Trade Financial News

Coinbase Global (COIN) is set to take advantage of the rally in the cryptocurrency market this year as the crypto exchange announced plans to raise $1 billion through the sale of senior convertible notes.

JMP Securities analysts are out with a compelling prediction about Bitcoin (BitfinexUSD) prices. The investment firm suggests that Bitcoin price could potentially surge to $280,000 within the next three years, driven by the anticipated Bitcoin ETF inflows.

Investing.com – Main U.S. indexes were mixed Wednesday, with strength in the Dow and weakness in the tech-heavy Nasdaq, while the S&P 500 traded flat. Averages consolidated gains after moving higher following data on consumer prices yesterday, with more inflation data on tap for later this week.

The artificial intelligence (AI) boom that took the world by storm in early 2023 extended into this year, with the likes of NVIDIA Corporation (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT), and Super Micro Computer (NASDAQ:SMCI), among many others, continuing to reap benefits from this technological revolution.

Piyush Goyal is all set to take the plunge in the rough and tumble of electoral politics as the BJP's candidate from Mumbai North in the upcoming Lok Sabha polls. A three-term Rajya Sabha member, Goyal (59) has been in the thick of politics since his teenage years when he campaigned for his mother, late Chandrakanta Goyal, for the Maharashtra Assembly election. Ved Prakash Goyal, Piyush Goyal's father, was an old-time RSS worker who worked closely with Sangh stalwarts Balasaheb Deoras, Atal Bihari Vajpayee and L K Advani. The Goyal home at Sion in central Mumbai was a beehive of political activity, with veteran leaders opting for it as a residence of choice when visiting the metropolis. Piyush Goyal, known largely by his pet name «Happy», had the task of escorting leaders around Mumbai. The formal alliance of the Bharatiya Janata Party (BJP) and the Shiv Sena was also struck at the Goyal residence after a meeting between Sena supremo Balasaheb Thackeray and Vajpayee in 1984.

Hindustan Petroleum Corp Ltd (HPCL) faced selling pressure today amid a broader stock market crash driven by small- and mid-cap indexes that logged their worst session in over two years. Domestic brokerage firm JM Financials has maintained a ‘sell’ rating on IOC and HPCL and a ‘hold’ on BPCL amid the current discounting of prices.

₹19,125 crore in the April-January period of the current financial year, followed by Karnataka with ₹13,738 crore and Uttar Pradesh with ₹ 13,004 crore. Odisha collected ₹7,729 crore of cess, while Tamil Nadu reported ₹7,291 crores. Gujarat, Haryana, Jharkhand and West Bengal are the other big contributors of GST cess.

Mint looks at the significance of free trade agreements for India going forward. Unlike a possible deal with the European Union (EU) or the US, India’s largest trading partners, the India-EFTA deal is unlikely to boost bilateral trade by much. In the January-December 2023 period, India’s exports to EFTA, which comprises Iceland, Norway, Liechtenstein and Switzerland, was just $1.87 billion.

₹8,399 crore to improve public transport in the capital by adding two rail corridors, an official statement said. The new lines will be ready for public use by March 2026, Union minister for information and broadcasting Anurag Thakur told reporters at a briefing.

Mahapanchayat. "Samyukt Kisan Morcha calls upon farmers, agricultural workers and common people of India including those in coordination with SKM like Joint Platform of Central Trade Unions, other Trade Unions, Women's Organizations, Student’s Organizations, Youth Organizations and Democratic Organizations to participate in large numbers and make this historic Mahapanchayat a grand success," it said in a statement.

It’s been a disappointing year for Apple (NASDAQ:AAPL) investors so far, with the stock down over 7% for the year-to-date, despite the slight pullback over the last few trading sessions. Apple stock hit a 2024 intraday low of $168.49 on Thursday last week before rising to above the $173 per share mark in yesterday’s session (Tuesday, March 12).

Despite the market betting on a pivot before the second half of the year, the last two sticky CPI readings suggest that the Fed's inflation battle may be far from over.

Coal India, Adani Ports & Special Economic Zone, Adani Enterprises, NTPC, Tata Steel, and ONGC saw losses of over 5%. Moreover, the market was also influenced by the uptick in US inflation to 3.2% in February, raising concerns about the possibility of a rate cut by the US Federal Reserve in the near term. This, however, boosted the dollar index, and even the US stock market surged.

The US 10-year Treasury yield continues to trade well above a ‘fair value’ estimate, based on the average of three models maintained by CapitalSpectator.com.

Dollar Tree (NASDAQ:DLTR) shares tumbled in pre-market trading Wednesday after the company unveiled its fiscal Q4 results.

capital on Wednesday amid weak trends in the overseas markets, according to HDFC Securities. The precious metal had closed at Rs 66,350 per 10 grams in the previous trade. Silver also plummeted Rs 600 to Rs 75,300 per kg. In the previous close, it had settled at Rs 75,900 per kg.

The S&P BSE Sensex plunged more than 900 points while the Nifty50 failed to hold on to 22,000 towards the close of the session.

Depending on where you sit, the halving is a vital event that will burnish bitcoin's value as an increasingly scarce commodity, or nothing more than a technical change talked up by speculators to inflate its price.

Nifty on Wednesday ended 338 points lower to slip below its immediate support of the short-term moving average i.e. 20-DEMA and also breached the trendline support. The bullish pattern like higher tops and bottoms continued on the daily chart and the present weakness could be in line with the new higher bottom formation. But a decisive move below 21,860 levels (last higher bottom of 29th Feb) could negate this bullish setup and that could eventually form a bearish pattern like lower tops and bottoms, Nagaraj Shetti of HDFC Securities said.

Investing.com-- Markets will be watching to see whether major U.S. technology stocks can continue to help Wall Street rise past growing concerns over higher-for-longer interest rates, following upbeat consumer price index inflation data. Gold prices fell from record highs after the reading, with more U.S. inflation cues also on tap later this week. 

(Reuters) -Dollar Tree swung to a quarterly loss on Wednesday after the retailer took an over $1 billion goodwill impairment charge, as it plans to shut nearly 1,000 stores.