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Finance News Summary Today — Page 94

Stock market, bitcoin, oil prices and economic news — daily finance summary

Ether down 35% versus Bitcoin in a year: Will the ETH price downtrend continue?

Ether down 35% versus Bitcoin in a year: Will the ETH price downtrend continue?

Ether has slipped more than 35% against Bitcoin over the past year, trapped below a multi‑year descending trend line that has halted every breakout since 2022. Binance’s on‑exchange Ether holdings hav

Cointelegraph · 1mo ago
South Korea crypto holdings halve in a year as investors turn to stock market

South Korea crypto holdings halve in a year as investors turn to stock market

South Korea’s crypto holdings have slashed by roughly half over the past year as investors pour money into equities. At the same time, regulators are tightening the market: the Finance Ministry confir

Cointelegraph · 1mo ago
Bitcoin Slides Toward $70K as Fed CPI Forecast Rises

Bitcoin Slides Toward $70K as Fed CPI Forecast Rises

The Cleveland Federal Reserve now projects April CPI at 3.56% YoY, a hotter read that dampens hopes for rapid Fed rate cuts. Combined with a bearish rising‑wedge chart pattern and a pause in buying by

Cointelegraph · 1mo ago
ITR filing 2026: How gains from crypto and foreign stocks are taxed in India; what happens if you fail to report it?

ITR filing 2026: How gains from crypto and foreign stocks are taxed in India; what happens if you fail to report it?

India’s tax code now slaps a 30% flat levy plus a 4% cess on crypto profits and imposes steep penalties for undisclosed foreign‑stock gains, tightening compliance for a growing class of investors. The

Mint · 1mo ago
‘Not a trading moment but…,’ Experts on how investors can strengthen portfolio as Iran war rattles Dalal Street

‘Not a trading moment but…,’ Experts on how investors can strengthen portfolio as Iran war rattles Dalal Street

With the Iran‑Israel‑US flare‑up rattling global markets, India's Sensex and Nifty 50 have slipped sharply, prompting advisers to stress liquidity and sector rotation. The episode builds on prior SKIM

Mint · 1mo ago
Gold, cash, commodities: Jeffrey Gundlach on his portfolio strategy for 2026 amid Iran war jitters, rate uncertainity

Gold, cash, commodities: Jeffrey Gundlach on his portfolio strategy for 2026 amid Iran war jitters, rate uncertainity

Bond‑King Jeffrey Gundlach warns that a Fed that likely stays high and oil‑driven inflation from the Iran war make equities pricey. He urges a 20% cash buffer, a 20% tilt to hard assets and a gold buy

Mint · 1mo ago
Santiment flags risk as crypto bullish talk spikes while BTC holds $80K

Santiment flags risk as crypto bullish talk spikes while BTC holds $80K

Bitcoin’s sentiment turned sour, with the Fear & Greed Index sliding to 38 and exchange inflows ticking up, hinting at profit‑taking. Santiment urges a pullback to $75k to reset the market, while anal

Cointelegraph · 1mo ago
Small Finance Bank FD rates beat big banks: Smart investment or risky bet? What should investors check?

Small Finance Bank FD rates beat big banks: Smart investment or risky bet? What should investors check?

Against a backdrop of delayed gender‑quota reforms in India, small finance banks are pulling in savers with FD rates that top 7.9%, outpacing traditional banks. The higher returns attract especially s

Mint · 1mo ago
US, EU Regulate Stablecoins as Big Firms Adopt

US, EU Regulate Stablecoins as Big Firms Adopt

Stablecoins are moving from niche crypto tokens to mainstream digital dollars as regulators in the U.S. and EU lay down clear rules. At the same time, financial giants—from Amazon’s AI‑powered payment

Mint · 1mo ago
Trump Pardons Binance Co‑Founder Amid Rival Lobbying

Trump Pardons Binance Co‑Founder Amid Rival Lobbying

Binance co‑founder Changpeng Zhao revealed that U.S. rivals lobbied against his presidential pardon, fearing a Binance comeback. Trump’s October 2025 pardon and a later court dismissal cleared legal h

Cointelegraph · 1mo ago
Cramer Defends AI Boom as Hyperscaler Capex Tops $805B

Cramer Defends AI Boom as Hyperscaler Capex Tops $805B

Jim Cramer urged investors to buy AI stocks during a May 7 market pullback, pointing to $805 billion in hyperscaler capital expenditures and AI's role driving roughly 75% of Q1 GDP growth as proof the

Google News Business · 1mo ago
Strategy will sell Bitcoin only to fund dividend

Strategy will sell Bitcoin only to fund dividend

Strategy, the world’s largest public Bitcoin treasury with 818,334 BTC, will only liquidate its holdings to fund its 11.5 % preferred dividend and manage taxes, and only when such sales boost the BTC‑

Cointelegraph · 1mo ago
Fintech startup Parker files for bankruptcy

Fintech startup Parker files for bankruptcy

Fintech startup Parker, once touted for its $200 M‑funded e‑commerce credit card and $65 M in revenue, filed for Chapter 7 bankruptcy on May 7, listing $50‑$100 M in assets and liabilities and up to 1

TechCrunch · 1mo ago
S&P 500 extends winning streak to 6 weeks. What drove the stock market gains

S&P 500 extends winning streak to 6 weeks. What drove the stock market gains

The S&P 500 and Nasdaq each posted a sixth straight weekly gain, buoyed by strong earnings, a robust jobs report, and falling oil and bond yields. Investors remain watchful as the Iran‑U.S. conflict f

CNBC · 1mo ago
Hughes pushes CLARITY Act as Senate to markup bill

Hughes pushes CLARITY Act as Senate to markup bill

Attorney Hughes says the CLARITY Act could finally end regulatory uncertainty for U.S. crypto firms and spur domestic development, but the bill faces a tight deadline before the August Senate recess a

Cointelegraph · 1mo ago
Australian Police Seize Millions in Bitcoin From Alleged Darknet Marketplace Operator

Australian Police Seize Millions in Bitcoin From Alleged Darknet Marketplace Operator

Australian police seized 52.3 Bitcoin worth $4.2 million in Ingleburn, a raid led by Strike Force Andalusia that targets darknet marketplace proceeds. Detective Superintendent Matt Craft called it one

Decrypt · 1mo ago
Binance: 77% of Users from Emerging Markets Use Crypto

Binance: 77% of Users from Emerging Markets Use Crypto

Binance’s 2026 research shows that emerging‑market users now make up 77% of its base and treat the exchange like a shadow bank, using stablecoins for savings, payments and cheap cross‑border remittanc

CoinDesk · 1mo ago
Mumbai banker Yash Verma reveals ₹1.3 L monthly expenses

Mumbai banker Yash Verma reveals ₹1.3 L monthly expenses

Mumbai investment banker Yash Verma disclosed a ₹1.3 lakh monthly expense sheet, exposing the steep cost of living and long work hours that fuel the city’s “Mumbai Tax” debate and the hidden financial

Mint · 1mo ago
Bitcoin stalls as BTC ETF outflows hit $268M: Will new Fed chair restore the rally?

Bitcoin stalls as BTC ETF outflows hit $268M: Will new Fed chair restore the rally?

While the S&P 500 rides record highs, Bitcoin has stalled near $80,000 after a rejection at $82,500, with spot ETFs dumping $268 million and leveraged futures liquidating $270 million. Retail crypto r

Cointelegraph · 1mo ago
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Inspire Brands Confidentially Files IPO

Inspire Brands, the holding company behind Dunkin’ and Arby’s, has quietly filed a confidential registration to go public, a move reported by major business outlets. The filing shows the fast‑food con

Google News Business · 1mo ago

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