Tuesday, May 17, 2022
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Investors withdraw over $7 billion from tether, raising fresh fears about stablecoin’s backing

Tether has faced repeated calls for a full audit of its reserves.Justin Tallis | AFP via Getty ImagesInvestors have withdrawn more than $7 billion from tether since it briefly dropped from its dollar peg, raising fresh questions about the reserves underpinning the world's largest stablecoin.Tether's circulating supply has slipped

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Paramount shares jump about 14% after Buffett’s Berkshire reveals new stake

In this photo illustration, Paramount+ (Paramount Plus) logo is seen on a smartphone against its website in the background.Pavlo Gonchar | SOPA Images | LightRocket | Getty ImagesShares of Paramount Global jumped Tuesday after Warren Buffett's Berkshire Hathaway revealed a new stake in the media company.The stock rallied 14%

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HDFC launches in-principle home loan approval on WhatsApp

Mortgage lender HDFC Ltd., on Tuesday announced the launch of ‘Spot Offer’ on WhatsApp, to provide an in-principle home loan approval to home buyers within 2 minutes. HDFC’s ‘Spot Offer on WhatsApp’ is a platform that will enable prospective borrowers to get an in-principle home loan approval instantly. HDFC in association

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How To Track Your Mutual Fund Investments

It’s easy to get overwhelmed by the information overload that is freely available on the Internet, making it important to know where to begin. This is where a financial advisor plays a crucial role. They can partner you in your investment journey to help keep track of your investment

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Karbon Card raises Rs 55 crore debt finance from Northern Arc, UCIC and Oxyzo

Karbon Card, a fintech company specializing in corporate cards, has raised Rs55 crore in a debt financing round from Northern Arc Capital, UC Inclusive Credit Private Limited and Oxyzo Financial Services. UCIC, incubated by Unitus Capital, is an impact focussed non-banking financial company registered with Reserve , while Oxyzo is

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Some factories might leave China, but in the grand scheme of things it doesn’t matter much

China still holds the cards for global supply chains, whether or not Covid lockdowns frustrate businesses in the near term. An employee works on the production line of the screens for 5G smartphones at a factory on May 13, 2022 in Ganzhou, Jiangxi Province of China.Zhu Haipeng | Visual

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Home affordability at 2007 bubble levels, but crash is unlikely: Blackstone’s Joe Zidle

A major Wall Street firm is drawing a striking parallel to the housing bubble.Blackstone's Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely due to a major difference: Most owners aren't using their homes like an ATM."That caused so many

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Stock futures are flat after S&P, Nasdaq start the week in the red

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 13, 2022. Brendan Mcdermid | ReutersU.S. stock index futures were flat during overnight trading on Monday, following a volatile session that saw the S&P 500 and Nasdaq Composite continue their march lower.Futures

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