News Gist .News

Articles | Politics | Finance | Stocks | Crypto | AI | Technology | Science | Gaming | PC Hardware | Laptops | Smartphones | Archive

Archive: 2025-03-10 (312) - Page 7/7 (12)

← Back to March 2025 Archive

RBI’s Pivot Drives Investors to Bet on Gain in Indian Bonds

Indian investors are positioning for a rally in government bonds as the central bank is expected to deliver further interest-rate cuts this year, driven by bets on an economic slowdown and a decline in inflation. The Reserve Bank of India's (RBI) pivot towards monetary easing may lead to a decrease in the benchmark 10-year yield to 6.4% by June, according to SBM Bank (India) Ltd. The yield was at 6.69% on Friday, with bond traders forecasting an extended rally in 2025.

Lab-Grown Food Could Be Sold in UK in Two Years

The Food Standards Agency (FSA) is accelerating the approval process for lab-grown foods, with the potential for meat, dairy, and sugar products to be available for human consumption in the UK within two years. UK firms are pushing for streamlined regulations to compete with countries like Singapore and the US, where approval processes are significantly faster. While the FSA emphasizes consumer safety and innovation, critics raise concerns about conflicts of interest and the health implications of introducing ultra-processed lab-grown foods.

Leveraged Tech ETFs Plunge to Wreck Koreans’ $6.7 Billion Stake

A sudden swoon in US tech stocks has sent shockwaves through South Korea's retail investors, who have placed billions of dollars of leveraged bets on the cohort. Many Korean investors had taken on significant risk to ride the US stock rally, but the recent downturn has left them vulnerable to hefty losses. The country's regulators are now stepping in to tighten scrutiny and assess measures to curb investment in leveraged exchange-traded products.

Software Bug at Firm Left NHS Data 'Vulnerable to Hackers'

The NHS is investigating claims that a software flaw at Medefer compromised patient data security, as the issue was discovered in November but may have existed for several years. Medefer has stated that no patient data breach occurred and that the flaw was promptly addressed, although cybersecurity experts have raised concerns about the company's response to the vulnerability. The situation underscores the critical importance of robust cybersecurity measures in handling sensitive medical information, especially within the healthcare sector.

North Korean Hackers Cash Out Hundreds of Millions From $1.5bn ByBit Hack

Hackers have successfully laundered at least $300m of their record-breaking $1.5bn crypto heist, leaving only unrecoverable funds in the process. The infamous Lazarus Group, thought to be working for the North Korean regime, is believed to be working nearly 24 hours a day to confuse the money trail and convert the digital tokens into usable cash. ByBit has replenished some of the stolen coins with loans from investors but is waging war on Lazarus.

Why THE TRADE DESK, INC. (TTD) Is Plunging So Far In 2025

The Trade Desk, Inc. (NASDAQ: TTD) is experiencing a significant decline in value despite being one of the top picks of hedge funds, with many large-cap stocks tumbling in the past week and potentially undervalued. The company's revenue miss in Q4 2024 and weak Q1 2025 guidance have raised concerns about its growth prospects. As a result, investors are reassessing their expectations for the tech stock.

Oil Steady as Tariff Uncertainty Keeps Investors on Edge

Oil prices held steady on Monday as concern over the impact of U.S. import tariffs on global economic growth and fuel demand, as well as rising output from OPEC+ producers, cooled investor appetite for riskier assets. Brent crude was down 11 cents at $70.25 a barrel by 0856 GMT. The ongoing tariff uncertainty has created market volatility, with oil prices experiencing their seventh consecutive weekly loss.

Marvell Technology (NasdaqGS:MRVL) Shares Fall 23% Despite Positive Q4 Earnings Turnaround

Marvell Technology reported a notable shift from a net loss to income in its Q4 earnings, accompanied by significant sales growth and innovations in 2nm silicon targeting AI and cloud solutions. However, despite these positive developments, the company's shares plummeted 23%, likely influenced by broader market declines and investor skepticism regarding future performance. The semiconductor sector's overall struggles, despite some strong earnings from competitors, further compounded Marvell's difficulties in maintaining investor confidence.

The Rise of AI-Driven Innovation: Intel's Xeon 6 Processors and Industry Implications

Intel recently launched its Xeon 6 processors, enhancing core counts and AI capabilities, a move paired with the introduction of advanced Ethernet solutions and broad adoption by over 500 partners, including industry giants like AT&T and Verizon. This suite of innovative offerings could have reinforced positive sentiment around Intel's growth trajectory. The chipmaker's stock surged 8% last month, reflecting optimism amid robust product launches and potential M&A activity with Silver Lake for Altera Corp.

Mark Carney Wins Canada Liberal Contest, Will Succeed Trudeau in Days

Mark Carney has emerged victorious in the Canadian Liberal Party contest, securing nearly 86% of the vote to become the next prime minister. The transfer of power from Justin Trudeau is expected to take place within days, with Carney promising a robust response to US President Donald Trump's economic threats against Canada. As Carney assumes office, he will need to navigate the complex web of trade tensions and economic uncertainties created by the White House.

The Alters: This War of Mine's Spiritual Successor Has a New Trailer

11 bit Studios has unveiled a new trailer for its forthcoming game, The Alters, which draws inspiration from the acclaimed title, This War of Mine. Players will assume the role of Jan, who must navigate survival on a doomed planet by forming a crew of alternative versions of himself, each with unique skills and emotional needs. While no release date has been announced, the game is set to launch on multiple platforms, including PlayStation 5, Xbox Series S/X, and PC.

The Luxury Lounge Arms Race: Credit Card Perks We Are All Paying For

Luxury lounges are becoming increasingly common, with credit card providers competing to outdo each other with bigger and better facilities. These lounges offer a luxurious space for cardholders to relax before their flight, with amenities such as fine dining, private bars, and spa services. The cost of accessing these lounges can be steep, ranging from $550 to $3,000 per year.