financetom
News
World
Environment
Technology
Politics
Retail
Business
Economy
Market summary >
Editors' picks >
News >
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
Jan 15, 2024
  California's New Law: Turning Parking Lots into Affordable Housing   Introduction  In an effort to combat the ongoing homeless crisis, California has enacted a new law that allows religious institutions and nonprofit colleges to convert their parking lots and other properties into low-income housing.   The Law's Provisions  The law, signed by Governor Gavin Newsom, rezones land owned by religious institutions and nonprofit colleges...
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
Nov 29, 2023
The growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be paused for the Indian entity after a Reserve Bank of India (RBI) order.
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Nov 29, 2023
Six persons, including a 47-year-old woman, were injured in the incident. All of them were admitted to the nearby Shatabdi Hospital. They are being treated at the Out-patient Department (OPD) of the hospital and their condition is stable.
Trade Setup for November 30: Nifty set for best month of 2023 as record high in sight
Trade Setup for November 30: Nifty set for best month of 2023 as record high in sight
Nov 29, 2023
November has turned out to be the best month of the year so far for the Nifty, with the index gaining 5.5% so far ahead of Thursday's monthly F&O expiry.
World >
Market >
US Equity Indexes Rise as Fed Signals Rate-Hike Unlikely
US Equity Indexes Rise as Fed Signals Rate-Hike Unlikely
May 2, 2024
12:57 PM EDT, 05/02/2024 (MT Newswires) -- US equity indexes advanced Thursday as investors took solace in signals from the Federal Reserve that the next move in interest rates will unlikely be an increase. The S&P 500 rose 0.4% to 5,036.5, with the Nasdaq Composite up 0.8% to 15,723.4 and the Dow Jones Industrial Average 0.4% higher at 38,073.5 after...
US STOCKS SNAPSHOT-Wall St opens higher after Fed allays rate-hike worries
US STOCKS SNAPSHOT-Wall St opens higher after Fed allays rate-hike worries
May 2, 2024
May 2 (Reuters) - Wall Street's main indexes opened higher on Thursday, a day after the Federal Reserve left interest rates unchanged and allayed worries around potential rate hikes, with focus moving to a spate of earnings reports through the day. The Dow Jones Industrial Average rose 172.4 points, or 0.45%, at the open to 38,075.65. The S&P 500 rose...
US STOCKS-Wall Street rises as Fed rate-hike concerns alleviate
US STOCKS-Wall Street rises as Fed rate-hike concerns alleviate
May 2, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Qualcomm ( QCOM ) gains on upbeat Q3 forecast * DoorDash ( DASH ) slides after dour Q2 core profit forecast * Indexes up: Dow 0.18%, S&P 0.11%, Nasdaq 0.33% (Updated at 10:01 a.m. ET/1401 GMT) By Shristi Achar...
NYSE-parent ICE's profit rises on record surge in energy market volatility
NYSE-parent ICE's profit rises on record surge in energy market volatility
May 2, 2024
(Reuters) -Intercontinental Exchange ( ICE ) reported a rise in adjusted profit for the first quarter on Thursday as volumes hit a record on surge in energy markets trading. The conflict in the Middle East has resulted in a reshaping of the global commodities and energy markets, significantly raising volatility as investors assess the impact of shifting supply chains. Energy...
Environment >
Technology >
Nvidia supplier SK Hynix says on track to double high-end AI chip sales
Nvidia supplier SK Hynix says on track to double high-end AI chip sales
Jul 23, 2025
SEOUL, July 24 (Reuters) - South Korea's SK Hynix ( HXSCF ) posted on Thursday a record quarterly profit, driven by strong demand for advanced chips used in generative artificial intelligence chipsets and as some customers stockpiled semiconductors ahead of potential U.S. tariffs. SK Hynix ( HXSCF ) foresees that increasing competition among big tech companies to enhance inference of...
Brent crude oil rises amid the negative pressure- Analysis-24-07-2025
Brent crude oil rises amid the negative pressure- Analysis-24-07-2025
Jul 23, 2025
The (Brent) price rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), to notice reaching exaggerated overbought levels compared to the price move, to reach the resistance of EMA50, which forms intensive negative pressure on its upcoming trading, this comes amid its trading alongside a minor bearish trend line on the short-term...
Silver price gathers its gains -Analysis-24-07-2025
Silver price gathers its gains -Analysis-24-07-2025
Jul 23, 2025
The (silver) price declined in its last intraday trading, due to the stability of the critical resistance level at $39.10, gathering its previous rises and attempting to gain bullish momentum that might assist it to recover and breach this resistance, amid the continuation of the dynamic support that is represented by its trading above EMA50, forming a barrier that prevents...
Sales tax holidays can save you money on back-to-school shopping -- or on new clothes or a laptop for yourself
Sales tax holidays can save you money on back-to-school shopping -- or on new clothes or a laptop for yourself
Jul 23, 2025
Summer is winding down, and it's almost time for back-to-school shopping. If your state offers a sales tax holiday -- fewer than 20 states do this year -- you might be able to give your wallet a bit of a break. And that's true whether or not you have children: These sales-tax holidays can be a good time to buy...
Personal Finance >
Politics >
Retail >
Business >
Volvo Cars October sales rise 3% year-on-year
Volvo Cars October sales rise 3% year-on-year
Nov 4, 2024
COPENHAGEN (Reuters) -Volvo Cars' sales rose 3% year-on-year in October to 61,686 cars driven primarily by an increase in sales of electric and plug-in hybrid models in Europe, the Sweden-based automaker said on Monday. Volvo Cars, which is majority-owned by China's Geely Holding, said in a statement sales in Europe, its biggest market, were up 21% to 30,167 cars compared...
Kosmos Energy Q3 Adjusted Earnings, Revenue Decline
Kosmos Energy Q3 Adjusted Earnings, Revenue Decline
Nov 4, 2024
03:18 AM EST, 11/04/2024 (MT Newswires) -- Kosmos Energy ( KOS ) reported Q3 adjusted net income Monday of $0.08 per diluted share, down from $0.26 a year earlier. Analysts polled by Capital IQ expected $0.08 per share. Revenue for the quarter ended Sept. 30 was $407.8 million, down from $526.5 million a year earlier. Analysts polled by Capital IQ...
Verona Pharma's Q3 Loss Widens
Verona Pharma's Q3 Loss Widens
Nov 4, 2024
03:22 AM EST, 11/04/2024 (MT Newswires) -- Verona Pharma ( VRNA ) reported a Q3 loss Monday of $0.07 per diluted share, wider than the loss of $0.02 a year earlier. Analysts surveyed by Capital IQ expected a loss of $0.32 per share. Revenue for the quarter ended Sept. 30 was $5.6 million. The company did not report any revenue...
EU antitrust regulators to rule on Novo's Catalent buy by Dec. 6
EU antitrust regulators to rule on Novo's Catalent buy by Dec. 6
Nov 4, 2024
BRUSSELS/LONDON (Reuters) -EU antitrust regulators will decide by Dec. 6 whether to clear Novo Holdings' acquisition of contract drug manufacturer Catalent ( CTLT ), according to a filing on the European Commission website on Monday. The controlling shareholder of Novo Nordisk put in a request for EU approval for the deal on Oct. 31, the filing showed. The EU antitrust...
Economy >
Cryptocurrency >
Bitcoin Recovers From a Dip to $57K, FLOKI Dumps 5% Daily (Market Watch)
Bitcoin Recovers From a Dip to $57K, FLOKI Dumps 5% Daily (Market Watch)
Sep 2, 2024
Bitcoins price actions took another turn for the worse in the past 24 hours as the asset slumped to a 2-week low of $57,100. Most altcoins are also in the red on a daily scale, with TON, DOGE, and ADA dropping by 2-4%. BTC Sees $57K Drop Its safe to say that bitcoins latest price actions have been quite underwhelming....
London Man Becomes the First in UK to Face Charges for Operating Unregistered Bitcoin ATM
London Man Becomes the First in UK to Face Charges for Operating Unregistered Bitcoin ATM
Sep 1, 2024
A London resident has become the first person in the UK to be charged with operating a Bitcoin ATM without proper registration. Habibur Rahman, 37, of Langdon Crescent, East Ham, was arrested on April 28, 2023, following a raid by Kent Police at a gadget shop in Chatham. Medway Trader Faces Charges for Laundering £300,000 According to the law enforcement...
How Will Crypto Markets React to This Week’s Key Jobs Data? 
How Will Crypto Markets React to This Week’s Key Jobs Data? 
Sep 2, 2024
Meanwhile, crypto assets continue to decline in what has been a divergence from tech stock markets, which continue to see growth. Last week’s economic reports painted a rosy picture of a robust economy, resilient consumer spending, and gradually cooling inflation. This is the fuel for the Federal Reserve to ease its monetary policy, with investors looking for a rate cut...
Blockchain Can Ease the Pain of Modern Payments: Binance Research
Blockchain Can Ease the Pain of Modern Payments: Binance Research
Sep 1, 2024
Over the last five decades, the payments industry has grown into one of the largest and fastest-growing sectors in the world. However, it faces one issue the sector still runs on 50-year-old technology rails that become more inefficient as time passes. A report from Binance Research, the research division of Binance, the world’s largest crypto exchange, highlights that blockchains, distributed...
Forex >
Copyright 2023-2025 - www.financetom.com All Rights Reserved