Stock market

UOB and DBS enhance app security to combat rising malware scams

Singapore-based banks, United Overseas Bank (OTC:UOVEY) (UOB) and DBS, have announced the implementation of new security features in their banking apps in an effort to protect customers from malware-e

Binance and Mitsubishi UFJ Trust Bank to launch stablecoin in Japan

Binance Japan and Mitsubishi UFJ (NYSE:MUFG) Trust Bank (MUTB) (NYSE:MUFG) are partnering to create new stablecoins pegged to major currencies, including the Japanese Yen and the U.S. Dollar, accordin

DWF Labs increases stake in FRONT tokens, boosting token price and market cap

In a move that underscores the growing influence of decentralized finance (DeFi) aggregator platforms, DWF Labs recently acquired a significant stake in FRONT tokens. The investment, amounting to 699,

10-year Treasury yield hits 16-year high amid speculation on Federal Reserve's future rate decisions

Tuesday saw the 10-year Treasury yield surge to a new 16-year high of nearly 4.57%, influenced by speculation about the Federal Reserve's future rate decisions and comments from JPMorgan (NYSE:JPM)'s

Nvidia's market value soars as AI chip dominance bolsters growth

Nvidia (NASDAQ:NVDA), an industry leader in technology, has witnessed a notable surge in its market value over the past decade, driven primarily by its successful expansion beyond the realm of persona

Dow futures fall sharply; sentiment hit by hawkish Fed, rising yields

UK government secures deal for 100 million flu vaccines from CSL Seqirus

The UK government has entered into an agreement with CSL (OTC:CSLLY) Seqirus for the purchase of over 100 million doses of flu vaccines, in preparation for a potential future influenza outbreak. This

Alibaba's logistics arm, Cainiao, to file for Hong Kong IPO

Cainiao Network Technology Co, the logistics subsidiary of Alibaba (NYSE:BABA) Group Holding Ltd, is expected to file for its initial public offering (IPO) in Hong Kong as early as next week, accordin

South Korea to extend forex trading hours, simplify rules for foreign traders

South Korea is gearing up to implement substantial modifications to its foreign-exchange (forex) trading regulations with the aim of invigorating its money market, announced the Ministry of Economy an

Bitcoin Ordinals' creator proposes "Runes," an alternative to BRC-20 tokens

Casey Rodarmor, the inventor of Bitcoin Ordinals, recently proposed a new Bitcoin-based fungible token protocol named "Runes." The proposal aims to address the issues associated with the BRC-20 token

Bitcoin emerges as lifeline amid Lebanon's economic crisis

In the face of an unprecedented economic disaster, Bitcoin is playing a pivotal role in sustaining the Lebanese economy. The local currency has seen a massive 95% decline in value, leading to a comple

U.S. housing market rebounds with price gains in July and August

After a period of decline, the U.S. housing market has seen a positive shift in recent months, with home prices surpassing year-ago levels for the first time in five months in July, according to econo

European luxury stocks face decline amid warnings of slowing demand

European luxury stocks, including LVMH, Kering (EPA:PRTP), Richemont, and Burberry Group (OTC:BURBY) Plc, experienced a decline on Tuesday. This downturn follows a warning issued by Morgan Stanley (NY

Dimon warns of economic stress if Fed benchmark interest rates hit 7%

JPMorgan Chase&Co. (NYSE:JPM) CEO Jamie Dimon expressed concerns on Tuesday about the potential impact of a worst-case scenario where Federal Reserve benchmark interest rates could reach 7%, paired wi

Nasdaq 100 sees increasing short positions amid elevated interest rate concerns

Citigroup Inc (NYSE:C). strategists highlighted a growing trend of investors taking short positions in the Nasdaq 100 Index on Tuesday, a reflection of rising apprehension about the technology sector.

Crypto asset managers eye $650B growth, pending regulatory approval

Crypto asset managers, who currently oversee an estimated $50 billion, could potentially manage up to $650 billion within the next five years, according to a recent report by Bernstein Research. This

German government trims debt sales, signaling reduced financial aid

The German government has announced a reduction in its planned federal debt sales for Q4 2023, marking a significant decrease from its previously outlined plan. The cutback, which signals a decrease i

Tomato prices plummet in India due to surplus yield

In a sharp reversal of fortune, tomato farmers across India are grappling with significant losses as prices have plunged from around Rs 200 per kilogram to as low as Rs 3-5 per kilogram within a month

Bitcoin miners strategize for survival amid rising costs and upcoming halving

Bitcoin miners are devising diversification and hedging strategies in anticipation of the next Bitcoin halving event and the increasing volatility of digital assets, according to industry analyst Anth

ECB member calls for early review of pandemic bond-buying program

Gediminas Simkus, a member of the European Central Bank's (ECB) Governing Council and head of Lithuania's central bank, has urged for early discussions concerning possible changes to the pandemic bond