Posts in category Economic Times
Ackman’s Pershing Square raising $1 billion, eyeing IPO: Report (31-05-2024)
Billionaire Bill Ackman's hedge fund Pershing Square Capital Management is finalizing a roughly $1-billion funding round with institutional investors and family offices as well as eyeing an initial public offering (IPO) in the future, a source familiar with the matter said on Friday.
NSE launches Nifty500 Equal Weight index; base date April 1, 2005 (31-05-2024)
The index will serve as a benchmark for asset managers and a reference index for passive funds such as ETFs, index funds, and structured products, according to the release.
Annapurna Swadisht FY24 Results: Cons PAT surges 84% YOY to Rs 13.13 crore (31-05-2024)
The company’s consolidated revenue from operations increased by nearly 65.43% to Rs 264.97 crore during 2023-24, as against Rs 160.17 crore in 2022-23, a media release issued on Friday said.
Tether acquires $100 million stake in US-Listed bitcoin miner Bitdeer (31-05-2024)
The two firms entered into a subscription agreement for a private placement of 18.6 million Class A ordinary shares, Bitdeer said in a statement on Friday, which generated $100 million in gross proceeds. There was also a warrant to purchase up to five million in additional shares at $10 per share. The private placement closed on Thursday.
Crypto ‘re-staking’ platforms boom as traders chase bigger returns (31-05-2024)
More than $18 billion worth of cryptocurrency has moved into a new type of platform which offers investors rewards in exchange for locking up their tokens, in a complex scheme that analysts warn poses a risk for users and the crypto market.
Crypto ‘re-staking’ platforms boom as traders chase bigger returns (31-05-2024)
More than $18 billion worth of cryptocurrency has moved into a new type of platform which offers investors rewards in exchange for locking up their tokens, in a complex scheme that analysts warn poses a risk for users and the crypto market.
Dollar firms against peers ahead of inflation test (31-05-2024)
The dollar steadied against peer currencies on Friday after a downward revision to U.S. GDP for the first quarter suggested room for the Federal Reserve to cut interest rates this year, while investors braced for a key inflation report.
US equity funds hit by outflows on rising yields, rates uncertainty (31-05-2024)
U.S. equity funds saw outflows for the first time four weeks in the seven days ended May 29, hit by rising bond yields and uncertainty over the timing and extent of Federal Reserve interest rate cuts.
Gap surges 22% as apparel maker’s turnaround strategy starts to pay off (31-05-2024)
Shares of Gap climbed as much as 22% on Friday after the apparel retailer lifted its full-year sales forecast signaling that its turnaround strategy of bringing in newer styles is starting to work.
US stocks open slightly higher after inflation rises as expected (31-05-2024)
The Dow Jones Industrial Average rose 28.8 points, or 0.08%, at the open to 38,140.26.