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India’s Rush For Luxurious Lifestyle | Luxury Housing Market Boom | Vantage with Palki Sharma India is seeing a mad rush for a luxurious lifestyle. Whether it is the housing market, the high-end automobile or liquor industry– India’s rich are getting it all. And breaking records while doing so. So what industries are benefiting from this boom? And keeping the wealth gap in mind– is only the crust of Indian population contributing to it? Palki Sharma answers these questions and more. ——– #vantageonfirstpost #palkisharma #firstpost #worldnews #globalnews Firstpost is an Indian news and media website. Get all the incisive opinions,…

IT TOOK A jury just four hours to deliberate on the seven, complicated charges of financial fraud facing Sam Bankman-Fried, the founder of FTX, a cryptocurrency exchange. They had to parse what would make him guilty of defrauding his customers and his lenders; and of conspiring with others to commit securities fraud, commodities fraud and money-laundering. After 15 days of testimony they had clearly heard enough. They convicted him of each and every count. He faces a maximum sentence of 110 years in jail.Only a year has elapsed since ftx imploded. In its heyday the exchange was one of the…

In a significant move to combat sanctions evasion and illicit financial activities, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Ekaterina Zhdanova, a Russian national allegedly involved in laundering and transferring funds using crypto on behalf of Russian elites.  According to the announcement, the action aligns with the G7’s commitment to closing loopholes that allow Russian state actors, oligarchs, and proxies to exploit virtual currency to circumvent international sanctions. Crypto Money Laundering Exposed Under Secretary of the Treasury for Terrorism and Financial Intelligence, Brian E. Nelson emphasized the alleged role played by…

Online delivery company DoorDash Inc. on Wednesday reported third-quarter results that beat expectations, as its expansion beyond restaurants helped grow orders, but it said it expected “significant levels of ongoing investment” up ahead as it tries to widen its service options. DoorDash DASH, +15.67% shares jumped 8% in after-hours trading. The company reported a third-quarter net loss of $75 million, or 19 cents a share, compared with $296 million, or 77 cents a share, in the same quarter last year. Sales jumped 27% to $2.16 billion. Analysts polled by FactSet expected DoorDash to lose 40 cents a share, on revenue…

Exchange traded funds (ETFs) are a cost-efficient way to access a variety of investment exposures and hence have gained much popularity among investors. To keep up with the demand for transparent, liquid, cost-effective diversified investment products, new and advanced versions of ETFs have been developed over the years. With these innovations, ETFs have become not only more numerous and popular but also more complex. One such innovation is the synthetic ETF, which is seen as a more exotic version of traditional ETFs. Key Takeaways Instead of holding the underlying security of the index it’s designed to track, a synthetic ETF tracks the…

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Crypto hardware wallets, also called cold storage, have made it easy to store your cryptocurrencies securely. Hardware crypto wallets cannot be hacked, do not keep private keys on any online network, and they give you peace of mind about the security of your digital asset investments. Hardware crypto wallets never connect to the internet unless you connect them to your internet-connected computer to perform a crypto transaction. After completing your crypto transaction and disconnecting the wallet from the computer, no one can access your wallet online. If you buy a hardware wallet that has a secure backup system, is made…

Alex Tofts is senior PR and marketing executive at UK broadband comparison website Broadband Genie Our new study has discovered the slowest and fastest streets for broadband in the UK. In a shock surprise, Morriston Close in Watford street was named the UK’s slowest street, with an average speed of 0.6Mb. To give you an idea what that feels like, it doesn’t meet any of the popular streaming services minimum requirements and would take almost two days to download ‘Avengers: Endgame’. In contrast, the fastest street can be found in Northampton. Meadway boasts average download speeds of 896.3Mb, that’s 1,494 times…

E.l.f. Beauty Inc.’s ELF, +2.06% stock initially soared 10% in extended trading Wednesday after the company reported quarterly results that topped analyst revenue and earnings estimates. E.l.f. reported fiscal second-quarter net income of $33.3 million, or 58 cents a share, compared with net earnings of $11.7 million, or 21 cents a share, in the year-ago quarter. Adjusted net income was 82 cents a share. Net sales surged 76% to $215.5 million, compared with $122.3 million a year ago. Analysts surveyed by FactSet had expected on average net earnings of 53 cents a share on revenue of $197.1 million. The company…

Active vs. Passive ETF Investing: An Overview Traditional exchange-traded funds (ETFs) are available in hundreds of varieties, tracking nearly every index you can imagine. ETFs offer all of the benefits associated with index mutual funds, including low turnover, low cost, and broad diversification, plus their expense ratios are significantly lower. While passive investing is a popular strategy among ETF investors, it isn’t the only strategy. Here we explore and compare ETF investment strategies to provide additional insight into how investors are using these innovative instruments. Key Takeaways ETFs have grown in popularity greatly over the past decade, allowing investors low-cost access…