Author: Charlotte

Equity mutual funds deliver over 6% returns last week; sectoral and thematic lead. Check top 10 gainers The Economic Times Source link

Archaeologists have uncovered a hoard of 59 Islamic silver coins near the Kaliningrad Lagoon, offering new evidence of trade between the Abbasid Caliphate and the Baltic region during the early Middle Ages. The coins date from CE 746 to 815, placing them among the earliest known Islamic silver finds in Eastern Europe.Hoard of eastern silver coins. Credit: Institute of Archeology RASThe hoard was found during excavations by the Institute of Archaeology of the Russian Academy of Sciences. The team worked at an ancient settlement about 1.2 kilometers from the Kaliningrad Lagoon. People first settled there in the 8th century, and…

The International Monetary Fund (IMF) has upgraded its forecast for Egypt’s economic growth in the current fiscal year, reflecting improved expectations for the country’s economic performance and progress under ongoing reform programs.According to the July 2026 update of the IMF’s World Economic Outlook (WEO), Egypt’s real gross domestic product (GDP) is expected to grow by 4.6 percent in fiscal year 2026/2027, marking an increase of 0.4 percentage points compared with the Fund’s April projections.For fiscal year 2025/2026, which has already concluded, the IMF estimated Egypt’s GDP growth at 4.4 percent.Updated economic outlookThe IMF’s latest projections highlight a stronger growth trajectory…

Bitcoin, Ethereum Rally Nudge Crypto Market to $2.21trnBitcoin and Ethereum, along with bargain hunting in other top altcoins, drove momentum in the cryptocurrency market, with top digital assets extending their weekly gains as investor sentiment improved.The total cryptocurrency market capitalisation increased to $2.21 trillion. Bitcoin price increased slightly, trading at approximately $64,400, while Ethereum saw a 1.7% gain.Sector performance was mixed but generally positive, with the Real World Asset (RWA) category leading with a 3% increase, while most other sectors posted gains between 0% and 2%.Bitcoin’s 7-day performance (+2.04%) is leading the market. Social media is buzzing with bullish technical…

Big private equity firms pull in more cash as winners take all Financial Times Source link

Lighter [LIT] has rallied by 3.68% in the last 24 hours with a daily trading volume spike of 13.52%. Over the past week alone, the token rallied by 18%. In a recent report, AMBCrypto warned that the token was potentially overbought and might see a correction toward $2. Now, in the days after, LIT did fall by around 13% to reach $2.3. However, it has since climbed back to $2.60 once more. Source: Etherscan In a post on X, Lighter revealed the burn of just over 15.6 million LIT tokens, worth more than $42 million. It represented approximately 6.3% of…

The entire Pattern Day Trader (PDT) rule is set to be abolished (not just the $25,000 minimum equity requirement removed) 45 days after FINRA publishes its Regulatory Notice, with an 18-month phase-in period for full broker adoption, marking one of the most significant regulatory shifts in U.S. retail trading history. This monumental change, overseen by the SEC (approved on April 14, 2026) and FINRA, opens up day trading to a wider audience of American investors who were previously locked out due to capital constraints. Whether you’re a financial beginner or an individual investor with some experience, this article serves as…

Bitcoin’s price action grabs most of the headlines, but two structural risks are quietly accumulating under the surface. A former Meta engineer has flagged them as the network’s two ticking time bombs: advances in quantum computing and a shrinking miner fee market. The claims come via a highlight clip shared by WuBlockchain, summarizing a longer commentary that questions Bitcoin’s long-term resilience. Both threats are well-known in cryptography and protocol design circles, but they rarely drive short-term trading decisions. The former Meta engineer’s framing is meant to pull them back into focus, especially as miners face another halving cycle and quantum…

The Iranian Revolutionary Guard Corps (IRGC) reported that it has successfully targeted and destroyed U.S. support infrastructure at Oman’s Duqm port. This development is part of the ongoing military conflict involving Iran, the United States, Israel, and Oman, which began with U.S.-Israeli strikes on Iran earlier this year. The Duqm port, a key strategic hub for the U.S. Navy and its allies, plays a critical role in logistics and carrier-support operations. The IRGC’s actions indicate a significant escalation in the conflict, aiming to degrade U.S. military capabilities in the region. Key Takeaways The IRGC’s claim of targeting U.S. infrastructure at…

Society in Trinidad for a steelband manWas just as hard or even harder than that for any calypsonianDon’t care how you talented, you must go outsideAnd no appreciation, here society have too much false pride.—“Outcast”, The Mighty Sparrow, 1963For a few minutes shortly after 2 a.m. two Saturdays ago, the clock at the Queen’s Park Savannah abruptly stopped and then, as suddenly, rolled back 63 years to the era documented in the above lyrics by The Mighty Sparrow in his calypso classic, “Outcast”.Suddenly, we were back in 1963, except that the image at the North Stand that night didn’t quite…