Indian equity benchmarks extended their winning streak into a seventh consecutive session today, propelled higher by a vigorous rally in technology stocks and positive cues flowing from a strong overnight performance in US markets. The Sensex reclaimed the psychological 80,000 mark for the first time in over three months, while…
Cantor Fitzgerald is joining forces with SoftBank, Tether, and Bitfinex to launch a Bitcoin-backed investment vehicle worth $3 billion. The new fund, called 21 Capital, comes as Bitcoin trades near historic highs and institutional appetite for crypto exposure surges under the pro-crypto Trump administration. The structure is designed to mirror…
European stock markets are poised for a positive start on Wednesday, signaling a rebound in investor confidence as anxieties surrounding US-China trade relations and the independence of the US Federal Reserve appear to ease. The improved sentiment follows reassuring comments from President Donald Trump and a strong rally on Wall…
Jammu and Kashmir Bank shares declined sharply on Wednesday, falling nearly 9% in early trade after a terror attack in the popular tourist destination of Pahalgam in the north Indian region of Jammu & Kashmir left at least 26 civilians dead. The incident, which occurred on Tuesday afternoon at Baisaran,…
The Vanguard Dividend Appreciation ETF (VIG) has crashed this year and has formed a death cross pattern, pointing to more downside in the near term. After peaking at $204 earlier this year, the fund has retreated to $184.40, and has formed a death cross pattern, pointing to more downside in…
Indian stock markets maintained their impressive upward trajectory for a seventh consecutive session today, closing firmly in positive territory. A powerful surge in technology stocks, coupled with optimism stemming from potential easing in US-China trade tensions, propelled the benchmark indices to significant levels, with the Sensex reclaiming the 80,000 mark.The…
Germany’s Bundesnetzagentur, the regulatory body overseeing the country’s energy grid, has announced a proposal aimed at providing financial relief to power consumers. The plan involves gradually phasing out payments currently made to smaller, conventional power generation units over a three-year period, starting from 2026 and ending in 2028, according to a…
BP shares climbed by more than 5% on Wednesday after hedge fund Elliott Management revealed a 5.006% stake in the British oil major.The stock was up 5.11% at 10:12 a.m. London time, partially reversing its declines year-to-date. The jump follows Elliott’s regulatory filing late Tuesday, which confirmed its holding in…
The British pound continued its winning streak on Tuesday, climbing to $1.342 against the US dollar—its strongest level since September. Sterling has risen against the dollar for the last 10 days, gaining around six cents since early April. If it posts an 11th gain today, it’ll be the longest run…
CoreWeave, the Nvidia-backed cloud computing company specialising in artificial intelligence infrastructure, received broadly positive analyst coverage this week despite having struggled to gain investor traction after its initial public offering (IPO).On Tuesday, the mandatory post-IPO quiet period for brokerages expired, allowing Wall Street analysts to begin issuing formal coverage of…