Russian vlogger Koko, filming in Delhi’s Sarojini Nagar, interrupted by a man’s friendship request. Video receives 68,000 views, eliciting mixed reactions from viewers. An unexpected encounter adds a twist to the vlogger’s content. A Russian vlogger was making a video in Delhi’s Sarojini Nagar Market when he encountered an unpleasant situation. She was recording when … Read more
Consumer prices data is due early Wednesday. Analysts expect core CPI to repeat May’s 0.6% monthly increase. Cooling down to 5.7% year-on-year. Investors look for further confirmation that inflation has peaked. U.S. June consumer costs information due from the beginning Wednesday has market members’ full focus, remaining as the last possibly market-moving impetus before second-quarter … Read more
Farmers camping out at cattle market between Islamabad and Rawalpindi for two weeks. Consumers refrained from buying cows and goats for Eid ul Adha due to economic downturn. Bulls sell for between Rs100,000 and Rs700,000; goats and sheep go for up to Rs40,000. One of the largest livestock markets in Pakistan saw slower-than-normal business on … Read more
Bill Gates is not a fan of cryptocurrencies and non-trustful financial institutions (NFTs). His remarks come as the value of bitcoin and other cryptocurrencies is plummeting. NFTs are based on “bigger fool theory,” according to Gates. Bill Gates is not one of the proponents of cryptocurrencies and NFTs. The Microsoft co-founder stated at a TechCrunch … Read more
The U.S. stock market is reeling from its worst first half of any year since 1970. The Federal Reserve’s monetary policy meeting is among potentially pivotal events after the S&P 500 fell 20.6% in the first six months. The S&P 500 has had one of the worst starts to the year since World War Two. … Read more
Micron Technology (MU.O) projected final quarter income and benefit beneath market gauges on Thursday. A sign that international strife and shortcoming in purchaser spending would burden interest for its memory chips. Micron gauge changed income for the ongoing quarter to be $7.2 billion, give or take $400 million. Investigators on normal expected a figure. Amount … Read more
Dow Jones Industrial Average slid 491.27 points (1.56%) to 30,946.99. Disappointing economic data reversed key averages’ gains. The Conference Board’s consumer confidence index slipped to 98.7 from 103.2 in May. U.S. equities dipped Tuesday, erasing earlier gains as the market struggled to bounce from bear-market lows. Dow Jones Industrial Average slid 491.27 points (1.56%) to … Read more
After putting Boots for sale in January, Walgreens claimed to have received numerous proposals. Mukesh Ambani and Apollo Global Management were reportedly interested purchasers. The company was valued at around £9 billion when it announced its merger in 2014. According to US pharmacy behemoth Walgreens, purchasers of Boots were unable to acquire sufficient financing because … Read more
The dollar index eased 0.08% to 104.39, giving back some of its 0.53% rallies overnight. Treasury 10-year yields slid more than 1 basis point in Tokyo, trading to around 3.17%. Asian equities followed Wall Street lower after U.S. shares fell. The dollar index gave back some of its 0.53% rallies overnight, spurred mainly by weakness … Read more
KARACHI: In the interbank market on Tuesday, the Pakistani rupee continued to appreciate against the US dollar, according to ARY News. State Bank of Pakistan (SBP) reports that the local currency increased by Rs1.07 versus the US dollar in interbank trading to close at 206.87. Interbank closing #ExchangeRate for todayhttps://t.co/BxztniOacU pic.twitter.com/CrkVMQu4D6 — SBP (@StateBank_Pak) June … Read more
Tokyo stocks closed higher, boosted by Wall Street advances and rises in chip-related shares. The dollar fetched 134.79 yen in Asian trade, against 134.94 yen in New York. Japan’s core consumer prices rose 2.1 percent. Tokyo shares closed higher, boosted by Wall Street advances and rises in chip-related stocks. The Nikkei 225 index advanced 1.23 … Read more
The Dow Jones Industrial Average was up 1.3 percent at 31,068.91. The S&P 500 rose 1.6 percent to 3,854.59. The tech-heavy Nasdaq Composite Index rose 2.0 percent to 11,455.97. US stocks rise, nearing the end of a winning week for equities amid prospects of a market resurgence following a difficult spell. Stocks have been falling … Read more
Energy is at the heart of a financial fight between Russia and the West over Ukraine. “This is another aspect,” Habeck said. “This methodology can’t be permitted to succeed.” Germany Economy Minister Habeck said diminished supplies added to monetary assault and part of Russian President Putin’s arrangement. The EU depended on Russia for as much … Read more
Nikkei 225 index gained 1.84 percent, or 475.09 points, to close at 26,246.31. The Topix index gained 2.05 percent, 37.26 points. The yen’s fall to 135 against the dollar sparked rallies in major exporters like high-tech stocks. Tokyo stocks finished the day higher, rebounding dramatically after investors were encouraged in part by a spike in … Read more
Facebook invested $5.7 billion in Reliance’s Jio Platforms in April 2020. Transaction aided Mukesh Ambani’s Reliance Industries in reducing its massive debt load. SEBI fined Reliance and the two compliance officers 3 million Indian rupees ($38,522). The Indian market regulator fined Reliance Industries and two of its compliance officers on Monday for failing to follow … Read more
The price of Bitcoin (BTC) has fallen below $20K for the first time since 2020. BTC’s price sank to as low as $17,593 at one time on Saturday, a 13 percent decline. Price recovered to $18,556 on Sunday, a 9.22 percent price decrease. The price of Bitcoin (BTC), the largest cryptocurrency by market cap, has … Read more
The hash rate for Bitcoin set a record high of 231,428 EH/s on June 12. The price of this coin plunged to less than $20,000 per coin on June 17. Analysts say the mining difficulty must fall or the Bitcoin price must rise for miners to benefit. Bitcoin miners reduce or “plug” miners because of … Read more
Bitcoin (BTC) has fallen below the $20k price level for the first time since December 2020. During this month of June, BTC has decreased for 12 consecutive days. Cryptocurrency market capitalization is somewhat more than $820 billion, down from $3 trillion. As the crypto market continues to deteriorate, Bitcoin (BTC), the most valuable cryptocurrency, has … Read more
The S&P 500 rose more than 1% in choppy trade on Wednesday. The Federal Reserve raised interest rates to meet market expectations. The central bank is trying to fight rising inflation without tilting the economy into a recession. It projected a slowing economy and rising unemployment for months to come. The S&P 500 rose over … Read more
The global cryptocurrency market peaked in November 2021 at $2.9 trillion. In the previous two months, it has lost $1 trillion in value. Bitcoin was down more than 10% on Monday to an 18-month low of $23,750. Ether, a smaller coin, plummeted almost 15% to $1,210. According to data portal CoinMarketCap, the value of the … Read more
The study will look into why fuel prices climb quickly but fall slowly. In March, Britain cut fuel duty by 5 pence per litre for a year as part of a 5 billion pound ($6.2 billion) package help motorists cope with cost-of-living squeeze. The government has ordered Britain’s competition watchdog to examine the retail fuel … Read more
The Bitcoin market has been in a severe bear market for the last two weeks. The flagship currency had been trading above $30k but has now fallen below that level. Bitcoin will gradually gain market domination, while others believe it will go below $20k. Bitcoin market has been in a severe bear market for the … Read more
Credit Suisse was already in the red in the first quarter due to a larger-than-expected loss last year. Russia’s invasion of Ukraine, monetary tightening by central banks and end. Covid-linked stimulus measures have caused “heightened market volatility”, the bank said. Credit Suisse, the scandal-plagued Swiss banking giant, warned on Wednesday that it expects to report … Read more
Hedge funds posted negative performance in May, accentuating their losses this year to almost 3%. The fund-weighted composite index went down 0.58% amid volatility in equities, bonds, and commodities. Still, 40% of the hedge funds compiled posted gains. Mutual funds posted negative execution in May, emphasizing their misfortunes this year to practically 3%, as financial … Read more
US stocks rallied late on Tuesday to close higher for a second straight day. Target Corp’s warning about excess inventory weighed on retail stocks for much of the session. Apple shares climbed despite news that the company must change the connector on iPhones sold in Europe by 2024. U.S. stocks mobilized late on Tuesday to … Read more
Amazon shares were up 3.1% to $126.17 in afternoon trading after the 20-for-1 split. The e-commerce giant’s shares have fallen 24% year-to-date, roughly comparable to the loss in the Nasdaq Composite. Amazon (AMZN.O) stock split might give comfort to investors who have seen the web-based business monster’s portions battered for this present year. Amazon shares … Read more
Small business owners are among the Americans most likely to fall behind on saving for retirement. The recent market gyrations could be a good time to consider socking away more money, experts say. Entrepreneurs are among the Americans probably going to fall behind on putting something aside for retirement in market. Putting once more into … Read more
Cardano (ADA) has received a lot of attention in the crypto community in recent weeks. The upcoming Vasil Hard Fork is the primary cause behind ADA’s rising popularity. Cardano’s price is now hovering around the midpoint of the $0.487-$0.614 range. Cardano (ADA) has received a lot of attention in the crypto community in recent weeks. … Read more
