Ark Invest’s Cathie Wood has trimmed her most bullish forecast for bitcoin, acknowledging that the rapid rise of stablecoins is taking on a role she once thought bitcoin would fill. “Stablecoins are usurping part of the role that we thought bitcoin would play,” Wood, CEO and chief investment officer of Ark, said Thursday on CNBC’s ”…
NEW DELHI: The cabinet on Wednesday cleared the ‘25,000-cr Export Promotion Mission and ‘20,000 cr additional collateral-free credit to support exporters grappling with global trade uncertainty. Priority support is being given to sectors such as textiles, leather, gems and jewelry, engineering goods, and marine products hit by US tariffs. The mission, which was announced in…
A majority of the U.S. House of Representatives voted in favor of a funding bill to reopen the government late Wednesday after a record-breaking 42-day shutdown, sending the continuing resolution to President Donald Trump’s desk for his signature. The government looked set to remain shut down for the foreseeable future before a group of Senate…
Check out the companies making headlines in after-hours trading. Take-Two Interactive Software — Shares of the video game developer tanked 7% after Rockstar Games, a subsidiary of Take-Two, announced a further delay in the release of Grand Theft Auto VI to November 2026 from May 2026. The announcement marks the second delay for the highly…
NEW DELHI: Global carbon emissions from fossil fuels are projected to rise by 1.1% in 2025, reaching record high of 38.1 billion tonnes, over 2024 with the US heading for the highest percentage increase of 1.9% followed by India (1.4%), China and the EU (0.4% each) among the big four emitting countries, shows Global Carbon…
MIAMI BEACH, Fla. — Dan Tapiero, founder of crypto-focused growth equity fund 50T Holdings, is betting that artificial intelligence and blockchain technology will converge in ways the market hasn’t yet priced in. “Blockchain is the money of AI,” Tapiero said in an interview with CoinDesk. “If you just imagine having thousands of these AI agents…
NEW DELHI: Umar Un Nabi, confirmed by a DNA test as the bomber in Old Delhi, and his module had planned to carry out a “spectacular terror attack” with multiple vehicle-borne IEDs followed by firing with assault rifles. They had procured three vehicles – an i20, a red Ford Ecosport and a Brezza – for…
Check out the companies making the biggest moves midday: XYZ —The financial services provider plunged 10% after reporting third-quarter earnings of 54 cents per share, while analysts polled by LSEG were expecting 67 cents. Block’s $6.11 billion revenue also came in below the forecast $6.31 billion. Globus Medical — The medical device maker soared 32%…
MUMBAI: Even as major banks are revising upward their projections for corporate credit growth, rating agency Icra has said that corporate lending is yet to see a meaningful revival. “Corporate credit is very difficult to call out, whether it will go up or not. There appears to be some uptake in the second quarter. Whether…
NEW DELHI: Supreme Court on Wednesday said rampant illegal mining in Aravali range, the natural barrier spread across Haryana, Rajasthan, Gujarat and Delhi that’s preventing desertification of Gangetic plains, is causing immense damage to the sensitive eco-system. The court reserved verdict on the issue of a uniform definition of what the Aravali range is. Amicus…
