US President Donald Trump sued media magnate Rupert Murdoch and The Wall Street Journal on Friday for at least US$10 billion over the publication of a bombshell report on his friendship with the infamous alleged sex trafficker of underage girls, Jeffrey Epstein.
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The lawsuit filed in Miami federal court names Murdoch,
Jack Dorsey’s Block Inc. is set to join the S&P 500 index, a milestone that underscores the growing influence of digital payments and crypto in mainstream finance.
The fintech firm will replace Hess Corp. in the benchmark, following Chevron Corp.’s $53 billion acquisition of the energy producer.
The changes will go into effect prior to the start of trading on July 23,
» Read more about: Jack Dorsey’s Crypto Payments Platform Block Set To Join S&P 500 Index »
SoFi Technologies (SOFI -1.22%) plays a leading role in the financial technology (fintech) space right now, with the company’s laundry list of financial services ranging from savings accounts and loans to even crypto trading.
The company’s early moves into fintech and its ability to expand its services and customer base have made its stock a must-have among many investors,
» Read more about: Could Buying SoFi Stock Today Set You Up for Life? »
Firing fresh salvo at Anil Agarwal-run Vedanta Group, US short-seller firm Viceroy Research said in its latest report that Vedanta Semiconductors is a ‘sham’ commodities trading operation designed to improperly avoid classification as a non-banking financial company (NBFC).
According to Viceroy, “We believe that Vedanta Limited (VEDL) subsidiary, Vedanta Semiconductors Private Limited (VSPL),
» Read more about: Viceroy Research Alleges Vedanta Semiconductors Is A ‘Sham’ Trading Front »
Bitcoin and Ethereum have performed very differently this year.
Bitcoin has continued to reach new all-time highs.
Investors are looking for growth opportunities beyond share buybacks and dividend payments from Apple.
More than 20 years ago, the world was introduced to a portable device that changed music consumption forever. Not long after, the way people communicate was completely revolutionized by way of a next-generation smartphone. From the iPod to the iPhone,
The Wealth Company Asset Management, part of the Pantomath Group, has received the final approval from SEBI to launch its mutual fund business. With this, The Wealth Company formally entered the Rs 74.41 lakh crore mutual fund industry.
The Wealth Company Mutual Fund said it would bring a unique proposition to the market,
» Read more about: The Wealth Company receives SEBI nod for mutual fund business »
With the traditional route of accessing international markets via domestic mutual funds largely shut due to regulatory caps, distributors—specifically, mutual fund distributors and independent financial advisers—are eyeing GIFT City-based outbound funds as a viable alternative.
This bottleneck with the mutual fund route, however, has led to inflated premiums on older global exchange traded fund offerings,
» Read more about: Financial distributors turn to GIFT City for outbound funds. But few can enter. »
Past clues point to the Vanguard S&P 500 ETF being Buffett’s favorite exchange-traded fund.
The legendary investor isn’t buying his favorite ETF because of a dangerously high valuation.
» Read more about: The Glaring Reason Why Warren Buffett Isn't Buying His Favorite ETF Right Now »
