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As Bitcoin tumbles following the SEC’s approval of ether ETFs, market analysts are closely monitoring the next key levels. Bitcoin’s price prediction indicates a potential bullish trend, with BTC/USD currently trading at $69,042.

Ethereum's native token, ETH.It is vital to note that they are yet not cleared to trade but a step has been taken in that direction.Interestingly, SEC’s green signal appeared unlikely only a few days ago. One ETF analyst James Seyffart at Bloomberg Intelligence said, “A week ago, I would've said you were a little crazy to think that these ETFs were going to get SEC approval."There are speculations that ETF approval could lead to 60 percent rally as ETH buying increases.

Buy or sell stocks: Despite finishing the week flat, the domestic benchmark indices, the Nifty 50 and the Sensex, had their best week since the beginning of February thanks to increases in metal and financial sectors.During the session, the Sensex reached a new all-time high of 75,636.50, but it was unable to maintain its gains and ended the day 8 points lower at 75,410.39. The Nifty 50 reached a new all-time high of 23,026.40 during the session, but finished the day 11 points down at 22,957.10.According to Prashanth Tapse, Research Analyst, Senior Vice President of Research at Mehta Equities, the Nifty 50's 23,000 milestone is something to celebrate, and the positive takeaway was that the benchmark ended a choppy session just a tad below the dotted lines, most importantly, shrugging off extremely weak overnight Wall Street cues.Buyers are seen confident amidst investors hoping or expecting continuation of the current regime in the general elections, and oil prices tumble towards $76 a barrel, said Tapse.

WTO at Abu Dhabi renewed the commitment to have a full and well-functioning dispute settlement mechanism (DSM) by 2024, it is yet to be seen if this happens as proposed. A rules-based multilateral trading system like the WTO can work effectively only when there is a robust mechanism in place to resolve disputes that arise among member nations. The DSM has been a key pillar of WTO as it provides a legal framework for resolving trade disputes that arise between member nations of the WTO, thereby lending certainty and predictability to the trading system.

Wall Street proves too tempting to pass up for a handful of gutsy traders. Risky assets with lavish valuations march on against expectations, the group of stock winners stays stubbornly concentrated, interest-rate cuts get delayed once more.

gold in the last one week has been -0.26%. Whereas in the last month it has been -1.54%.The cost of silver is Rs.89850.0 per kg down by Rs.390.0 per kg. Gold Price Today in Delhi is ₹73685.0/10 grams.

Mumbai: Shares of Vodafone Idea soared as much as 11.6% in trading on Friday after brokerage UBS upgraded its rating on the stock to 'buy' from 'neutral'. The brokerage raised its price target on the stock to ₹18, implying an upside of over 19% from Friday's closing. The stock ended at ₹15.11, up 7.5% over the previous day. UBS said it believes the market is pricing in 15-20% mobile tariff increase over the next 12-24 months. «We believe relief in the form of AGR reduction by the Supreme Court or equity conversion, moratoriums etc by the government is highly likely, especially given the government's stated objective of ensuring three viable private telcos,» the brokerage said in a note. UBS said Vodafone will benefit the most if that happens and the risk-reward is attractive before such an announcement. The brokerage maintained its 'neutral' ratings on Bharti Airtel and Indus Towers.

stocks rebounded on Friday from sharp losses the day before on news of an improving consumer outlook on inflation, sending the Nasdaq to a fifth straight week of gains and record closing high. The Commerce Department said new orders for key U.S.-manufactured capital goods

GameStop Corp. shares rallied in late trading after the retail trader favorite announced it brought in nearly $1 billion from a share sale program.The video-game retailer capitalized on a flurry of trading earlier this month by selling 45 million shares to raise roughly $933 million, according to a statement Friday.

Janet Yellen stated on Friday that she is working to save a component of the global corporate tax agreement targeting highly profitable multinational corporations, and added that “India is refusing to engage on issues important to US interests".Yellen told Reuters in an interview on the sidelines of a G7 finance leaders meeting in Italy that China also has been “all but absent" in the negotiations to finalize “Pillar 1" of the OECD corporate tax deal reached in principle in 2021 that involves 140 countries."We are actively engaged in this negotiation," to meet an end-June deadline for the deal, Yellen told Reuters. “We're committed to doing everything we possibly can to make it work."Also Read: Yellen ‘Feeling Good’ About G-7 Alignment on Russian AssetsEarlier on Friday, Italian Finance Minister Giancarlo Giorgetti told reporters that the Pillar 1 negotiations were set to fail, citing objections from the U.S., India and China.The Pillar 1 negotiations primarily focus on redistributing the taxing authority concerning US-based digital giants, potentially enabling around $200 billion of corporate profits to be taxed in the nations where these companies operate.In addition to Pillar 1, the tax deal includes a second pillar involving the implementation of a 15% global minimum tax on corporate profits, which many countries are independently adopting.

₹39 to ₹71,538 per 10 grams in futures trade. With a trading volume of 7,184 lots, gold futures for June delivery on the MCX closed down by ₹39 at ₹71,538 per 10 grams.The decline in the price of precious metals was ascribed by analysts to weak global cues.Also Read: Gold price today: MCX Gold trades lacklustre; why are gold prices falling? Will it remain under pressure in short term?According to a PTI report, gold was trading 0.15 percent higher globally at USD 2,363.20 per ounce in New York.Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, highlighted that fact that the gold has traded weak this week, experiencing a significant selloff from ₹74,350 to ₹71,500, a drop of more than ₹2,800 from weekly highs.

USTR) office on Friday announced a further extension of all China Section 301 tariff exclusions on 352 Chinese import and 77 pandemic-related categories through June 14, and said some would be extended through May 31, 2025.

U.S. Treasury Secretary Janet Yellen said on Friday she is trying to save a part of the global corporate tax deal focused on highly profitable multinational firms, but India is refusing to engage on issues important to U.S. interests.

A coalition of insurance trade associations has filed a lawsuit against the US Department of Labor (DOL), seeking to overturn a regulation they argue limits consumer choice in financial professionals and restricts access to retirement products that offer protected lifetime income.

Making a widely anticipated move to limit shareholder redemptions, the Starwood Real Estate Income Trust Inc., with $9.8 billion in assets, yesterday announced it was cutting back the amount of shares it would buy back from its retail customers each month as it waits for the market for commercial real estate to rebound and interest rates to drop.

The crypto market is buzzing with a new bull run, and the hunt for lucrative investments intensifies. Amid the sea of options, a select few altcoins have caught the eye of savvy investors for their potential to grow wealth. This article dives into the details of five such coins that promise significant returns. The insight provided here is invaluable for those looking to capitalize on the 2024 bull run and expand their portfolios with strategic picks.

vote-bank threat if a tax is imposed on the assets of the wealthy, as it will not impact 99.96% of the population, says Nitin Kumar Bharti, the lead author of a recent World Inequality Lab report that suggests imposition of a wealth tax to correct inequalities in India. Studies also show that such a tax causes little capital flight, he tells ET. Edited excerpts: India's past experiments on wealth tax haven't worked; why do you think this could? Wealth tax hasn't worked for several reasons — limited purview, easier evasion and, most importantly, lack of a strong government will. Today, evasion is less of a concern due to technological advancements, such as Aadhaar linkage and computerisation of land records and stock market trading. We propose to tax overall net wealth, not keeping any asset out of the purview. But haven't wealth taxes failed in developed countries as well? The narrative is changing now, and there is more debate about bringing back the repealed wealth taxes to tame the rising wealth inequality.

an anonymous 14-page memo and other documents containing “disturbing allegations" about the STRS board and was handing them over to authorities. Republican Attorney General Dave Yost launched an investigation the next day into what he called the fund's “susceptibility to a hostile takeover by private interests." He followed up with a lawsuit seeking to unseat two reform-minded board members — Wade Steen and Rudy Fichtenbaum — for backing a plan to turn over $65 billion, or roughly 70% of STRS assets, to a fledgling investment firm called QED. The outfit is co-run by two people, one a former deputy Ohio treasurer, out of a condo in suburban Columbus.

Stocks that traded heavily or had substantial price changes on Thursday: Nvidia, Synopsys rise; Live Nation, V

Nvidia’s stock price has more than doubled this year, increasing the company’s market value by more than $1.3 trillion

The U.S. is seeking to build support for squeezing more money for Ukraine out of frozen Russian assets as finance ministers from the Group of Seven rich democracies open a two-day meeting Another key topic pushed by U.S. Treasury Secretary Janet Yellen...