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Billionaire investor Mark Cuban said he has sold most of his bitcoin BTC$77,640.65 holdings after losing confidence in the cryptocurrency’s role as a hedge against weakening fiat currencies and geopolitical instability. Cuban, who’s net worth is about $10 billion, said bitcoin’s price behavior during the recent Iran conflict challenged one of the core reasons he…
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The average long-term US mortgage rate climbed this week to its highest level in nearly nine months, raising borrowing costs for homebuyers during what is traditionally the busiest season for the housing market, AP reported.The average rate on a 30-year fixed mortgage rose to 6.51 per cent from 6.36 per cent last week, according to…
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The 2026 Kerala assembly election marked the return of the Congress-led United Democratic Front (UDF) to power after a decade, ending the Left Democratic Front’s two consecutive terms in office.The UDF secured 102 of the state’s 140 assembly seats, delivering a decisive mandate that exceeded most pre-poll projections. Congress emerged as the single largest party…
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Market regulator Sebi on Thursday proposed changes to the price discovery mechanism through call auction sessions for IPOs and re-listed stocks, seeking to improve price discovery and address concerns around artificially suppressed pricing, PTI reported.In a consultation paper, Sebi suggested revising the methodology used for determining the base price of re-listed stocks.Under the proposal, if…
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