The Indian stock market extended its winning streak to five sessions on Monday, supported by a weaker U.S. dollar and strong earnings from heavyweight lenders ICICI Bank and HDFC Bank, both of which hit record highs, boosting investor sentiment across the banking sector. The benchmark BSE Sensex gained 855.30 points or 1.09% to close at…
The Federal Trade Commission (FTC) is preparing to send a total of $1.9 million to victims of an alleged free credit report scam. The FTC says 42,849 victims will receive their share of the funds, stemming from a lawsuit that the agency filed against Credit Bureau Center back in 2017. According to the FTC, Credit…
PB Fintech, the parent of Policy Bazaar, reported a consolidated net profit of Rs 60 crore for the quarter ended June 30, 2024, reversing a loss of Rs 12 crore in the same quarter a year ago led by growth in business. Revenue for the quarter grew 52% to Rs 1,010 crore. The company’s total…
Stocks on Wall Street are slumping alongside bond yields on Thursday after more signals suggested the U.S. economy’s growth is slowing. The S&P 500 was down 1.4% in midday trading after weak data on U.S. manufacturing helped extinguish a morning rally of 0.8%. The Dow Jones Industrial Average was down 1.42%, and the Nasdaq composite…
The European Central Bank cut its key interest rate Thursday by a quarter point, moving ahead of the U.S. Federal Reserve as central banks around the world lean toward lowering borrowing costs – a shift with far-reaching consequences for home buyers, savers and investors. The ECB cut its benchmark rate to 3.75% from a record…