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FHN Financial chief economist Chris Low and MacroPolicy Perspectives senior advisor Constance Hunter discuss whether inflation or the economy will slow down first on 'Making Money.'

Markets have been hitting new highs almost every week and the total wealth in equity assets has also risen to all-time highs. Not surprisingly, promoters are set for record stock dilution. As per media reports, promoters of over 200 companies have cumulatively sold stock worth around $4 billion in the last two months alone, taking advantage of richer valuations and cashing-in on the equity they hold.

Invesco has reduced the fair value of fintech company Pine Labs and food delivery firm Swiggy in its books, according to its half-yearly shareholder report filed with the US Securities and Exchange Commission (SEC). As of April 30, Invesco valued Pine Labs at $3.5 billion, compared to $3.8 billion as of January 31, and $4.8 billion as of December 31, 2023.

Tony Knight has died at the age of 54 in a tragic accident while participating in the Rock’&’Cars Festival in Lavaur, France. Quoting an unnamed family member, 'Fox News' has reported that a large tree branch fell on Knight and several other people attending the festival. Knight was the only person to die. Confirming the death, the family member said that the comedian was fit, healthy, happy and had everything going for him. He also said that Tony Knight was charismatic, funny, passionate and very loved by his partner Hayley, his family and his friends all over the world.

Go through our article to find the list of the best biscuits in India which will be the perfect partner of your tea. Get your good company, your favourite tea and the best biscuit together to have an evening of a lifetime. Once you make a decision on the biscuit, you can place your order using the buying link shared in the article below.

Longtime investor Bill Gross believes Elon Musk's Tesla is behaving like a speculative play among retail investors.

Guaranteed income sources like Social Security, pension assets, and annuities give people a “license” to spend more in retirement, new research found.

Check out the companies making headlines after the bell: 

Meta is seeking to revolutionize metaverse gaming by incorporating generative artificial intelligence (AI) technology.

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content

Indian Medical Association (IMA) president R V Asokan told the Supreme Court on Tuesday his unconditional apology to the apex court over his «damaging» statements in an interview to PTI, where he had answered queries about Patanjali Ayurved Ltd's misleading advertisements case, has been published in various publications. The IMA's counsel told a bench of Justices Hima Kohli and Sandeep Mehta that his unconditional apology has been published in the association's monthly publication, on the IMA's website, as also by PTI. «Last time, I (Asokan) had submitted an affidavit of apology. Your lordships were of the opinion that the apology should be given proper publicity like the interview...,» senior advocate P S Patwalia, appearing for the IMA, told the bench. He said the IMA has a monthly publication, and on its first page, a full page advertisement says that Asokan has apologised, expressed regret to the apex court and has submitted his affidavit tendering unconditional apology.

Goldman Sachs is in advanced stages of talks to double down on enterprise software-as-a-service (SaaS) company MoEngage with a $35-50-million investment through a secondary transaction. The development comes amid increased deal activity in late-stage SaaS startups, with companies such as Whatfix, Innovaccer, Icertis, Atlan and Rocketlane having raised funds or are in the process of finalising rounds.

Apple's plans, revealing that the company has begun integrating Apple Intelligence into the Vision Pro. While the exact release timeline remains uncertain, it is unlikely these features will be available this year.

Prateek Group, following accusations from 20 homebuyers of Prateek Edifice in Sector 107, Noida, ToI reported on July 1. According to the report (by Aditya Dev), the complaint alleges that the developers, including Prashant and Prateek Tiwari and senior managers Sunil Kumar Mittal and Anshuman Sharma, did a fraud involving over Rs 190 crore. As per the complainants, the 423 flats sold in Prateek Edifice were 10-12% smaller than what they had been charged for. They claimed construction was also done beyond the sanctioned plan without their consent. Rajeev Goyal, one of the complainants, told ToI, «The flats delivered to us were significantly smaller in size than what was promised to us. An architect was appointed to carry out a survey after we approached the National Consumer Disputes Redressal Commission (NCDRC) against the developer. They did not just give us smaller flats, but also carried out construction beyond the sanctioned plan without taking any consent from us.»

Tamil Nadu government seeking a detailed report in the Foxconn case, taking suo motu cognizance of discrimination by the company which reportedly excluded married women from job at its assembly plant in Sriperumbudur, Tamil Nadu. “The Commission has observed that the contents of the media reports, if true, raise a serious issue of discrimination against married women causing the violation of the right to equality and equal opportunity,” NHRC said in a statement issued on Monday. “Therefore, the Commission has issued notices to the secretary, union ministry of labour and employment and the chief secretary, government of Tamil Nadu calling for a detailed report in the matter within one week,” NHRC said in a statement issued on Monday.

Maruti Suzuki India on Monday reported a 12 per cent increase in total wholesales to 1,79,228 units in June. The company had dispatched 1,59,418 units to its dealers in the same month last year, Maruti Suzuki India (MSI) said in a statement. The total domestic passenger vehicle sales were 1,37,160 units last month compared to 1,33,027 units in the year-ago month, a growth of 3 per cent, it added. Sales of mini-segment cars, comprising Alto and S-Presso, declined to 9,395 units from 14,054 units in June 2023.

AS PER Section 139 of the Income Tax Act, 1961 (ITA), individuals are mandatorily required to file an income tax return if they hold, as a beneficial owner or otherwise, any asset (including any financial interest in any entity) located outside India. It also includes those having signing authority in any account located outside India, or are beneficiaries of any asset (including any financial interest in any entity) located outside India.

Canada’s second largest airline, WestJet, has cancelled 829 flights from Thursday, June 27 to Monday, July 1, which is also considered to be the busiest travel weekend of the season. The reason for this is a strike by 680 workers who are engaged in the daily inspections and repair tasks for the airline. However, as per the recent development, the union representing WestJet Airlines’ striking mechanics has negotiated a contract with the carrier, ending their strike immediately on Monday, July 1. 

Investment preferences of women living in top 30 cities of India have changed over the past few years, with more and more women investors embracing new investment ways like mutual funds, stocks and even startups, according to a report.

Singapore has raised the risk level for digital payment token (DPT) service providers potentially facilitating terrorism financing (TF) from “medium-low” to “medium-high” in its latest update to the terrorism financing national risk assessment.

Besides cryptocurrencies, drug traffickers have reportedly opted to launder money through Citigroup, viewing the bank as accommodating due to perceived weaker fraud prevention measures.