Trade Financial News

Amidst a tumultuous market, Bitcoin (BTC) has shown both resilience and volatility, recently failing to breach the coveted $70,000 mark.

The average rate on a 30-year mortgage fell this week to its lowest level since early February, easing borrowing costs for prospective homebuyers facing record-high home prices

DoorDash set quarterly records for total orders and revenue despite slowing U.S. restaurant traffic

Toyota says its April-June profit rose 1.7%, boosted by a favorable exchange rate, as vehicle sales grew around the world despite a certification scandal that halted production in Japan for several months

The healthcare tech company R1 RCM will be acquired for $9 billion and taken private by investment funds

Stocks that traded heavily or had substantial price changes on Thursday: Meta Platforms, Shake Shack rise; Moderna, Goodyear fall

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

India has offered Vietnam a $300 million loan to build up the Southeast Asian country's maritime security, as the two sides say they want to double their trade and investment within five years

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

The recent partnership of Franklin Templeton with SBI Holdings to create a joint venture in Japan is a big deal, and it has given the digital currency industry in that part of the world a boost. This venture will focus on ETFs and other digital assets.

Securities class action filings increased in the first half of 2024 as artificial intelligence related lawsuits became a trend.

Polymarket CEO Shayne Coplan has hinted at the potential introduction of commission fees to boost the company’s revenue.

Federal Reserve on Wednesday hinting at the likelihood of interest rate cut in September. At 7:45 pm, the October MCX gold futures were trading at Rs 70,350, up by Rs 695 or 1%. It hit the day’s high of Rs 70,489.

Supreme Court has sought response from the government, the Directorate General of Foreign Trade (DGFT), National Cooperative Exports Ltd and others on a plea challenging validity of two notifications prohibiting the export of non-basmati white rice since July 20. The petitioner, Rika Global Impex Ltd, has also challenged the DGFT's notification of September last year allowing export of 75,000 MT of non-basmati white rice to the United Arab Emirates only through the National Co-operative Exports Ltd. A Bench led by Justice B.V. Nagarathna also issued notice to the customs department on Rika’s petition alleging that the notifications were «ultra vires» to the Foreign Trade Policy, 2023 and liable to be set aside on account of «doctrine of legitimate expectation.”

In its half-year results published today (1 August), the £6bn trust posted a net asset value total return of 13.2%, against the FTSE All-World index's 12% gain.  US large-cap companies within F&C's North American portfolio returned 25.7%, compared to the 21.9% recorded by the Russell 1000 growth index, with top performers such as Eli Lilly and Meta contributing the most to the vehicle's returns. «While the fundamental backdrop is constructive and the US recession has been avoided, global equity markets, dominated by the US, continue to trade at historically elevated valuation levels,»...

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.

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.

Read this | Modi vibes well with Trump. But India may not be ready for a second Trump term With the death of Haniyeh, a crucial negotiator for a ceasefire, any de-escalation seems unlikely. Geopolitical analysts warn that the situation could escalate into a global conflict if allies on both sides become involved.

Finra slapped Pershing with a $1.4 million fine for distributing over one million account statements and trade confirmations containing inaccurate interest rate information on variable rate securities.

In a statement published on X, formerly Twitter, on Wednesday (31 July), the chief executive of Pershing Square said the firm had withdrawn the initial public offering — just days before it was due to begin trading on the New York Stock Exchange.  Ackman had already scaled back the IPO plans, dropping the fund's fundraising target from $25bn to $2bn after a crucial investor pulled its backing. Pershing Square Holdings manager slashes performance fee as Ackman eyes US launch «Over the last seven weeks, we have met with many institutions and family offices, and held numerous town...

Ola Electric, the biggest of this year, will open for subscription on Friday. Ahead of the listing, the company's shares are trading with a premium of Rs 15 in the unlisted market. Considering the upper price band, the stock is boasting a premium of 20% to the issue price. The IPO is priced in the range of Rs 72-76 per share.