Trade Financial News

(Reuters) -U.S. bank regulators' proposed new capital requirements for large banks, if finalized, would violate key federal laws and needlessly impose burdensome costs on 80% of assets in the country's banking system, major industry lobby groups said on Friday.

When the Securities and Exchange Commission (SEC) decided to approve Spot Bitcoin ETFs for public trading on Wednesday, the deciding vote fell to chairman Gary Gensler.

TORONTO — Bitcoin is trading around levels not seen in nearly two years after a U.S. regulator approved 11 exchange-traded funds linked to the cryptocurrency, prompting calls that it’s a new era for digital money, but also for caution among investors.

By Hannah Lang and Suzanne McGee

As inflation continues to throttle back across the broad U.S. economy, some consumer categories have sunk into outright deflation.

Morgan Stanley agreed to pay $249 million to the Justice Department and Securities and Exchange Commission to end a years-long US investigation into block trading that rattled the industry.

Digital Currency Group subsidiary Genesis Global trading will pay an $8 million penalty and surrender its license from the regulator after an investigation found significant failings in the company's anti-money laundering and cybersecurity programs. Genesis — a cryptocurrency market-maker and brokerage firm — failed to maintain an effective compliance program for anti-money laundering and Bank Secrecy Act requirements and did not file sufficient Suspicious Activity Reports, which requires financial institutions to flag certain transactions to law enforcement.

Houthi rebels have rerouted most of the trade normally flowing through the crucial maritime artery for consumer goods and energy supplies, a shift that's delaying shipments and raising transport costs. The impact struck home Friday when electric car maker Tesla said it had to shut down its factory outside Berlin from Jan. 29 to Feb. 11 due to delays in supply chains, and as U.S.-led airstrikes hit what the Navy said were Houthi missile and drone launch sites in Yemen.

Mint Banking and Financial Services and Insurance (BFSI) Summit and Awards. The event saw top business leaders across the BFSI spheres congregate in Mumbai. Shaktikanta Das, the governor of the Reserve Bank of India, delivered the keynote address.

Investing.com — JPMorgan Chase (NYSE:JPM) has unveiled a forecast for annual net interest income that topped analyst estimates, while higher interest rates lifted profits to record levels in 2023.

The new spot Bitcoin ETFs made a significant impact when they debuted on Wall Street on Thursday, collectively amassing $4.5 billion in volume on their first day of trading.

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Yuan International advertises itself as the pinnacle of crypto intelligence software, providing users with a way to engage with the dynamic world of leveraged trading. According to the website, investors can choose between automated and manual trading systems on the platform.

By Tatiana Bautzer and Manya Saini

British Prime Minister Rishi Sunak said on Friday that the country's joint air strikes with the US against Houthi military targets in Yemen overnight was a «necessary and proportionate action in self-defence.» The US-led strikes are the first against the Houthi militia since it started targeting international shipping in the Red Sea from November 2023. Sunak accused the Iranian-backed group of threatening UK ships as the US Air Force said more than 60 targets at 16 locations used by Houthis in Yemen were struck.

Nifty on Friday ended 247 points higher to decisively break out of the 21,500-21,850 range on the upside. As long as the index is trading above 21,750, the breakout texture is likely to continue. Above the same, the market could move up till 22,100-22,200. On the flip side, below 21,750 traders may prefer to exit from the trading long positions. Below which, the index could retest the level of 21,650-21,575, said Amol Athawale of Kotak Securities. Momentum indicator RSI has also provided a buy crossover, further confirming the bullish sentiment in the market. What should traders do? Here’s what analysts said: Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities Nifty exhibited significant strength, securing a notable breakout on the daily chart as it surpassed the key resistance level of 21,800. This bullish move positions the index for potential short-term targets of 22,000 and 22,200. Traders are advised to consider buying opportunities on any dips toward the support level.

Shares of Tesla (NASDAQ:TSLA) are down more than 3% in pre-market trading Friday morning after the electric automaker officially reduced the price of their Model 3 and Model Y in China, with cuts ranging from Rmb6.5k to Rmb15.5k.

₹143 apiece. Shree Marutinandan Tubes Ltd IPO lot size consists of 1,000 shares.

This week, Bitcoin reached a significant milestone as the spot Bitcoin ETF finally gained approval, a process that took a decade to pay out.

(Reuters) -U.S. stock index futures declined on Friday as weak earnings reports from big banks sparked worries about the health of corporate America, while investors awaited an inflation report during the day for clues on monetary policy outlook.

Investing.com -- JPMorgan and Bank of America are among a slew of major U.S. banks set to report their quarterly earnings on Friday. Markets will likely be keeping tabs on how the companies are bearing the weight of higher interest rates and expenses related to the collapse of regional banks last year. Elsewhere, demand for spot Bitcoin exchange-traded funds soars in the first trading day after the U.S. Securities and Exchange Commission approved them in a landmark decision.