SRINAGAR: Inspector Asrar Ahmad Shah called his cousin at 10.50pm on Friday, asking him to wait on the highway so they could drive home to Kupwara together after work. Thirty minutes later, an explosion ripped through Srinagar’s Nowgam police station, killing Asrar and eight others. The victims were police officers, forensic personnel, revenue officials and…
The U.S. Commodity Futures Trading Commission and Department of Justice filed lawsuit against Illinois, Arizona, Connecticut and various state officials on Thursday over the state’s efforts to shutter prediction market providers. Illinois, alongside numerous other states, sent cease-and-desist letters to some prediction market providers, arguing that the companies were offering sports gambling products that should…
Bitcoin BTC$87,475.61 has disappointed investors this year, trailing both gold and the tech-heavy Nasdaq 100 stock index, despite expectations that it would benefit from fiat currency devaluation. But according to a VanEck manager, the largest crypto asset could be setting up for a major comeback next year. “Bitcoin is lagging the Nasdaq 100 Index by…
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NEW DELHI: The race for the Maharaja’s crown of thorns — Air India CEO’s position — has entered its final stage with the selection narrowing down to four names, including AI chief commercial officer Nipun Aggarwal, erstwhile Vistara CEO Vinod Kannan, who is now senior vice president at Singapore Airlines (SIA), and two expatriates.The airline’s…
Brazilian authorities have moved to shut down 27 prediction market platforms, including Kalshi and Polymarket. The decision, announced Friday, follows a directive from the Ministry of Finance and enforcement by the National Telecommunications Agency (Anatel), according to state-owned news outlet Agência Brasil. Authorities claimed that such services fall outside Brazil’s current legal framework and therefore…
Upbit said it reimbursed all 38.6 billion won in member assets from its reserves. Source link
US equity benchmarks traded mixed on Friday, with the S&P 500 and Nasdaq moving higher on strength in technology stocks after March inflation data came in line with expectations, while investors kept a close watch on geopolitical tensions in the Middle East.US consumer prices rose the most in nearly four years in March, driven by…
A “180” hardly does justice to the recent shift in market expectations regarding central bank monetary policy. Expecting multiple Federal Reserve rate cuts in 2026 just weeks ago, markets have seriously begun to price in rate hikes this year. Current pricing on CME FedWatch Tool shows nearly a 30% chance that the fed funds rate…
MUMBAI: Adani Group will invest $100 billion to build renewable energy-powered AI-ready data centres by 2035 as the ports-to-power conglomerate seeks to cash in on India’s attempt to pitch itself as the hub of AI infrastructure. The investment is expected to “catalyse” an additional $150 billion investment across server manufacturing, advanced electrical infrastructure and related…
