The cryptocurrency industry spent $135 million in the 2024 election cycle, backing over 50 candidates, all of whom won. The industry’s biggest bet was in Ohio, where it helped Republican Bernie Moreno defeat Democrat Sherrod Brown, signaling anti-crypto risks.
Posts in category Economic Times
US stocks open flat as rally from Trump win, rate cut cools (08-11-2024)
Wall Street opened on a muted note on Friday, as a rally powered by a sweeping Trump win and an expected interest-rate cut paused, with the main stocks indexes set for strong weekly gains.
BlockDAG hits 200K miners on the X1 app! What’s next as Bitcoin cash targets $400 and Polkadot plans for a 2025 breakout? (08-11-2024)
BlockDAG(BDAG) has achieved a significant milestone by reaching over 200,000 active miners on its X1 Miner App. This milestone is a testament to BlockDAG’s innovative approach to making cryptocurrency mining both accessible and profitable for a broad audience.
Asian Paints Q2 Preview: Weak demand to drag revenue, profit lower (08-11-2024)
Revenue from operations in the second quarter is expected to decline slightly by 0.2% year-on-year, based on an average of four brokerage estimates. Net profit is projected to decrease by 7% year-on-year, with operating margins and profit also likely to fall due to negative operating leverage and rising costs amid increased competition.
Fortis Healthcare Q2 Results: Net profit rises 5% YoY to Rs 193 crore (08-11-2024)
Fortis Healthcare on Friday said its consolidated net profit increased by 5 per cent year on year to Rs 193 crore for the second quarter ended September 30, 2024, aided by strong performance by the hospital segment.
Shipping Corp Q2 Results: Net profit jumps multi-fold to Rs 291 crore (08-11-2024)
Disinvestment-bound Shipping Corporation of India Ltd (SCI) on Friday reported a multi-fold rise in its consolidated net profit to Rs 291.44 crore for the second quarter ended September 2024.
Rupee hits intraday low of 84.38 vs US dollar, logs worst weekly fall since May (08-11-2024)
The Indian rupee hit a record low of 84.38 per dollar intraday on Friday but closed at 84.375, largely unchanged, due to RBI intervention. It fell 0.66% during the week, impacted by rising US dollar strength following Trump’s election win.
These 5 stocks saw significant sales growth YoY in September quarte (08-11-2024)
An analysis of the Nifty 200 index reveals five companies that achieved over 50% year-over-year sales growth in the June 2024 quarter, indicating robust business expansion:
NSE wants to launch IPO not for share price discovery but for transparency sake (08-11-2024)
The NSE IPO has experienced delays since it initially filed its draft red herring prospectus (DRHP) in 2016. This was met with objections due to the co-location scam, where certain brokers gained an unfair advantage by obtaining faster access to NSE’s systems, data, and trading facilities, disadvantaging the broader market.
Gold rises Rs 500; silver jumps Rs 800 amid wedding festivities (08-11-2024)
Gold prices rose Rs 500 to reclaim the Rs 80,000 mark in the national capital on Friday amid fresh buying by local jewellers and retailers for the wedding festivities, according to the All India Sarafa Association.