Author: franperez66q@protonmail.com
A money lender counts Indian rupee currency notes at his shop in Ahmedabad, India.Amit Dave | ReutersIndia is doubling down on measures aimed at attracting foreign portfolio investments, as capital outflows hit a record high. The government on Friday announced that it has exempted foreign investors and the Bank for International Settlements — a global financial institution owned by central banks— from income tax on any interest or capital gains. The exemption will take effect from April 1, 2026, as per the government’s release.Foreign investors face 12.5% long-term capital gains tax on listed shares and bonds held for more than…
JP Morgan upgrades Tesla to ’neutral’, sees robotics driving long-term growth Source link
Supabase CEO and co-founder Paul Copplestone, left, and Chief Technology Officer and co-founder Ant Wilson.Courtesy: Supabase Inc.Vibe coding needs infrastructure. Supabase is trying to provide it. The startup, which makes back-end tools for building artificial intelligence apps, said on Thursday that it raised $500 million at a valuation of $10.5 billion, the latest sign that venture investors are seeking to pour money into all corners of the AI market that are showing signs of growth. Supabase’s valuation has roughly doubled since its last funding round in October, riding the wave of AI-assisted coding, which allows developers and people without technical…
Ben Goldsborough says Karl Catchpole’s posts are “unacceptable”. Source link
The surge in oil prices and ongoing volatility have netted major gains in a corner of the market that rarely captures headlines: quantitative trend-following hedge funds. Quantitative trend-followers — also known as commodity trading advisors (CTAs) or managed futures funds — use complex machine-learning algorithms, statistical analysis and factor-based modelling to identify price trends across futures markets, including equities, bonds, commodities and currencies. The spike in commodity prices caused by the war in the Middle East has handed them one of their richest trading environments in years.By trading on both rising and falling markets, with investment decisions made by computer-based…
Average mortgage rates ticked down slightly this week, after jumping to their highest levels since September 2025 two weeks ago. The U.S. 30-year fixed mortgage rate averaged 6.48% during the week ending on June 4, according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS). That’s a 0.05-point decrease from the week prior. The 15-year fixed mortgage rate averaged 5.79%, 0.08 points lower than the week before.”With mortgage rates in the mid-6% range and income growth outpacing home price growth, housing affordability is marginally improving,” Freddie Mac’s Chief Economist Sam Khater wrote in a press release. Mortgage rates have…
Evoke shares jump 12.5% on Bally’s Intralot takeover offer Source link
AT&T pointed out in its successful petition that software and firmware changes “are not the only updates necessary to ensure continued functionality of previously approved devices.” But as of now, “Class I and Class II permissive hardware changes remain prohibited for other providers,” the NCTA said. FCC router ban adds layer of bureaucracy Before the FCC added all foreign-made routers to the Covered List, cable companies could make the necessary changes without special permission, the NCTA said: With respect to permissive changes for routers, alternative sources as well as higher density sources such as 64GB eMMC are generally a pin-to-pin…
Russian incursions into UK defences risk crossing a line, Chief of the Defence Staff Sir Richard Knighton tells the BBC. Source link
Here are the companies making headlines in midday trading. Alnylam Pharmaceuticals — Shares advanced 4% after Alnylam announced a strategic artificial intelligence collaboration with Inceptive Nucleics valued at up to $2 billion. Alnylam plans to use Inceptive’s generative AI models to aid its discovery of RNA interference therapeutics. Blackstone — Shares of the asset manager jumped 8% as investors seemed to shake off news that the firm is limiting withdrawals from the Blackstone Private Credit fund after a pickup in investor redemption requests. The stock is now on track to snap a three-day string of losses. Fellow asset managers Ares…