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Amazon has reported a boost in its quarterly profits, but the company missed revenue estimates, sending stocks lower in after-hours trading

An Alabama woman has pleaded guilty to federal wire fraud and money laundering charges for fraudulently claiming nearly $2 million in pandemic relief funds

U.S. stocks tumbled after weak data raised worries the Federal Reserve may have missed its window to cut interest rates before undercutting the economy’s growth

The Parliamentary Budget Officer (PBO) is projecting a $17.4 billion boost in income tax revenues from 2024-’25 to 2028-’29, thanks to the federal government’s latest effort to bolster the nation’s coffers. The policy change, which was introduced in Budget 2024 and came into effect on June 25, increases the capital gains inclusion rate for corporations and trusts from one-half to two-thirds and applies the same rate for individuals on yearly gains exceeding $250,000.

Google Lens is now integrated into the Chrome desktop browser, offering users the capability to search for visual content directly from their screen with a simple drag-and-drop motion. Chrome users can highlight any part of a webpage, whether it is text or images, to find visually similar results.Reportedly, these searches can be fine-tuned based on color, brand, and various other specifics, with the option to ask follow-up questions for a more in-depth exploration of a topic.

Raymond James has officially begun its August recruitment run by bolstering its employee advisor network in New York.

Merrill Lynch strengthened its presence in key wealth markets this week as it recruits a triplet of accomplished advisors from Morgan Stanley.

NEIRO, a meme coin launched on the Solana blockchain, is under scrutiny following allegations of insider trading and market manipulation.

Stablecoins are a fast-growing but still largely unregulated sector with a market capitalisation of around $162 billion. Last year, the BIS Innovation Hub in London and the BofE embarked on Project Pyxtrial to explore how technology can help regulators monitor asset-backed stablecoins' balance sheets, providing insight into whether the backing assets exceed their liabilities at all times. The partners now say they have developed a prototype data analytics pipeline which includes data collection, storage and analysis.

Infosys acknowledged the receipt of a notice for alleged evasion of over Rs 32,000 crore ($3.8 billion) in integrated goods and services tax (IGST), the IT major said it has received a communication from Karnataka State authorities, withdrawing the pre-show cause notice. In a late exchange filing on Thursday, the Bengaluru-based IT firm said, “The Company has received a communication from Karnataka State authorities, withdrawing the pre-show cause notice and has directed the Company to submit further response to DGGI central authority on this matter.” The development comes after a hue and cry raised by industry leaders and association post the media reports of a GST demand on Infosys. Earlier in the day, industry body, nasscom said that the recent episode reflects GST enforcement mechanism’s lack of understanding of IT industry operating model. It added that it is not a case of ‘import of service’ by the head office from the branch, as made out to be.

Moscow released Wall Street Journal reporter Evan Gershkovich and Paul Whelan in a multinational deal, according to officials in Turkey, where the exchange took place. The Journal confirmed that Gershkovich had been freed. It's the latest exchange between Washington and Moscow in the past two years, following a December 2022 trade that brought WNBA star Brittney Griner back to the US in exchange for notorious arms trafficker Viktor Bout.

Tensor G4 chipset in the Pixel 9 series will be configured with eight cores in a 4+3+1 setup. This configuration comprises four Cortex-A520 efficiency cores, three Cortex-A720 mid cores, and one Cortex-X4 primary core.

It appears advisors are failing their clients in the most crucial way possible – giving them advice.

US Presidential Election 2024 is coming near, old skeletons are tumbling out of the cupboard. After former US President Barack Obama persuaded Joe Biden to step aside, the incumbent president has come out attacking the first black president in a different and unexpected way. Taking a dig in an unexpected way, the president recalled an incident that took place in 2012 and said how he forced Obama to change his stance on same-sex marriage. When being asked by reporters about his “legacy for LGBTQ Americans”, Biden said that he was the first person to come out for gay marriage and he is proud of it, reports 'The Telegraph'. He also asked the people present there if they remember that little problem with the Obama administration.

unemployment benefits increased to an 11-month high last week, suggesting some softening in the labor market, though claims tend to be volatile around this time of the year. Initial claims for state unemployment benefits increased 14,000 to a seasonally adjusted 249,000 for the week ended July 27, the highest level since August last year, the Labor Department said on Thursday. Economists polled by Reuters had forecast 236,000 claims for the latest week. Claims have been on an upward trend since June, with part of the rise blamed on volatility related to temporary motor vehicle plant shutdowns for retooling and disruptions caused by Hurricane Beryl in Texas.

GST collection increased 10.3 per cent to Rs 1,82,075 crore in July on an annual basis, reported ET Bureau on Thursday. The collection net of refunds stood at Rs 1,65,793 crore, up 14.4 per cent on a yearly basis. The gross Goods and Services Tax (GST) collection so far this fiscal (April-July) stood at Rs 6.56 lakh crore, up 11 per cent on an annual basis.

Retail investors who were looking forward to investing in Bill Ackman’s proposed US closed-end fund have been disappointed as the founder and CEO of Pershing Square withdraws from his planned IPO.

The 2024 figure is not unusual, with the previous decade reflecting an identical picture. Over the last ten years, just 35% of active equity funds recorded better results than their passive counterpart.  Adding to this active management woe, the 35% figure marked a drop from 2023's active outperformance reading of 36%. AJ Bell's Manager versus Machine report found that the weak active performance was partly driven by the dominance of global and US focused funds and their concentration on a small number of technology stocks.  Less than 40% of active equity managers beat average p...

Reasons to BuyReasons to AvoidWhat are buyers saying about this product on Amazon?Buyers appreciate the appearance and features, but report connectivity issues and find the product's value low. Opinions vary on voice recognition, sound quality, and ease of use.Why choose this product?Choose this product for its stylish design and versatile features, despite some concerns about connectivity and value for money.The Amazon Smart Plug adds voice control to your appliances using Alexa.

opens on Fridayat a scaled-down valuation. The initial public offering (IPO) pricing values India’s largest electric scooter maker at $4 billion, about 25% discount to the valuation based on the last private funding round in September. In fact, the valuation is also sharply lower from as much as $7 billion that news reports had said the company’s founder was initially aiming at, but had received investor pushback.

Orlando-area realtor and TikTok creator Freddie Smith on Floridas pricey market and best advice for achieving homeownership.