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How good was 2025 for brokerages? They made $115B
FINRA-registered brokerages’ gangbusters 2025 pushed up the industry’s pretax profits by more than one-third last year. Processing Content While the figures exclude wealth management firms without brokerage arms and include some companies that are broker-dealers but not wealth management firms, FINRA’s “2026 Industry Snapshot,” released last month, revealed important statistics for financial advisors. The six…
Scott Bessent says $1 coin with Trump’s face on it will ‘honor the enduring legacy of liberty’ with a ‘lasting symbol of patriotism’
The U.S. Mint is now producing a $1 coin featuring President Donald Trump’s face, tied to celebrations of America’s 250th birthday this year, the Treasury Department said Wednesday. The coin’s final design was approved earlier this year by the U.S. Commission of Fine Arts—a body whose members were appointed by Trump—though the version unveiled Wednesday…
Rupee rises for third session on softer crude, firmer dollar caps gains | Finance News
The rupee appreciated for the third consecutive session on Tuesday, aided by lower crude oil prices and continued dollar sales by a state-owned bank, likely on behalf of the Reserve Bank of India (RBI), dealers said. However, gains in the local currency were capped due to a rise in the dollar index…
EPFO passbook portal restored after software upgrade; members can access accounts again ahead of 8.25% interest credit
The Employees’ Provident Fund Organisation (EPFO) has brought its passbook portal back online after nearly two weeks of downtime caused by a major database consolidation and software upgrade. Now that the passbook portal has been restored, members will once again be able to log in and view their provident fund account statements. While logging in…
Reliance Industries Results Q1 LIVE: Mukesh Ambani’s Reliance Beats Street Estimates, Reports Best First-Quarter Profit, Revenue Above Rs 3.11 Lakh Crore
Live News Updated: Friday, July 17, 2026, 19:44 [IST] Reliance Industries Results Q1 LIVE: India’s largest company, Reliance Industries, is prepping to declare its Q1 results for FY27, Friday, July 17, 2026. Investors will closely watch Reliance’s performance in various segments like O2C, oil and gas, telecom, retail and media amidst global geopolitical uncertainties. Also,…
South Korea’s Kospi stock index is falling: Why AI chipmakers SK Hynix and Samsung are facing investor jitters
It’s no secret that investors are getting nervous about AI, leaving chipmakers’ shares struggling. Wednesday brought further evidence with South Korea’s Kospi (Korea Composite Stock Price Index) falling another 6%. The stock index is down over 32% in just the last month. The significant decline follows poor performance from two of the Kospi Index’s biggest…
