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yellow metal which is now trading in an oversold zone. The DXY was trading at 103.19, albeit with a negative bias. The MCX October gold futures were trading with losses at Rs 58,812 per 10 grams on the MCX in the opening trade, down Rs 162 or 0.27%.

“We turned positive on the Indian market in March 2023, which was at the cusp of the recent rally,” says Kunal Vora, Head — India Equity Research, BNP Paribas India. In an interview with ETMarkets, Vora said: “For local investors in the high tax bracket, equities are likely to continue providing best after-tax returns in the medium term” Edited excerpts:US downgrade led to some volatility in markets across the globe. Where do you see the markets?The US downgrade has not had any meaningful impact on bond yields in India and despite the initial nervousness, we do not expect it to have any long-term impact on Indian equities.

Intel Corp will walk away from its $5.4 billion deal to acquire Israeli contract chipmaker Tower Semiconductor Ltd once the companies' contract expires later on Tuesday, according to people familiar with the matter. Intel, which signed the deal to buy Tower in February 2022, did not secure approval from Chinese regulators for the acquisition as required under its contract with the Israeli firm, the sources said.

Prosecutors intend to use personal notes and diary entries from former Alameda Research CEO Caroline Ellison as evidence against FTX co-founder Sam Bankman-Fried at his criminal trial.

Check all the LIVE updates on Chandrayaan 3 mission here. Chandrayaan 3 Live: With the launch of Chandrayaan-3, the Indian Space Research Organisation (ISRO) is embarking to achieve a successful soft landing on the Moon.

Joe Biden on Tuesday finally broke his silence on the deadly Hawaii wildfires that killed over 80 people in Maui, the most-affected island whose name was missing in his speech yesterday, according to a report published by The New York Post. His address came after facing harsh criticism for spending Sunday on the beach and refusing to comment on the situation of the Hawaii blaze when media persons asked about it.

US soldier crossing into North Korea, Pyongyang said on Wednesday claimed that the soldier has admitted «illegally intruding» due to "inhuman maltreatment and racial discrimination within the US Army", Yonhap news agency reported citing country's state media KCNA on Wednesday. North Korea has further claimed that the soldier, Travis King has expressed a willingness to seek refuge there or in a third country.

«Market is witnessing consolidation at higher levels in the absence of any positive trigger. We expect this trend to continue in the near term as a series of macro data around the world and FOMC meeting minutes will be released during the week which could keep markets subdued,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a broader trading range in between 19000 to 19800 zones while an immediate trading range in between 19200 to 19600 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a negative startGIFT Nifty on the NSE IX traded 88.5 points, or 0.45 per cent, lower at 19,385.50, signaling that Dalal Street was headed for negative start on Wednesday.

Trump in the Georgia case, including his lawyers Rudy Giuliani, John Eastman, Sidney Powell, Jenna Ellis, and Kenneth Chesebro, former White House chief of staff Mark Meadows, ex-Justice Department official Jeffrey Clark and the former president’s 2020 Election Day director of operations Michael Roman. Trump has pleaded not guilty to the New York and federal charges, and has accused his Democratic political opponents of bringing them to derail his bid to recapture the White House.

Indian stock market is likely to open lower on Wednesday tracking weak global cues amid overnight selloff in the US equities. Concerns that interest rates may remain higher for a longer time dampened investors' sentiment. On the domestic front, Indian markets were shut on Tuesday on account of the Independence day holiday.

Indian Embassy beefed up. A large number of police personnel were deployed outside the premises of the Indian embassy, a video posted by news agency ANI showed. This came after Pro-Khalistan groups had planned to stage protests outside the Indian Embassy in Washington DC amid a scheduled Independence Day celebration.

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Rep. Roger Williams, R-Texas, discusses the U.S. economy, COVID fraud and the border crisis on ‘Mornings with Maria.’

International Assets Advisory CEO Ed Cofrancesco discusses the FOMC's stress test for big banks and his stock picks to short.

Trump on Tuesday claimed that he will produce an «irrefutable» report that «should» lead to all charges against him getting dropped, New York Post reported. This comes after the former President was indicted by the Georgia grand jury in connection with the efforts to overturn the 2020 election results in the Peach State. «A Large, Complex, Detailed but Irrefutable REPORT on the Presidential Election Fraud which took place in Georgia is almost complete & will be presented by me at a major News Conference at 11:00 A.M.

An Argentinian politician has claimed the country will soon become a ‘Bitcoin haven,’ with the nation edging closer to electing a BTC-keen head of state.

Cloud-based loyalty service provider Capillary Technologies has elevated two of its senior leaders — chief operating officer Anant Choubey and chief customer officer for the US business Sridhar Bollam — as cofounders of the firm. The move comes as the software player has been focused on growth, especially in the US market, and is looking to clock profit after taxes in FY25, founder and managing director Aneesh Reddy told ET. “I think fundamentally the trajectory of the business has changed significantly.

Federal Reserve officials close in on the end of their tightening campaign, the debate is shifting from how high interest rates need to go to how long they should stay elevated. Inflation pressures are easing, which could give policymakers room to keep interest rates at or near current levels for the time being. Still, price gains remain well above the central bank's 2% target, making policymakers hesitant to declare victory. Introducing the discussion over how long officials may keep rates steady even if inflation continues to decelerate could help them push back on expectations for rate cuts and allow them to keep putting downward pressure on the economy. «This is the policy dimension that they will likely focus on the most going forward: Not how much higher to take the federal funds rate, but how long to keep it at these levels,» said Brian Sack, a former senior Fed official who earlier this year left D.E. Shaw & Co. after about a decade as head of the investment firm's global economics group. «There's still a lot of scope to tighten financial conditions in that way, if they wanted to.» Fed officials unanimously raised their benchmark rate last month to a target range of 5.25% to 5.5%, the highest level in 22 years. Minutes from that gathering — set for release on Wednesday afternoon — could provide more insight into whether most policymakers believe those increases have already worked their way through the economy or if they still expect to see more effects.

Google and Meta have enjoyed a duopoly in the digital advertising space in India, with almost a 90% share in what is pegged to be a Rs 70,000-crore market at present. Over the last couple of years though, Amazon Ads seems to be rapidly eating into their share of the digital pie, senior media buying executives told ET. Advertisers, especially in categories such as consumer packaged goods as well as DTC (direct-to-consumer) brands, are moving as much as 15-20% of their advertising budget — previously dedicated to Google and Meta — towards the Seattle-based ecommerce giant’s ad tech suite.

A new financial statement has revealed former United States President Donald Trump owns over $2.8 million in an Ethereum wallet.

Altcoins have been selling off on Tuesday, with the likes of XRP, Dogecoin (DOGE), Cardano (ADA), Solana (SOL), Polkadot (DOT) and Polygon (MATIC) falling between 4-7% over the course of the last 24 hours.