• Aug 29, 2024

Indian Court Orders Scam Websites Using Crypto Exchange Mudrex's Name to Be Taken Down

The court ordered India's Ministry of Communication to move against as many as 38 websites.

• Aug 29, 2024

Recession forecasts have been wrong for years. Here's why a 'perfect indicator' doesn't exist.

Recession indicators are flashing red, but economists argue they could be false signals this economic cycle, revealing a broader truth about the recession predicting business itself.

• Aug 29, 2024

Polymarket Bettors Miss Out on $270K Due to Pavel Durov's Early Release

Bettors were fairly sure the Telegram CEO would be released in September. His release on Wednesday tossed the market on its head.

• Aug 29, 2024

Inflation down in six German states, pointing to national decline

BERLIN (Reuters) -Inflation fell in six important German states in August due to lower energy prices, preliminary data showed on Thursday, suggesting Germany's national inflation rate could decline noticeably this month. In Saxony, the inflation rate fell in August to 2.6% from 3.1% in the previous month, in Brandenburg it fell to 1.7% from 2.6%, in Baden-Wuerttemberg it fell to 1.5% from 2.1%, in Hesse it fell to 1.5% from 1.8% and in Bavaria it fell to 2.1% in August from 2.5% in July. The inflation rate in North Rhine-Westphalia, Germany's most populous state, fell to 1.7% in August from 2.3% in July.

• Aug 29, 2024

Nvidia's forecast dampens AI enthusiasm in other tech stocks

(Reuters) -Nvidia dragged technology heavyweights lower after the chip maker's earnings disappointed investors who had been hoping they would fuel fresh gains in Wall Street's most valuable companies, and sent stocks in Asia down on Thursday. Nasdaq futures initially dropped about 1% following Nvidia's quarterly earnings report late Wednesday, suggesting traders expected tech stocks to lose ground. Nvidia dropped almost 7% and lost $200 billion in stock market value after it forecast third-quarter gross margins that could miss market estimates and revenue that was largely in line.

• Aug 29, 2024

Japan stocks lower at close of trade; Nikkei 225 down 0.05%

Investing.com – Japan stocks were lower after the close on Thursday, as losses in the Paper&Pulp, Mining and Chemical, Petroleum&Plastic sectors led shares lower.

• Aug 29, 2024

Australia stocks lower at close of trade; S&P/ASX 200 down 0.33%

Investing.com – Australia stocks were lower after the close on Thursday, as losses in the Energy, Consumer Discretionary and Consumer Staples sectors led shares lower.

• Aug 29, 2024

Stocks Retreat as Nvidia Outlook Saps AI Trade

(Bloomberg) -- European stocks edged higher and US equity futures erased declines as investors assessed Nvidia Corp.’s results, ahead of key economic data still due this week.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warning From the Past About Living With CarsChicago Overcomes DNC Skeptics With Calm, Parties and SunThe Stoxx Eu

• Aug 29, 2024

Taiwan stocks lower at close of trade; Taiwan Weighted down 0.25%

Investing.com – Taiwan stocks were lower after the close on Thursday, as losses in the , Transport and Semiconductor sectors led shares lower.

• Aug 29, 2024

Asian shares mostly slip as market focus turns from Nvidia to US economy

Asian shares mostly fell Thursday as market attention turned to upcoming data on the U.S. economy after Nvidia reported its financial results. Nvidia, one of several companies that have ridden a wave of enthusiasm over artificial intelligence developments, reported earnings Wednesday. The results showed a strong profit, but Nvidia stock fell 2.1%, though it is up 153% for the year.