Robinhood’s Chief on Trump Accounts and Why Trading Isn’t Necessarily Gambling
Vlad Tenev, the chief executive of the digital brokerage Robinhood, is trying to win over the next generation of Americans with Trump accounts. Source link
Business
Read More
World Cup Final Drives Billions in Bets on Kalshi and Polymarket
The soccer tournament has helped propel the prediction markets to new user records, creating what may be the largest gambling event in history. Source link
New money? India’s currency might soon get a plastic makeover
India’s banknotes may soon get a plastic makeover.The country is moving ahead with its plans to explore polymer banknotes as the Reserve Bank of India‘s currency printing subsidiary has invited global and domestic manufacturers to bid for the specialised material needed to print such notes. Initially, the notes are likely to be in the lower…
Smartphone sales decline 10% in Q1, biggest in 3 years
NEW DELHI: India’s smartphone shipments (sales) declined 10% year-on-year in the June quarter, the sharpest quarterly decline in three years since the January-March period of 2023. The impact was most severe in the mass-market segment, where sales of smartphones priced below Rs 15,000 plunged 45% from a year earlier. The sharp slowdown hurt Chinese smartphone…
Cooler Inflation May Not Be Enough to Stave Off Fed Rate Increases
The Federal Reserve is expected to hold rates steady at its July meeting, but officials have not written off the possibility of a move soon after. Source link
RBI may look through price worries, high credit growth
MUMBAI: RBI governor Sanjay Malhotra has hinted that the central bank may not react to the current bout of inflation and spurt in credit growth. Malhotra struck a notably composed tone, describing price pressures as contained even if “currently a bit elevated”, and attributed the uptick largely to supply-side disturbances.“Inflation is also under control although…
Beijing Rejects Trump’s Claim of Meddling, but Avoids a Fight
Chinese officials called the election-meddling accusation baseless, while analysts said Beijing was trying to preserve a fragile détente. Source link
‘Front-running patterns seen in PMS by Sebi’s AI tools’
CHENNAI: Market regulator Sebi on Friday said it has extensively deployed artifcial intelligence capabilities, with these tools generating a growing number of actionable alerts. These alerts have helped uncover patterns indicating recent instances of front-running in the portfolio management services (PMS) industry.“Recently, we have noticed our AI generating enough alerts, and over a period of…
A New Blow to Tracking Gun Sales
The House has passed a bill that would bar the use of merchant codes specifically for firearm retailers, an effort to pre-empt state adoption of the tool. Source link
Pin code wars: Quick commerce cos add 900 dark stores in 3 months
Representative photo (IANS image) BENGALURU: The quick commerce race is no longer mainly about reaching new neighbourhoods. It is becoming a fight over the same pin codes. India’s five largest operators added close to 900 dark stores between April and July this year, with Blinkit, Flipkart Minutes and Amazon Now leading the expansion, according to…