongrass Upgrade: A Comprehensive Overview
Timothy Morano Aug 09, 2024 01:29 Celestia announces Lemongrass upgrade with key consensus changes including Interchain Accounts and Packet Forward Middleware. A significant milestone is on the horizon for...
Trump campaign says it was hacked by foreign actors
Republican presidential candidate former President Donald Trump speaks during a press conference at his Mar-a-Lago estate on August 08, 2024, in Palm Beach, Florida. Joe Raedle | Getty ImagesThe Trump campaign on Saturday said that a foreign hacker had breached its...
FX week in review: CFI acquires, CySEC onboarding rules, South Africa licenses, Robinhood record results
Where did Retail FX and CFDs broker CFI expand by acquiring a local broker? What are CySEC’s new rules for digital onboarding of clients? Which Cyprus based brokers received new licenses in the growing South Africa market? What were the main drivers behind Robinhood’s...
Exploring Spreadsheet, Generative, and Collaborative UI/UX for Agents
Zach Anderson Aug 11, 2024 01:25 Discover the latest in spreadsheet UX, generative UI, and collaborative UX for agents, as highlighted by LangChain Blog. In the rapidly evolving field of user experience (UX) for...
Celine Dion Trump controversy erupts over ‘Titanic’ song rights
File photo: Celine Dion performs at the Palais Omnisports de Bercy on December 5, 2013 in Paris, France.Bertrand Rindoff Petroff | Getty ImagesCanadian singer Celine Dion on Saturday bashed former President Donald Trump for using her song "My Heart Will Go On" at his...
Arkham Intelligence Introduces Tags for Gnosis Safe Signers
Ted Hisokawa Aug 11, 2024 01:55 Arkham Intelligence has launched a new feature allowing users to tag and find signers of Gnosis Safe Multisig wallets. Arkham Intelligence has unveiled a new feature aimed at...
SBI vs HDFC Bank vs ICICI Bank vs Canara Bank, ET BFSI
IMPS, or Immediate Payment Service, offers a real-time money transfer service accessible 24/7 through multiple channels, including mobile, the internet, branches, ATMs, and SMS. It is a cutting-edge service that enables quick and secure movement of funds between banks...
Sebi chief, husband denies Hindenburg allegations as baseless, ET BFSI
New Delhi, Capital markets regulator Sebi Chairman Madhabi Puri Buch and her husband on Saturday denied allegations levelled against them by short seller Hindenburg as baseless and asserted that their finances are an open book. In a statement, Madhabi Puri Buch and...
Harris responds to Trump Fed comments; readies economic policy plan
U.S. Vice President and Democratic presidential candidate Kamala Harris speaks with members of the media before boarding Air Force Two at Detroit Metropolitan Wayne County Airport in Romulus, Michigan, U.S., August 7, 2024.Elizabeth Frantz | ReutersVice President...
Exploring the Advances in Automatic Speech Recognition (ASR) Technology
Joerg Hiller Aug 11, 2024 02:12 Discover the latest advancements in Automatic Speech Recognition (ASR), including efficiency improvements and key considerations for choosing the best Speech-to-Text solutions. ...
Render Network Highlights 3D Artist Annibale Siconolfi’s Futuristic Worlds
Luisa Crawford Aug 09, 2024 01:56 Render Network's latest spotlight features Annibale Siconolfi, a grant recipient known for his vivid futuristic 3D art, exploring themes like global warming and overpopulation. ...
What are the allegations levied by Hindenburg against SEBI chief?, ET BFSI
SEBI Chairperson Madhabi Puri BuchHindenburg Research on late Saturday post has said that the SEBI Chairperson Madhabi Buch and her husband, Dhaval Buch, had hidden stakes in the exact same obscure offshore Bermuda and Mauritius funds, found in the same complex nested...
Bank business tepid in July as deposit growth slows, ET BFSI
Bank business remained tepid in July as both credit and deposits failed to keep pace with last year's levels, the latest Reserve Bank of India data indicates.While deposits rose 10.6 percent year-on-year as of July 26 compared to 12.9 percent in the same period a year...
NVIDIA Releases CUDA-Q v0.8, Enhancing Quantum Programming
Lawrence Jengar Aug 09, 2024 02:29 NVIDIA's CUDA-Q v0.8 update simplifies quantum programming with enhanced state handling, Pauli words, custom unitary operations, and more. NVIDIA has announced the release of...
Hindenburg alleges SEBI chief’s stake in obscure offshore entities used in Adani scandal, ET BFSI
SEBI chairperson Madhabi Puri BuchHindenburg Research launched scathing attack on the SEBI chief Madhabi Buch on Saturday night alleging her and husband to have a stake in the obscure offshore entities used in the Adani money siphoning scandal."We had previously noted...
Are banks open or closed this Saturday, August 10?, ET BFSI
Many individuals keep their bank related work for Saturday; however such individuals should note that banks are open only on the first, third and fifth (incase). Banks are closed on the second and fourth Saturdays of the month.August 2024 bank holidays: Banks are...
CleanSpark Reschedules Q3 2024 Financial Results Webcast
Darius Baruo Aug 10, 2024 01:03 CleanSpark Inc. (Nasdaq: CLSK) has rescheduled its Q3 2024 financial results webcast to August 9, 2024, at 4:30 PM ET / 1:30 PM PT, according to investors.cleanspark.com. ...
Speculator Bets led by Russell & S&P 500 :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 6th and shows a quick view of how large traders...
Kotak Mahindra Bank appoints Kedarswamy Ravangave as head of marketing for consumer and commercial bank, ET BFSI
Representative imageKotak Mahindra Bank has announced the appointment of Kedarswamy (Kedar) Ravangave as head of marketing for consumer and commercial bank.Ravangave joins Kotak Mahindra Bank from Amazon India, where he was a pivotal member of the leadership team,...
Ripple (XRP) USD (RLUSD) Beta Testing Commences on XRP Ledger and Ethereum Mainnet
James Ding Aug 10, 2024 01:32 Ripple (XRP) begins beta testing its stablecoin, Ripple USD (RLUSD), on the XRP Ledger and Ethereum mainnet, a significant step in digital finance. Ripple (XRP) has officially...
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF rebounded strongly after initial dive to 0.9209 last week. But upside is limited by 0.9476 support turned resistance so far. Near term outlook remains bearish for now. On the downside, break of 0.9354 minor support will turn bias back to the downside for...
Harris leads Trump in three major election battlegrounds, poll finds
Former President Donald Trump (L), and Vice President Kamal HarrisReutersVice President Kamala Harris is ahead of former President Donald Trump in the key battleground states of Michigan, Wisconsin and Pennsylvania, according to a new New York Times/Siena College...
Tether to Defend Against Celsius’ $2.4 Billion Lawsuit
Caroline Bishop Aug 10, 2024 15:51 Tether faces a $2.4 billion lawsuit from Celsius Network over a 2022 agreement, vowing to defend against the claims in court. On August 9, 2024, Celsius Network Limited,...
Speculator Bets led by Corn & Soybeans :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 6th and shows a quick view of how large...
‘After merger in 2022, HDFC faced hostile banking landscape’, ET BFSI
MUMBAI: HDFC Bank MD & CEO Sashidhar Jagdishan said that the banking landscape had changed dramatically after the lender decided to merge parent HDFC with itself in April 2022, but the bank was not apologetic about the decision.In a candid admission of how things...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD retreated sharply after initial surge to 1.7180, but downside is held above 1.6474 support so far. Further rise is still expected. On the upside, above 1.6798 minor resistance will bring retest of 1.7180 resistance first. Firm break there will resume larger up...
Speculator Bets led lower by Gold & Copper :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 6th and shows a quick view of how large traders...
HDFC Bank will “break-out” from slow loan growth period, BFSI News, ET BFSI
India's largest private sector lender HDFC Bank is undergoing a period of “adjustment” which may lead to slowing down of credit growth, but will “break out” soon, its managing director Sashidhar Jagdishan said on Friday. Jagdishan added that the bank was focused on...
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP retreated after rising to 0.8624 last week and a short term top could be formed ahead of 0.8643 resistance. Some consolidations could be seen now, with risk of deeper pullback. But downside should be contained by 38.2% retracement of 0.8382 to 0.8624 at 0.8532...
Wavlake Revolutionizes Music Streaming with Bitcoin Lightning Network
Tony Kim Aug 10, 2024 02:10 Discover how Wavlake leverages Bitcoin Lightning Network to enable direct payments from fans to artists, bypassing traditional financial intermediaries. Wavlake, an innovative music...
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY rebounded strongly after initial dive to 154.40 last week. While further rise cannot be ruled out, outlook will remain bearish as long as 38.2% retracement of 175.41 to 154.40 at 162.42 holds. On the downside, below 157.71 minor support will bring retest of...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Aug 10, 2024 14:32 UTC | Updated: Aug 10, 2024 at 14:32 UTC By Clark As the digital market begins to recover, a clear divergence takes form. Ripple (XRP) and RCO Finance (RCOF) are experiencing increased investor interest, defying the watery...
Speculator Bets led by SOFR 3-Months & Fed Funds :: InvestMacro
By InvestMacroHere are the latest charts and statistics for the Commitment of Traders (COT) reports data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday August 6th and shows a quick view of how large...
Canara Bank hikes lending rate by 5 bps across tenors, BFSI News, ET BFSI
State-owned Canara Bank on Friday raised the marginal cost of funds-based lending rate (MCLR) by 5 basis points (0.05 percentage point), across tenors, making most of the consumer loans costlier. The benchmark one-year tenor MCLR, which is used to price most consumer...
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Aug 10, 2024 14:42 UTC | Updated: Aug 10, 2024 at 14:42 UTC By Clark A cryptocurrency competing with Solana (SOL) in terms of performance is also set to surpass Ripple’s (XRP) market gains in 2024. Although yet to be launched, ETFSwap’s (ETFS)...
NVIDIA’s RAPIDS cuDF Enhances pandas Performance by 30x on Large Datasets
Felix Pinkston Aug 10, 2024 02:42 NVIDIA releases RAPIDS cuDF unified memory, boosting pandas performance up to 30x on large and text-heavy datasets. NVIDIA has unveiled new features in RAPIDS cuDF,...
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY rebounded after initial dive to 180.00 last week. While further rise cannot be ruled out, outlook will stay bearish as long as 38.2% retracement of 208.09 to 180.00 at 190.73 holds. On the downside, below 184.46 minor support will turn intraday bias back to...
Kotak Mahindra Bank appoints Kedarswamy Ravangave as head of marketing for consumer and commercial bank, ET BFSI
Representative imageKotak Mahindra Bank has announced the appointment of Kedarswamy (Kedar) Ravangave as head of marketing for consumer and commercial bank.Ravangave joins Kotak Mahindra Bank from Amazon India, where he was a pivotal member of the leadership team,...
TV Somanathan appointed as Cabinet Secretary, ET BFSI
The Appointments Committee of the Union Cabinet on Saturday appointed 1987-batch IAS officer TV Somanathan as the Cabinet Secretary of India. Somanathan who is currently the Finance Secretary of India will remain in office for a tenure of two years, starting August...
BNB Chain Unveils Attestation Ideas for 2024 Q3 Hackathon
Rebeca Moen Aug 10, 2024 03:05 BNB Chain announces attestation ideas for its 2024 Q3 Hackathon, with over $500,000 in prizes. Key tracks include gaming, social, and payments. BNB Chain has announced its...
USD/CAD Weekly Outlook – Action Forex
USD/CAD spiked higher to 1.3946 last week but reversed from there. Yet, downside is contained by 55 D EMA (now at 1.3717) so far. Initial bias is neutral this week first. Strong rebound from current level, followed by break of 1.3790 minor resistance, will retain near...
Optimal Audio Formats for Speech-to-Text Applications: A Comprehensive Guide
Joerg Hiller Aug 10, 2024 03:40 Explore the best audio file formats for speech-to-text applications, focusing on sound quality, file size, and compatibility with STT software. The accuracy of Speech-to-Text...
FM Nirmala Sitharaman, ET BFSI
New Delhi, Finance Minister Nirmala Sitharaman on Saturday asked banks to come up with innovative and attractive schemes to mobilise deposits. Addressing the media after the board meeting of the Reserve Bank of India, she said that deposits and lending are the two...
AUD/USD Weekly Report – Action Forex
AUD/USD rebounded strongly after initial dive to 0.6348 last week. Initial bias is mildly on the upside this week for further rise. Sustained break of 55 D EMA (now at 0.6614) will target 0.6798 resistance. On the downside, break of 0.6506 minor support will indicate...
Microsoft’s $13 billion artificial intelligence bet
OpenAI, the company behind the ChatGPT chatbot, was founded in 2015 by a number of researchers, academics and entrepreneurs, including Sam Altman, Greg Brockman and Elon Musk.Altman and Brockman are still at OpenAI, serving as CEO and president, respectively. Musk...
Former YouTube CEO and Silicon Valley trailblazer Susan Wojcicki has died at age 56
Former YouTube CEO Susan Wojcicki, who was also one of the most influential early Google employees, has died at the age of 56 according to posts shared online by her husband Dennis Troper and Google CEO Sundar Pichai on Friday night.Wojicki led YouTube for nearly ten...
USD/CHF Weekly Outlook – Action Forex
USD/CHF rebounded after initial fall to 0.8431 last week. While further rise cannot be ruled out, outlook will stay bearish as long as 38.2% retracement of 0.9223 to 0.8431 at 0.8734 holds. On the downside, below 0.8559 minor support will bring retest of 0.8431 first....
SBI vs HDFC Bank vs ICICI Bank vs Canara Bank, ET BFSI
IMPS, or Immediate Payment Service, offers a real-time money transfer service accessible 24/7 through multiple channels, including mobile, the internet, branches, ATMs, and SMS. It is a cutting-edge service that enables quick and secure movement of funds between banks...
CleanSpark (CLSK) Reports Q3 FY2024 Financial Results, Revenue Surges 129%
Peter Zhang Aug 10, 2024 04:17 CleanSpark (CLSK) announces Q3 FY2024 financials with a 129% revenue increase and a $50 million credit line from Coinbase. CleanSpark, Inc. (Nasdaq: CLSK), a prominent Bitcoin...
USD/JPY Weekly Outlook – Action Forex
USD/JPY rebounded strongly after initial dive to 141.67 last week. While further rally cannot be ruled out, outlook will stay bearish as long as 38.2% retracement of 161.94 to 141.67 at 149.41 holds. Below 144.04 minor support will turn bias to the downside for...
Enabling framework needed to help companies issue ESG bonds domestically: RBI official, ET BFSI
Mumbai, There is a need to create an "enabling framework" to help Indian companies issue environmental, social and governance (ESG) bonds locally, a senior RBI official said on Friday. Underlining that capital markets regulator Sebi which looks after the regulations...
Sitharaman to banks at post-Budget RBI Board of Directors’ meeting, ET BFSI
Union Finance Minister Nirmala Sitharaman on Saturday stressed on the need for banks to focus on 'core banking'. The FM made the remark at a meeting of the Central Board of Directors of the Reserve Bank of India."Both RBI and the government want Banks to focus on core...
EUR/USD Weekly Outlook – Action Forex
EUR/USD retreated after initial rise to 1.1007 last week and turned into consolidations. Initial bias stays neutral this week first. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, above 1.0944 minor...
LeMUR Claude 3 Introduces New Endpoints and Enhanced Zapier Integration
Jessie A Ellis Aug 10, 2024 04:36 AssemblyAI announces new endpoints for LeMUR Claude 3 and a major update to its Zapier integration, enhancing automation and flexibility. AssemblyAI has expanded its LeMUR...
How central banks can help in reducing market volatility, BFSI News, ET BFSI
We have seen that the actions of a single central bank can swiftly influence market sentiment, capital flows, and economic stability across multiple countries. Central banks wield immense power to influence the stock market, with their policy decisions acting as...
GBP/USD Weekly Outlook – Action Forex
GBP/USD’s decline from 1.3043 extended lower last week but recovered after hitting 1.2664. Initial bias remains neutral this week first, and further fall is in favor as long as 1.2839 resistance holds. Below 1.2664 will target 1.2612 support. Decisive break there...
Meet Bolts McWhiffles: The Crafting Squirrel of the VOXVerse
Luisa Crawford Aug 10, 2024 04:52 Gala Games introduces Bolts McWhiffles, the master crafting squirrel in the VOXVerse. Learn about her unique skills and contributions. Gala Games has unveiled a new character in...
Circle Introduces Gasless Transactions on Solana via Fee Payers
Alvin Lang Aug 10, 2024 05:33 Circle's new Gas Station feature on Solana eliminates gas fees for users by sponsoring them through fee payer wallets. Circle, a prominent fintech firm, has launched a new feature...
India’s forex reserves touch a fresh high of $674.9 bn as of Aug 2, ET BFSI
The Reserve Bank of Indias’ foreign exchange reserves touched a fresh high of $674.9 billion in the week ended 2nd August, central bank data showed.The total reserves rose by $7.5 billion and were primarily driven by foreign currency assets which rose $5.1 billion to...
Market Panic Subsides as Consolidations Take Hold, but Sentiment Remains Fragile
The global financial markets started last week in a state of panic, driven by a sharp selloff in stock markets, with Japan’s Nikkei index experiencing particularly heavy losses. However, as the week progressed, this initial wave of panic appeared to subside, with...
PFC gets ₹1,400 crore loan from Japanese Bank for green business, ET BFSI
Power Finance Corporation has secured a long-term loan of JPY25.5 billion (₹1,400 crore) from the Japan Bank for International Cooperation (JBIC).The loan proceeds will be used to finance a 300 MW wind energy project of Ostro Kannada Power Pvt Ltd in Karnataka. The...
GalaSwap Introduces Enhanced Navigation and Direct Token Transfers
Rongchai Wang Aug 10, 2024 06:09 GalaSwap announces new updates, including improved navigation, direct token transfers, and NFT inventory viewing, to enhance user experience. The decentralized token swapping...
Weekly Economic & Financial Commentary: A Wild Week in a Data Desert
Summary United States: A Wild Week in a Data Desert It was a very quiet week on the U.S. economic data front, but financial markets were anything but calm. Last week’s run of weak U.S. data, capped by a troubling rise in the unemployment rate and a slowdown in nonfarm...
Trump Media reports $16 million loss for quarter as revenue falls
This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022.Stefani Reynolds | AFP | Getty ImagesTrump Media, the social media company whose...
Who after Adani? Hindenburg Research says something ‘big’ soon India, ET BFSI
After Adani bombshell last year, Hindenburg Research has hinted at another 'big' India reveal. The US short seller on Saturday, in a post on X (formerly Twitter), said, "Something big soon India."On January 24 last year, Hindenburg Research published a report sharply...
List of PSU banks offering highest FD interest rates in August 2024, ET BFSI
Many public sector banks (PSU) have revised their fixed deposit interest rates in the last two months. PSU banks, also known as Public Sector Banks, are Indian banking in which the government holds more than 50% of the capital.Banks that have revised fixed deposit...
The Weekly Bottom Line: Bumps in the Road
U.S. Highlights Inflation and the labor market are cooling off, but the economy has not yet hit a wall. Despite what markets may be fearing. The ISM services survey showed broad based improvements in July, while falling longer term interest rates are easing financial...
Understanding Front End, Back End, and Full Stack Development
Zach Anderson Aug 10, 2024 06:25 DevSpeak clarifies the roles of front end, back end, and full stack developers, breaking down their importance in web and app development. In the latest installment of DevSpeak,...
Harris erases Trump’s lead on the economy: CNBC/Generation Lab survey
U.S. Vice President Kamala Harris and Republican presidential nominee and former U.S. President Donald Trump.Brendan Mcdermid | Elizabeth Frantz | ReutersYounger Americans do not appear to hold Vice President Kamala Harris responsible for what many of them believe is...
18-month DA, DR arrears for central govt employees, pensioners now? Know what Finance Ministry says, ET BFSI
Is the Union government planning to release the arrears for Dearness Allowance (DA) and Dearness Relief (DR) that were suspended for 18 months during the COVID-19 pandemic for the central government employees? Following numerous representations and letters from...
NaBFID set to raise at least Rs 1,000 crore via 20-year bond issue, ET BFSI
Mumbai: The National Bank for Financing Infrastructure and Development (NaBFID), which funds India's infrastructure sector, is raising at least '1,000 crore by issuing a rare 20-year bond, the first of its kind from a development finance institution (DFI) from the...
Markets Weekly Outlook – US CPI to Test Markets Following Tumultuous Week
US equities rebounded from a selloff earlier in the week, ending slightly higher. However, caution remains due to upcoming economic data releases. The Japanese Yen is heading for its first losing week in six, impacted by a peak in short-position unwinding and dovish...
RBI’s crackdown on unauthorised digital lending apps yields positive impact, finds survey, ET BFSI
The Reserve Bank of India's (RBI) efforts to curb the proliferation of unauthorized digital lending platforms and mobile applications have shown promising results, according to a recent survey by LocalCircles. The survey reveals a significant decrease in the number of...
Bitcoin plunged 28%. Institutional investors bought the dip
The crypto markets appear calm heading into the weekend after a volatile week that tested how institutional investors new to the crypto trade would react to the mammoth swings that are old hat for more seasoned digital currency investors.The sell-off in bitcoin and...
Israel airstrike on Gaza school kills more than 100, Hamas says
A man cries inside a school used as a temporary shelter for displaced Palestinians in Gaza City, after it was hit by an Israeli strike on August 10, 2024, that killed more than 90 people,as the conflict between Israel and the Hamas movement continues.Omar Al-qattaa |...
Summary 8/12 – 8/16
Monday, Aug 12, 2024 Tuesday, Aug 13, 2024 Wednesday, Aug 14, 2024 Thursday, Aug 15, 2024 Friday, Aug 16, 2024 The post Summary 8/12 – 8/16 appeared first on Action Forex.
Gala Ecosystem Launches Telegram SSO for Streamlined User Onboarding
Joerg Hiller Aug 10, 2024 06:54 Gala introduces Telegram SSO, enhancing user onboarding for Gala Games, Music, and Film platforms. According to Gala News, the Gala ecosystem has introduced a Single Sign-On (SSO)...
Understanding Cryptocurrency Mining: Methods and Importance
Lawrence Jengar Aug 10, 2024 07:19 Explore how cryptocurrency mining works, its various methods, and its significance in maintaining blockchain networks, according to Gala News. Cryptocurrency mining is a...
Sundaram Home Finance eyes Rs 450 cr disbursements in Maharashtra this year, ET BFSI
Sundaram Home Finance has inaugurated its second branch in Pune as it aims to make disbursements of Rs 450 crore in Maharashtra this year, the company said on Friday. The wholly owned subsidiary of non-banking finance company Sundaram Finance Ltd achieved...
RBI, Sebi look to facilitate local issuance of green bonds, BFSI News, ET BFSI
Mumbai: India's capital markets and banking regulators are taking steps that would encourage investments in green bonds and also help expand the broader debt market.To enable companies to issue Environmental, Social, and Governance (ESG) bonds locally, the Reserve...
SC Garg, BFSI News, ET BFSI
Subhash Chandra Garg, Former Finance Secretary of India, recently shared his insights while delivering the keynote address at the fourth edition of annual CFO conference - ETCFO Turning Point event, detailing the factors that could drive India's growth in the coming...
A Crypto Test for Risk Appetite
Market Picture Risk appetite played out in the markets on Thursday, adding over 6.4% to the crypto market’s capitalisation in the last 24 hours. The capitalisation peaked at $2.18 trillion in the morning, the highest since last Friday. In just over 24 hours, the price...
LangGraph v0.2 Enhances Customization with New Checkpointer Libraries
Tony Kim Aug 09, 2024 02:55 LangGraph v0.2 introduces new checkpointer libraries, including SQLite and Postgres options, to enhance customization and resilience in LLM applications. LangChain has announced the...
Gold Is Back, But Not For Long
Gold has experienced increased volatility over the past seven days, falling 4.4% from Friday’s high to Monday’s low and then rising 2.5% from the low. Much of gold’s recovery on Thursday was in tandem with a massive rally in equities in response to some improvement in...
Gold (XAU/USD) Remains Strong Above $2400/oz as Fed Hints at Upcoming Rate Cuts
Despite a stronger US Dollar yesterday, gold’s upward trend continued, bolstered by the rate cut narrative. The technical outlook for gold indicates further upside potential, with prices possibly reaching between 2440 and 2450 during the US session. The longer-term...
CoreWeave Strengthens Leadership Team with Key Senior Hires to Drive Expansion
Ted Hisokawa Aug 09, 2024 03:23 CoreWeave appoints Chen Goldberg and Sachin Jain to senior roles, bolstering its leadership amid significant growth and European expansion efforts. CoreWeave Welcomes Industry...
Stellantis laying off 2,450 workers due to outgoing Ram pickup
The 2019 Ram 1500 Rebel pickup truck is displayed at the North American International Auto Show in Detroit, January 15, 2018.Brendan McDermid | ReutersDETROIT – Automaker Stellantis plans to indefinitely lay off up to 2,450 U.S. factory workers later this year as it...
Canada’s jobs down -2.8k in Jul, unemployment rate unchanged at 6.4%
Canada’s employment fell -2.8k in July, much worse than expectation of 26.9k growth. The 62k rise in full-time work was offset by -62k decline in part-time work. Employment rate fell -0.2% to 60.9%. Unemployment rate was unchanged at 6.4%, below expectation of 6.5%....
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2693; (P) 1.2722; (R1) 1.2780; More… GBP/USD dips mildly after hitting 55 4H EMA but stays in range above 1.2664. Intraday bias remains neutral for the moment. Another fall is in favor as long as 1.2839 resistance holds. Below 1.2664 will target...
Comprehensive Guide to Token Design, Launch, and Rights Management
Timothy Morano Aug 09, 2024 13:52 a16z crypto provides an in-depth guide on designing, launching, and managing token rights, covering essential strategies and best practices. According to a16z crypto, tokens are...
Tether and Africa Blockchain Institute Partner to Educate Ivory Coast Students on Blockchain
Felix Pinkston Aug 09, 2024 14:56 Tether and Africa Blockchain Institute have teamed up to deliver blockchain education across universities in Ivory Coast, aiming to equip students with practical skills. Tether...
USD/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 145.96; (P) 146.76; (R1) 148.07; More… Intraday bias in USD/JPY stays neutral at this point. While further rise cannot be ruled out, outlook will stay bearish as long as 150.88 resistance holds. On the downside, below 144.04 minor support will bring...
USD/CHF Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8593; (P) 0.8634; (R1) 0.8707; More… Intraday bias in USD/CHF remains neutral for the moment and further decline is still expected. On the downside, below 0.8559 minor support will bring retest of 0.8431 first. Break there will resume the fall...
California Partners with NVIDIA to Enhance AI Education for Students and Educators
Alvin Lang Aug 09, 2024 15:42 California announces an AI education initiative with NVIDIA, aimed at equipping universities and community colleges with generative AI skills. The State of California has unveiled a...
Week Ahead – US CPI to Test Market Nerves, RBNZ Might Cut Rates
Market turmoil has eased, but will US CPI stir things up again? Crucial week for sterling as UK CPI, GDP and retail sales on the way The RBNZ is edging closer to a rate cut, but will it be next week? Japanese GDP, Australian jobs and Chinese data eyed too US economy...
SEC charges Pacific Financial with Marketing Rule violation
The Securities and Exchange Commission (SEC) today announced settled charges against The Pacific Financial Group, Inc., a registered investment adviser based in Bellevue, Washington, for violating the Marketing Rule. The charges concerned Pacific Financial advertising...
Ethereum (ETH) Turns Inflationary in 2024, Ending Six Quarters of Deflation
Tony Kim Aug 09, 2024 15:24 Ethereum (ETH) has turned inflationary in Q2 2024, adding 75,301 ETH to the network, marking a significant shift from its deflationary trend since late 2022. Ethereum (ETH) has...
Is the US Data that Bad to Justify a Rate Cut?
The recent acute market reaction occurred due to increased recession fears Surprise indices point to a more balanced US economic situation Recessions tend to be caused by one-off major events The recent market drop has been attributed to higher chances of a US...
Life Time creates its own pickleball as the sport booms
Life Time fitness club company said it has created the "ultimate" ball for the booming sport of pickleball.Courtesy: Life TimeTired of playing with pickleballs he found inconsistent in bounce and durability, Life Time's founder and CEO Bahram Akradi decided to take...
Gpay, WhatsApp Pay, PayTM, HDFC Bank app will not be available on this day, ET BFSI
HDFC Bank is undergoing an essential system maintenance due to which UPI services will not be available for three hours on August 10, 2024. The bank sent an email to customers informing them about this scheduled downtime for UPI services.Here is a look at the timings...
U.S. Inflation Likely Held Steady in July
All eyes will be on Wednesday’s U.S. inflation print after a larger-than-expected increase in the unemployment rate and softening in the manufacturing sector a week ago heightened concerns that the Federal Reserve may need to respond with more aggressive interest rate...
IOTA and Digimarc Transform Plastic Waste with Digital Product Passports
Alvin Lang Aug 09, 2024 14:32 IOTA and Digimarc introduce Digital Product Passports to enhance transparency in plastic recycling, promoting a circular economy. IOTA Foundation, in collaboration with Digimarc,...
US30 index still sensitive to US recession fears :: InvestMacro
By ForexTime Markets still obsessed with deciphering US recession risks Home Depot, Walmart earnings offer pulse on US economyLatest US inflation data also holds clues about Fed’s next movesEconomically-sensitive US30 stock index ready to punch above 50-day SMA...
Governor Shaktikanta Das warns banks on asset-liability risks, ET BFSI
Reserve Bank of India (RBI) governor Shaktikanta Das has warned banks about asset liability mismatches that could occur if banks raise a higher amount of short-term bulk deposits. He asked banks to be innovative in garnering deposits at a time when households are...
EUR/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.0886; (P) 1.0915; (R1) 1.0949; More….. Intraday bias in EUR/USD remains neutral at this point. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, above 1.0944 minor resistance will...
HKMA Alerts Public on Fraudulent App Linked to Bank of Singapore
Rebeca Moen Aug 09, 2024 14:11 The Hong Kong Monetary Authority (HKMA) warns the public about a fraudulent mobile app associated with Bank of Singapore Limited. The Hong Kong Monetary Authority (HKMA) has issued...
Canada’s Job Market Softens Further in July
For the second straight month, Canadian employment was essentially unchanged (-2.8k), disappointing expectations for a modest 25k gain. Full-time positions rebounded (+62k), but were offset by sizeable part-time job losses (-64k). The unemployment rate also remained...
EUR/USD Stabilises Amid Fed Speculation and Absence of Major Economic Data :: InvestMacro
By RoboForex Analytical DepartmentThe EUR/USD pair has found some stability at around 1.0921 this Friday, following a week marked by high volatility. Market participants have been adjusting their positions in response to speculations concerning the US economy’s...
Ashwini Kumar Tewari | SBI: What is SBI doing to resurrect deposit growth? Ashwini Kumar Tewari answers, ET BFSI
Ashwini Kumar Tewari, MD, SBI, says rural growth is coming back, consumption is improving and of course, whether it has reached the levels that we want and whether it is sustainable is something we have to see. But with the agricultural growth doing good and the...
Maduro orders 10-day ban on X in Venezuela after feud with Elon Musk
Venezuela's President Nicolas Maduro addresses the media during an event to sign an agreement to recognize the electoral results of the presidential elections of July 28, at the National Electoral Council, in Caracas, Venezuela, June 20, 2024. Miraflores Palace | Via...
Gala Games Unveils Limited-Time VOX Rebate Opportunity Featuring Finley the Shark
Felix Pinkston Aug 09, 2024 03:45 Gala Games launches a limited-time rebate offer for the Finley ProtoVOX outfit, giving $100 in $GALA back. Act fast before it ends. Gala Games has announced a new rebate...
Ukraine unleashes drone attack on Russian airfield
Ukrainian drones struck a key military airfield in Russia's Lipetsk region, forcing authorities to declare a state of emergency in another Russian region this week in the face of Kyiv's ongoing cross-border offensive.Ukrainian forces targeted the airfield in Lipetsk —...
Safe-Haven Currencies Edge Higher, But Momentum Weak
As we move into US session, safe-haven currencies like Yen, Swiss Franc, and Dollar are showing modest gains, driven by weaker stock futures and treasury yields. However, momentum behind these currencies remains unconvincing, with trading sluggish across the board....
Elizabeth Warren letter to Tesla chairwoman Robyn Denholm about Musk
Elon Musk and Robyn DenholmTim Rue | Bloomberg | Getty Images; TelstraSen. Elizabeth Warren, D-Mass., is asking the Tesla board if it's looked into CEO Elon Musk's use of company resources to benefit his other ventures, including SpaceX and xAI."Tesla's Board of...
The Bank of Mexico unexpectedly cut its interest rate. China’s consumer inflation is on the rise :: InvestMacro
By JustMarketsAt Thursday’s close, the Dow Jones Industrial Average (US30) was up 1.76%, while the S&P 500 Index (US500) added 2.30%. The NASDAQ Technology Index (US100) closed positive 2.87% on Thursday. Stocks rose on Thursday after the weekly number of US...
Indian banks need to quell a looming threat as savers flock to stocks, ET BFSI
In what could be music to Indian banks’ ears, deposit growth outpaced credit offtake for the fortnight ending July 12, 2024. The slower credit growth was due to the high base effect and banks' efforts to manage the credit-to-deposit (CD) ratio.Yet, don’t get too...
Fed’s Collins: Gradual rate cuts expected as inflation moderates
Boston Fed President Susan Collins indicated in an interview with the Providence Journal that if current economic data trends continue as expected, it may soon be appropriate to start adjusting monetary policy by “easing how restrictive the policy is”. She emphasized...
CleanSpark Delays Q3 2024 Financial Results Webcast
Terrill Dicki Aug 09, 2024 04:26 CleanSpark Inc. (Nasdaq: CLSK) has postponed its Q3 2024 financial results webcast initially scheduled for August 8, 2024, citing plans to announce a new date soon. CleanSpark...
PFC gets ₹14,800 crore loan from Japanese Bank for green business, ET BFSI
Power Finance Corporation has secured a long-term loan of ₹25.5 billion (₹14,800 crore) from the Japan Bank for International Cooperation (JBIC).The loan proceeds will be used to finance a 300 MW wind energy project of Ostro Kannada Power Pvt Ltd in Karnataka. The...
JPMorgan Chase rolls out AI assistant powered by ChatGPT-maker OpenAI
Teresa Heitsenrether is the firm's chief data and analytics officer.Courtesy: Joe Vericker | PhotoBureauJPMorgan Chase has rolled out a generative artificial intelligence assistant to tens of thousands of its employees in recent weeks, the initial phase of a broader...
EUR/GBP : 200DMA So Far Holds Pullback from New Multi-Week High
EURGBP dips further on Friday, extending pullback from new 3 ½ month high (0.8624) posted previous day. Fresh weakness cracked pivotal 200DMA (0.8555), with sustained break here to add to bearish signals, as reversal pattern is forming on daily chart. However,...
GBP/USD: Bullish Bias Above Rising Daily Cloud
Cable remains at the front foot and extends recovery on Friday morning, after fresh bulls registered break and close above the top of rising daily cloud. Fading US recession fears and solid Chinese economic data revived risk sentiment while sterling gets support from...
Pantera Capital Discusses the Intricacies of Crypto Pricing
Timothy Morano Aug 09, 2024 05:03 Pantera Capital delves into the complexities of getting crypto pricing right, emphasizing the need for accurate and transparent valuation in the volatile market. Pantera...
FxPro adds SPY ETF and QQQ ETF to lineup of investment instruments
FxPro News/ Retail Forex News Maria Nikolova August 9, 2024 Retail FX and CFD broker FxPro has expanded its list of trading instruments by adding two new ETFs. FxPro now offers two of the biggest US ETFs: SPY and QQQ. Clients of the broker can trade these instruments...
Nirmala Sitharaman tables Banking Laws (Amendment) Bill, 2024; Here’s what new, ET BFSI
Finance minister Nirmala Sitharaman With an aim to make significant changes to several key banking regulations, the Finance Minister Nirmala Sitharaman on Friday tabled the Banking Laws (Amendment) Bill, 2024, in the Lok Sabha.Notably, the proposed amendments will...
Examples of Creating Immersive Experiences
Today Generative AI has been playing a catalytic role to transform the gaming world. In recent times the role of Generative AI in gaming has been indispensable. In fact, the fusion of Artificial Intelligence technology and gaming has given rise to a new dimension...
Gala Games Announces Sale of Negan Hero Card for The Walking Dead: Empires
Ted Hisokawa Aug 09, 2024 05:28 Gala Games has announced the sale of the Negan Hero Card for The Walking Dead: Empires, featuring tiered pricing and immediate in-game usability. Gala Games has unveiled an...
EUR/USD Stabilises Amid Fed Speculation and Absence of Major Economic Data
The EUR/USD pair has found some stability at around 1.0921 this Friday, following a week marked by high volatility. Market participants have been adjusting their positions in response to speculations concerning the US economy’s potential rapid recession and subsequent...
FCA issues final notice to Equitrade Markets
The UK Financial Conduct Authority (FCA) today issued to Equitrade Markets Ltd a Decision Notice which notified the firm that the Authority had decided to cancel its Part 4A permission. It appears to the regulator that the firm is failing to satisfy the suitability...
A new red line for rupee is forming as pressure mounts, BFSI News, ET BFSI
The Indian currency tested a series of record lows in recent days but stopped short of crossing that key level on likely intervention by the Reserve Bank of India, according to ANZ Banking Group Ltd. and Nuvama Institutional. Even while emerging-market currencies came...
IOTA Introduces Digital Product Passports for Electronics
Lawrence Jengar Aug 09, 2024 05:57 IOTA Foundation unveils a Digital Product Passport prototype for electronics, enhancing transparency and sustainability in the lifecycle from manufacturing to recycling. The...
Ola Electric shares rise 20% in India IPO, valuing firm at $4.8 billion
Bhavish Aggarwal, Chief Executive Officer (CEO) of Ola Cabs and founder of Ola Electric speaks during a press conference ahead of the Initial Public Offer (IPO). Ashish Vaishnav | Sopa Images | Lightrocket | Getty ImagesShares of Ola Electric surged 20% on their...
Canadian Dollar Rallies, Jobs Report Looms
The Canadian dollar has shined this week, posting gains over the past four days and rising 1%. Will the impressive rally continue? In the North American session, USD/CAD is trading at 1.3732, unchanged on the day. Canadian job growth expected to rebound Canada wraps...
Barclays Capital fined for alleged violations of Cboe rules
Cboe Exchange, Inc. has issued a notice of disciplinary decision against Barclays Capital Inc. From in or about July 2017 through the present, Barclays failed to record accurate order entry times for thousands of manual options orders it transmitted to third-party...
Piramal Capital gets creditor status in Radius Project’s 5.4-acre Mumbai project, ET BFSI
MUMBAI: The National Company Law Tribunal (NCLT) has affirmed the legality of the charge held by Piramal Capital & Housing Finance on realty developer Radius Estate Projects’ development spread over a prime 5.4-acre land parcel in Santacruz, Mumbai’s western...
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 159.56; (P) 160.23; (R1) 161.48; More… Intraday bias in EUR/JPY remains neutral for the moment. Outlook stays bearish with 162.87 resistance intact. On the downside, below 157.71 minor support will turn bias back to the downside. Break of 154.40...
Starknet Integration Goes Live on Dune Analytics
Terrill Dicki Aug 09, 2024 06:26 Starknet, a Layer 2 scaling solution for Ethereum, is now integrated with Dune Analytics, enhancing data accessibility. Starknet, a prominent Layer 2 scaling solution for...
CVC, Nordic Capital, Platinum Ivy make final acquisition offer for Hargreaves Lansdown
The independent directors of Hargreaves Lansdown plc (LON:HL) and the board of directors of Harp Bidco Limited announce that they have reached agreement on the terms and conditions of a recommended final cash acquisition by Bidco of the entire issued, and to be...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 185.54; (P) 186.71; (R1) 188.93; More… Intraday bias in GBP/JPY stays neutral and outlook remains bearish as long as 190.48 resistance holds. On the downside, below 183.10 minor support will bring retest of 180.00 first. Break there will resume the...
Rajan Pental, Executive Director, YES BANK, ET BFSI
YES Bank has been focussing on addressing credit demands of MSMEs and startups. In an interaction with ET Online, Rajan Pental, Executive Director, talks about the various aspects of the lender’s approach to MSME lending and how the bank aims to facilitate seamless...
Warner Bros. Discovery (WBD) earnings Q2 2024
A sign outside of the Warner Brothers Discovery Techwood Turner Broadcasting campus is seen on June 26, 2024 in Atlanta, Georgia. Kevin Dietsch | Getty ImagesWarner Bros. Discovery's stock dropped Wednesday after it reported a $9.1 billion write-down on its TV...
RBI governor has an ‘advice’ for banks, financial institutions, ET BFSI
The Reserve Bank of India (RBI) governor Shaktikanta Das has advised banks and financial institutions to strengthen their IT systems and disaster recovery plans. His advice comes after a major outage affecting Microsoft Windows systems, caused by a faulty CrowdStrike...
USDCAD Bears Take a Break But Are Not Done Yet
USDCAD experiences worst week of the year Selling pressure might persist; eyes on 1.3730 Canadian employment figures due at 12:30 GMT Since reaching a 22-month high of 1.3945, USDCAD has been steadily dropping towards its 50-day SMA at 1.3730, making it the...
Nirmala Sitharaman to introduce new bills to amend banking laws in Lok Sabha today, ET BFSI
New Delhi [India], August 9 (ANI): As the Parliament convenes for the ongoing Budget Session on Friday, Union Finance Minister Nirmala Sitharaman will introduce new Bills including the Banking Laws (Amendment) Bill, 2024 to amend the Reserve Bank of India Act, the...
Deriv Co-CEO Rakshit Choudhary on 25 years in business, and what’s ahead
FNG Exclusive Interview… 2024 marks the 25th anniversary of multi-regulated Retail FX and CFDs broker Deriv. We thought that it would be a good time to catch up with Deriv Co-CEO Rakshit Choudhary on the past 25 years, what’s ahead, where the company is growing,...
Defense tech start-up Anduril Industries raises $1.5 billion
An 1:2 scale model of the Anduril Fury, a multi-mission group 5 autonomous air vehicle (AAV), at Anduril's headquarters in Costa Mesa, California, US, on Thursday, Dec. 14, 2023. Kyle Grillot | Bloomberg | Getty ImagesDefense start-up Anduril Industries announced...
Ethereum (ETH) Developers Address Core Issues in Consensus Call #139
Darius Baruo Aug 09, 2024 06:46 Ethereum developers discussed Pectra updates, PeerDAS implementation, and research findings in All Core Developers Consensus Call #139. On August 8, 2024, Ethereum (ETH)...
Rupee rises 8 paise to 83.89 against US dollar in early trade, ET BFSI
Mumbai, Rupee appreciated 8 paise to 83.89 against US dollar in early trade on Friday, supported by a positive trend in domestic equities and a decline in the US dollar index. Forex traders said post the Reserve Bank of India's monetary policy announcement, markets...
RBI urges vigilance on home equity, top-up loans amid rapid growth, ET BFSI
The Reserve Bank of India (RBI) has raised concerns about the rapid growth of home equity loans and top-up loans on collateralised products, like gold loans, in some lending entities, asking them to tighten their monitoring of fund usage.RBI Governor Shaktikanta Das...
Paramount Global (PARA) Q2 earnings report 2024
The Paramount Studios in Los Angeles on April 29, 2024.Eric Thayer | Bloomberg | Getty ImagesParamount Global is cutting 15% of its U.S. workforce, or about 2,000 jobs, part of a broader cost-cutting plan as it prepares for a merger with Skydance Media.Paramount has...
GBPJPY Climb Continues – Action Forex
GBPJPY is edging higher today, recording another green session It remains around 10% below its recent peak Momentum indicators acknowledge this bullish reaction GBPJPY is edging higher again today, recording its third consecutive green candle and recovering by around...
Ad group suspends GARM after of X, Elon Musk’s antitrust lawsuit
Elon Musk attends the "Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk" session during the Cannes Lions International Festival Of Creativity 2024 - Day Three in Cannes, France, on June 19, 2024.Marc Piasecki | Getty ImagesA global...
The Best Scungilli Salad Recipe
Scungilli Salad, made with fresh lemon juice, celery, red onion, garlic, and parsley, is a simple yet delicious Italian dish that’s super easy to make. If you love seafood, don’t hesitate to give this one a try. What Is Scungilli? “Scungilli” from the Italian word...
FCA warns against Plus500 clone
The UK Financial Conduct Authority (FCA) has issued a warning against a clone of retail FX and CFD broker Plus500. Clone firms are unauthorised entities that abuse the data (name, logo, address, etc) of authorised firms in order to lure victims more easily. Despite...
BitMEX Launches New Prediction Markets for Trump, Harris, Powell, and Gensler
Rongchai Wang Aug 09, 2024 07:15 BitMEX has introduced new prediction markets for Trump, Harris, Powell, and Gensler, offering traders opportunities to speculate on political and economic developments. BitMEX, a...
Aadhar Housing Finance net profit jumps 37% to Rs Rs 200 crore in Q1 FY25, ET BFSI
Aadhar Housing Finance posted a 37% on year increase in their profit after tax to Rs 200 crore in the first quarter of this fiscal, from Rs. 146 crore a year ago. The total assets under management for the housing finance company stood at Rs. 21,726 crore, a 21% growth...
When will RBI cut rates next?, BFSI News, ET BFSI
The Reserve Bank of India (RBI) is expected to maintain its current monetary policy stance in the near term, with no imminent rate cuts on the horizon. Despite the global trend of central banks easing monetary policy, India's central bank appears committed to focusing...
SBI projects GDP growth of 7 pc in FY25, lower than RBIs forecast of 7.2 pc due to global headwinds, ET BFSI
New Delhi [India], August 9 (ANI): The State Bank of India in a report projects that India's real GDP will grow by 7.0 per cent year-on-year in FY25, which is slightly lower than the RBI's forecast of 7.2 per cent.The report noted that the slight downgrade by 20 basis...
How Is the New Fantom Network, Sonic, expected to Impact the Blockchain Industry?
How Is the New Fantom Network, Sonic, expected to Impact the Blockchain Industry?Fantom has carved a notable position as a high-performance, directed acyclic graph (DAG)-based smart contract platform. It aimed to create a fast, scalable, and cost-efficient platform...
FX option expiries for 9 August 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.The first one being for EUR/USD at the 1.0900 mark. That should help to keep a floor on price action in the session ahead, with the pair itself settling just above the figure level following...
Chinese EV makers debut in Singapore as city-state dangles incentives
GUANGZHOU,CHINA - NOVEMBER 24: A ZEEKR X is on display during the 2023 Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 24, 2023 in Guangzhou, Guangdong province of China. (Photo by Stringer/Anadolu via Getty...
E.l.f. Beauty (ELF) earnings Q1 2025
E.l.f. Beauty's growth story is still going.The cosmetics retailer on Thursday blew past quarterly estimates again, posting a 50% gain in sales. The company's sales soared to $324.5 million in its fiscal first quarter, leading it to raise its full-year guidance. That...
Trump’s light campaign schedule as Harris, Walz, Vance barnstorm
Republican presidential candidate former President Donald Trump speaks during a press conference at his Mar-a-Lago estate on August 08, 2024, in Palm Beach, Florida. Joe Raedle | Getty ImagesFormer President Donald Trump said Thursday that he plans to stay off the...
US Stock Rebound Fails to Boost Asian Markets, Focus on Canadian Jobs Data
The US stock market rebounded notably overnight, with all three major indexes closing higher. However, this positive momentum didn’t carry over to the Asian session, where major markets are trading mixed. Despite the gains in the US, the price actions this week still...
Sustainable Crypto Growth: The Necessity of Providing Real Value
Terrill Dicki Aug 09, 2024 07:31 Binance Research emphasizes the need for crypto projects to focus on real value, sustainable yields, and genuine user demand to ensure long-term growth. According to Binance...
Citi Securities Services selected by TDCC for global custody services
Citi Securities Services has been selected by the Taiwan Depository & Clearing Corporation (TDCC) to provide global custody services as the latter implements a new centralized custody platform in the market. TDCC’s centralized custody platform is being developed...
Delta says chaos after CrowdStrike outage cost it $550 million
A Delta Airlines Airbus A319-114 aircraft taxis at Los Angeles International Airport after arriving from Las Vegas on May 5, 2024 in Los Angeles, California. Kevin Carter | Getty ImagesDelta Air Lines on Thursday said last month's CrowdStrike outage and subsequent...
OpenAI Releases Comprehensive GPT-4o System Card Detailing Safety Measures
Rebeca Moen Aug 08, 2024 18:35 OpenAI's report on GPT-4o highlights extensive safety evaluations, red teaming, and risk mitigations prior to release. OpenAI has published an in-depth report on the safety...
Nasdaq Private Market adds Bank of America as investor
Nasdaq Private Market (NPM), a provider of secondary liquidity solutions to private companies, employees, and investors, announced today that it has added Bank of America as an investor. NPM’s existing investor consortium of premier global financial institutions has...
Warner Bros. Discovery CEO Zaslav facing pressure to deliver value
David Zaslav attends the world premiere of "The Flash", in Hollywood, Los Angeles, California, U.S., June 12, 2023.Mike Blake | ReutersWarner Bros. Discovery CEO David Zaslav needs a win. Soon.Since merging Discovery with WarnerMedia in 2022 and immediately slashing...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0907; (P) 1.0922; (R1) 1.0938; More….. EUR/USD dips mildly in early US session as consolidation from 1.1007 extends. Intraday bias remains neutral first. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776...
Exclusive: Valutrades’ Head of Dealing Samin Aref Zaher moves to SGX CurrencyNode
FNG Exclusive… FNG has learned that longtime Valutrades executive Samin Aref Zaher has left the company and moved SGX CurrencyNode, as Liquidity Manager. Launched in 2022 by Singapore’s SGX Group, SGX CurrencyNode seeks to become a leading anonymous Asian FX trading...
dYdX to Integrate Skip Protocol’s Market Map in Upcoming Chain Upgrade
Zach Anderson Aug 08, 2024 17:57 dYdX Chain will integrate Skip Protocol’s Market Map this month, enhancing market parameters and ensuring safety. Governance vote required. The dYdX Chain is set to receive a...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2669; (P) 1.2703; (R1) 1.2726; More… Intraday bias in GBP/USD remains on the downside at this point. Fall from 1.3043 should continue to 1.2612 support. Decisive break there should confirm that rise from 1.2298 has completed, and target this...
Trump holds Mar-a-Lago news conference, Harris campaigns in swing states
Republican presidential nominee Donald Trump is holding a news conference at Mar-a-Lago, as he tries to slow the momentum of his Democratic campaign rival, Vice President Kamala Harris.The presser at Trump's Florida resort and residence comes as his campaign heaps...
Canara Bank plans overseas bond issue to raise $300 million, BFSI News, ET BFSI
Public sector Canara Bank plans to raise at least $300 million by issuing bonds to investors abroad as it seeks to shore up its liability franchise amid strong credit growth. The bank has hired Singapore's DBS Bank, Japan's Mitsubishi UFJ Financial Group and France's...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8530; (P) 0.8596; (R1) 0.8683; More… Intraday bias in USD/CHF remains neutral and outlook is unchanged. While recovery from 0.8431 might extend, further decline is expected with 0.8711 resistance intact. On the downside, below 0.8500 will bring...
Dukascopy Bank warns of clones of its website
Dukascopy Bank SA today issued a warning against three fraudulent websites that abuse its brand. The following websites are clones: https://dukascopys.app/ https://dukascopybanks.us/ https://dukascopybankfx.com/ Clones are fraudulent entities that abuse the details...
Bitcoin is on pace for its largest percentage gain since March (but at key resistance)
Bitcoin is testing 200 hour MA and 50% midpoint. Key areaBitcoin’s price surged over 8% today, marking its largest gain since March 2023. Currently trading at $59,819, up $4,666 for the day, the digital currency has experienced significant volatility over the past 10...
Enhancing GPU Performance: Tackling Instruction Cache Misses
Luisa Crawford Aug 08, 2024 16:58 NVIDIA explores optimizing GPU performance by reducing instruction cache misses, focusing on a genomics workload using the Smith-Waterman algorithm. GPUs are designed to process...
SingularityNET (AGIX) Releases Biweekly Development Update for Decentralized AI Platform
Rongchai Wang Aug 08, 2024 17:22 SingularityNET (AGIX) unveils significant advancements in its Decentralized AI Platform, highlighting updates in Developer Portal, Publisher Portal, and more. SingularityNET...
Borrowing costs soften amid rising surplus liquidity in banking system, ET BFSI
Mumbai: The Reserve Bank of India may or may not ease its stance of withdrawing monetary accommodation on Thursday but borrowing costs in the economy have softened nonetheless as a build-up of surplus banking system liquidity has brought down rates on a host of debt...
Bank of Japan move a lesson for central banks, sign of changing times, ET BFSI
Bank of Japan’s comforting words, coming just a week after the rate hike—rather unparalleled in the once mystic world of central banking—is a testimony how the priorities of monetary authorities, once perceived as imperious freemasons in the world of money, are today...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 144.69; (P) 146.30; (R1) 148.31; More… Intraday bias in USD/JPY remains neutral for the moment. While further rise cannot be ruled out, outlook will stay bearish as long as 150.88 resistance holds. On the downside, below 144.04 minor support will...
Gold (XAU/USD) Recovers Amid Rate Cut Expectations :: InvestMacro
By RoboForex Analytical DepartmentGold (XAU/USD) prices have rebounded to 2394 USD per troy ounce, paring previous losses as the likelihood of a US Federal Reserve rate cut increases. Market sentiment is increasingly cautious amid recession fears, influencing stock...
RBI asks top banks to refrain from large trading bets against rupee: Report, ET BFSI
The Reserve Bank of India has asked some large banks to not add to their existing positions against the rupee in a bid to support the currency which has fallen to all-time lows for three straight days, four bankers told Reuters.Officials from the RBI's financial...
EMIs to rise further, ET BFSI
HDFC Bank has increased its marginal cost of funds-based lending rates (MCLR), according to its official website on August 8, 2024. The bank has increased the loan interest rates by up to 5 basis points (bps) on certain tenures. HDFC Bank MCLR interest rates will now...
Gold Outlook: Bounces as Bulls Regain Traction After Recent Fall
Gold regained traction and bounced on Thursday, following a sharp fall in past few days. Fresh strength signals that the situation is stabilizing after a turbulent period and broader bulls are about to re-take control. The yellow metal benefited from growing signals...
George Danezis Discusses Development of Mysticeti for Sui Blockchain
Caroline Bishop Aug 08, 2024 16:31 Mysten Labs' Chief Scientist, George Danezis, explains the development and impact of the Mysticeti consensus engine on the Sui blockchain. Mysten Labs' Chief Scientist, George...
CFTC secures $12.7bn judgment against FTX and Alameda
The Commodity Futures Trading Commission (CFTC) today announced the U.S. District Court for the Southern District of New York entered a consent order of permanent injunction and other equitable relief against FTX Trading Ltd. and Alameda Research LLC and ordered FTX...
To hike or not to hike? RBI watchers on guard for shift, ET BFSI
India central bank watchers have plenty of reasons to tune into Governor Shaktikanta Das’s policy decision on Thursday even though most expect he’ll keep interest rates unchanged again.Global markets have been roiled in recent weeks by central bank action, with the...
Cryptocurrencies resume their rebound, bitcoin retakes $59,000
Omer Taha Cetin | Anadolu | Getty ImagesCryptocurrencies resumed their rebound from their big sell-off earlier in the week, with bitcoin retaking $59,000.The price of the flagship cryptocurrency was last higher by 8% at $59,385.40, according to Coin Metrics, rising...
AUD/USD Outlook: Initial Reversal Signal Developing on Daily Chart
AUDUSD regained strength and advanced on Thursday, offsetting negative impact from Wednesday’s strong upside rejection under the base of rising daily cloud. Several signals point to basing attempts and formation of reversal pattern on daily chart, such as Monday’s...
DBS Bank CEO Piyush Gupta to step down in Mar 2025; Tan Su Shan to take over, ET BFSI
Singapore: Piyush Gupta, the Indian origin Chief Executive of Singapore's largest bank DBS Group, will step down in March 2025. He will be succeeded by Tan Su Shan, who was appointed as deputy CEO, in addition to her current role as the group head of institutional...
Palantir jumps on Microsoft partnership to sell AI to U.S. defense
Alex Karp, chief executive officer of Palantir Technologies Inc., walks to the morning session at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Wednesday, July 10, 2024. David Paul Morris | Bloomberg | Getty ImagesPalantir shares...
Policy rate unchanged at 6.5%, inflation forecast at 4.5%, ET BFSI
The Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday announced the first Monetary Policy Committee (MPC) deliberation post the Union Budget 2024. MPC held its third bi-monthly policy meeting for the Financial Year 2025 from August 6 to August 8.The MPC...
RBI kept rates at 6.5%. The Canadian dollar is strengthening due to foreign currency inflows and rising oil prices :: InvestMacro
By JustMarketsAt Wednesday’s close, the Dow Jones Index (US30) was down 0.60%, while the S&P 500 Index (US500) decreased by 0.77%. The NASDAQ Technology Index (US100) closed negative 1.05%. Yesterday, chip stocks gave up early gains and retreated, which had a...
USD/CAD Consolidates at Support Ahead of Canadian Employment Data
USD/CAD found support ahead of Canadian employment data release. Positive US jobless claims data boosted sentiment and USD. Bank of Canada hopes for moderation in unemployment rate following 50 basis points of cuts. USD/CAD seems to have found support ahead of crucial...
Grayscale Reports Market Volatility Amid Late Summer Storms
James Ding Aug 08, 2024 15:23 Grayscale's latest market commentary highlights the impact of late summer storms on market volatility, as reported on August 8, 2024. Grayscale's most recent market commentary,...
Bitcoin extends gain to nearly 7% in an endorsement of the risk trade
Bitcoin dailyYesterday's bitcoin slump foreshadowed trouble in the broader risk trade and that catalyzed late in the day with a drop in US equities. Today it's the opposite.Bitcoin rallied early and has stayed strong with equities now catching up. Bitcoin is up $3570...
Rupee slips to record low as pressure from carry trade unwind lingers, ET BFSI
The Indian rupee weakened to yet another all-time on Wednesday, hurt by the continued unwinding of carry trades and on dollar demand from local importers.The rupee fell to its record low of 83.9725 to the dollar before closing at 83.9550, its weakest closing level...
Trump, Musk alliance could threaten Harris in 2024 election
NASHVILLE, Tenn. — Former President Donald Trump's highly anticipated keynote address at the biggest bitcoin gathering of the year late last month started over an hour late.As the crowd of investors, enthusiasts and the crypto-curious grew increasingly antsy in...
RBI reduces cheque clearing cycle, BFSI News, ET BFSI
From days to hours: RBI reduces cheque clearing cycleComing as a big move to fast track the payment process, the Reserve Bank of India (RBI) on Thursday said the clearing cycle of the cheque will be reduced from the present T+1 days to a few hours. While announcing...
Soft-Landing, or No Soft-Landing, That is the Question: Part I
Part I: A New Toolkit to Predict Soft-Landings, Stagflation and Recessions Summary In this first part of a series of reports, we introduce a new toolkit to predict the probability of soft-landing, stagflation and recessionary episodes. Bernanke (2024) reviewed the...
Exclusive: Doo Group Head of Institutional Clients Fraser Nelson departs
FNG Exclusive… FNG has learned that Fraser Nelson, Head of Institutional Clients for FX and CFDs broker Doo Group, has left his position with the company. Fraser Nelson joined Doo Group in its Cyprus office in 2022, and has since served as both Head of Institutional...
UPI transaction limit to Cheque clearance, ET BFSI
While announcing the 50th monetary policy announcement since its inception, the Reserve Bank of India governor Shaktikanta Das also announced certain key additional measures on Thursday. The key announcements were on UPI transaction limits being increased for tax...
GeForce NOW Hits Milestone with 2,000 Cloud Games
Rebeca Moen Aug 08, 2024 14:25 GeForce NOW celebrates over 2,000 games in its cloud gaming library, adding new titles and demos, including 'Visions of Mana'. GeForce NOW has reached a significant milestone,...
SoftBank books small quarterly profit, unveils $3.4 billion buyback, ET BFSI
Japanese technology investor SoftBank Group said on Wednesday it plans to buy back a hefty $3.4 billion of its shares, answering in part calls from Elliott Management and other shareholders to bolster its stock price.Masayoshi Son's tech behemoth has been under...
Nikkei 225: Potential Bullish Key Reversal Week Aafter 4 Weeks of Decline
Monday, 5 August significant sell-off in the Nikkei 225 has triggered a potential bullish key reversal inflection week. Citigroup Economic Surprise Index for Japan staged a positive turnaround on Monday, 5 August which suggests an improvement in macro data. The...
Figure Launches Advanced Humanoid Robot Leveraging NVIDIA AI for Autonomous Tasks
Ted Hisokawa Aug 08, 2024 13:53 Figure has unveiled its next-gen Figure 02 humanoid robot, utilizing NVIDIA Omniverse and GPUs for enhanced AI capabilities and autonomous operations. Silicon Valley-based Figure...
Catalan separatist Carles Puigdemont returns to Spain after seven years
BARCELONA, SPAIN - AUGUST 08: Former Catalan President Carles Puigdemont makes his first public appearance since he fled Spain in 2017, speaking at a public rally in Barcelona, Spain on August 08, 2024. Since leading the failed 2017 independence push for Catalonia to...
Best-performing financial assets so far in 2024 :: InvestMacro
By ForexTime US Dollar still reigns, though perhaps not much longerGBP: best-performing G10 currency vs. USD year-to-date (YTD)NETH25: FXTM’s best-performing stock index YTDCocoa: FXTM’s best-performing commodity YTDNvidia: best-performing stock on the S&P 500...
In a bid to curb scams, RBI announces ‘public repository’ of Digital Lending apps, ET BFSI
Amid the rising reports of concerns related to the Digital Lending, the Reserve Bank of India (RBI) on Thursday announced creating a public repository of Digital Lending Apps (DLAs). The move aims to aid the customers in verifying the claim of DLAs association with...
Aussie Jumps as RBA Says Rates Could Rise
The Australian dollar has had a busy week and is showing strong gains on Thursday. In the European session, AUD/USD is trading at 0.6550, up 0.50% at the time of writing. RBA’s Bullock says rate hikes still on table Two days after the Reserve Bank of Australia held...
FPIs invest $1.40 billion in Indian IT stocks in July, highest since 2022, ET BFSI
Foreign portfolio investors (FPIs) in July made significant investments in Indian IT stocks, purchasing a net worth of 117.63 billion rupees ($1.40 billion), according to data from the National Securities Depository (NSDL).This marks the highest investment since the...
Understanding Token Compensation: A Comprehensive Guide
Felix Pinkston Aug 08, 2024 13:14 Explore how tokens fit into compensation strategies, with insights on structuring grants, vesting schedules, and tax considerations. Token compensation has emerged as a key...
Under Armour (UAA) earnings Q1 2025
Under Armour on Thursday said quarterly sales fell 14% in North America, and adjusted its full-year profit guidance after settling a years-old securities lawsuit for $434 million.Still, the company beat Wall Street's expectations on the top and bottom lines.Here's how...
RBI say high food prices may lead to a shallower softening of CPI inflation, pegs it at 4.5% for FY25, ET BFSI
The Reserve Bank of India's (RBI) Monetary Policy Committee sees retail inflation below 5% for this current fiscal and remains steadfast in its target of bringing it below 4%.The MPC stays resolute in its commitment to aligning inflation to the 4 per cent target on a...
FCA interventions lead to 3,273 promotions being amended or withdrawn in Q2 2024
The UK Financial Conduct Authority (FCA) has published the latest data on financial promotions. The data was generated between 1 April 2024 and 30 June 2024 from FCA actions against firms breaching financial promotion rules. The interventions by the FCA in the second...
Trump, Harris deploy JD Vance and Tim Walz to wage class warfare
Democratic vice presidential candidate, Minnesota Governor Tim Walz, speaks during a campaign rally with U.S. Vice President and Democratic presidential candidate Kamala Harris, in Philadelphia, Pennsylvania, U.S., August 6, 2024. Kevin Lamarque | ReutersWith their...
Dollar Gains Slightly after Jobless Claims, Calm Forex Trading Continue
Forex trading continues to be subdued today, with Dollar gaining slightly in the early US session after better-than-expected jobless claims data. This data is particularly crucial as market participants are closely monitoring employment figures following the...
Gpay, WhatsApp Pay, PayTM, HDFC Bank app will not be available on this day, ET BFSI
HDFC Bank is undergoing an essential system maintenance due to which UPI services will not be available for three hours on August 10, 2024. The bank sent an email to customers informing them about this scheduled downtime for UPI services.Here is a look at the timings...
India’s financial sector gaining strength from macroeconomic stability: RBI chief, ET BFSI
Mumbai, RBI Governor Shaktikanta Das said on Thursday that the Indian financial system remains resilient and is gaining strength from broader macroeconomic stability.He pointed out that the banking sector's well-capitalised and unclogged balance sheet is reflective of...
3 Disney films could top $1 billion at box office this year
Hugh Jackman, Robert Iger, and Ryan Reynolds at the Marvel Studios' "Deadpool & Wolverine" World Premiere held at David H. Koch Theater on July 22, 2024 in New York, New York. Kristina Bumphrey | Variety | Getty ImagesAfter years of starts and stops at the box...
US initial jobless claims fall to 233k, below exp 245k
US initial jobless claims fell -17k to 233k in the week ending August 3, lower than expectation of 245k. Four-week moving average of initial claims rose 2.5k to 241k. Continuing claims rose 6k to 1875k in the week ending July 27, highest since November 21, 2021....
eToro adds 12 new stocks from Copenhagen Stock Exchange
Online broker eToro has added 12 new stocks from the Copenhagen Stock Exchange to its platform. The latest additions bring the total number of assets available to trade on eToro’s platform to 6,500 available assets. The new stocks include: $NETC.CO (Netcompany Group...
TON and Telegram Partner with Gala Games to Revolutionize Web3 Onboarding
Peter Zhang Aug 08, 2024 02:55 TON and Telegram collaborate with Gala Games to simplify Web3 onboarding through innovative Telegram Mini Apps. The Open Network (TON) and Telegram have joined forces to create a...
Steady repo rate, indexation benefits booster dose for housing industry, ET BFSI
New Delhi, The Central Bank's decision to keep repo rates unchanged at 6.5 per cent for the ninth consecutive time aligns well with the government's indexation benefits, industry experts said on Thursday, adding that this will further help aspiring homebuyers.RBI...
Cheques to be cleared within few hours now, closing in on NEFT, RTGS speed of transfer, ET BFSI
The Reserve Bank of India has stated that cheque clearance will be expedited to within a few hours. Currently, the process takes approximately two to three days. This announcement was made by the governor of the Reserve Bank of India during the Monetary Policy...
Global financial services firm Charles Schwab picks Hyderabad for development center: Telangana CMO, ET BFSI
Hyderabad (Telangana) [India], August 8 (ANI): Charles Schwab, a global leader in financial services headquartered in Texas, has chosen Hyderabad as the prospective location for its first Technology Development Center in India."We are delighted to announce that...
Boeing’s new outsider CEO Kelly Ortberg takes the helm
Robert K. "Kelly" Ortberg is the Boeing's new president and chief executive officer, effective August 8, 2024. Ortberg will also serve on Boeing's Board of Directors.Courtesy: BoeingAerospace veteran Robert "Kelly" Ortberg becomes Boeing's new CEO on Thursday with a...
Dollar Index: Limited Recovery Likely to Precede Fresh Weakness as Rate Outlook Weighs
The dollar index ticked lower in European trading on Thursday, after bounce from 8-month low (101.94, posted on Monday) started to lose traction. Weak picture on daily chart (MA’s in bearish configuration / strong negative momentum) warn of limited recovery before...
Nuvei partners with Scanco Software
Canadian fintech company Nuvei Corporation (TSX:NVEI) today announced its partnership with Scanco Software, LLC to enhance Scanco’s new Invoice2Payment (i2PAY) solution. i2PAY complements Scanco’s existing warehouse management capabilities with payments features...
It is the growth, ET BFSI
After forecasting inflation at 4.4 percent for the first quarter of next fiscal, why did the Reserve Bank of India Governor, Shaktikanta Das, sound stern in his fight against inflation? The answer probably lies on the other side of the coin. Other than his commitment...
An Overview of Forge Standard Library
Smart contract development is one of the key requirements for the expansion of blockchain and web3. You might wonder about the need to learn Forge Standard Library for smart contract development. How will it help you in creating innovative, secure and powerful smart...
Japanese Yen (JPY) Price Action: Following Dovish BoJ Comments, What Does Price Action Tell Us?
The Bank of Japan (BoJ) released their summary of opinions, accompanied by bearish comments from BoJ policymakers. Geopolitical concerns could bolster the Yen, but the safe haven appeal might be divided among the US Dollar, Yen, and Swiss Franc. From a technical...
BNB Chain Integrates zk-Fault Proof for opBNB, Enhancing Performance
Iris Coleman Aug 08, 2024 05:07 BNB Chain introduces zk-fault proof for opBNB, aiming to enhance performance and reduce challenge periods. BNB Chain has announced the integration of zero-knowledge (zk) fault...
Eli Lilly (LLY) earnings Q2 2024
The Eli Lilly logo is shown on one of the company's offices in San Diego, California, on Sept. 17, 2020.Mike Blake | ReutersEli Lilly on Thursday reported second-quarter earnings and revenue that blew past expectations and hiked its full-year revenue outlook by $3...
Private banks struggle with declining CASA ratios as customers shift to fixed deposits, ET BFSI
Private banks are facing a significant decline in their current account-savings account (CASA) ratios as customers increasingly turn to fixed deposits (FDs) for higher interest rates. In the first quarter of the current financial year, private lenders experienced a...
Kinara Capital announces Parthasarathy N.S. as new Independent Director, ET BFSI
Parthasarathy N. S, known as the Co-founder of Mindtree which he took from its startup phase to crossing the $1 billion revenue, is appointed as a new Independent Director on Kinara Capital’s’s Board of Directors.He has over 35 years of experience in the field of...
Amazon’s investment in AI firm Anthropic faces UK merger investigation
Anadolu | Anadolu | Getty ImagesLONDON — E-commerce giant Amazon's multibillion-dollar investment in the U.S. artificial intelligence firm Anthropic is formally being investigated by a U.K. competition regulator.The Competition and Markets Authority said Thursday that...
Exclusive: Prop firm The Trading Pit sees departure of Head of Marketing Periklis Hanna
FNG Exclusive… FNG has learned that Periklis Hanna has left his position as Head of Marketing at Cyprus based prop trading firm The Trading Pit. The move comes several weeks after The Trading Pit’s Chief Marketing Officer (CMO), Themis Christou – who recruited Mr....
RBI sees FY25 GDP growth at 7.2% on resilient domestic economic activity, ET BFSI
The Reserve Bank of India has projected the country's real GDP growth at 7.2 per cent for fiscal 204-25 on buoyant domestic economy, consumption demand and healthy bank balance sheets."Real GDP growth for 2024-25 is projected at 7.2 per cent, with Q1 at 7.1 per cent;...
Filecoin (FIL) Unveils Major Updates and Strategic Collaborations in Latest News Release
Rongchai Wang Aug 08, 2024 05:49 Filecoin (FIL) announces new FVM explorer, successful nv23 waffle upgrade, and partnerships with SingularityNET and Bagel in its latest news update. Filecoin (FIL) has released a...
USD/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 144.69; (P) 146.30; (R1) 148.31; More… Intraday bias in USD/JPY remains neutral an further decline is expected with 150.88 resistance intact. On the downside, below 144.04 minor support will bring retest of 141.67 first. Break there will resume the...
ROO posts first profit, stock jumps
A delivery worker with a backpack of Deliveroo rides a bike in Nice, France, October 25, 2022.Eric Gaillard | ReutersBritish food delivery firm Deliveroo reported a small profit in the first half of the year, inching into the black for the first time ever after...
Restaurant Brands International (QSR) Q2 2024 earnings
A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom.John Keeble | Getty ImagesRestaurant Brands International on Thursday reported quarterly revenue that beat analysts'...
How to Have a Successful Exit with Maggie Lord » Succeed As Your Own Boss
In this episode, Maggie Lord shares her entrepreneurial journey and insights into exit strategies, focusing on planning and financial preparation for selling a business. She and Melinda discuss how to identify potential buyers and ensure a fair valuation. The episode...
Elon Musk’s X nears launch of payment service with new feature integration, ET BFSI
Social media platform X is reportedly advancing its efforts to introduce a comprehensive payment service. According to recent developments, the platform is working on adding a "Payments" button to its navigation bar, signifying its move towards becoming an "everything...
What are the 4 issues highlighted by RBI Guv for banks, NBFCs?, ET BFSI
RBI Governor Shaktikanta Das (File Photo)While announcing the key decision of the Monetary Policy Committee (MPC) on Thursday, Governor Shaktikanta Das said the the Indian financial system remains resilient and is gaining strength from broader macroeconomic stability....
Step-by-Step Guide to Funding Your Immutable (IMX) Passport
Luisa Crawford Aug 08, 2024 06:06 Learn how to fund your Immutable (IMX) Passport for purchasing in-game assets on Immutable X and zkEVM chains with this detailed guide. Immutable (IMX) has released a...
CFTC secures Court order against operator of Tradeanedge Members Fund
The Commodity Futures Trading Commission (CFTC) has secured a Court order that puts an end to its lawsuit against Harris Bruce Landgarten, operator of Tradeanedge Members Fund (TMF). On August 7, 2024, Judge Joan M. Azrack of the New York Eastern District Court signed...
Gold (XAU/USD) Recovers Amid Rate Cut Expectations
Gold (XAU/USD) prices have rebounded to 2394 USD per troy ounce, paring previous losses as the likelihood of a US Federal Reserve rate cut increases. Market sentiment is increasingly cautious amid recession fears, influencing stock market dynamics and bolstering the...
MFIs seek easier credit rating rules as they gasp for bank loans, ET BFSI
The microfinance sector has clamoured for easy credit rating rules from banks for the micro lenders with less than Rs 500 crore portfolio so that these entities get adequate doses of bank loans to grow their businesses.The small and medium sized micro lenders are...
RBI urges vigilance on home equity, top-up loans amid rapid growth, ET BFSI
The Reserve Bank of India (RBI) today called on banks and non-banking financial companies (NBFCs) to closely monitor the end-use of funds for home equity loans and top-up loans on collateralised products such as gold loans."Home equity loans, or top-up housing loans...
USD/CHF Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8530; (P) 0.8596; (R1) 0.8683; More… Intraday bias in USD/CHF remains neutral and further decline is expected with 0.8711 resistance intact. On the downside, below 0.8500 will bring retest of 0.8431 first. Break there will resume the decline from...
Verifying facts in the age of AI – librarians offer 5 strategies :: InvestMacro
By Tracy Bicknell-Holmes, Boise State University; Elaine Watson, Boise State University, and Memo Cordova, Boise State University The phenomenal growth in artificial intelligence tools has made it easy to create a story quickly, complicating a reader’s ability to...
Finance Commission chairman Arvind Panagariya, ET BFSI
India needs to open its economy further, privatise banks and introduce factor market reforms to lift its growth beyond 6.5-7% levels, 16th Finance Commission chairman Arvind Panagariya said."The main reform we need is the privatisation of banks, " he said, adding that...
Binance Announces Listing of Toncoin (TON) with Seed Tag
James Ding Aug 08, 2024 06:25 Binance is set to list Toncoin (TON) with the Seed Tag, opening trading for several spot pairs on August 8, 2024. Binance, one of the world's leading cryptocurrency exchanges, has...
Online disinformation fueled UK riots but regulators can’t take action
Kirill Kudryavtsev | AFP | Getty ImagesLONDON — Ofcom, the U.K.'s media regulator, was chosen last year by the government as the regulator in charge of policing harmful and illegal content on the internet under strict new online safety regulations.But even as online...
Tone of the policy hawkish, pause to continue till Q4, says Economists, ET BFSI
The Reserve Bank of India on Thursday decided to retain the repo rate at 6.5 per cent, thereby maintaining a pause on its rate-hike cycle for the ninth consecutive time.The MPC further decided by a majority of 4 out of 6 members to remain focussed on "withdrawal of...
GBP/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.2669; (P) 1.2703; (R1) 1.2726; More… Intraday bias in GBP/USD stays on the downside despite some loss of momentum. Fall from 1.3043 should continue to 1.2612 support. Decisive break there should confirm that rise from 1.2298 has completed, and...
ICICI Bank leads in pre-sanctioned limits as monthly credit transactions on UPI hit Rs 10K crore, ET BFSI
The National Payments Corporation of India (NPCI) is seeing significant growth in the use of its Unified Payments Interface (UPI) credit feature, with monthly transactions now reaching approximately Rs 10,000 crore. This uptick is primarily driven by the integration...
Harris running mate Tim Walz owns no stocks, bonds, real estate
Minnesota Gov. Tim Walz, the running mate of Democratic presidential candidate Vice President Kamala Harris, speaks during a campaign rally in Eau Claire, Wisconsin, Aug. 7, 2024.Kamil Krzaczynski | AFP | Getty ImagesMinnesota Gov. Tim Walz, the Democratic running...
Standard Chartered invests in United Fintech
Following Danske Bank, Citi and BNP Paribas, UK based banking firm Standard Chartered has confirmed its investment in United Fintech, a London headquartered neutral Digital Transformation platform which acquires and forms partnerships with fintech companies in the...
Economists & Industry welcomed RBI’s decision of no rate cut amid concerns of inflation, ET BFSI
Mumbai (Maharashtra) [India], August 8 (ANI): Economists and Industry bodies have welcomed RBI's move to keep the policy repo rate unchanged they said that maintaining the repo rate provides stability and predictability in the financial markets.The RBI on Thursday...
EUR/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.0907; (P) 1.0922; (R1) 1.0938; More….. EUR/USD is extending the consolidation from 1.1007 and intraday bias remains neutral. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, break of...
India mulls major cut to food weighting in new CPI basket, ET BFSI
Representative imageAn Indian government panel tasked with revising the nation’s consumer price index is considering a substantial cut in the weighting of food, according to a person familiar with the matter, a move that could curb inflation spikes in the South Asian...
Injective (INJ) Launches ‘Altaris’ Upgrade Featuring Advanced RWA Oracle and Enhanced Burn Auction
Timothy Morano Aug 08, 2024 08:04 Injective (INJ)blockchain has successfully deployed the 'Altaris' upgrade, enhancing the ecosystem with advanced RWA Oracle, improved burn auction mechanics, and new developer tools. ...
Investors make Rs 9 lakh crore as bulls return to D-St. 5 factors behind 875 pt Sensex rally, ET BFSI
Benchmark equity indices Sensex and Nifty closed over 1% higher on Wednesday, led by banking, metal and IT stocks, as global markets eased concerns about a US recession.The BSE benchmark Sensex advanced 875 points or 1.11% to settle at 79,468. The broader NSE Nifty...
Harris, Walz antitrust policy would prioritize growth, competition
Vice President Kamala Harris would prioritize small business growth and large industry competition in shaping her own antitrust and regulatory policy if she wins the presidency in November, Maryland's Democratic Gov. Wes Moore said Wednesday."Making sure that we are...
From inflation forecast to increased UPI limit, here’s all you need to know, ET BFSI
The Reserve Bank of India's Governor Shaktikanta Das on Thursday announced the outcomes of its bi-monthly Monetary Policy Committee meeting.The repo rate, key lending rate, was kept unchanged at 6.5 per cent with focus on withdrawal of accommodation stance. Meanwhile,...
Why Progressive (PGR) Stands Out :: InvestMacro
By The Ino.com TeamIn July, U.S. consumer confidence unexpectedly ticked up, offering a glimmer of optimism despite ongoing concerns about inflation and rising borrowing costs. The Federal Reserve’s closely watched gauge revealed that inflation eased slightly in June,...
EUR/USD Outlook: Looks for Clearer Direction Signal
EUR/USD edged higher in Asia / early Europe on Thursday, hinting that pullback from Monday’s spike high (1.1009) might be over. Signals of formation of a higher base at 1.0900 zone add to positive near-term outlook, as technical studies on daily chart are...
Binance Futures to Introduce SOLUSD COIN-M Contracts with Up to 20x Leverage
Joerg Hiller Aug 08, 2024 07:28 Binance Futures will launch SOLUSD COIN-M Quarterly and Bi-Quarterly Contracts on August 14, 2024, offering up to 20x leverage. Binance Futures is set to launch SOLUSD COIN-M...
Kotak’s auto financing arm bets on SUVs and used car business, ET BFSI
Mumbai: Kotak Mahindra Prime, the auto financing arm of Kotak Mahindra Bank, is betting big on the SUV and used car segment to expand its ₹30,000-crore book. The financing company expects the festive season to bring about a revival in the auto segment, which is seeing...
RBI Guv raises concern over deposit growth, asks banks to use innovative products to mobilise funds, ET BFSI
Mumbai, Concerned over household savings moving towards alternative investment avenues, RBI Governor Shaktikanta Das on Thursday asked banks to mobilise deposits through innovative products and services by leveraging their vast branch network. "Banks are taking...
Lok Sabha passes Finance Bill, amends LTCG tax provision on immovable properties, ET BFSI
The Lok Sabha on Wednesday passed the Finance Bill 2024 after the central government relaxed the freshly-introduced new capital gains tax on real estate, allowing taxpayers an option to switch to a new lower tax rate or stay with the old regime that had higher rate...
FX option expiries for 8 August 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.The first ones are for EUR/USD, layered at the 1.0900 and 1.0955 levels. They aren't significant from a technical perspective but will likely play a role in holding price action in between the...
Apple could charge $20 for some Apple Intelligence features: analysts
Jaque Silva | SOPA Images | Lightrocket | Getty ImagesApple could charge its users up to $20 for its advanced artificial intelligence features, analysts told CNBC, as the company looks to boost the growth of its lucrative services business.The Cupertino giant plans to...
Jamie Dimon still sees a recession ahead
JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a "soft landing" for the U.S. economy are around 35% to 40%, making recession the most likely scenario in his mind.When CNBC's Leslie Picker asked Dimon if he had changed his view from...
Romanian seeking to influence U.S. policy hired Hunter Biden: Prosecutors
Hunter Biden, son of President Joe Biden, makes a statement to the press outside the U.S. Capitol about testifying publicly to the House Oversight and Accountability Committee on Wednesday, Dec. 13, 2023.Kevin Dietsch | Getty Images News | Getty ImagesProsecutors in...
Central Bank Signals Ignored; Consolidation Continues in Currency Markets
The financial markets are relatively quiet in Asian session today, with major currency pairs and crosses trading within yesterday’s range. BoC’s summary of deliberations suggested that the central bank is on track for further policy loosening. Meanwhile, BoJ’s summary...
Binance to List Toncoin (TON) with Seed Tag Applied
Darius Baruo Aug 08, 2024 06:55 Binance announces the listing of Toncoin (TON) with a Seed Tag, opening trading for several spot pairs on August 8, 2024. Binance, one of the world’s leading cryptocurrency...
Capital.com integrates Newsquawk real-time news feeds to empower retail traders
Leading Retail FX and CFDs broker Capital.com has announced a strategic partnership with leading market real-time news platform, Newsquawk. With this partnership, Capital.com clients will have access to instant, market-moving news typically reserved for institutional...
Mizuho plans to say no to Yes Bank deal; it’s SMBC vs Emirates NDB, ET BFSI
MUMBAI: Japanese financial giant Mizuho plans to exit the race for a significant stake in Yes Bank, leaving Sumitomo Mitsui Banking Corporation (SMBC) and Emirates NBD as the two serious contenders in the fray, said people with knowledge of the matter.India’s...
Inflation, grocery prices a top issue
Kroger, Walmart, and McDonald's.Beata Zawrzel | Nurphoto | Brandon Bell | Getty Images | Kamil Krzaczynski | ReutersExpensive Big Mac meals and fears of surge pricing at grocery stores have put food chains and consumer product companies in politicians'...
Gala Games Launches Season 6 of Eternal Paradox with Exciting New Features
Zach Anderson Aug 06, 2024 19:57 Gala Games unveils Season 6 of Eternal Paradox, introducing new strategies and team dynamics. Players are encouraged to form guilds and optimize their resources. A new chapter...
Arizona grand jury was interested in indicting Trump: Attorney general
Republican presidential candidate former President Donald Trump participates in a question-and-answer session at the National Association of Black Journalists convention in Chicago, July 31, 2024.Scott Olson | Getty ImagesAn Arizona grand jury that indicted 18 allies...
Govt wants sponsor banks to help RRBs upgrade technology, BFSI News, ET BFSI
The government has asked state-run banks to assist their regional rural arms in upgrading their technology and onboarding them to the National Payment Corporation of India's (NPCI) BASE platform that facilitates the direct benefit transfer (DBT) program.Last week,...
‘Wardrobing’ retail fraud soars in the summer
A particular type of retail fraud soars during the summer season."Wardrobing," in which a shopper buys an expensive item, wears it with the tags on, and then returns the product for a refund, picks up as shoppers bolster their closets for summer vacations, according...
USD/JPY Analysis: Rate Stabilizes After Tsunami
Less than a month ago, the rate was above 161 yen per US dollar. This week, it dropped below 142.5 yen (approximately -12%). The strengthening of the Japanese yen was driven by actions from the Bank of Japan and financial authorities: → Intervention to support the yen...
Fernanda Orduña Rangel Discusses Decaf’s Decentralized Financial Solutions
Luisa Crawford Aug 06, 2024 20:17 Fernanda Orduña Rangel, co-founder of Decaf, shares insights on how the wallet app is transforming financial access in Latin America and Africa. Fernanda Orduña Rangel,...
Govt appoints Rohit Das as RBI nominee director on board of Canara Bank, ET BFSI
New Delhi, State-owned Canara Bank on Tuesday said the government has nominated Rohit Das as RBI nominee director on its board. The central government vide notification dated August 5, 2024, has nominated Rohit Das as RBI Nominee Director in place of R Kesavan on the...
More Money Challenge: Get Motivated by Ashley’s Journey
To know Ashley L. is to love her. On the @OrganizedWallet, she effortlessly combines her passion for growth with an incredibly aesthetic lifestyle that feels refreshingly within reach. Her pristine home, stylish wardrobe, meticulously organized YNAB categories, and...
BoJ Comments Ease USDJPY Oversold But Unlikely to Be a Game-Changer
USDJPY jumped more than 2% after comments from the Bank of Japan’s deputy governor reduced the chances of further policy tightening soon. Uchida said that the central bank will not raise interest rates when markets are unstable. These words brought buyers back into...
Disney’s media assets are generating more excitement than parks
A scene from Disney and Pixar's film "Inside Out 2."Courtesy: 2024 Disney | PixarHere's a surprise: Disney's media business isn't weighing down the company anymore.The primary Disney investor narrative since 2022 has been how streaming losses, combined with a...
This Trend Will Likely Soon Rock the U.S. Financial System :: InvestMacro
Why monetary inflation has been shrinking By Elliott Wave InternationalNearly everyone who buys groceries, fills their car tank with gas, pays rent, buys car insurance and so on is talking about the high cost of living. And it’s true that consumer price inflation is...
IDFC First Bank leases 4 entire floors of office space in Mumbai’s Goregaon, ET BFSI
IDFC First Bank has picked up an office spread over four entire floors of a commercial complex in Mumbai’s western suburb Goregaon through a long-term lease of over five years.The rentals for nearly 1.65 lakh sq ft office space in commercial tower Oberoi Commerz III,...
GBP/USD Outlook: Recovery Above Daily Cloud Likely to Be Limited
Cable started to gain traction and edged higher on Wednesday morning, after the latest drop penetrated rising daily cloud (cloud top at 1.2702) but found firm ground at 1.2682 (100DMA) where dips were repeatedly rejected. Subsequent rise may generate initial bullish...
NVIDIA BlueField DPUs Enhance VAST Data Platform for AI Workload Optimization
Jessie A Ellis Aug 06, 2024 20:32 VAST Data integrates NVIDIA BlueField DPUs to optimize AI workloads, boost performance, and enhance data security. As the demand for sophisticated AI capabilities escalates,...
Summer Fun, Food, and Shopping at Peddler’s Village
Heading to the shore is the default summer trip, but this year the thought of crowded boardwalks, beach traffic, and shielding a bucket of French fries from dive-bombing seagulls had me less than enthusiastic. Instead, I headed to Peddlers Village in the rolling...
AI-Driven Shark Detection Enhances Beach Safety in California
James Ding Aug 06, 2024 21:04 AI technology SharkEye is improving beach safety by detecting sharks in real-time using drones and machine learning, according to NVIDIA. California beaches are becoming safer with...
NZ Dollar Surges on Strong Employment Data
The New Zealand dollar has soared today. In the European session, NZD/USD is trading at 0.6018, up an impressive 1.1% at the time of writing. New Zealand job growth surprises on the upside New Zealand’s labour market has been cooling off due to elevated interest rates...
SEC brings fraud charges against Taylor Woods and Howard Wu
The Securities and Exchange Commission (SEC) has taken action against Taylor Woods and Howard Wu. The relevant complaint was filed on August 6, 2024, at the California Central District Court. This case concerns two securities fraud schemes perpetrated by Defendants...
Banks write off loans worth Rs 9.90 lakh cr in last 5 financial years, ET BFSI
New Delhi, Banks have written off loans worth Rs 9.90 lakh crore in the last five financial years, Parliament was informed on Tuesday. During 2023-24, banks loan write off was at Rs 1.70 lakh crore, as against Rs 2.08 lakh crore in the previous fiscal, Minister of...
IOTA Token Achieves Shari’a Compliance, Certified by Cambridge Institute
Timothy Morano Aug 06, 2024 21:42 IOTA Token has been certified as Shari’a-compliant by the Cambridge Institute of Islamic Finance, enhancing trust and growth in the Middle East. The IOTA Token has been...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 143.21; (P) 144.79; (R1) 145.95; More… USD/JPY is staying below 150.88 resistance despite current rebound. Intraday bias remains neutral and further decline is expected. On the downside, below 144.04 minor support will bring retest of 141.67 first....
Panic selling of indices is over. New Zealand’s rising unemployment brings the RBNZ easing cycle closer :: InvestMacro
By JustMarketsAt Tuesday’s close, the Dow Jones (US30) Index was up 0.76%, while the S&P 500 (US500) Index was up 1.04%. The NASDAQ Technology Index (US100) closed positive 1.03%. US stocks recovered strongly on Tuesday, rebounding after a three-day sell-off. Dip...
Restrictions on reward points, transactions that won’t earn points, ET BFSI
HDFC Bank has modified the loyalty program for specific credit cards. The updated regulations will take effect on September 1, 2024. A notification regarding these changes was sent to the relevant customers via email by the bank.New HDFC Bank credit card rules from...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8485; (P) 0.8529; (R1) 0.8556; More… USD/CHF’s recovery from 0.8431 extends higher today but upside is still limited well below 0.8711 resistance. Intraday bias remains neutral and further decline remains in favor. On the downside, below 0.8500...
Injective (INJ) Community Update Highlights July Milestones
Tony Kim Aug 06, 2024 22:07 Injective's July Community Update details significant milestones, including the success of the Injective (INJ)Builder House during EthCC. Injective (INJ) has released its July Monthly...
CFI introduces Pre and Post-Market trading for US-listed shares
Leading online broker CFI has announced the launch of pre and post-market trading on physical US-listed shares through its CFI Multi-Asset platform. This new feature allows traders to capture opportunities outside standard trading hours, exemplifying CFI’s commitment...
Govt approves appointment of CS Setty as SBI chairman; Rana Ashutosh Kumar Singh to takeover as MD, ET BFSI
Challa Sreenivasulu Setty was appointed as the chairman of the State Bank of India on Tuesday. His tenure will be due to start for three years on or after August 28. The Appointments Committee of the Cabinet approved the decision. The government also appointed Rana...
Preview of RBNZ: Nearing the Finish Line – But Not Quite There Yet
We expect the RBNZ will leave the OCR at 5.5% at the August Monetary Policy Statement. We expect a significant revision in the forward view for the OCR consistent with potential easing in October and November, leaving the year end OCR at 5%. We also expect significant...
Remember Inflation? July CPI Preview
Summary The July CPI report is likely to further the case that inflation is quieting down even if it has not yet returned all the way back to the Fed’s target. We look for headline CPI to have advanced 0.2% in July, which would keep the year-over-year rate steady at...
Anticipating a Correction :: InvestMacro
By RoboForex Analytical DepartmentBrent crude oil’s price increased to 76.88 USD per barrel on Wednesday, continuing to rise for the second consecutive session. This rebound helps mitigate previous losses, which were part of a broader market risk aversion...
No need to maintain minimum balance in Jan Dhan, basic savings accounts: FM, ET BFSI
New Delhi, Finance Minister Nirmala Sitharaman on Tuesday said there is no need to maintain minimum balance in Jan Dhan as well as basic savings accounts, and banks impose penalties only in cases where customers fail to maintain a requisite amount in their accounts....
Binance Introduces ‘Word of the Day’ Game with Focus on Account Security
Luisa Crawford Aug 06, 2024 22:24 Binance launches 'Word of the Day' game, allowing users to earn Binance Points by testing their knowledge on account security. Binance has launched a new 'Word of the Day'...
Hamas’ new political leader Yahya Sinwar is seen as more extreme
Yahya Sinwar (C), Palestinian leader of Hamas in Gaza Strip, greets people during an event marking the 35th anniversary of the establishment of Hamas in Gaza City, Gaza on December 14, 2022. Ali Jadallah | Anadolu | Getty ImagesHamas on Tuesday appointed Yahya Sinwar...
Some selling pressure creeps into bitcoin
It's an emotion-driven market right now and bitcoin has been a good forerunner of market sentiment so I'm keeping a close eye on it.In the past 30 minutes or so, bitcoin is down $1000.bitcoin 10 minsEthereum is also down 3% and has given up all of yesterday's gains...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2642; (P) 1.2723; (R1) 1.2772; More… Intraday bias in GBP/USD stays on the downside and fall from 1.3043 should continue to 1.2612 support. Decisive break there should confirm that rise from 1.2298 has completed, and target this support next. For...
Shopify (SHOP) earnings Q2 2024
The Shopify logo is pictured outside the The Well building on Spadina Ave. in Toronto.Lance Mcmillan | Toronto Star | Getty ImagesShares of Shopify popped as much as 22% in early trading on Wednesday after the Canadian e-commerce company topped expectations for the...
TradingView introduces tick charts (beta)
TradingView is introducing one of the most historically requested features: tick charts (in beta). Tick charts allow you to build bars based on a defined number of transactions rather than fixed time intervals. Each bar on such a chart represents a set number of...
Banks likely to boost AT-1 bond issues after SEBI’s valuation change, ET BFSI
The Securities and Exchange Board of India (SEBI) announced a significant change, stating that the valuation of additional tier-1 (AT-1) bonds by mutual funds will now be based on yield to call. This move, aligning with a long-standing market request, is expected to...
Canaan Inc. (CAN) to Release Q2 2024 Financial Results on August 15
Lawrence Jengar Aug 07, 2024 03:02 Canaan Inc. (NASDAQ: CAN) will report its Q2 2024 financial results on August 15, 2024, before the U.S. market opens, according to PRNewswire. Canaan Inc. (NASDAQ: CAN), a...
Brent Oil Price Analysis: Anticipating a Correction
Brent crude oil’s price increased to 76.88 USD per barrel on Wednesday, continuing to rise for the second consecutive session. This rebound helps mitigate previous losses, which were part of a broader market risk aversion phase. Current market dynamics Investor...
Conflux (CFX) v2.4.0 Network Hardfork Upgrade Successfully Completed
Jessie A Ellis Aug 07, 2024 03:23 Conflux (CFX) v2.4.0 network hardfork upgrade, featuring CIP-1559 activation, has been successfully completed. CIP-136 will be enabled by Aug 13. The Conflux v2.4.0 network...
Cboe plans to launch options on Cboe Volatility Index (VIX) futures
Cboe Global Markets, Inc today announced plans to launch options on Cboe Volatility Index (VIX) futures. The new options on VIX futures (VX) are expected to begin trading on Cboe Futures Exchange, LLC (CFE) on October 14, subject to regulatory review. Cboe currently...
Why banks are offering higher deposit rates despite no fund crunch, ET BFSI
Several large banks have increased their medium-term deposit rates by 15-20 basis points over the last few weeks at a time when system liquidity remains sufficient, and the government expected to release funds after a temporary hold-up due to general elections.The...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0903; (P) 1.0933; (R1) 1.0962; More….. Intraday bias in EUR/USD stays neutral and more consolidations would be seen below 1.1007. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside,...
Madison Reed bets on women’s sports with UConn basketball partnership
Paige Bueckers has kicked off her partnership with Madison Reed by going from blond to "sparkling rose."Courtesy: Madison ReedThe latest women's college sports deal comes with a splash — of color.The University of Connecticut has struck a deal with beauty brand...
Pershing fined for failing to report millions of fractional share trades to FINRA/Nasdaq Trade Reporting Facility
Pershing LLC has agreed to pay a fine of $175,000 fine as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). From June 1997 through June 2023, Pershing failed to report millions of fractional share trades executed in a principal capacity...
Rupee hits record low for third day amid US growth concerns and equity outflows, ET BFSI
The rupee closed at a record low for the third consecutive day due to outflows in Indian equities and risk aversion due to signs of a growth slowdown in the USThe rupee closed at 83.96 versus the US dollar on Tuesday, a new record low, against the previous close of...
BoC Deliberations Awaited as Kiwi Gains, Yen Falls
News flow has been slow today, with only second-tier economic data coming out of Europe and no major releases from the US. Some attention is turning towards Canada, where BoC is set to release its summary of deliberations from the July 24 meeting, which resulted in...
Binance Offers $100,000 USDC Rewards and Loss Protection for Spot Trading Participants
Peter Zhang Aug 07, 2024 03:55 Binance announces a promotion for new and existing users, offering $100,000 USDC in rewards and loss protection for Spot trading activities. Binance, one of the leading...
Google’s antitrust ruling bears resemblance to Microsoft monopoly case
Google CEO Sundar Pichai testifies before the House Judiciary Committee at the Rayburn House Office Building on December 11, 2018 in Washington, DC.Alex Wong | Getty ImagesIn ruling Monday that Google has held a monopoly in internet search, U.S. judge Amit Mehta...
NZDUSD Jumps Aggressively Higher – Action Forex
NZDUSD records a sizeable green candle today Strong reaction following the recent acute correction Momentum indicators are mixed, bearish pressure weakening NZDUSD is edging aggressively higher today, cancelling out a good part of the recent correction that led to a...
TP ICAP to commence third share buyback programme of £30M
Following the imminent completion of its second buyback programme of £30 million, TP ICAP Group plc (LON:TCAP) announces that it will commence a third share buyback programme, starting once the Second Buyback completes, of TP ICAP’s ordinary shares of 25p each for a...
How Used Car Finance Apps Are Changing the Car Buying Landscape, ET BFSI
Buying a used car can feel like navigating a maze. The excitement of finding the right vehicle often gets bogged down by the complexities of securing financing. The challenge is not only to find the right car, but also the right financier. No matter the price of the...
Elon Musk ‘accountable to no one,’ UK tech minister says
Harun Ozalp | Anadolu Agency | Getty ImagesElon Musk is "the one person who is accountable to no one" and his impact on public discourse should not be underestimated, the U.K.'s technology minister said in an interview with the Times newspaper, adding to recent...
China Forestry Executives Found Guilty of Market Misconduct
Rebeca Moen Aug 07, 2024 08:48 The Market Misconduct Tribunal finds China Forestry's former chairman and CEO guilty of false disclosures and insider trading. The Market Misconduct Tribunal has found the former...
AUD/USD: Hawkish RBA and Dovish BoJ Underpin Recovery
AUDUSD recovery from Monday’s spike low (0.6348, the lowest since early Nov 2023) picks up on Wednesday. Hawkish RBA on Tuesday, with policy diverging from other major central banks, fading fears about US recession and the latest dovish shift from BOJ, were the key...
FCA on crypto marketing: If firms do not improve we will act
UK financial regulator The FCA has announced that it recently reviewed several crypto firms’ compliance with certain financial promotion rules, designed to help people better understand the risks of investing in crypto. The crypto marketing rules regime, introduced by...
PSU banks report over threefold increase in compensation for fraud cases to Rs 140 crore, ET BFSI
Public sector banks have posted a significant rise in compensation payouts for frauds and electronic frauds, with the total amount jumping over three-fold to Rs 140 crore during the fiscal year 2023-24, according to information provided to Parliament on Tuesday....
Market Analysis: GBP/USD Dives While EUR/GBP Gains Strength
GBP/USD started a fresh decline from the 1.2860 resistance zone. EUR/GBP is rising and might climb above the 0.8620 resistance. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is showing bearish signs below the 1.2800 support. There is a...
CVS Health (CVS) earnings Q2 2024
The CVS pharmacy logo is displayed on a sign above a CVS Health Corp. store in Las Vegas, Nevada on Feb. 7, 2024.Patrick T. Fallon | AFP | Getty ImagesCVS Health on Wednesday reported second-quarter earnings that topped expectations, but slashed its full-year profit...
Britain’s top lenders could be dismantled smoothly in a crisis, says Bank of England, ET BFSI
LONDON: Britain's top eight banks including HSBC, Barclays, Lloyds and Natwest could be wound down in a crisis without the immediate need for taxpayer cash, the Bank of England said on Tuesday following its second 'resolvability' check of the lenders.Being able to...
Crypto’s Covid Crash Still 5X Worse Than 2024 Sell-Offs
Terrill Dicki Aug 07, 2024 09:45 CoinGecko reports that the Covid-19 crash remains the worst global crypto market correction, significantly more severe than 2024's sell-offs. The Covid-19 induced crash on March...
Ethereum (ETH) ETF Launch: Market Reactions and Initial Performance
Ted Hisokawa Aug 07, 2024 10:21 The launch of Ethereum ETFs marks a significant milestone, making Ether accessible through familiar investment tools. Major financial institutions have shown interest. The...
1Market operator Exelcius Prime hit with €740K fine by CySEC
Cyprus financial regulator CySEC has just issued one of the largest fines ever handed out to a Retail FX and CFDs broker, announcing a €740,000 fine to CIF holder Exelcius Prime Ltd. Exelcius Prime had its CySEC license suspended back in 2022. The company previously...
Elon Musk’s Trump support pushes a corporate customer away from Tesla
Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul | Pool | Via ReutersEuropean drugstore giant Rossmann announced Tuesday it will no longer buy Tesla's electric...
D-Street investors’ wealth erodes by Rs 22 lakh crore in three days of market crash, ET BFSI
New Delhi, Investors' wealth eroded by a whopping Rs 22 lakh crore in three days of market slump with the BSE benchmark Sensex tanking 4 per cent. In three days, the Sensex tumbled 3,274.48 points or 3.99 per cent. The massive correction came after the benchmark index...
USD/CHF: Can The Dollar Rebound from Its Plunge?
Key Highlights USD/CHF declined heavily below the 0.8700 support and tested 0.8430. A major bearish trend line is forming with resistance at 0.8600 on the 4-hour chart. Bitcoin started a recovery wave from the $48,500 zone. Gold corrected gains and might revisit the...
Inflation target evades RBI’s rate panel as rejig looms, ET BFSI
The Indian central bank's (Reserve Bank of India) rate setting panel faces another food-driven spike in inflation as it meets a final time ahead of the exit of the committee's external members in the first of several scheduled key policymaker changes over coming...
Bangladesh protesters expect interim government to be finalized on Wednesday
National flag of Bangladesh flying from a flagpole.Richard Sharrocks | Moment | Getty ImagesBangladesh's protest leaders said they expect members of an interim government, led by Nobel laureate Muhammad Yunus, to be finalized on Wednesday after Prime Minister Sheikh...
Sony rules out renewing Paramount offer, says it wouldn’t fit strategy
The Paramount Studios in Los Angeles, California, US on Monday, April 29, 2024. Eric Thayer | Bloomberg | Getty ImagesSony's finance chief on Wednesday said the Japanese technology and media giant will not reconsider a fresh bid for film and TV production group...
Bitcoin: From Shock to the Death Cross
Market picture Crypto market capitalisation is back above $2 trillion, up 1.3% over 24 hours. On Wednesday, the Crypto Fear and Greed Index retreated from extreme fear territory at 17 (the lowest in over two years) to 29. The sharp declines in Bitcoin and Ethereum,...
Equals updates on strategic review
Equals Group plc (LON:EQLS) today issued an update on the review of its strategic options. On 10 July 2024 the Board of Equals announced that it had received an improved indicative non-binding proposal from the consortium comprising Embedded Finance Limited (“Railsr”)...
IIFL Finance Q1 profit falls 28 pc to Rs 338 cr, BFSI News, ET BFSI
New Delhi, IIFL Finance on Tuesday posted 28 per cent decline in consolidated profit at Rs 338 crore for June quarter FY25 as RBI imposed ban on its gold loan business. The NBFC had earned a profit of Rs 473 crore in the same quarter a year ago. The Reserve Bank of...
Will RBI cut rates on August 8 amid growing US recession fears?, ET BFSI
The Reserve Bank of India (RBI) is expected to keep the key interest rate unchanged at 6.5% during its upcoming Monetary Policy Committee (MPC) meeting scheduled for August 6 to 8, with the decision to be announced on August 8. This anticipated move aligns with expert...
Metaverse Investments Guide: Navigating Opportunities and Risks
The exponential evolution of technology is one of the foremost reasons for pushing for new perspectives in digital transformation. Among the different technological advancements that have caught the attention of people worldwide, the metaverse has emerged as a...
Drugmakers on new negotiated prices with Medicare
President Joe Biden speaks during an event at the National Institutes of Health in Bethesda, Maryland, Dec. 14, 2023.Chris Kleponis | Bloomberg | Getty ImagesThink a friend or colleague should be getting this newsletter? Share this link with them to sign up.Good...
HKMA Issues Warning on Phishing Threats Tied to Octopus Cards Limited
Luisa Crawford Aug 07, 2024 09:16 HKMA alerts public about phishing messages and fraudulent websites linked to Octopus Cards Limited. Urges immediate action if personal information was shared. The Hong Kong...
Airbnb shares fall 14% on earnings miss, fear of slowing U.S. demand
Airbnb CEO and co-founder Brian Chesky speaks at The Fast Company Innovation Festival on September 21, 2022, in New York.Eugene Gologursky | Getty Images Entertainment | Getty ImagesAirbnb shares dropped 14% in after-hours trading after the company reported...
Trump possible target of Pakistani national charged in murder-for-hire plot
Zoom In IconArrows pointing outwardsFederal prosecutors have charged Asif Merchant, a Pakistani national with alleged ties to Iran, in a murder for hire plot of a U.S. politician or government officials.Courtesy: Department of JusticeA Pakistani national with ties to...
Oil Prices Near Recent Lows: Demand Concerns Keep Bulls at Bay
Oil prices remain subdued due to recession fears and demand concerns. US stockpiles unexpectedly increased, adding to the bearish sentiment, EIA data out later today. Geopolitical tensions in the Middle East and China’s economic outlook are also contributing factors....
RBI acts to make the rupee lose its mojo, but gain export competitiveness, ET BFSI
The rupee's recent underperformance against the US dollar, boosting India's export competitiveness, could well be the intended outcome of calibrated central bank action to correct what it perceived as the local unit's overvaluation after the real effective exchange...
Super Micro announces 10-for-1 stock split, shares plunge 13% on earnings miss
Sopa Images | Lightrocket | Getty ImagesShares of server company Super Micro Computer plunged 13% on Tuesday after the company announced fiscal fourth-quarter earnings that missed analyst expectations. The company also announced a 10-for-1 stock split, set to begin...
H2O to pay €250M to investors following FCA investigation
Asset manager H2O AM LLP will pay €250 million to investors unable to access their funds since 2020, following an investigation by the UK Financial Conduct Authority (FCA). Between April 2015 and November 2019, H2O failed to carry out proper due diligence on...
Boeing, Spirit AeroSystems in spotlight at NTSB hearing on 737 Max panel blowout
Jennifer Homendy, Chair of the National Transportation Safety Board, speaks during investigative hearing, into the blowout of a left mid exit door plug on a Boeing 737-9 MAX during Alaska Airlines Flight 1282 flight on January 5, 2024, at the National Transportation...
RBI expected to hold repo rate steady in upcoming MPC meeting: Care Edge, ET BFSI
New Delhi [India], August 7 (ANI): Amid the speculations on the policy stance of the upcoming Monetary Policy Committee (MPC), credit rating agency, Care Edge has anticipated a stable repo rate."The stance is anticipated to remain at 'withdrawal of accommodation,'...
EUR/CHF Outlook: Bounces from Multi-Year Low on Fresh Risk Appetite/SNB Intervention Talks
EURCHF edged higher in early trading on Wednesday on s=initial signals that risk appetite is gaining traction. The pair from new multi-year low after being hit by surge in risk aversion in past few days, sparked by worsening economic and geopolitical conditions, which...
Reddit RDDT Q2 2024 earnings report
Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange on March 21, 2024.Timothy A. Clary | AFP | Getty ImagesReddit reported second-quarter results on Tuesday that topped analysts' estimates.Here's how the company did...
Getting Started with BTTC: Writing Your First Smart Contract
Alvin Lang Aug 07, 2024 08:29 Explore how to write your first BitTorrent Chain (BTTC) smart contract and understand key concepts like state variables and public functions. BitTorrent Inc. has introduced a...
RBI starts deliberations on monetary policy amid expectations of status quo on interest rate, ET BFSI
Reserve Bank's rate-setting panel started its three-day deliberations for the next set of bi-monthly monetary policy amid expectations of no change in benchmark interest rate in view of concerns on inflation and economic growth remaining steady. The decision of the...
Trump silent on ‘Kamala Crash’ attacks as stocks rebound
After using the market's global sell-off as an opportunity to attack Vice President Kamala Harris, former President Donald Trump and his Republican allies were noticeably quieter Tuesday, as stocks gained back some of their losses.The S&P 500 closed just over 1%...
Rivian (RIVN) Q2 earnings report 2024
Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024. Joel Angel Juarez | ReutersRivian Automotive beat Wall Street's top- and bottom-line expectations for the second quarter as...
Saxo Bank Japan suspends fixed spreads on EUR/JPY
Saxo Bank Securities Co., Ltd., the Japanese subsidiary of multi-asset investment specialist Saxo Bank, today issued a brief notice regarding trading conditions. The broker announced the temporary suspension of fixed spreads on EUR/JPY. Saxo explains that various...
Gold prices rebound as consumers rush to buy amid geopolitical tensions, ET BFSI
Consumers are rushing to buy gold, some even placing advance orders, on fears that prices may start rallying again after a recent decline, said jewellers and trade executives. Prices of the yellow metal fell after a customs duty cut in the budget but have since...
USDJPY Begins a Healing Process
USDJPY gears up after 7-month low Recent sharp sell-off looks overdone Bulls hope for a close above 146.58 to continue higher USDJPY showed signs of life on Wednesday, forcefully bouncing above the 144.57 bar that had limited Tuesday’s gains following the flash spike...
Profit jumps 10% on gaming growth
Beyoncé performs onstage during the Renaissance World Tour.Kevin Mazur | Wireimage | Getty ImagesSony on Wednesday reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations after seeing strong growth in its gaming, music and...
RBI rate action unlikely, no sense to deviate from global winds: Emkay Research, ET BFSI
The fluidity of global narratives and policy repricing, in conjunction with surplus banking liquidity, noisy food inflation back home, and a still-elusive 4% inflation target, make it tricky for the RBI to find a balance in its policy biases, said Emkay Global ahead...
FX option expiries for 7 August 10am New York cut
There is one to take note of on the day, as highlighted in bold.However, there is a major caveat attached to it. That considering it is one for USD/JPY and price action there is extremely volatile as we're witnessing a ~350 pips range already so far today. As such,...
SoftBank earnings report Q1 FY 2024
Workers on the stage as they prepare for a SoftBank Group Corp. news conference in Tokyo, Japan, on Thursday, June 27, 2024. Toru Hanai | Bloomberg | Getty ImagesSoftBank Group booked a 1.9 billion yen ($12.9 million) investment gain on its Vision Fund tech investment...
Disney (DIS) Q3 earnings report 2024
The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023.Joe Burbank | Tribune News Service | Getty ImagesDisney reports earnings before...
Kamala Harris and Tim Walz rally in Philadelphia
U.S. Vice President and Democratic presidential candidate Kamala Harris holds a campaign rally with her newly chosen vice presidential running mate Minnesota Governor Tim Walz in Philadelphia, Pennsylvania, U.S., August 6, 2024. Elizabeth Frantz | ReutersVice...
NZD Rallies on Strong Q2 Employment Data; JPY Sinks Amid BoJ Caution
New Zealand Dollar surged strongly today following much better than expected Q2 employment data.. Speculations of an early rate cut by RBNZ next week now seem exaggerated. Major banks still expect RBNZ to start easing monetary policy this year, with consensus pointing...
Binance Launches New Limited-Time Offers for Earn Wednesday
Caroline Bishop Aug 07, 2024 04:12 Binance introduces new offers for Earn Wednesday, featuring rewards across Simple Earn, ETH Staking, Dual Investment, and more. Binance, the world-renowned cryptocurrency...
Exness granted South Africa FSCA ODP license
Leading multi-asset retail broker Exness has announced that South Africa financial regulator The Financial Sector Conduct Authority (FSCA) has granted the company an ‘Over-the-Counter Derivative Provider’ (ODP) license in South Africa, broadening its license...
6 Dental Marketing Ideas That Will Help Your Practice Flourish
Marketing is essential for a dental practice to thrive. It doesn’t just bring in new patients; dental marketing is also instrumental in solidifying relationships with existing clients. There are several approaches dentists can take to market their practice...
Immutable (IMX) Achieves Major Milestones in July 2024, Expands into Japan
Jessie A Ellis Aug 07, 2024 07:51 Immutable (IMX) records significant growth with 2M Passport signups, new gaming titles, and expansion into Japan in July 2024. Immutable (IMX) has achieved significant...
Net profit soars 77% YoY to Rs 46 crore, ET BFSI
Grihum Housing Finance, formerly Poonawala Housing Finance, reported a net profit after tax of Rs. 46 crore for the first quarter of this fiscal, up 77% on year. The housing finance company has assets under management of Rs. 8,700 crore, up 33% on year.“Our...
RBI’s redressal framework, where and how to lodge a complaint?, ET BFSI
The Reserve Bank of India (RBI) has established a comprehensive framework for redressal of complaints against entities regulated by it, including banks, non-banking finance companies (NBFCs), digital payment operators, and other financial institutions. There are...
Elon Musk to interview Donald Trump after Harris taps Walz
Elon Musk (L) and Donald Trump (R).David Swanson | Vincent Alban | ReutersRepublican presidential nominee Donald Trump said he will be interviewed on Monday night by Elon Musk, the billionaire who runs Tesla, SpaceX and social media site X.The former president's...
Arsenal names Athletic Brewing as official nonalcoholic beer partner
Athletic Brewing Company is the official nonalcoholic beer partner of Arsenal F.C.Courtesy: Athletic Brewing Co.Athletic Brewing Company has scored a partnership with Arsenal, becoming the English soccer team's first official nonalcoholic beer partner.Arsenal will...
George Danezis Discusses Mysticeti’s Impact on Sui’s Throughput and Latency
Lawrence Jengar Aug 06, 2024 19:25 Mysten Labs' Chief Scientist, George Danezis, elaborates on Sui's new consensus engine, Mysticeti, and its influence on throughput and latency. Mysten Labs' Chief Scientist,...
ICICI Bank to target self-employed, scale up its private banking to build deposit base, ET BFSI
Mumbai: India’s second largest lender ICICI Bank is gearing up to target the self-employed individuals, scale up its private banking and wealth management clientele and focus on family offices to build its deposit base. In an interaction with Macquarie Capital the...
USD/CHF Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8437; (P) 0.8520; (R1) 0.8606; More… USD/CHF recovered after dipping to 0.8431 and intraday bias is turned neutral first. Some consolidations would be seen but upside should be limited by 0.8711 resistance. Below 0.8431 will resume the fall from...
Over Rs 177 crore lost on account of ATM/credit card, internet banking frauds, ET BFSI
New Delhi: As much as Rs 177 crore was lost on account of credit, debit card and internet banking frauds in the 2023-24 fiscal, Parliament was informed on Monday. In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said the amount of...
