Stock market

XRP Ledger surpasses 2.6 billion transactions, outperforming Bitcoin and Ethereum

The XRP Ledger (XRPL), operated by Ripple, has surpassed a significant milestone, reaching over 2.6 billion total transactions. This was revealed by Marcus Infranger, Vice President of RippleX Growth,

Evergrande shares plummet after developer says it is not able to issue new debt

Investing.com -- Shares in Evergrande (HK:3333) shed more than a fifth of their value on Monday after the embattled Chinese property developer announced that it would be unable to issue new debt.

Holmarc Opto-Mechatronics debuts strong on NSE SME, shares locked at upper circuit

Holmarc Opto-Mechatronics Limited, a manufacturer of scientific and engineering instruments, saw its shares list at a premium on the NSE SME on Monday. The company's share price debuted at ₹65.25 pe

Cryptocurrencies waver as investors await Federal Reserve decisions

Cryptocurrencies, including Bitcoin and Ether, experienced a downturn on Monday. Bitcoin fell 2% to below $26,100, nearing the $26,000 mark that has served as a supportive bottom limit for more than a

Amazon, Warner Bros, and Dow rise premarket; Nio, Nike, HP fall

Investing.com -- U.S. futures edged lower Monday, with investors still reeling from last week’s hawkish Federal Reserve meeting, while a U.S. government shutdown draws nearer.

Hollywood writers reach tentative deal with studios to end strikes

Investing.com -- The union representing Hollywood writers, as well as major studios and streaming services announced on Sunday that they hashed out a tentative deal to end a monthslong strike.

Oracle rolls out generative AI services and updates at CloudWorld 2023

At the annual CloudWorld conference held in Las Vegas last week, Oracle Corporation (NYSE:ORCL) introduced a range of products and updates centered around generative AI, a technology that co-founder a

Tata Consultancy Services expands partnership with Standard Bank Group for securities settlement operations

On Monday, Tata Consultancy Services (NS:TCS) (BSE: 532540, NSE: TCS) announced the expansion of its 25-year strategic partnership with the Standard Bank Group (SBG), Africa's largest custodian. TCS w

Pakistan's economic crisis deepens, World Bank urges tax reforms

The World Bank has raised serious concerns over Pakistan's escalating economic crisis, with the poverty rate in the country having surged to 39.4% as of the last fiscal year. This marks an increase fr

Crimson Tide shares dip amid client's administration woes, optimistic outlook persists

On Monday, shares of software development firm Crimson Tide fell by 15% in early trading hours, following the announcement that one of its clients is entering administration. The news has raised conce

Final week of September 2023 sees flurry of IPOs from SMEs

The final week of September, starting Monday, is set to witness a surge in Initial Public Offerings (IPOs) from several Main and Small Medium-Sized Enterprises (SME) companies on the stock market. Thi

Amazon to invest up to $4 billion in Anthropic amid AI arms race

Investing.com -- Amazon (NASDAQ:AMZN) said on Monday that it is aiming to invest up to $4 billion in artificial intelligence group Anthropic, as the tech giant looks to bolster its position in the cor

Fed rate hikes lead to lower inflation, steady unemployment

The Federal Reserve's consistent increase in its benchmark rate has led to a significant decrease in inflation and maintained a steady unemployment rate, contrary to economists' previous predictions o

Amazon invests $4 billion in AI startup Anthropic, acquires minority stake

In an attempt to stay competitive in the rapidly growing artificial intelligence (AI) sector, Amazon (NASDAQ:AMZN) has announced a substantial investment in AI startup Anthropic. The tech giant is set

Dow futures slip marginally lower; hawkish Fed, budget woes weigh

IMF merges first and second reviews of Egypt's economic reform program

Egypt has agreed with the International Monetary Fund (IMF) to merge the first and second reviews of its economic reform program, following delays in the first review due to questions over the country

Ethereum co-founder Buterin's wallet sees high-profile transfers totaling over $3.9 million

Ethereum co-founder Vitalik Buterin's wallet has been involved in a series of high-profile transactions throughout September 2023, amounting to over $3.9 million, according to blockchain analytics pla

IPO market boom continues with 72 companies launching this year

The Initial Public Offering (IPO) market remains vibrant as 72 companies, including 28 mainboards and 44 Small and Medium Enterprises (SMEs), have launched their issues in 2023. The surge is attribute

Ecopro Materials eyes $498 million in potentially largest South Korean IPO since early 2022

South Korea's Ecopro Materials, a battery materials producer, is gearing up for what could be the country's largest initial public offering (IPO) since early 2022. The company announced on Monday its

Pound slips amid U.K. service sector contraction, U.S. Dollar fluctuates with market mood

The Pound (GBP) experienced further losses on Friday, rounding off a challenging week marked by a deepening contraction in the U.K.'s service sector activity, according to the latest survey. This deve