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For over three decades, the closing price was the volume-weighted average (VWAP) of all trades between 3:00 pm and 3:30 pm. Nobody actually traded at that price. It was a calculation, not a transaction. For long-term investors, nothing changes. For index funds and traders, the closing routine is now different.
We haven't written up this one. Times of India has the full story — the link below goes straight to it.
CleanSpark’s shares fell 5.5% on Thursday after the Bitcoin miner reported $138 million in quarterly revenue, narrowly missing Wall Street’s consensus estimate.
Bhawana Kanth was among the first three women to be commissioned as fighter pilots in the IAF in 2016.
Tamil Nadu CM C Joseph Vijay defended his proposal for talks with Karnataka on the Cauvery dispute, saying he was ready to bear insults if it benefited the state.
Danske Research Team expects United States (US) Nonfarm Payrolls (NFP) to rise by 70k in July, with the unemployment rate steady at 4.2% and average hourly earnings up 0.3% m/m.
Reformation’s edge on quality and value appears to be unproven.
Vessel traffic through the Strait of Hormuz has declined this week from the prior week amid uncertainty about the U.S.-Iran talks and the potential reopening of the Middle East’s key oil and LNG…