Asia-Pacific markets saw strong gains on Thursday, driven by a rally in Japan’s Nikkei 225 and continued momentum in Chinese stocks. Japan’s Nikkei index surged 2.12%, marking one of its best days in recent weeks, while China’s CSI 300 extended its rally to a seventh consecutive day. Optimism surrounding economic…
Indian equity markets opened with strong momentum on Thursday, driven by positive global cues and optimism surrounding China’s stimulus measures. The Nifty 50 hit a fresh record high, while the Sensex added 190 points in early trading. As of 9:30 AM IST, the Sensex was at 85,167.56, while the Nifty…
OpenAI’s chief technology officer, Mira Murati, announced her resignation on Wednesday, marking another significant leadership exit as the artificial intelligence powerhouse undergoes substantial organizational changes. Murati, a pivotal figure behind the development of ChatGPT and DALL-E, in a note to the OpenAI team posted to X (formerly Twitter), said, My…
India’s booming initial public offering (IPO) market may be on the verge of overheating, according to veteran investor Ramesh Damani. With a surge of upcoming IPOs from major South Korean multinationals, referred to as ‘K-pop’ issues, the market could face a significant liquidity drain, impacting secondary market stability. Damani expressed…
In a significant development for India’s cryptocurrency sector, Singapore’s High Court has granted WazirX a four-month moratorium under specific conditions, the company confirmed to CoinDesk. WazirX, which suffered a massive $234 million hack in July, filed for a six-month moratorium, seeking time to address the fallout from the breach. The…
Shares of Progress Software (NASDAQ: PRGS) surged to near all-time highs in pre-market trading today, jumping over 6% following the release of its impressive Q3 2024 earnings results yesterday. The company posted adjusted earnings per share (EPS) of $1.26, surpassing Wall Street’s estimates by $0.12 and marking a 17% increase…
Copper price has continued to find support from central banks’ aggressive measures. In particular, Fed’s super-sized rate cut and PBoC’s stimulus package has boosted the red metal. Comex copper futures rallied to a fresh 10-week high of $4.55 per pound earlier on Wednesday before pulling back slightly. As at the…
The Turkish lira has moved sideways against top currencies like the US dollar, euro, and the British pound after the central bank left interest rates unchanged last week. The USD/TRY exchange rate remained unchanged near its all-time high at 34.15, while the EUR/TRY and GBP/TRY were trading at 38.11 and…
Tron price has eased slightly in the past five consecutive weeks as the enthusiasm about Justin Sun’s meme coin project eased. TRX has retreated to $0.1495, down from the year-to-date high of $0.1690. SunPump ecosystem is not doing well Tron price surged to a record high in August after Justin…
Pi Network pioneers are patiently waiting for the platform’s airdrop, which is expected to happen later this year or in 2025. However, most of them have abandoned the project since it has been around for over five years, and the token listing may be delayed. Pi Network aimed to solve…