From the bustling days of open outcry—where traders and brokers shouted buy and sell orders on the trading floor—to today’s seamless “click-and-transact” mobile platforms, equity trading and investment have evolved significantly in India and across the world. Now, like many industries, equity investing is being reshaped by artificial intelligence—one model at a time. With the… Continue reading Interview: AI for stocks is like giving investors an Iron Man suit, says Bruce Keith of InvestorAi
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Record-high gold prices keep Indian investors hooked—what’s next?
India’s retail demand for gold jewelry has been significantly impacted by the surge in gold prices to new all-time highs since the beginning of the year, the World Gold Council said. Despite record-high prices putting pressure on jewelry demand, interest in gold investment is expected to stay strong, the council said. “The financial year-end dynamics,… Continue reading Record-high gold prices keep Indian investors hooked—what’s next?
Standard Chartered to repurchase $1.5B in shares after reporting 18% profit surge
Standard Chartered announced a $1.5 billion share buyback on Friday alongside an upgraded earnings target, following an 18% surge in annual profit, Reuters reported. The bank attributed the strong performance to record growth in its wealth management division and robust market activity. The London-based lender reported a pre-tax profit of $6 billion for 2024, marking… Continue reading Standard Chartered to repurchase $1.5B in shares after reporting 18% profit surge
Bitcoin surges to $98,000, Solana and Ethereum rise while XRP slides
The cryptocurrency market saw mixed movements on February 21, with Bitcoin (BTC) crossing the $98,000 mark, while Ethereum (ETH) and Solana (SOL) posted modest gains. The total global crypto market capitalization stood at $3.23 trillion, rising nearly 1% from the previous day. Meanwhile, total market volume surged by 8% to $90.13 billion, highlighting heightened trading… Continue reading Bitcoin surges to $98,000, Solana and Ethereum rise while XRP slides
Meta executives eligible for 200% salary bonus under new pay structure
Meta executives are set to receive significantly larger bonuses this year, even as the company implements layoffs affecting 5% of its workforce. According to a corporate filing on Thursday, Meta’s board approved an increase in the target bonus percentage for its executive compensation plan. Under the new structure, top executives can earn up to 200%… Continue reading Meta executives eligible for 200% salary bonus under new pay structure
Alibaba shares surge 11% in Hong Kong as strong earnings fuel China’s e-commerce rebound
Alibaba shares soared in Hong Kong on Friday, climbing as much as 11% after the Chinese tech giant reported robust quarterly earnings. The strong performance was driven by growth in its cloud intelligence and e-commerce segments, signaling a broader recovery in China’s digital economy. The stock was last trading 9.18% higher, reflecting investor confidence in… Continue reading Alibaba shares surge 11% in Hong Kong as strong earnings fuel China’s e-commerce rebound
Musk’s X reportedly in funding talks at $44B valuation—the price he paid for Twitter
Elon Musk’s social media company, X, is in discussions to raise new funding at a $44 billion valuation—the same price Musk paid when acquiring the platform, formerly known as Twitter, in 2022, as per a Bloomberg report. If successful, the funding round would mark a turnaround for X after Musk’s overhaul led to an exodus… Continue reading Musk’s X reportedly in funding talks at $44B valuation—the price he paid for Twitter
Nikola files for chapter 11 bankruptcy as cash flow issues, weak demand for vehicles take a toll
Nikola Corp., once hailed as a rising star in the electric vehicle industry, has filed for Chapter 11 bankruptcy protection, marking the end of a dramatic rise and fall. The company, which once boasted a market valuation higher than Ford’s, failed to secure additional funding or find a buyer to keep its operations afloat. On… Continue reading Nikola files for chapter 11 bankruptcy as cash flow issues, weak demand for vehicles take a toll
Why WGC expects China’s gold bar and coin demand to remain strong?
The World Gold Council expects bar and coin demand in China to stay strong even as high gold prices may negatively impact gold jewelry sales, despite consumer spending remaining relatively stable. In the long run, a pilot program that permits Chinese insurers to purchase physical gold should further bolster investment demand, the council said in… Continue reading Why WGC expects China’s gold bar and coin demand to remain strong?