Business News
Steel demand robust on infra spending; to rise 11% in FY25 irrespective of Lok Sabha election outcome: S&P Global
livemint.com - 28 May 2024 15:33
Irrespective of the Lok Sabha election results, the spending on infrastructure, which accounts for 25 per cent-30 per cent of steel demand, is expected to go up to 11 per cent year-on-year in fiscal year 2024-2025 (April...
OpenAI begins training new frontier model -- but GPT-5 won't come for at least 90 days
Venture Beat - 28 May 2024 15:50
OpenAI's board of directors, many of which are now on the new Safety and Security Committee, has been a source of controversy before.
Do 'functional' drinks really work?
Business Insider - 28 May 2024 18:09Sales in UK shops bounce back as inflation slows
The Guardian - 28 May 2024 16:41
CBI data for May suggests slowdown in price growth is encouraging shoppers in Britain to buy more Sales in British shops have bounced back in May, according to retail data that suggests slowing inflation is encouraging c...
Magic of compounding: A monthly SIP of 10K in this mutual fund since inception would have grown to ₹1.76 crore
livemint.com - 28 May 2024 15:51
HSBC Midcap fund was launched on Aug 9, 2004 and has an AUM of ₹10,739 crore. Its benchmark index is NIFTY Midcap 150 TRI
Former Mt. Gox CEO Mark Karpelès Assures No Imminent Bitcoin Sale, 'Everything Is Fine'
Bitcoin.com - 28 May 2024 11:47
In a social media post, Mark Karpelès, the former CEO of the now-defunct cryptocurrency exchange Mt. Gox, provided a status update on the recent situation. He assured followers that “everything is fine with MtGox” a...
A group of emerging nations could soon start knocking down one key pillar of dollar dominance
Business Insider - 28 May 2024 09:08Analyst Predicts 'Prolonged and Substantial Gold Bull Market' -- Eyes $7,000 Price
Bitcoin.com - 28 May 2024 00:31
Adam Rozencwajg of Goehring and Rozencwajg, a fundamental research firm specializing in contrarian natural resource investments, forecasts a sustained bull market for gold, driven by increasing geopolitical tensions, cen...
No-buy challenge tips: Know your vulnerabilities and be careful on social media, experts say
Fast Company - 28 May 2024 21:00
Thinking of what you would be better off living without? The rules of a no-buy challenge are self-imposed and simple: Make a list of the non-essential items you won’t spend money on for a set period of time and stick t...
I.R.S. Failed to Police Puerto Rico Tax Break, Whistle-Blower Says
The New York Times - 28 May 2024 17:00
An insider accused the agency of failing to scrutinize a lucrative tax break in Puerto Rico designed to lure wealthy Americans to the island.
Boohoo backtracks on plan to pay bosses £1m bonuses
The Guardian - 28 May 2024 16:52
Shareholders complained about payouts amid missed bonus targets on sales, profits and IT aims The online fashion specialist Boohoo has backtracked on a plan to pay three top executives £1m each in bonuses despite report...
U.S. Cellular enters $4.4 billion deal to sell T-Mobile its wireless operations
Market Watch - 28 May 2024 16:517 US tech billionaires have seen a $230 billion surge in wealth this year as stocks soar on the promise of AI revolution
Business Insider - 28 May 2024 16:31U.S. consumer confidence rebounds in May after three months of decline
Market Watch - 28 May 2024 16:25Saudi Arabia is reportedly trying to plug a $21 billion deficit by selling bonds
Business Insider - 28 May 2024 16:24
Riyadh is pressing ahead with massive spending projects as part of its Vision 2030 economic transformation plan that includes the Neom megaproject.
Melinda French Gates to donate $1 billion to these women and girls organizations
Fast Company - 28 May 2024 16:00
$250 million is to be awarded to organizations working to improve women's mental and physical health worldwide. Melinda French Gates announced Tuesday that she plans to donate $1 billion over the next two years to organi...
Creative Agency Prompts AI to Make the Technology More Inclusive
AdWeek - 28 May 2024 15:00
Artificial intelligence is only as good as its prompts and its learning, which is why many creatives are wary of using it for campaigns. AI is also bad at representing inclusion and diversity in its images. A new campaig...
Weight-loss drug sales could skyrocket to $150 billion. Here's how
Fast Company - 28 May 2024 13:17
Just last year, sales estimates were in the $100 billion range. As millions seek access to weight-loss drugs from Novo Nordisk and Eli Lilly, increasing supplies, possible wider usage and a growing number of would-be riv...
Memecoins dominate crypto open interest charts taking 4 out of top 10 spots
Coin Telegraph - 28 May 2024 11:17
Open Interest refers to the total amount of pending derivative contracts that have not yet been settled. In a futures contract, for every seller, a buyer is required to settle the contract.
Rihanna just sold this stunning Los Angeles penthouse. The asking price? $25 million.
Market Watch - 28 May 2024 11:04Microstrategy's Michael Saylor States Spot Ether ETF Approval 'May Be Better for Bitcoin'
Bitcoin.com - 28 May 2024 03:37
Michael Saylor, Executive Chairman of Microstrategy, stated that the approval of several spot ether ETF proposals by the U.S. SEC might be good for Bitcoin. In “What Bitcoin Did,” Peter McCormack’s podcast, Saylor ...
A mountain of renewable assets is looking for buyers
livemint.com - 28 May 2024 03:30
More than 20 renewable assets are in the market to raise capital, but not all will manage to find investors due to oversupply and valuation mismatches. ReNew Energy, Macquarie Group's Stride, Ayana Renewable, Fortum and ...