On May 5, Indian banking shares were boosted after the central bank introduced measures to raise lending. It’s not a secret that the COVID-19 crisis resumes taking its toll on India. The Nifty Bank index was up 1.36%, while the Nifty PSU index, which captures the performance of India’s public sector banks, increased by 1.38%. …
The central bank of India supports lending to help economy Read More »
The chance of dismantling banking sanctions and unfreezing billions in forex assets in foreign banks represents the main driving force behind the sharp decline in currency prices in the last couple of days. A press release of the Central Bank of Iran is full of interesting details. In this press release, the head of the …
The main Wall Street indices began the trading day with falls on Tuesday. It happened after the Dow Jones Industrial Average and the S&P started the month in the green. The Dow Jones dropped by 0.30% to 34,010.39 units. Meanwhile, the S&P 500 yielded 0.51%, at 4,171.23 points. The Nasdaq Composite dropped by 0.48%, at …
Wall Street opened in red, weighed down by tech stocks Read More »
Crypto miners might face three-year forced closure. The Senate is discussing the latest environmental protection bill, which involves the crypto mining risks too. New York Senate Bill No. 6486 was introduced by Democratic Senator Kevin S. Parker, Chairman of the Energy and Telecommunications Committee. Also, the co-author was Rachel May, Democratic Senator, Chairman of the …
Crypto mining might get a 3-year ban due to climate issues Read More »
Commodities prices surged to new highs as indications of economic recovery raised hopes of renewed energy demand and a lower dollar stoked investor appetite for precious metals. The Bloomberg Commodity Spot Index, which follows price movements for 23 raw materials, increased 0.7% Monday. The index is at levels not witnessed after 2012. Oil, the most …
The federal health official revealed that the Food and Drug Administration is anticipated to authorize Pfizer-BioNTech’s COVID-19 vaccine for administration to adolescents by early next week. According to the latest news, Pfizer has applied for emergency use authorization for its vaccine for people ages 12 to 15. The Food and Drug Administration will have to …
Pfizer vaccine could be authorized for adolescents Read More »
Apple has hired Samy Bengio, former Google scientist. Bengio led Google’s AI ethics group until last month when he left amid a broader reorganization in the team. Based on today’s report, Bengio will lead a new AI research unit at Apple under John Giannandrea. He is a senior vice president of machine learning and AI …
Non-fungible tokens (NFTs) gained popularity, as more and more people started to realize all the positive benefits. An NFT is a digital asset that represents real-world objects like art, music, videos, etc. NFTs are bought as well as sold online, frequently with cryptocurrency and they are generally encoded with the same underlying software as many …
The world’s second-largest cryptocurrency, Ethereum, has risen by more than 321%, while the price of Bitcoin has increased by 98%. After the European Investment Bank issued its first digital bond sale on the Ethereum blockchain network, Ethereum has been upward. In the case of increased demand, the supply of Ethereum has been declining. Enterprises have …
Ethereum’s crazy surge: Ethereum might hit $5000 this week Read More »
The economic activity started expanding from the beginning of 2021. Remarkably, widespread vaccinations, as well as more fuel from government spending, helped the U.S. economy to recover. The country is recovering sharply and is getting closer to where it was before the coronavirus pandemic hit. Gross Domestic Product increased by 6.4% for the first three …
U.S. GDP increased by 6.4% for the first three months Read More »
China has launched the central module of its space station, constructing one of the largest and most sophisticated space facilities in its space program. A Long March 5B heavy-lift vehicle, with a height equivalent to an 18-story building and a takeoff weight of 849 tons lifted off at 3.23 UTC from the Wenchang Space Launch …
China launched the core module of its space station Read More »
Bitcoin prices continued to rebound on Saturday, rising about 6% to nearly $58,000. However, recently, its younger brother, Ethereum, has overshadowed the world’s largest cryptocurrency. Ethereum hit a new high on Saturday, just over $2,900. By 2021, the price of Ether has almost quadrupled, rising by 290%. Bitcoin has also achieved good results this year, …
Ethereum stays at its all-time high, might beat Bitcoin soon Read More »
China’s factory activity was anticipated to have grown at a slightly slower pace in April while maintaining momentum as the country continues its recovery. The official manufacturing Purchasing Managers’ Index (PMI) released by the National Bureau of Statistics is anticipated to decline to 51.7 for April from 51.9 in March. A reading above 50 suggests …
China’s factory activity was anticipated to slower Read More »
The UK will make autonomous driving partially legal in the spring. Even though it makes driving easier, watching a movie or playing games while driving is still not available. A BBC report noted that the Department of Transportation would allow self-driving cars limited to a single lane with a speed limit of 60 km per …
The U.S. dollar traded near nine-weeks low on Thursday, due to a dovish outlook from the country’s central bank and bold spending plans from the White House. Both factors mentioned above gave a green light for the global reflation trade. President Joe Biden’s push for another $1.8 trillion in spending also created a risk of …
U.S. Dollar Traded Near Nine-Weeks Low on April 29 Read More »
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