A research report singing the praises of the cryptocurrency mining sector was a key impetus behind Riot Platforms‘ (RIOT 5.12%) rise over the past few stock trading sessions. The Bitcoin (CRYPTO: BTC) specialist’s shares were enjoying a nearly 11% lift week to date as of Friday before market open as a result,
» Read more about: Why the Market Was so Thrilled With Riot Platforms Stock This Week »
Shares of Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), known for its Google subsidiary, are up an impressive 34% in the past year and currently trading just a few points from their all-time high.
» Read more about: Where Will Alphabet Stock Be in 1 Year? »
Stock market crash: Indian stocks came under significant selling pressure in Friday’s trading session, January 17, driven by a sharp sell-off in banking and IT counters, which caused the frontline indices to end the session lower, breaking their 3-day winning streak.
The sell-off could have been more severe if heavyweights such as Reliance Industries and ITC had not supported the markets,
» Read more about: Why did Indian stock market fall today? Explained with five crucial reasons »
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary,
Cryptocurrency wallet provider Phantom Technologies Inc. has raised $150 million in a new funding at a $3 billion valuation.
The Series C round was led by Sequoia Capital and Paradigm. Andreessen Horowitz’s a16z crypto venture capital arm and Variant also participated in the round,
» Read more about: Phantom cryptocurrency wallet raises $150M at $3B valuation »
MUTUAL FUND BRIEFING – DECEMBER 2024
The month of December 2024 saw overall mutual fund AUM contract to ₹66.93 Trillion. December was almost a repeat of October when the sharp correction in the markets led to contraction in AUM. December 2024 also saw sharp outflows from debt funds, which is normal considering quarter end treasury commitments.
» Read more about: Key mutual fund trends observed in December 2024 »
The market regulator has asked mutual funds to disclose Information Ratio (IR) to capture the risk-adjusted return (RAR) ratio of any scheme or portfolio.
This will be applicable only to equity-oriented schemes.
The U.S. economy is on track to grow faster this year than previously expected, the International Monetary Fund said on Friday, citing strength in the labor market and an acceleration in investment.
The I.M.F. projects 2.7 percent U.S. economic growth in 2025 in its latest World Economic Outlook report,
» Read more about: I.M.F. Raises U.S. Economic Forecast as Other Regions Lag »
The S&P 500’s energy sector is on a tear lately, with an exchange-traded fund targeting stocks in that part of the market on pace for its best week since 2023.
The Energy Select Sector SPDR Fund was up 1% in early afternoon trading Friday, on pace for an eighth straight day of gains,
» Read more about: Energy ETF on pace for longest winning streak since 2023 »