JPMorgan Chase has joined a growing group of traditional financial firms bringing blockchain technology to mainstream investment products, unveiling its first tokenized money-market fund on the Ethereum network. The move, reported by The Wall Street Journal, comes as Wall Street deepens its push into tokenization following new US legislation that clarified the regulatory framework for
Juventus Football Club shares rose sharply after Exor, the Agnelli family’s holding company, rejected an unsolicited takeover proposal from cryptocurrency issuer Tether, underscoring growing financial-sector interest in elite European football clubs. Shares in the Turin-based club climbed 13% in European morning trading on Monday, recovering some of their losses earlier in the year. Despite the
Japan’s biggest banks are accelerating their push into India, with Mitsubishi UFJ Financial Group Inc. moving closer to a minority investment in Shriram Finance Ltd, as per a Bloomberg exclusive. The potential transaction reflects rising foreign interest in India’s fast-growing credit market, particularly among lenders looking to tap demand beyond traditional corporate banking. As competition
As McKinsey & Co. marked its 100th anniversary with fanfare in Chicago, the consulting firm’s leadership struck a confident public tone about its future. Yet behind the scenes, executives have been delivering a more restrained message: the firm needs to become leaner after several years of flat growth. At the late-October gathering of partners in
The S&P 500 Index and VOO ETF dropped sharply on Friday as investors reacted to the latest earnings by top companies like Broadcast and Oracle, which sent jitters on the booming artificial intelligence (AI) industry. The index pulled back to $6,625, down from the year-to-date high of $6,922. This article explores some of the top
Spain has intensified its campaign against short-term holiday rentals by fining Airbnb €64 million for advertising unlicensed tourist homes. The penalty, announced by the Consumer Rights Ministry on Monday, as reported by Reuters, places one of the world’s largest vacation rental platforms at the centre of Spain’s widening effort to rein in illegal listings. Authorities
The Nasdaq 100 Index and its top ETFs like QQQ, QQQM, and JEPQ suffered a harsh reversal last week as jitters on the ongoing artificial intelligence (AI) boom continued. It dropped to a low of $25,195, down sharply from the year-to-date high of $26,143. This article explores some of the top catalysts for the index
India’s merchandise exports surged 19.37% year-on-year in November to reach $38.13 billion, the highest level in a decade. The whopping figure comes even as US tariffs remain punitive. The sharp rebound reversed October’s decline and compressed the nation’s trade deficit to $24.53 billion from a record $41.68 billion. Exports to the United States climbed 21%
The EUR/USD exchange rate held steady in the past few months, a trend that may continue in the coming months as top analysts predict a return to US dollar slide amid a divergence between the Federal Reserve and the European Central (ECB). It was trading at 1.1740, much higher than last month’s low of 1.1463.
Silver has dramatically outperformed gold this year, with prices surging by nearly 100% as of early December. The rally has been marked by sharp swings, driven by shifting economic signals and evolving trade tariff policies, and with high uncertainty persisting, ING Group anticipates further market volatility. The recent strength of silver is attributable to several