Author: Jordan

The SBI Funds Management IPO entered its second day of subscription on July 15, 2026, after witnessing steady investor participation on the opening day. As of 7:00 P.M. on Day 2, the IPO was subscribed 2.77 times, with investors closely tracking subscription trends across the retail, non-institutional investor (NII), and qualified institutional buyer (QIB) categories ahead of the issue’s closure on July 16, 2026. The ₹9,812.91 crore public issue opened for subscription on July 14, 2026, and will remain open until July 16, 2026. The basis of allotment is expected to be finalised on July 17, 2026, while shares are…

Chief Minister Fabian Picardo dismissed the Opposition’s portrayal of Gibraltar as facing a financial and governance crisis in a budget reply, adding the UK/EU treaty, economic growth and sustained investment in public services demonstrated a markedly different picture. The Opposition’s arguments and criticism of the Government failed to grapple with the detail of the estimates book and amounted to political rhetoric riddled with contradictions, he said. Mr Picardo was speaking in Parliament on Thursday after two historic days for Gibraltar in which the treaty was signed and immigration controls were lifted at the border at midnight on Tuesday, and where…

Alaska Energy Metals Corp. July 16 reported results of metallurgical testing that could help establish the foundation for evaluating the economics of building a mine and processing plant at the company’s Nikolai nickel-copper-cobalt-platinum group metal (PGM) project in Alaska.Lying about 50 miles south of Delta Junction, Alaska, the Eureka Zone deposit at Nikolai hosts 1.19 billion metric tons of indicated resource averaging 0.21% (5.61 billion lb) nickel, 0.07% (1.77 billion lb) copper, 0.02% (442 million lb) cobalt, 0.01 grams per metric ton (469,000 oz) gold, 0.09 g/t (3.33 million oz) palladium, 0.05 g/t (1.72 million oz) platinum, 0.3% (7.86 billion…

Thomas Cook (India) Limited, India’s leading omnichannel foreign exchange services provider, has introduced Zero Markup Card by relaunching its One Currency Card with Zero Mark-up and Zero Cross-Currency Conversion Charge. Designed for India’s rapidly growing base of digitally savvy and frequent international travellers, the card offers a smarter, more transparent and cost-efficient payment solution for overseas travel. The company’s latest offering combines the convenience of modern travel cards with the inherent advantages of a prepaid forex card, including the ability to lock in foreign exchange rates before travel. This provides customers protection against currency volatility — a key concern amid the heightened…

Gold the commodity most investors associate with the category — doesn’t currently appear at all in one broad commodities fund’s portfolio. Refined fuel contracts top the lineup instead. Key Takeaways: Commodities rallied 24.4% in Q1 2026, and advisors are using them to diversify beyond stocks and bonds. Four broad commodities ETFs pick holdings differently, from equal weighting to active roll management. Most commodities ETFs now skip the K-1 tax form, and advisors typically allocate 5% to 15%. Broad commodities ETFs spread bets across everything from crude oil to cocoa. The category drew fresh attention in 2026 as energy-driven price swings…

Homeowners with some tolerance for uncertainty might find that an adjustable-rate mortgage is worth considering as a way to get a low introductory rate before the adjustments kick in. This loan type can be a particularly good choice if you’re aiming to rent out for flip the property, or when you know you intend to move before the loan’s fixed-rate period ends. Keep reading and we’ll explain how ARMs work, consider when an ARM is worth considering as an alternative to a fixed-rate mortgage, and consider average ARM rates according to Mortgage Resource Center data. You can see the previous…

Key Takeaways Median bank account balances in the U.S. range from $5,400 for those under 35 to $13,400 for ages 65–74, according to Federal Reserve data. Couples report higher median savings than single households, while college-educated households have the highest bank balances. To boost your savings faster, consider a top high-yield savings account, money market account, or CD. Get personalized, AI-powered answers built on 27+ years of trusted expertise. How Much Cash Americans Keep in the Bank—And Where You Stand Ever wondered how your bank balance compares to others? Federal Reserve data reveals what savings a typical American has by age,…

Last week’s ceremony at State House had all the trappings of a historic moment. President William Ruto signed the Sovereign Wealth Fund Act, 2026 into law, flanked by the Deputy President, the Treasury Cabinet Secretary, the Speakers of both Houses and a parade of bank chief executives. One of the ceremony’s most striking moments was the presence of schoolchildren in uniform, brought on stage to symbolise the Act’s promise that the new fund is intended to serve future generations. Speaker after speaker invoked Norway’s sovereign wealth fund. Kenya, they declared, had finally embraced the Norwegian model—the global gold standard for…

The consignments included electronics, pharmaceuticals, gems and jewellery, and were dispatched from locations including the seaports of Mundra, Nhava Sheva and Chennai, and air cargo complexes at Mumbai (Sahar), Kolkata and Hyderabad.Agrawal said the agreement is between two major and complementary economies.Calling CETA one of India’s most aspirational trade agreements, he said more than 800 technical sessions were held over 14 formal rounds of negotiations before the pact was concluded.”It is a win-win agreement between the two countries, which will have a shadow across economic relations,” Agrawal said while addressing industry representatives and exporters on the day the agreement came…

A 19-year-old entrepreneur is betting that artificial intelligence can bring hedge fund-style investing tools to ordinary traders. Horizon Trade is launching an AI-native platform designed to allow users to describe an investment idea in plain language, test it against historical market data, and automatically deploy it across trading platforms.The company, founded by Tuvia Ohana, has raised a $2 million pre-Seed round from Entrée Capital and says more than 23,000 traders and investors have joined its waitlist ahead of the platform’s launch.Ohana founded Horizon after completing high school at 16 and building his first business at a young age. Before starting…