Last week’s flush lower across markets — particularly crypto markets — is seeing at least a temporary reversal Monday, with investors cheered by Amazon’s (AMZN) plans to invest up to $50 billion to expand artificial intelligence and supercomputing infrastructure for the U.S. government. The news has helped send the Nasdaq higher by 2.3% at the noon hour…
Bitcoin BTC$87,846.01 reversed gains made earlier in Asia, puncturing nascent recovery rallies in major alternative cryptocurrencies. The leading cryptocurrency by market value dropped below $88,000, having peeped above $90,000, CoinDesk data show. Major altcoins including XRP$1.8798, ether ETH$2,968.39, solana SOL$125.79 and DOGE$0.1255 also retraced their adances. The CoinDesk 20 Index (CD20) pulled back to 2,726,…
Binance, via its lawyers, told a U.S. Senate investigation it found no evidence that accounts on its platform transacted directly with Iranian entities, refuting allegations that $1.7 billion in crypto flowed through the exchange to Iran-linked groups. In a March 6 letter responding to inquiries from Sen. Richard Blumenthal’s (D-Conn.) Permanent Subcommittee on Investigations, the…
NEW DELHI: India’s economy is estimated to grow at 7.6% in 2025-26, led by manufacturing and services as the country’s statistics office released revised data series with a new base year of 2022-23.The message from the revised numbers is that the economy has remained resilient against the backdrop of trade and geopolitical tensions, and India…
Payments company PayPal (PYPL) applied for a Utah industrial bank license, it said Monday, with the goal of creating a lending arm called PayPal Bank. The company, which also operates the PYUSD stablecoin through a partnership with Paxos, said in a press release it intends to “provide business lending solutions” to small businesses and interest-bearing…
Check out the companies making headlines midday. Abercrombie & Fitch — The apparel retailer jumped 33% after posting better-than-expected fiscal third-quarter results, driven by strength at its Hollister brand. Hollister’s sales grew 16%, offsetting a 2% drop at its namesake Abercrombie & Fitch label. For the holiday quarter, the company expects Hollister to continue to…
NEW DELHI: Lalit Modi on Monday shared a video from Vijay Mallya’s birthday party, where he referred to himself and Mallya as the “two biggest fugitives from India”.The video, posted on Lalit Modi’s Instagram account, shows him posing with Mallya and saying, “We are the two biggest fugitive from India.” Modi captioned the post, “Let…
For now the Amrit Bharat Express trains have only non-air-conditioned coaches, combining general seating with second-class sleeper accommodation Prime Minister Narendra Modi will flag off four new Amrit Bharat Express trains on Saturday with an aim to enhance train travel experience and connectivity for the common man. The Amrit Bharat Express trains are modern trains…
Budget to presented on February 1 (Image credit: IANS) State leaders met with finance minister Nirmala Sitharaman on Saturday for pre-budget discussions, where they reportedly asked for increased financial support for capital investments and compensation for GST revenue losses. The states also asked for more funding for urban and rural development, housing programs, and disaster…
NEW DELHI: In a crackdown on the functioning of a dummy school that enrolled hundreds of students in higher secondary classes, the Delhi high court on Wednesday barred it from running classes XI and XII or admitting new students. High court also initiated contempt of court proceedings against the owner and management of Richmondd Global…
