2 دن پہلے
Solana Strikes $5B Luxury Tokenization Deal Covering Birkin Bags, Rolex Watches and Chanel Fashion
Solana has reached a $5 billion agreement with a luxury-goods tokenization platform to bring high-end items such as Hermès Birkin bags, Rolex watches and Chanel fashion onto the blockchain. The project aims to use tokenization to improve liquidity and access for luxury assets and draw traditional high-net-worth investors into the crypto market. The move is seen as a major step for real-world asset (RWA) tokenization and could significantly expand the scale of assets and trading activity in the Solana ecosystem.
SOL
SOL+2.18%
2 دن پہلے
2 دن پہلے
Foreign investors sell Rs 3,112 crore of Indian equities on September 4 as domestic funds buy Rs 8,930 crore
On September 4, foreign institutional investors net sold Indian equities worth Rs 3,112 crore, while domestic institutional investors net bought Rs 8,930 crore. The Nifty 50 edged up 0.1% to 23898 and the Sensex rose 0.5% as equities pared losses on improved global sentiment and easing expectations of a US Federal Reserve rate hike. Brent crude held at $95.4 a barrel, while the rupee strengthened to 94.4 against the US dollar.
2 دن پہلے
2 دن پہلے
Rocket Lab shares slide about 49% in three months as investors wait for Neutron debut
Rocket Lab (RKLB) posted record second-quarter 2026 revenue of $234 million, up 62% year over year, and ended the quarter with $2.36 billion in backlog. The company also won its largest launch contract to date, a $266 million award covering up to 18 suborbital missions for the Space Force, and said it signed more than $1 billion in new contracts during the quarter and the weeks that followed. GAAP gross margin was 36.1% in the quarter, but management guided to 29% to 31% for the third quarter due to expected mix. The stock is down roughly 49% over the past three months, though it is up 28.7% over the past twelve months, outperforming the S&P 500.
2 دن پہلے
2 دن پہلے
Strong August U.S. jobs report lifts Treasury yields
U.S. nonfarm job growth accelerated sharply in August while the unemployment rate held steady at 4.1%, pointing to a stable labor market. After the data, markets priced about a 59% chance of a Fed rate increase at the September 15-16 meeting, up from about 55% beforehand, according to Reuters. The 2-year Treasury yield rose 5 basis points to 4.38% and the 10-year yield added 1 basis point to 4.776%, while the dollar index edged up 0.2% to 99.12.
2 دن پہلے
2 دن پہلے
Drought and conflicts lift global food prices as sugar jumps 11.9% in August
Global food prices rose in August, with the UN food price index up 1.9% from July and 2.5% from August 2025, accelerating from July’s pace, UN Food and Agriculture Organization data showed. Drought and conflicts continued to disrupt commodity markets, pushing sugar prices up 11.9% to their highest level since June 2025. Wheat prices were up 15% from a year earlier due in part to disruptions to Black Sea export logistics, while concerns linked to the closure of the Strait of Hormuz also supported maize prices, which rose 2.5%.
2 دن پہلے
2 دن پہلے
FAO: Global sugar prices jump 11.9% in August after India allows duty-free raw sugar imports
The FAO Sugar Price Index jumped 11.9% in August from the previous month, driven by weaker output prospects in Europe due to adverse weather and El Niño-related concerns in key Asian producers. India’s announcement of duty-free imports of raw sugar also contributed to the rise. Over the same period, FAO indexes for cereals, dairy, vegetable oils and meat also increased, according to the UN agency.
2 دن پہلے