Platform Financial News

Mexican regulators have ordered online retailers Amazon and Mercado Libre to reveal their algorithms, and wall off TV streaming to avoid stifling competition

Bitcoin's (BTCUSD) market capitalization swelled to more than $1 trillion for the first time since December 2021 as it traded firmly above the $51,000 level Wednesday, even briefly going past $52,000.

Wealth technology provider iCapital has just made alternatives diversification a little easier for advisors who use its platform.

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BENGALURU (Reuters) — India's central bank has asked Visa (NYSE:V) and Mastercard (NYSE:MA) to stop card-based business-to-business payments such as rents or money transfer to vendors routed through third party fintech firms, according to two sources familiar with the matter.

By Akash Sriram

Sun TV Network has reported a consolidated net profit of Rs 454 crore in Q3, up 6.8% from Rs 425 crore in the same quarter of the previous fiscal. The company's total income was up 7.5% at Rs 1059 crore while operating revenue increased 4% to Rs 923 crore. Expenses rose 7.8% to Rs 451 crore.

TikTok is taking measures to combat misinformation about the upcoming European Union elections, including setting up fact-checking hubs inside the app, the video-sharing platform said Wednesday in a blog post. TikTok plans to launch local language in-app «election centers» next month for each of the 27 EU countries so that «people can easily separate fact from fiction.»

Algotech (ALGT) has emerged as the most sought-after crypto asset in 2024. So, its presale tokens are selling out fast, and investors are pouring millions into it. Therefore, even the holders of Shiba Inu (SHIB) and SUI (SUI) are shedding their existing holdings to add Algotech (ALGT) to their portfolios.

Blue Eye Samurai, Netflix has a ninja-packed surprise in store – the debut of the all-new Japanese action series, House of Ninjas. Crafted, written, and directed by Dave Boyle, this gripping series unfolds the tale of the Tawara family, seemingly ordinary but wielding the lethal skills of ninjutsu. With a blend of action and family dynamics, House of Ninjas promises to be a captivating addition to Netflix's international streaming lineup.

London Fashion Week is set to kick off on Friday, marking its 40th anniversary this year. The event will showcase the autumn/winter lines of both new and established designers, while fashion enthusiasts join in the celebrations. The British Fashion Council (BFC) will open the London Stock Exchange on Thursday, and iconic landmarks like Covent Garden and the London Eye will be illuminated in green to honor the creative industry's contribution to the British economy. According to the BFC, UK womenswear and menswear sales reached a staggering £47.5 billion ($59.6 billion) last year, highlighting the significance of the fashion industry. The BFC, established in 1983, hosted its first London Fashion Week a year later. London Fashion Week is renowned as one of the premier fashion events worldwide, alongside New York, Milan, and Paris. It is particularly recognized for its platform for emerging talent and avant-garde trends, which have launched the careers of notable designers like Alexander McQueen and Stella McCartney.

National Company Law Appellate Tribunal on Wednesday stayed the NCLT Mumbai bench order to initiate a corporate Insolvency Resolution Process (CIRP) against Sporta Technologies, which operates the fantasy sports platform Dream 11. However, it has also directed the Interim Resolution Professional (IRP), appointed by the National Company Law Tribunal (NCLT) after suspending the board of Dream 11, not to take any further steps till the next date of hearing, scheduled for February 23. A three-member bench of the appellate tribunal also issued notice to the IRP of Sporta Technologies and Resolution Professional of Reward Business Solution, directing them to file a reply within a week. «List this Appeal on 23.02.2024,» the National Company Law Appellate Tribunal (NCLAT) order said, adding that «In the meantime, the order impugned shall remain stayed. No steps, till the next date shall be taken by the IRP in the CIRP».

Other categories, which are growing and can be tapped, include construction, industrial, consumer durable and beverages as well as BFSI, he said. “Aditya Birla Group bidding ₹500 crore every year on IPL, you wouldn't have ever expected an Indian company bidding that way and another Indian company (Tata) countering it. Earlier this was the Chinese or startup domain.

Palantir (NYSE:PLTR) was cut to Hold from Buy at HSBC on Wednesday, with analysts maintaining a $22 per share price target on the stock, saying its valuation is full.

The Path to Prosperity: O2T’s Blueprint for Financial Freedom

LONDON (Reuters) — The total amount of money invested in bitcoin surpassed $1 trillion on Wednesday for the first time since November 2021 as inflows to U.S. spot bitcoin exchange traded funds continued to support prices.

VTEX (NYSE: VTEX), the composable and complete commerce platform for premier B2C and B2B brands, has been recognized as the only vendor in the 2024 Gartner® Voice of the Customer for Digital Commerce to be named in the Customers Choice Quadrant. The recognized vendors meet or exceed the market average Overall Experience and User Interest and Adoption.

An instant personal loan is a form of unsecured loan designed for diverse personal expenditures, be it to pay off your hospital expenses, meet your vacation expenses, consolidate debt, or buy some fancy gadgets and equipment. 

(Reuters) — Shares of U.S.-listed cryptocurrency companies gained between 7% and 13% before the bell on Wednesday, powered by bitcoin crossing the $1 trillion market value for the first time in more than two years amid improving investor sentiment.

Indiamart Intermesh, an online B2B marketplace, with a 'buy' tag, setting a target price of ₹3,400 apiece, which implies a 26% upside from the stock's current trading price. Additionally, in a bull case scenario, the brokerage sets an even higher target price of ₹3,820 for the stock. The brokerage's bullish outlook stems from the company's strong position in the online B2B classified segment, potential revenue growth driven by the rise in digital penetration among SMEs, and reasonable valuations.