JPMorgan Chase shares were under pressure Tuesday despite a strong quarter , and Wall Street analysts largely framed the pullback as profit-taking rather than a fundamental shift in the outlook. The bank stock fell nearly 3% on Tuesday after the bank posted fourth-quarter results that topped expectations on better-than-expected revenue from the bank’s trading operations. The company said net…
IMF on Monday approved a disbursement of around $1.2 billion to Pakistan, lifting the country’s total inflows under the Extended Fund Facility and the Resilience and Sustainability Facility to roughly $3.3 billion. The IMF Executive Board cleared the payment during its meeting in Washington, citing the country’s efforts in macroeconomic reforms.Pakistan remains heavily reliant on…
BlackRock named its iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) one of the top three investment themes for 2025, a striking move given bitcoin’s BTC$88,697.50 slide this year. The firm placed IBIT alongside two more traditional offerings: the iShares 0-3 Month Treasury Bond ETF (SGOV) and the iShares Top 20 U.S. Stocks ETF (TOPT). Bitcoin…
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Nagpur: A four-year-old boy was accidentally locked overnight inside his school classroom in Nagpur’s Khaparkheda, sparking panic in his family. Himanshu Bagde, living just half a kilometre from the school, had wandered into the classroom while playing Wednesday, unaware that staff would later lock the premises without checking the rooms, reports Soumitra Bose. When Himanshu…
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CHENNAI: Tamil poet and lyricist Vairamuthu has been chosen for the country’s highest literary award, Jnanpith, for the year 2025. He is only the third Tamil litterateur to be chosen for this award. after Akilan (1975) and Jayakanthan (2002). However, he is the first to receive the award for Tamil poetry; the other two got…
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Harvard University’s $56.9 billion endowment made its first foray into ether ETH$1,966.09 last quarter, even as it scaled back its exposure to bitcoin BTC$68,481.18. According to an SEC filing, the Harvard Management Company (HMC) bought almost 3.9 million shares of BlackRock’s iShares Ethereum Trust (ETHA), valued at around $86.8 million. The company also reduced its…
