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Thu, Mar 13, 2025 09:29 AM All times are UTC

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Reliance Industries Surges on Strong Quarterly Profit, Retail Recovery

Jan 17, 2025 07:12 am UTC| Business Investing

Reliance Industries shares rose nearly 5% on Friday, marking their best week in six months after the company exceeded quarterly profit estimates, driven by a rebound in its retail business. Indias most valuable company,...

Rupee Marginally Weaker Amid Dollar Demand and RBI Intervention

Jan 17, 2025 07:08 am UTC| Economy Investing Fund

The Indian rupee edged lower on Friday, trading at 86.5850 against the U.S. dollar by 09:55 a.m. IST, compared to its previous close of 86.55. The slight dip was driven by heightened dollar demand due to the maturity of...

Bank of America Posts Strong Q4 2024 Results, Shares Rise

Jan 17, 2025 03:44 am UTC| Research & Analysis Fund Investing

Bank of America (BofA) exceeded expectations in its Q4 2024 earnings, driving shares up 2% in premarket trading. The bank reported earnings per share (EPS) of 82 cents, outperforming the 77-cent consensus estimate. Total...

Bull Market Optimism Persists Amid Historical Trends and Economic Growth

Jan 17, 2025 03:39 am UTC| Digital Currency Investing Economy

As the bull market enters its third year, the Sevens Report remains optimistic despite concerns over stretched valuations and geopolitical risks. The report cites factors such as robust economic growth, pro-growth policies...

Fed Governor Hints at Potential Rate Cuts Amid Positive Inflation Trends

Jan 17, 2025 03:34 am UTC| Investing Fund Insights & Views

Federal Reserve Governor Christopher Waller shared an optimistic outlook on inflation and interest rates during a recent CNBC interview. Highlighting Decembers favorable inflation data, Waller suggested that if this trend...

Litecoin ETF Filing Signals Progress Toward Regulatory Approval

Jan 17, 2025 03:30 am UTC| Digital Currency Investing

Grayscale Investments has revised its Litecoin Trust filing with the U.S. Securities and Exchange Commission (SEC), signaling progress in efforts to launch a spot Litecoin exchange-traded fund (ETF). This amendment...

Tesla Cybertruck Discounts Highlight Pricing, Production Challenges

Jan 17, 2025 03:15 am UTC| Technology Business Investing

Tesla has introduced discounts for new Cybertruck models, with price cuts of up to $1,600 on new units and $2,600 on demo versions, according to CNBC. This move follows reports of slowed production at Teslas Austin, Texas...

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Economy

Gold Prices Surge as Rate Cut Bets Strengthen Amid Trade War Escalation

Gold prices climbed in Asian trading on Thursday, driven by softer U.S. inflation data that reinforced expectations of Federal Reserve rate cuts. Spot gold rose 0.4% to $2,945.18 per ounce, while April gold futures gained...

Australia’s Stock Market Nears Correction as U.S. Tariffs Shake Investor Confidence

Australias SP/ASX 200 index is on the brink of correction territory, tumbling 9.8% from its all-time high on February 14, driven by escalating trade tensions following U.S. President Donald Trumps new tariffs. As of 03:20...

South Korea Warns of Heightened Currency Volatility Amid U.S.-China Trade War

South Koreas central bank cautioned that escalating tensions in the U.S.-China trade war could prolong market instability, increase capital outflow risks, and amplify dollar-won exchange rate volatility. The Bank of Korea...

Asian Currencies Stabilize as Dollar Holds Gains Amid Trade Tensions

Asian currencies saw slight gains on Thursday after recent losses, but market sentiment remained cautious due to rising global trade tensions and fears of a U.S. recession. Meanwhile, the dollar steadied following a mild...

Oil Prices Dip Amid Recession Fears, Rising Supply, and Trade War Concerns

Oil prices edged lower in Asian trading Thursday, easing after a recent rebound as concerns over a potential U.S. recession and increasing production weighed on sentiment. Brent crude futures slipped 0.2% to $70.83 per...

Politics

India May Limit Starlink’s Satellite Spectrum to 5 Years, Defying Musk’s 20-Year Request

Indias telecom regulator, TRAI, is set to recommend a five-year allocation for satellite broadband spectrum, challenging Elon Musks Starlink, which sought a 20-year permit. This move aims to assess market adoption before...

Trump’s Bold Tax Plan: No Taxes for Americans Earning Under $150K

U.S. President Donald Trump aims to eliminate taxes for individuals earning less than $150,000 annually, according to Commerce Secretary Howard Lutnick in a recent CBS News interview. I know what his goal isno tax for...

Germany Eyes Historic €500B Fund Amid Political Showdown

Germanys outgoing Bundestag will debate a 500 billion infrastructure fund and major borrowing reforms on Thursday, a move that could reshape Europes largest economy. Friedrich Merz, the conservative leader who won last...

Walmart Faces Scrutiny in China Over Supplier Price Cuts Amid Tariffs

Chinese officials met with Walmart (NYSE:WMT) this week to address reports that the U.S. retailer pressured Chinese suppliers to cut prices to offset U.S. tariffs. The meeting, held on March 11, was confirmed by Walmart...

G7 Foreign Ministers Meet Amid Rising Tensions Over Ukraine, Tariffs, and US Policy Shifts

Foreign ministers from the G7Britain, Canada, France, Germany, Italy, Japan, and the U.S.along with the EU, gather in La Malbaie, Canada, for crucial talks as tensions rise over U.S. foreign policy shifts under President...

Science

Leonardo da Vinci’s incredible studies of human anatomy still don’t get the recognition they deserve

Wikimedia, CC BY-SA The mere mention of Leonardo da Vinci evokes genius. We know him as a polymath whose interests spanned astronomy, geology, hydrology, engineering and physics. As a painter, his Mona Lisa and Last Supper...

One of the largest searches for alien life started 30 years ago. Its legacy lives on today

In February 1995, a small research organisation known as the SETI Institute launched what was then the most comprehensive search for an answer to a centuries-old question: are we alone in the universe? This Sunday marks...

South African telescope discovers a giant galaxy that’s 32 times bigger than Earth’s

Inkathazos glowing plasma jets are shown in red and yellow. The starlight from other surrounding galaxies can be seen in the background. K.K.L Charlton (UCT), MeerKAT, HSC, CARTA, IDIA, CC BY You may not know it, but right...

It’s science, not fiction: high-tech drones may soon be fighting bushfires in Australia

Picture this. Its a summer evening in Australia. A dry lightning storm is about to sweep across remote, tinder-dry bushland. The next day is forecast to be hot and windy. A lightning strike tonight could spark a fire that...

Earth is bombarded with rocks from space – but who gets to keep these ultimate antiques?

Every day, about 48.5 tonnes of space rock hurtle towards Earth. Meteorites that fall into the ocean are never recovered. But the ones that crash on land can spark debates about legal ownership. Globally, meteorite hunting...

Technology

WeRide Expands Robotaxi Services in Beijing After Securing Key Permit

WeRide Corp (NASDAQ: WRD) has received approval to launch commercial robotaxi services in Beijing, marking a significant milestone in its autonomous ride-hailing expansion. The newly granted permit allows WeRide to operate...

SpaceX Delays NASA Crew-10 Launch Amid Technical Issue, Stranded Astronauts Await Return

SpaceX postponed the NASA Crew-10 mission set to bring back astronauts stranded on the International Space Station (ISS), citing a technical issue. The launch, originally scheduled for Wednesday night from Kennedy Space...

AI Boom Fuels 10% Growth in Semiconductor Market for 2025, but Challenges Remain

The global semiconductor market is set to grow 9.5% in 2025, driven by soaring demand for AI and data center chips, according to ING analysts. While this growth lags the 11.2% forecast by the World Semiconductor Trade...

TSMC Proposes Joint Venture to Run Intel’s U.S. Foundry with Nvidia, AMD, and Broadcom

Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is in early talks with Nvidia (NASDAQ:NVDA), AMD (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), and Qualcomm (NASDAQ:QCOM) to form a joint venture (JV) to manage Intels...

Salesforce Invests $1B in Singapore to Advance AI and Digital Innovation

Salesforce (NYSE:CRM) is making a major investment in Singapore, pledging $1 billion over the next five years to accelerate artificial intelligence (AI) development and digital transformation. The move reinforces the...