Author: Charlotte

Lawmakers are holding off on supporting legislation meant to bar certain private equity firms and other large investors from funding local sports programs, as parents of young athletes face rising participation costs.The Let Kids Play Act (H.R.8788) seeks to prevent “vulture investors” from purchasing multiple sports programs and teams in a single region, which has been shown to drive up costs for parents. But some lawmakers worry the legislation would go too far in excluding potential investors.Lawmakers supporting the legislation have pointed to private equity companies and other large investors’ involvement as a factor in the increasing … Source link

CASHCAT has extended its rally over the past 24 hours after whale accumulation, expanding derivatives access, and continued speculation around Robinhood Chain drew fresh buying interest.CoinGecko data showed CASHCAT trading around $0.166, up roughly 6% over the past 24 hours, after recovering from overnight lows near $0.135. The meme token has also gained more than 2,300% over the past week, although intraday swings have remained sharp as traders continue locking in profits.Fresh momentum arrived after Binance Wallet announced that CASHCAT perpetual contracts had gone live on Binance Wallet Perps, allowing users to trade the token with up to 10x leverage. While the…

With virtually every major category led by liquid, overnight and money market funds registering redemptions. This pattern is characteristic of a quarter-end month, when corporates typically pull money out of liquid funds to meet advance tax obligations and other quarter-end commitments, said Varun Gupta, CEO, Groww Mutual Fund.The scale of the outflow therefore reflects seasonal liquidity management rather than any meaningful shift in underlying sentiment, Gupta said. Source link

ASX-listed pharmaceutical micro-cap IDT Australia was the first to stalk Mayne Pharma’s South Australian manufacturing facility, but it wasn’t the last.Street Talk understands healthcare-focused private equity firm Genesis Capital weighed up a potential bid for the Salisbury plant, which was at the centre of Cosette’s abandoned $672 million bid for the company, earlier this year.Loading… Source link

Bitcoin traded near $62,000 on Monday, holding onto recent gains as investors adopted little conviction ahead of key macroeconomic reports this week.Markets await US inflation data and Fed testimonyIn a report on Monday, QCP analysts highlighted that Tuesday’s US Consumer Price Index (CPI) data could be the first major catalyst to decide the market’s direction.A softer-than-expected inflation reading could strengthen expectations for Federal Reserve (Fed) policy easing later this year. On the other hand, another upside in CPI may reinforce the case for keeping interest rates higher for longer.QCP also highlighted Federal Reserve Chair Kevin Warsh’s upcoming two-day congressional testimony,…

By Milan Rojan Today API Cross Border Payments Digital Payments Confirmo has launched a stablecoin-based recurring payments solution designed to help enterprise merchants automate subscription billing, as demand for digital asset payments continues to grow across global markets. Anna Kratky Strebl, Group CEO at Confirmo, said: “‘Subscribe’ gives merchants a more transparent, cost-effective way to manage subscription and recurring revenue models, while making it easier for consumers worldwide to pay with the wallets and accounts they already use.” The new product, Subscribe, enables businesses to accept recurring payments in stablecoins alongside existing payment methods without developing their own infrastructure. The…

Agentic investment start-up Grace Investment Machine (GIM) has closed $20 million in Series A funding to transition its multi-agent capital market trading software into live market deployment.The round was co-led by Chinese private equity firm Hony Capital and an unnamed venture capital firm in the US. New investor IDG Capital also participated alongside repeat backer Monolith Capital.It’s understood that GIM has now raised over $30 million across three funding rounds since being founded by CEO Jiahao Xu in July last year. Other backers currently include 5Y Capital, SAIF Partners, and Wuyuan Capital.The Beijing-based start-up is developing an autonomous system that…

Day Trading Guide gives you the key intraday supports and resistances to watch out for on the Nifty Futures and other widely traded stocks such as Reliance Industries, Infosys, HDFC Bank, TCS, SBI. Based on the trend, it also gives intraday trade recommendations with specific entry as well as stop-loss levels. The mentioned resistances and supports will be the exit levels. Do note that the recommendations are based on Technical Analysis and there is a risk of loss in trading. ₹817 • HDFC BankS1S2R1R2COMMENT815808822828Take fresh shorts below 815 with a stop-loss 817 ₹1101 • InfosysS1S2R1R2COMMENT1090107511151130Wait for dips. Go long at…

A spot bitcoin ETF is a fund that holds actual bitcoin and trades on a stock exchange, so an investor gains exposure to bitcoin’s price through an ordinary brokerage account. When the first U.S. spot bitcoin ETFs began trading in January 2024, they removed the custody, compliance, and operational barriers that had kept many asset managers, pension funds, and financial advisors on the sidelines. The funds did not create institutional demand from scratch. They lowered the friction for institutions that already wanted exposure but could not hold the asset directly. In this article, we’ll cover the history, utility, and limitations…

Election years tend to polarize people’s views about political parties, proposed social and economic policies, and the candidates running for high governmental office. This presidential election cycle is not only no different, it is far more so.  This shows itself especially in how many younger Americans view the political, economic and social system under which they live.  According to a fairly detailed Gallup public opinion poll released in late November, 60 percent of those surveyed said they, in general, had a “positive” view of capitalism, while only 39 percent had such a positive attitude toward socialism. Not a blockbuster endorsement…