NEW YORK: An unknown trader earned a windfall of about $410,000 after correctly betting that Venezuelan President Nicolás Maduro’s removal from power, according to data from the Polymarket prediction platform. The anonymous account placed bets on contracts tied to Maduro’s removal days before a US military operation captured him, Reuters data shows. Read More: Maduro pleads […]
financial news
Bitcoin suffers worst monthly slump since 2022 crash
Bitcoin is heading toward its steepest monthly decline since the devastating crypto meltdown of 2022, as the digital asset market reels from a sharp and widespread sell-off. The world’s largest cryptocurrency has plunged to a seven-month low, falling below $86,000 and wiping out all gains earned earlier this year. The downturn has rattled the broader […]
PSX rebounds as KSE-100 surges over 2,400 points
KARACHI – The Pakistan Stock Exchange (PSX) witnessed a strong rebound on Friday, with the benchmark KSE-100 Index climbing by 2,496.07 points during intraday trading. The index registered a gain of 1.59 percent to reach 159,228.94 points, recovering sharply from Thursday’s decline. The recovery comes after the market suffered a major setback a day earlier, […]
Bears dominate PSX as investors book profits ahead of weekend
KARACHI – The Pakistan Stock Exchange (PSX) extended its losing streak on Friday as bearish sentiment gripped the market, with investors opting to book profits before the weekend. During intraday trading, the benchmark KSE-100 index plunged by 1,100.4 points, falling to 163,490.37 points — a 0.67% decline. Analysts attributed the sell-off to profit-taking after an […]