Ukraine imposes sanctions on Russian financial, cryptocurrency schemes
Ukraine on July 6 imposed sanctions aimed at countering Russian financial schemes, including those involving cryptocurrency, President Volodymyr Zelensky announced in his evening address.
Restrictions were imposed on 60 legal entities and 73 Russian citizens.
The latest sanctions package includes Ukrainian-led initiatives and must also align with restrictions imposed by international partners,
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Read MoreCash in on money market funds
Money market funds are an efficient choice for those seeking low-risk, better-than-savings-account returns in a falling rate regime. These offer accrual income and capital gains and are more rewarding than savings accounts or short-term fixed deposits.
Money market funds invest in high-quality, short-duration instruments like treasury bills,
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Read MoreArbitrage funds gather traction amid volatility
Low-risk arbitrage funds have attracted significant inflows in April and May as investors found them attractive due to tax benefits as well as a safe-haven during market volatility.
In April, these funds saw inflows of Rs 11,790.37 crore and they improved further to hit a record high in May at Rs 15,701.97 crore,
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Read MoreGold (XAU/USD) Price Forecast: Sitting in Bullish Position
Bullish Sentiment Drives Breakout
The bull trend pattern got a lift on Tuesday as an uptrend line, a downtrend line, and the 50-Day MA were all broken through. Confirmation came with a daily close above all three lines. Resistance was seen around the 20-Day MA, which has continued since then along with a slightly higher price of $3,366.
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Read MoreFlagler County sheriff helps return money to victims of cryptocurrency scams
Flagler County Sheriff Rick Staly presented checks to two local victims of cryptocurrency scams last week.
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Read MoreThe Burst
Stanley’s Latest Bold Bet, Should You Follow?
Billionaire Stanley Druckenmiller has been shaking up his portfolio lately, selling his entire stake in NVIDIA and most of his Palantir shares in order to diversify into more value-oriented stocks.
One of the most interesting buys Druckenmiller has made has been a 1.43 million share stake in Teva Pharmaceutical Industries (NYSE:TEVA).
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Read MoreThe Ivy
Shopify’s Billion-Dollar Milestone: Is This a Golden Buying Opportunity?
Shopify (NYSE:SHOP) is an eCommerce platform, business services provider and payment processor that is used by millions of online merchants worldwide.
Like many tech companies, Shopify has seen its stock price tumble in recent weeks, with the stock’s 30-day losses currently sitting at 27.3%.
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Read MoreThe Spotlight
10 Billion Reasons To Own This Recession-Proof Stock
With concerns of an impending recession looming large and Goldman Sachs pivoting away from momentum stocks to value stocks, one stock that may fit the bill is Procter & Gamble.
Although the share price has been somewhat volatile subsequent to fiscal Q4 2024 earnings results, P&G bounced back nicely to make an assault on all-time highs.
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