Funding & Business
Nvidia Earnings Are the Stock Market Risk Event After Fed Rally
Traders are breathing easier heading into this week after Federal Reserve Chair Jerome Powell indicated that interest rate cuts are coming. The next test for the stock market will be a read on what’s been driving gains for the past few years: artificial intelligence euphoria.
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A sanctioned tanker carrying Russian oil has neared an Indian port operated by Adani Group, and will likely be one of the last blacklisted vessels to unload at the conglomerate’s facilities after a ban took effect.
The Spartan, a Suezmax carrying about 1 million barrels of Urals crude, was off Mundra port on Sunday near an offshore discharge point that services refiner HPCL-Mittal Energy Ltd., according to ship-tracking data compiled by Bloomberg, Kpler and Vortexa. The vessel was sanctioned last year by the European Union and the UK for allegedly helping facilitate the export of Russian oil.
South Africa’s top banking lobby group criticized the government’s withdrawal of proposed changes to the National Credit Act that were meant to help small firms secure loans.
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Thai authorities are considering a tax on physical gold trading to slow a rally in the nation’s currency that has threatened exports and tourism.
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