Robinhood says layoffs aren’t being driven by AI integration According to a Forbes report published on June 4, 2026, AI has been the top reason cited for tech layoffs during 2026. Robinhood, however, seems to be taking a different tack. Unlike BitGo, attributing its cuts to AI, Robinhood hasn’t indicated these layoffs were driven by…
NEW DELHI: The military strikes on Saturday put the spotlight on the Strait of Hormuz, a critical global shipping route for India and other Asian countries, prompting officials here to activate contingency plans to safeguard energy supplies, reports Atul Mathur.While keeping a close watch on the unfolding situation, they also have an eye on crude…
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Hong Kong is doubling down on its role as China’s financial bridge, signing a new agreement with Shanghai authorities to build cross-border blockchain rails for cargo trade and trade finance. The memorandum of understanding between the Hong Kong Monetary Authority, the Shanghai Data Bureau, and the National Technology Innovation Center for Blockchain, announced Monday afternoon…
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MUMBAI: A structural shift is reshaping India’s microfinance sector, with regulated lenders displacing informal sources as borrowing from moneylenders fell to 1% in 2024–25 from 46% in 2011, according to a survey by Microfinance Industry Network and National Council of Applied Economic Research.The survey, which covered 10,342 borrowers across 10 states, shows a maturing market…
NEW DELHI: Ex-BJP Tamil Nadu state president K Annamalai questioned the high-level security for NEET-UG re-exam scheduled for June 21. He said that the involvement of CRPF, CISF along with multi-level oversight with direct monitoring from the Prime Minister’s office seemed as if the arrangements were to “buy high-level, classified, military-grade software.“He said that increased…
The CoinMarketCap “Crypto Fear and Greed Index,” a metric tracking crypto investor sentiment, flipped to “neutral” on Sunday, for the first time since October, signaling that investor sentiment is improving. The Index is at 40, signaling that investors are no longer fearful, but they are not bullish on the crypto market either. The Index recorded…
Get ready. Wenesday night is the main event for earnings season, with Alphabet, Amazon, Meta and Microsoft – four of the “Magnificent Seven” — set to report. Options traders are pricing in more than $800 billion of market cap movement after the bell. If options prices are an indication, it will be a more volatile…
