The $45 million fundraise was led by Portage and is one of Turkey’s largest ever Series A rounds New capital will help Midas roll out a host of new product lines including crypto trading, mutual funds, and a savings product, with plans to double its headcount to 400+, and expand into emerging markets Midas hit profitability last
Investors’ reaction to risk or loss may vary quite differently, says Anand Vardarajan, Business Head – Banking, Institutional Clients, Alternate Products and Product Strategy, Tata Asset Management. In an interview with MintGenie, Vardarajan said that there is an ardent need to look at index funds for their underlying opportunity rather than just their low expense
HGTV stars Jonathan and Drew Scott, also known as the Property Brothers, offered some advice recently on real estate investing in an era of high rates—especially what not to do. During a wide-ranging CNBC interview on Wednesday, they sounded off on property flipping, high borrowing costs, the worst mistakes that aspiring investors make, the housing
One of the first sovereign-wealth funds, and the largest at the state level in the U.S., just made a big bet on groceries as inflation continues to pressure American consumers. Alaska Permanent Fund tripled its investments in shares of Walmart and Kroger —the respective No. 1 and No. 2 players in terms of their share
Companies are starting to report their first set of earnings for 2024, and they matter more than usual for stocks because the other main support for elevated markets—hope for rate cuts—is being chopped away. Companies are starting to report their first set of earnings for 2024, and they matter more than usual for stocks because
The initial public offering market is showing signs of life again. And the optimism following the strong debuts for Reddit and AI cloud infrastructure company Astera Labs appears to be spreading. Case in point: A closed-end fund that invests in Elon Musk’s SpaceX, Fortnite maker Epic Games, OpenAI, fintech giants Stripe and Chime and other
Investing in equity is seen as a surefire way to grow wealth in the long term. And when it comes to equity, mutual funds are one of the most sought-after financial instruments among retail investors because they are diversified and invest in an array of securities and debt instruments based on a predetermined criteria. Mutual
Greg Guyett oversees a broad range of businesses as the chief executive of HSBC’s global banking and markets unit, a role he took on in October 2022, just before rivals started making deep job cuts. But he’s looking to grow most of these businesses including investment banking, securities services and transaction banking, he told Financial News in a wide-ranging interview.
Gold has a rich history as a prized asset for investors, particularly during periods of economic instability. Currently, the price of 22-karat gold in India is ₹6,565 per gram, while 24-karat gold, also known as 999 gold, is priced at ₹7,162 per gram. Here’s why gold is considered a prudent investment: Protection against inflation: As
Wall Street is expecting a subdued earnings season from Corporate America despite the first-quarter’s stock market fireworks. Yes, the S&P 500 Index rose 10% from January to March. Strategists, however, predict that S&P 500 companies will post their smallest year-over-year profit growth since 2019, just 3.9%, in the first quarter, according to data compiled by Bloomberg Intelligence.