Markets

Daily Markets: Does This Relief Rally Have Any Legs?

Today’s Big Picture Asia-Pacific equity indexes ended today’s session up strongly as Taiwan’s TAIEX gained 2.08%, India’s Sensex advanced 2.25%, South Korea’s KOSPI rose 2.50%, and Japan’s Nikkei closed 2.96% higher. Australia’s ASX All Ordinaries set the pace, up 3.74% led by Non-Energy Materials. Hong Kong markets are closed marking the Double Ninth Festival. This …

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US Treasury recommends lawmakers decide which regulators will oversee the crypto spot market

Officials with the United States Financial Stability Oversight Council, or FSOC, have recommended US lawmakers pass legislation to determine which “rulemaking authority” will be responsible for regulating parts of the crypto spot market. In an Oct. 3 meeting of the FSOC, Jonathan Rose, a senior economist at the Federal Reserve Bank of Chicago, said the …

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Bitcoin price rises above US$19,000, Ether and rest of crypto top 10 gain

Bitcoin rose above US$19,000 in Tuesday morning trading in Asia, with Ether and the rest of the top 10 cryptocurrencies by market capitalization gaining. The moves reflected strong gains in US equity indexes on Monday after rounding out September with significant losses. See related article: Markets: Bitcoin price falls below US$19,000, XRP down, BNB only …

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Foldable smartphones win one percent of global market share • The Register

Cross “optimize site and/or app for folding smartphones” off your to-do list: analyst firm IDC says they’re not going to be mainstream devices by the year 2026. “The biggest question today is whether foldables will become mainstream anytime soon? Unfortunately, the answer is no,” said Nabila Popal, research director with IDC’s Worldwide Quarterly Mobile Phone …

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Artificial Intelligence (AI) Market in BFSI Sector to Record USD 32.97 Billion growth between 2021 and 2026; Major Opportunities with Alphabet Inc. and Amazon.com Inc. — Technavio

NEW YORK, October 4, 2022 /PRNewswire/ — The artificial intelligence (AI) market size in the BFSI sector is set to grow by $32.97 billion between 2021 and 2026, progressing at a CAGR of 36.68%. According to Technavio, the market is fragmented, and the degree of fragmentation will accelerate during the forecast period. As market growth …

Artificial Intelligence (AI) Market in BFSI Sector to Record USD 32.97 Billion growth between 2021 and 2026; Major Opportunities with Alphabet Inc. and Amazon.com Inc. — Technavio Read More »

A Look At Apple As The Stock Continues To Pull The Market Lower – Apple (NASDAQ:AAPL)

Apple Inc AAPL was bouncing up slightly on Monday after four volatile trading days, which have seen the tech-giant make a series of large daily swings. Despite the intraday volatility, Apple has declined 9.5% over that time period compared to the S&P 500, which has wear almost 3%. With Apple weighted the highest within the …

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Ontario Municipal hires managing director for capital markets unit

Prabha Ram has joined OMERS Capital Markets, the capital markets investment division of Ontario Municipal Employees’ Retirement System, Toronto, as managing director-global equities. Mrs. Ram is based in New York and reports to Kannan Venkataramanisenior managing director-global equities, according to a Monday news release. In her role, Ms. Ram will “lead the overall management of …

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S.Korea’s Naver to acquire US fashion social commerce Poshmark for $1.6 billion

SEOUL, Oct 4 (Reuters) – South Korean tech firm Naver Corp (035420.KS) said on Tuesday it agreed to a $1.6 billion deal to buy Poshmark Inc (POSH.O), a US apparel resale platform firm, as a strategic investment to enter the US e-commerce market. Naver will acquire all of the issued and outstanding shares of Poshmark …

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Festifall Arts Markets Return To Downtown Chapel Hill, Brimming With Local Artists, Artisans and Performers

Story via Chapel Hill Community Arts & Culture Chapel Hill’s annual arts festival returns this October, spanning multiple days, and featuring dozens of local artisans, various performances, and interactive arts experiences. Planned by Chapel Hill Community Arts & Culture, Festifall Arts Markets & More will activate 140 West Plaza on Franklin Street on three consecutive …

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