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Krissanaporn Detrapipat | Moment | Getty ImagesCompany: Rapid7 (RPD) work: Rapid 7 is a global cybersecurity software and services provider. Its products span information security, cloud operations, development, and information technology teams, empowering them to understand attackers and use that information to control a fragmented attack surface. Rapid7 Managed Threat Complete is its flagship product and includes the Rapid7 Managed Detection and Response program. Rapid7 also offers risk and threat coverage through its InsightIDR and Insight VM services, delivering them in one package. The company’s security solutions help more than 11,000 customers worldwide unify cloud risk management and threat detection.Stock…

Ignoring all election-related concerns, foreign institutional investors (FIIs) bought Indian stocks worth around Rs 26,565 crore in June ahead of the Union Budget and India’s inclusion in JP Morgan’s bond index.After being net sellers for the past two months, FIIs have reversed course on the expectation that reforms will continue even after the elections.Improved GDP growth forecasts and robust earnings from Indian companies have also increased their allure, analysts said.”Political stability despite the BJP failing to win a majority on its own and a sharp market recovery supported by steady DII buying and active retail buying have forced FIIs to…

Ford’s electric truck is on display at the Electrify Expo DC on July 23, 2023 in Washington, DC.Nathan Howard | Getty ImagesFord Motor Company The company plans to launch a profitable, $30,000 all-electric vehicle within about two and a half years, CEO Jim Farley said at the Aspen Ideas Festival on Friday.Farley didn’t offer many details about the vehicle, which is being developed by Ford’s “Skunk Works” team, but said his main competitors are expected to be Chinese automakers, including: BYD The entry-level vehicle we expect from the US EV leader Tesla.Farley said Ford is focusing on small EVs first,…

The IRS said it was trying to avoid burdening users of stablecoins, especially if they are used to buy or pay for other tokens. Essentially, regular crypto investors and users who don’t make more than $10,000 a year from stablecoins will be exempt from reporting. Sales of stablecoins, the most frequent type of activity in the crypto market, will be tallied together in an “aggregate” report rather than as individual transactions, but more sophisticated, high-volume stablecoin investors will not be covered, the IRS said. The IRS said that these tokens are not exempt, despite their aim to maintain stable value,…

As the sun sets, a ferry glides across the waters of the Golden Horn, with the Suleymaniye Mosque and the city of Istanbul, Turkey, in the background. Vw Photo | Universal Image Group | Getty ImagesThe Financial Action Task Force (FATF), an international watchdog group that specializes in combating money laundering and illicit financial flows, removed Turkey on Friday from its “grey list” of countries requiring special monitoring, giving the country a boost in confidence as it tries to revive its economy.”FATF welcomes Turkey’s significant progress in improving its AML/CFT regime,” the Paris-based organization wrote in its latest report, using…

Although the stock market has performed well in the first half of the year, with the S&P 500 up about 15%, investors still have an opportunity to find undervalued stocks with solid dividends. With the Federal Reserve expected to start cutting interest rates later this year, bond yields will also fall, which could make dividend stocks more attractive. The central bank has signaled it will start cutting interest rates this year, but currently expects only one rate cut in 2024. The income generated by these dividend-paying stocks could help protect investors’ portfolios in a turbulent market. To find dividend stocks…

NEW DELHI: Market regulator Securities and Exchange Board of India (SEBI) on Friday imposed a total penalty of Rs 375 crore on dairy company Kwality’s former promoter and MD Sanjay Dhingra and other parties for misrepresenting the company’s financials. Kwality went into insolvency proceedings in December 2018 and was acquired by Sarda Mines in 2022 after going through liquidation process. The regulator separately imposed a fine of Rs 15 million each on Sanjay Dhingra and Siddhant Gupta (former directors and audit committee members of Kwality) and Rs 7.5 million on Satish Kumar Gupta (Chief Financial Officer). Regulators also banned the…

The Canadian Office of the Superintendent of Financial Institutions has approved VersaBank’s acquisition of Minnesota-based Stearns Bank Holdings, giving it the final regulatory approval needed for the cross-border alliance, the London, Ontario-based bank announced this week. The Canadian bank said in a press release on Tuesday that it aims to complete the transaction by Aug. 30. The transaction received approval from three regulatory agencies in just a few weeks: from the Federal Reserve on June 6, the Office of the Comptroller of the Currency on June 14, and OSFI on June 25. This is in stark contrast to the two…

The bar in the Delta One Lounge at New York’s John F. Kennedy International Airport.Leslie Josephs | CNBCDelta Airlines The most exclusive airport lounge opened this week for travelers with the right ticket.The Delta One Lounge at Delta’s hub at New York’s John F. Kennedy International Airport is available to passengers departing or arriving in the airline’s top-of-the-line Delta One cabin, the US airline’s latest move to woo higher-paying customers. CNBC got a peek inside ahead of the opening.The 39,000+ square foot space will feature an upscale sit-down restaurant, a bakery offering light fare and a walk-up food counter, as…

A Levi’s store at the Vineland Premium Outlets in Orlando, Florida.Jeff Greenberg | Universal Images Group | Getty Images”Denim on denim, denim on denim,” Beyoncé sings in the lyrics of her latest album.Levi Strauss Shoppers are taking that advice to heart, and executives at Levi Strauss are ecstatic.Western wear is booming as consumers increasingly favor a top-to-bottom denim look, the 171-year-old clothing maker said Wednesday. As the style gains cultural acceptance, its popularity is seeping into denim niches like shirts, skirts and dresses outside of Levi’s well-known blue jeans lineup.”The popularity of western wear is at an all-time high,” Chief…