Indian shares rose for a third straight session on Tuesday, with firm global cues lending support after a top Federal Reserve official said that he is leaning toward supporting an interest rate cut when the Fed meets later this month. Investor sentiment was also boosted after new U.S. curbs on tech exports to China fell...
Tesla Inc. Chief Executive Officer Elon Musks $56 billion pay package, which was approved by its shareholders, has been rejected by a Judge for the second time, noting that the compensation plan was improperly granted. Meanwhile, Tesla said the courts decision is wrong, and that the electric vehicle maker is going to appeal. Delaware judge...
Canadian shares are likely to open on a positive note on Tuesday, reacting to firm crude oil and metal prices, and on Bank of Nova Scotias strong quarterly earnings. Bank of Nova Scotia (BNS.TO) reported a net income of $1,689 million for the fourth quarter ended October 31, 2024, compared to $1,354 million in the...
French drug major Sanofi plans to invest around 1 billion euros or about $1.05 billion to build a new insulin manufacturing base in Beijing, China, reports said. The move represents Sanofis single largest investment in China so far, where it has been present for more than 40 years. The investment will boost the manufacturing of...
Cynthia Lummis has officially been confirmed as the Chair of the first-ever crypto-focused subcommittee created by the Senate Banking Committee.The subcommittee would focus on two key areas – pass bipartisan digital asset legislation, and conduct a comprehensive oversight over Federal Financial regulators. In our last update, we examined the plan of the Senate Banking Committee...
Singapore court approves WazirX recovery plan, enabling token-based compensation for users affected by the $235M hack.WazirX collaborates internationally to recover stolen assets and initiates a token buyback for user compensation. In January 2025, the Singapore court has approved WazirX’s plan to repay users harmed by the $235 million hack. Of course, this approval represents a...
According to Willy Woo, a race of sovereigns will raise Bitcoin to unprecedented highs.Woo argues that in the last cycle MicroStrategy initiated the corporate Bitcoin treasury trend. Following Willy Woo’s 2024 investor heat map, CNF also emphasized the demand and added that many people are unaware that the Bitcoin market is already experiencing a bull...
Donald Trump faces an ethics investigation after his public involvement in the TRUMP token raised concerns about national security and conflict of interest. In a letter written to the House Oversight and Government Reform, Trump’s meme coin was cited to have the potential to give undue access to foreign entities. US House Representative Gerald Connolly has...
Founder and former CEO of Binance Changpeng Zhao has suggested that investors reduce their altcoin portfolios by at least half to invest in Bitcoin. According to him, anyone who holds Bitcoin for at least four (4) years does not lose his money. The total crypto market has recorded a 3% surge in the last 24 hours...
Trump envisions the U.S. as the global leader in AI and crypto, integrating technology into economic and manufacturing strategies.By combining technological innovation with strong domestic policies, the U.S. aims to redefine global leadership in emerging industries. Despite previous concerns from the community, as outlined in a recent CNF update, where President Donald Trump was criticized...