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Trump Media & Technology Group likely abandoned plans for its bitcoin BTC$77,911.59 exchange-traded fund (ETF) because the economics no longer worked. ETF analysts say the company behind Truth Social faced a brutal reality: the spot bitcoin ETF market has become crowded, fees have collapsed and investors already have more than a dozen similar products to…
Benchmark equity index Sensex erased steep early losses to finish 117 points higher on Wednesday, supported largely by gains in Reliance Industries, even as investor sentiment remained cautious amid elevated crude oil prices and continued weakness in the rupee. The 30-share BSE Sensex advanced 117.54 points, or 0.16%, to close at 75,318.39. The index had…
The world could soon get its first trillionaire!Elon Musk, already the richest person on the planet, is now inching closer to the unprecedented milestone as SpaceX gears up to go public. The initial public offering (IPO) is expected to be the biggest stock market debut in Wall Street history.Earlier on Wednesday, the rocket and satellite…
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Heatwave alert for Delhi, UP, Punjab, Haryana and more: What to expect over next 5 days (Image credit: ANI) Heatwave conditions continue to grip large parts of India, with the India Meteorological Department (IMD) warning of severe temperatures across several states.In its May 20 press release, the IMD said, “Heat wave to severe heat wave…
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