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For bitcoin BTC$78,212.93 traders, the direction of the Dollar Index (DXY), a measure of the greenback’s strength against a basket of other currencies, hasn’t mattered this much in nearly four years. That’s because the 30-day correlation coefficient between the two now stands at -0.90, according to TradingView, the most negative reading since September 2022. A…
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Check out the companies making the biggest moves premarket: Intel — Shares nearly 27% after the chipmaker posted first-quarter earnings that beat Wall Street’s expectations. Intel posted adjusted earnings of 29 cents per share on revenue of $13.58 billion, while analysts polled by LSEG had expected it to earn 1 cent per share on $12.42…
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Mamata Banerjee and Amit Shah (R) NEW DELHI: West Bengal chief minister Mamata Banerjee on Friday issued a strong statement aimed at taking on the BJP beyond Bengal, even setting her sights on New Delhi. Her remarks elicited a wry reaction from Union home minister Amit Shah, who said with a smile during a presser,…
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Indian equities are facing a more cautious outlook, with JPMorgan cutting its rating on the market to neutral from overweight. The brokerage warned that the Nifty 50 could drop to 20,500 in a worst-case scenario, which would mean a fall of around 15% from current levels. It stated that high valuations and uncertainty linked to…
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