As tax season approaches, millions of Americans are gearing up to prepare their 2024 tax returns. However, for those involved in cryptocurrency transactions, a significant shift is on the horizon. Starting in 2025, new third-party reporting requirements will compel centralized crypto platforms like Coinbase and Gemini to report users’ transactions…
India’s economic growth is set to maintain a steady pace of 6.7% annually for the next two fiscal years, as per the World Bank’s latest projections. This forecast positions India as a resilient force in South Asia’s recovery, bolstered by robust private consumption and government-led initiatives. With global economic uncertainty…
China’s population dynamics remain a critical challenge for its economic and social stability. Despite a modest rise in births in 2024, the nation’s population shrank for the third consecutive year, highlighting systemic issues that years of government interventions have yet to resolve. The total population fell by over 1.39 million…
China’s economy expanded by 5% in 2024, buoyed by surging manufacturing and government stimulus, according to official data released by the National Bureau of Statistics (NBS). The figure slightly exceeded economists’ forecasts of 4.9% but marked the country’s slowest growth rate since 1990, excluding years affected by the coronavirus pandemic.…
The FTSE 100 index surged to a record high of 8,480.57 points in early trading, surpassing its previous peak of 8,474 points set in May 2024. A three-day rally, bolstered by unexpectedly low UK inflation figures and optimism surrounding potential interest rate cuts, has invigorated London’s stock market. This morning’s…
Ubisoft Entertainment has delayed the launch of its much-anticipated title “Assassin’s Creed Shadows” and has “appointed advisors to review strategic options to extract the best value for stakeholders.” While the video game maker is yet to offer more colour on its exact plans – the aforementioned developments are being broadly…
Morgan Stanley expects a bunch of US companies to benefit if a federal ban on TikTok goes into effect on Sunday. There have been reports that the renowned social platform for sharing short videos plans on drawing the curtains on its app in the United States on January 19th. Following…
Investors are keeping a close eye on the markets as major companies make headlines. Here’s a detailed look at the latest developments for Taiwan Semiconductor Manufacturing Co. (TSM), UnitedHealth Group (UNH), Bank of America (BAC), Fannie Mae (FNMA), Morgan Stanley (MS), and Target (TGT). TSMC logs record profit and predicts…
The Hang Seng index bounced back this week after China reported strong fourth-quarter economic numbers. It rose to a high of H$19,500, up from Monday’s low of H$18,680. So, what next for the blue-chip Hang index? Strong China GDP data The Chinese economy rebounded in the fourth quarter, helped by…
The Nifty 50 index retreated to its lowest level since June 7 last year as the Indian rupee continued its downtrend against the US dollar. It also dropped as several prominent Indian companies published weak financial results. It has moved to ₹23,200, down by almost 12% from the highest level…