Show Financial News

Grayscale Investments intends to launch a clone of the world’s biggest bitcoin fund as it loses billions to lower-cost rivals.

Investing.com-- Oil prices rose in Asian trade on Wednesday, buoyed by industry data showing an unexpected draw in U.S. inventories, while the OPEC also stuck to its forecast of strong demand growth in the coming years.

Boeing for more than three decades before blowing the whistle on the aircraft maker’s allegedly questionable safety standards, was found dead in his car in South Carolina.Barnett, 62, was supposed to be in a deposition Saturday to answer questions related to a lawsuit against his former employer when he failed to show up to the meeting. His legal team tried to reach him by phone to no avail, until they contacted the hotel where Barnett was staying.He was found dead in his truck in the hotel parking lot.The Charleston County Coroner’s Office told local media that it appears Barnett died from a self-inflicted wound.

Bitcoin has hit another ATH above the $72K mark, but Ethereum has also flexed its muscles by showing strong price resilience in the last few days, maintaining its bullish momentum above the elusive $4K level. As of the time of writing, $ETH was hovering just above the $4,000 level as the market awaits its next move.

LONDON (Reuters) — Britain will on Wednesday sign a memorandum of understanding on trade with Texas, the biggest U.S. state so far to agree to such a pact aimed at boosting investment.

In this article

Digital lenders focused on unsecured small business loans are hogging the limelight as recent regulatory actions and changes in the macroeconomic conditions have made unsecured consumer loans – the mainstay of lending fintechs so far – less attractive, industry officials said. Players like Indifi, Lendingkart, Aye Finance, Kinara Capital are expected to benefit from the growing influence of digital lenders in MSME (micro, small and medium enterprises) loans, typically dominated by banks and traditional NBFCs, they said.

₹4 lakh, while those with a decade’s experience get ₹30 lakh, Teamlease data showed. Globally, prompt engineers were in demand through last year —a job posting by US firm Anthropic in May last year offered $335,000 ( ₹2.8 crore) per year. Generative AI may create new business cases, translating into deals valued at above $1 million, which has not happened so far for most domestic IT services firms.

Investing.com — U.S. crude stockpiles unexpectedly fell, the API reported Tuesday, signalling an ongoing recovery in crude demand.  

By Chuck Mikolajczak

Netflix series is an adaptation of Guerilla Games’ Horizon Zero Dawn franchise, as per a Dexerto report. Fans are eagerly anticipating this live-action series, which promises to delve deeper into the rich world of Horizon Zero Dawn.

By Nicole Jao

'The Big Money Show' co-host Brian Brenberg shows how inflation under President Biden has made life much more unaffordable for Americans on 'Varney & Co.'

Electric car sales in India fell to their lowest level in five months in February even as companies took steep price cuts, indicating it would take more than just a lower acquisition cost to nudge buyers to shift to EVs in India where automakers are committing billions of dollars for the switch to electric mobility. Cumulative sales in February dropped to 7,277 vehicles, the lowest since October, showed data from the government's Vahan portal. So far, this month, EV registrations have fallen to 204 units per day on average, the lowest in 11 months, signalling that the softening of sales is set to continue. Sales are set to slow further with less than 20 days left before the end of incentives under the government's Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) scheme. These incentives are applicable to cars used in the commercial fleet, which comprise a significant portion of EV sales, and with the impending general election, automakers are unsure if the scheme would be extended. Anticipating slowing sales, Tata Motors has cut production in April and May, following a similar move in March, said people aware of the company's plans. Sales of Tata's EV registrations fell 13% sequentially in March. This month Tata Motors plans to produce 2,200 to 2,500 EVs against a peak of 4,500 units about 4-5 months ago. The company is likely to maintain similar production levels for the next two months, said the person cited above.

«Overall robust GDP growth of the country in the third quarter of FY24 has helped the auto sector...The industry expects the growth momentum to continue,» said Vinod Aggarwal, president of Siam. As per data available with the society, 370,786 cars, sedans and utility vehicles were sold in the country last month, an increase of 10.8% over 334,790 units sold in February 2023.

Tejas fighter crashed on Tuesday, the first such incident reported from this fleet in over seven years of its operation. The jet was heading back after a firepower display at the Pokhran ranges that was witnessed by Prime Minister Narendra Modi, when it crashed. The pilot managed to eject to safety and the plane crashed into civilian structures on the ground, but no injuries have been reported. It is learnt that prior to the crash, the pilot indicated an engine failure in a distress message. Videos shot by bystanders showed the pilot ejecting from the fighter jet, which is seen veering towards the ground at slow speed.

United Arab Emirates — China, Iran and Russia have begun a joint naval drill in the Gulf of Oman, a crucial waterway near the mouth of the Persian Gulf, officials said Tuesday. Footage aired by Chinese state television and a video released by the Russian navy showed the ongoing drill, known as «Marine Security Belt 2024.» China sent the guided-missile destroyer Urumqi and the guided-missile frigate Linyi to the exercise. Russia's forces are being led by the Varyag, a Slava-class cruiser.

The European Union’s executive arm says it will recommend that member countries open accession negotiations with Bosnia-Herzegovina

A former Jacksonville Jaguars financial manager who pled guilty to stealing more than $22 million from the NFL franchise through its virtual credit card program was sentenced to 78 months in prison

Labor strife remains an issue in Hollywood after two major strikes were resolved, and the Academy Awards didn’t sidestep that

companies are likely to provide better salary hikes this year than those headquartered abroad to their India-based employees, continuing a trend that started two years ago, according to a survey. Professional services firm Aon, which surveyed more than 1,400 organisations in 45 sectors, estimates India-based companies to pay a 9.6% increment on average and foreign-headquartered firms to pay 9.3%. Compared with 2023, the hikes will be smaller for both groups.