Help! My Rental Car Died Within a Mile, and Avis Charged Me $1,367.
A visitor to Italy had to abandon an S.U.V. after it conked out just minutes from the rental agency. Then he got another surprise: a hefty repair bill. Source link
Business
Read More
Crypto crash: Bitcoin sinks below $82k; tech slump spills into crypto markets-here’s what analysts say
Bitcoin and ether tumbled to multi-month lows on Friday as investors pulled back from riskier assets amid concerns over stretched tech valuations and fading expectations of near-term US rate cuts, Reuters reported. Bitcoin, the world’s largest cryptocurrency, dropped 5.5% to a seven-month low of $81,668, while ether slid more than 6% to $2,661.37, hitting a…
Roblox Rolls Out Face Scans for Age Verification: What to Know
The popular gaming platform said the tool was designed to stop children from chatting with older users they didn’t know. Source link
US markets today: Wall Street steadies after sharp reversal; AI stocks remain volatile as Bitcoin slump deepens
The US stock market opened higher on Friday, with the S&P 500 rising 0.4 per cent, the Dow Jones Industrial Average adding 242 points, and the Nasdaq composite advancing 0.5 per cent, following what was described as one of the most volatile sessions since April. The modest rebound came a day after markets rallied early…
Top Fed Official Boosts Odds of a December Rate Cut
John C. Williams, president of the Federal Reserve Bank of New York, said the central bank had scope to lower borrowing costs ‘in the near term.’ Source link
Cross-border payments boost: India, EU begin phase to link UPI with TIPS; remittances to get cheaper
The Reserve Bank of India (RBI) on Friday said the process of interlinking the Unified Payments Interface (UPI) with the Eurosystem’s TARGET Instant Payment Settlement (TIPS) platform has entered the realisation phase, marking a step towards enabling cross-border instant payments between India and Europe. RBI and NPCI International Payments Limited (NIPL) have been in discussions…
Buying a House Is Expensive. But There Are Some Ways to Rein In Costs.
The Trump administration has proposed 50-year and “portable” mortgages to make home buying more affordable. But housing experts offer other suggestions. Source link
IPO rules revamp: Mutual funds barred from pre-IPO buys, anchor route open; Sebi pushes transparency, wider participation
Sebi has barred mutual fund schemes from investing in pre-IPO share placements but will allow participation in anchor rounds of public issues, a source told PTI citing the move is intended to improve liquidity and ensure clearer valuation of companies ahead of listing.“We have asked mutual fund schemes not to invest in pre-IPO placement of…
The Fed, Crypto and A.I. Weigh on the Markets
Growing jitters over the Federal Reserve, crypto and the future of the artificial intelligence boom have helped drive a global sell-off. Source link
Forex watch: India’s reserves jump $5.54 bn; gold vaults total kitty to $692.57 bn
India’s foreign exchange reserves rose sharply by $5.543 billion to $692.576 billion for the week ended November 14, driven largely by a surge in the valuation of gold holdings, according to data released by the Reserve Bank of India (RBI) on Friday.The rise follows a $2.699 billion decline in the previous reporting week, when total…