The Supreme Court has orally questioned why no regulatory framework has been brought in to govern cryptocurrency, suggesting that banning it outright may not be a wise option for the economy.
A Bench of Justice Surya Kant and Justice NK Singh noted that while no one is suggesting a complete halt to cryptocurrencies,
Prior to investing in a mutual fund scheme, it is advisable for investors to check the past returns of that scheme and compare the same against other schemes in the same category.
To make a well-rounded decision of whether to invest or not in a mutual fund scheme – it is recommended to assess the past few years’
WASHINGTON
The rising debt burden in the US is fueling economic concerns, as Washington’s national debt is expected to affect wages, employment, investments, and the economic growth of the country.
Rating agency Moody’s downgraded the US’ credit rating from Aaa to Aa1, citing the rise in public debt and interest payments.
» Read more about: US’ mounting debt burden fuels national economic concerns »
Bitcoin (BTC-USD) gained 2% to trade above the $104,000 level as a crypto industry push for stablecoin legislation cleared a key hurdle on Monday night.
Cryptocurrencies rose broadly after a bill to regulate stablecoins passed a procedural vote in the Senate.
Capital One has agreed to a $425 million settlement in a multi-state lawsuit over misleading interest rates on their “360 Savings Accounts.” While the bank denies any wrongdoing, $300 million will compensate depositors for lost interest, with remaining funds going to current account holders.
» Read more about: Capital One Settles for $425 Million Over False Interest Rate Promises »
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» Read more about: NASDAQ Index, SP500, Dow Jones Forecasts – US Indices Continue to See Strength »
Bitcoin (BTC-USD) gained 2% to trade above the $104,000 level as a crypto industry push for stablecoin legislation cleared a key hurdle on Monday night.
Cryptocurrencies rose broadly after a bill to regulate stablecoins passed a procedural vote in the Senate.
A Target logo is seen at a store. (Photo by Yichuan Cao/NurPhoto via Getty Images)
NurPhoto via Getty Images
Target (NYSE: TGT) is set to announce its fiscal first-quarter earnings on Wednesday, May 21, 2025, with analysts forecasting earnings of $1.70 per share on $24.4 billion in revenue.
» Read more about: How Will Target's Stock React To Its Upcoming Earnings? »
The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Tuesday amid positive global cues.
The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 25,083.50 level, a premium of nearly 107 points from the Nifty futures’ previous close.
Banks, non-bank lenders and financial institutions may get to invest up to 10% in the corpus of alternate investment fund (AIF) schemes, in a relief for the sector that faced a central bank clampdown in December, 2023.
There will be no restriction on regulated entities (REs) such as banks for investing up to 5% in the AIF scheme’s corpus,
» Read more about: Bank, NBFC investments in AIFs may get smoother »