NEW DELHI: In one of the biggest reform initiatives, the Centre on Friday announced the implementation of the four labour codes, enacted five years ago, to replace 29 laws. The rollout, which will require notification of rules, comes within a week of a resounding electoral mandate in Bihar for the governing NDA after similar successes…
Omar Marques | Lightrocket | Getty Images Robinhood shares are heading for a brutal weekly loss as the once-red-hot trades in bitcoin and AI stocks that powered its growth lose momentum. The popular brokerage platform slipped more than 3% Friday, extending a punishing decline. The stock tumbled 10.1% in the prior session and is now…
US stocks recovered on Friday after a volatile week, with major indices rising on renewed expectations of a December interest-rate cut amid sharp swings in artificial intelligence-linked and cryptocurrency assets.The S&P 500 climbed 1.2% in early trade, while the Dow Jones Industrial Average gained 709 points, or 1.6%. The Nasdaq composite rose 1% after fluctuating…
Grayscale’s two new crypto exchange-traded funds (ETFs) will go live on NYSE Arca on Monday, offering U.S. investors simplified access to DOGE$0.1400 and XRP for the first time through regulated public markets. The Grayscale Dogecoin Trust ETF (GDOG) and Grayscale XRP Trust ETF (GXRP) are each structured as spot ETPs that hold their respective underlying…
Bitcoin and ether tumbled to multi-month lows on Friday as investors pulled back from riskier assets amid concerns over stretched tech valuations and fading expectations of near-term US rate cuts, Reuters reported. Bitcoin, the world’s largest cryptocurrency, dropped 5.5% to a seven-month low of $81,668, while ether slid more than 6% to $2,661.37, hitting a…
Check out the companies making the biggest moves midday: Oracle — The AI stock fell 4% as investors remained worried about valuations tied to AI continued to dump stocks. Those declines added to Oracle’s and Nvidia’s steep weekly losses. Bath & Body Works — The retailer fell 5%, adding to its 24.8% plunge from Thursday,…
Tata Power has signed commercial agreements with Druk Green Power Corporation to acquire a 40 per cent stake in a special purpose vehicle (SPV) to develop the 1,125 MW Dorjilung Hydroelectric Power Project in Bhutan, the company said on Friday. The equity commitment is valued at approximately Rs 1,572 crore and will be infused in…
SRINAGAR: Security forces on Friday foiled what they called “a potential terror plot” in Jammu and Kashmir, and recovered weapons and ammunition, including M4 rifles, during a search in Handwara, around 130 km north of Srinagar.“Based on specific input, a joint operation was launched by J&K Police and the Army’s Naugam brigade in the Neeriyan…
The US government will not publish consumer inflation data for October after a 43-day federal shutdown disrupted data collection, intensifying uncertainty ahead of the Federal Reserve’s December policy meeting.The Bureau of Labor Statistics (BLS) said it “is unable to retroactively collect” consumer price data for October and will not release the report originally scheduled for…
ICP$4.3398 extended its slide over the past 24 hours, trading near $4.369 after a sharp break below long-standing support at $4.33. The decline followed one of the steepest intraday drops in recent sessions, with price moving from $4.97 to $4.30 in a fast, technically-driven cascade, according to CoinDesk Research’s technical analysis data model. Activity surged…
