Dollar climbs for the week, cyber outage unsettles investors (20-07-2024)
CrowdStrike's cyber outage impacted banks and airlines, raising the dollar index amid volatility. US economic data, Fed rate cut speculations, and Europe’s steady rates influenced currencies. Yen fluctuated due to BoJ interventions, UK retail sales drop, and Japanese inflation. Bitcoin and Ethereum gained. CME's FedWatch Tool aided market predictions. Analyst Michael Brown commented.
US stocks end volatile session lower in aftermath of global tech outage (20-07-2024)
A Crowdstrike software glitch caused U.S. stock declines Friday. Dow Jones, Nasdaq, S&P 500 dropped amid high volatility. Nvidia, Philadelphia SE Semiconductor Index fell. Fed targets 2% inflation. Russell 2000 declined. Strong second-quarter earnings; Tesla, Alphabet next week. Eli Lilly, Intuitive Surgical, SLB rose. Travelers, Netflix fell. Negative weekly performance. Volume down, investor anxiety up.
Sebi Cracks Whip At Finfluencers (20-07-2024)
Sebi's mandate restraining mutual funds, stock brokers, and other intermediaries from associating with finfluencers who do not come under the Sebi ambit will impact the earnings of finfluencers through sponsorships, tie-ups, or referral links, as these may dry up due to the restrictions.
European stocks slip, global IT outage causes chaos (20-07-2024)
European shares declined due to global uncertainty, including Sino-U.S. tensions, Japanese forex intervention, tech sell-off, and U.S. airlines' communication issues. Asian markets, dollar, oil, gold prices, ECB decision, Chinese data, real estate index, British retail sales, Tokyo intervention, and strong U.S. data affected sentiment. Experts Matt Simpson and Vishnu Varathan provided analysis.
Asia stocks slump on tech rout contagion, global uncertainty (20-07-2024)
Asian shares dropped, with the MSCI Asia-Pacific index falling 1.56% and Nikkei seeing significant declines. Tech stocks, oil prices, and gold also dipped amidst Tokyo's intervention, mixed futures for S&P 500 and Nasdaq. ECB held rates, U.S. data, weak Chinese property sector, yuan weakness, and core inflation affected markets. Brent crude at $84.72.
Tata Play FY24 results: Net loss widens to Rs 353.9 crore, revenue dips 4.3% (20-07-2024)
Tata Play, previously known as Tata Sky, reported a widened loss of Rs 353.9 crore with a 4.32% decline in revenue. Plans for an IPO were delayed due to regulatory issues. The company's financial performance in FY24 shows a challenging year.
“Reality of hatred for Indian Muslims” says Owaisi on ID card rule for shops on Kanwar Yatra route (20-07-2024)
AIMIM President Asaduddin Owaisi criticized the Uttar Pradesh government's directive for food shops on the Kanwar Yatra route to display ID cards, calling it reflective of hatred towards Muslims. Opposition leaders, including Kapil Sibal and Brinda Karat, also condemned the move, comparing it to Nazi practices. BJP leaders defended the directive, emphasizing public security and harmony.