Track Financial News

Cars, trucks and SUVs in the U.S. keep getting older

LPL has scored a massive win in North Carolina as it onboards a superteam of more than 100 advisors formerly from Lincoln Financial.

The dollar may remain stronger for longer if the Federal Reserve keeps interest rates steady, while other nations opt for a reduction in borrowing costs, according to Goldman Sachs Group Inc.

assassinations both in his country and beyond. As reported by ANI, Pakistan's permanent representative at the world body also quoted from a report in a leading US daily to say the “new India comes into your home and kills you".

SuperKalam, an AI-led personal mentor for students preparing for competitive exams, has concluded a seed funding round raising Rs 16.3 crore or $2 million. The funding round was led by YCombinator and Fundersclub with participation from notable investors, including YC Partner Puneet Kumar, GoodWater Capital, Nurture Ventures, SuperCapital, Pareto Ventures, among others. The company says that the secured funding will be utilised to boost SuperKalam's AI-led educational platform, expand its reach, enhance user experience, and foster continuous innovation in personalised learning services. Unlike traditional edtech platforms that rely on one-size-fits-all content delivery, SuperKalam places students at the center of a customised learning experience. By utilising AI-driven analytics, the platform adapts to each student's unique needs, offering tailored learning paths, instant doubt resolution, and progress tracking.

China is the runaway leader in supplying the world with the hardware to gather solar power

Traders in India's stock markets are turning to illegal election betting platforms for clues to combat the uncertainty facing citizens and markets alike regarding the outcome of a long general election. Weeks before vote counting set for June 4, stock markets are closely tracking shadow-betting platforms that are flourishing nationwide, with wagers now suggesting the ruling Bharatiya Janata Party (BJP) will win a slimmer majority than expected.

United States is on track to establish a domestic rare earths supply chain to meet its defence needs by 2027, a senior defence official said on Wednesday. The U.S has been driving the build out of a global supply chain for rare earths, metals used in magnets for green energy industries and defence, beyond dominant producer China since COVID upended global supply chains early this decade. «We are on track to meet our goal of a sustainable mine to magnet supply chain capable of supporting U.S. defence requirements by 2027,» Assistant Secretary of Defense for Industrial Base Policy Laura Taylor-Kale said at a mining conference in Perth.

Gold prices were steady on Wednesday and hovered above key $2,400 level touched earlier this week, supported by safe-haven buying and the prospect of interest rate cuts from the U.S. Federal Reserve later this year. FUNDAMENTALS

Oil prices fell for a third straight session on Wednesday on expectations the Federal Reserve could keep U.S. interest rates higher for longer due to sustained inflation, potentially impacting fuel use in the world's largest oil consumer. Brent crude futures were down 43 cents, or 0.5%, to $82.45 a barrel. U.S. West Texas Intermediate crude (WTI) futures slipped 50 cents, or 0.6%, to $78.16. Oil prices settled about 1% lower on Tuesday.

Railroad operators like to say that trains are greener than trucks when it comes to moving goods, pointing out that one railcar can haul three to four times as much as a truck, and one freight train can remove hundreds of trucks from the highways. Although the freight-rail industry is responsible for less than 2% of transportation-related greenhouse-gas emissions in the U.S., rail carriers—like the rest of the transportation industry—are under pressure to reduce those emissions, much of which are produced by diesel-electric locomotives.

Orion is redoubling its commitment to provide technology solutions for advisors as it adds a veteran fintech leader to its executive team.

NBA playoffs 2024 are here and Boston Celtics are taking on Indiana Pacers in Eastern Conference finals and Minnesota Timberwolves will play Dallas Mavericks in the Western Conference finals.

Team Copilot will function as a meeting assistant, capable of taking notes, summarizing key points, and tracking deadlines. This AI tool is set to be available to corporate customers later this year, as revealed on the first day of Build, Microsoft’s annual developer conference. Microsoft has positioned itself as a leader in the field of generative artificial intelligence, known for generating and summarizing text and images.

Eris Lifesciences on Tuesday reported 29.5% jump in net profit to Rs 80 crore in Q4FY24 led by growth in sales of the domestic formulation business. The Ahmedabad-based drug maker reported net profit of Rs 61.5 crore during the corresponding quarter of the previous year.

At least one passenger is dead and dozens more are injured after a Singapore Airlines flight from London to Singapore encountered “severe turbulence” and dropped thousands of feet in the air.

cryptocurrency, Ethereum, surged 22% to $3,772 in the last 24 hours by 7:30 pm IST on Tuesday. This upward movement propelled Ethereum's market cap to $453.2 billion. The surge in the cryptocurrency comes amid speculation about the outcome of applications for US spot exchange-traded funds (ETFs) tracking the world's second-biggest cryptocurrency.

Uber became the first aggregator to be licensed by the Transport Department of Delhi to run Uber shuttle in the capital city. It will be a part of the Delhi Premium Bus programme. With the 'Uber shuttle' option on the Uber app, passengers in Delhi will be able to reserve seats in advance on the route of their choice.

Recognising the need for quick and steadfast claims support, Policybazaar has launched its Claim Assurance Program to fast-track motor insurance claims. With a strong presence across 1000+ PIN codes, Policybazaar is targeting metro cities as well as tier 2 & 3 regions.

Kotak Mahindra AMC will launch its new fund offer (NFO) – Kotak Nifty 100 Low Volatility 30 Index Fund – on May 22. The offer will remain open till May 3, 2024.

PeepalCo’s latest offering Lemonn has launched Mutual Fund investment service on the app to help new investors diversify their investments. This marks a significant step towards the company’s goal of evolving into a comprehensive wealth-tech player.