The rise in gasoline prices suggests that inflation is at its peak, as a result, the U.S. consumer price growth slowed sharply in April. Last month, the consumer price index rose 0.3%, registering the smallest gain since last August. The CPI picked up 0.6% after rising 0.3% in March excluding the volatile food and energy components. The core CPI surged 6.2% in the 12-months through April.

A payment services company, Worldline India has announced its collaboration with the Bank of India to digitize e-challan collections for Madhya Pradesh police department. An MoA has been signed between BOI and the police department to merge the Point of Sale terminals with the e-challan portal of the police department. Worldline will help to offer 600 POS terminals to MP Police Department.

According to the recent press release, Binance & Mobileum Technologies Inc got into an agreement. Mobilum is a Fiat-to-DEX Tokens rails provider.Binance will employ Mobilum’s rails and fully compliant payment institution infrastructure to increase users' freedom of money.According to the terms of the agreement, Binance will use payment transactions services & money remittance services of Mobilium.

Openverse, a Web3 enablement platform for creators, brands, and businesses, was launched today. The project was launched by the Amber Group, a leading global digital asset platform. The project will act as an entry for Amber Group into the metaverse. Openverse will be a one-stop platform that will create entry points into metaverse for creators, brands, and businesses.

Lloyds Steels Industries reported a Net Sales at Rs 18.25 crore in March 2022 up 336.14% from Rs. 4.18 crore in March 2021. Quarterly Net Profit at Rs. 1.25 crore in March 2022 up 201.27% from Rs. 1.24 crore in March 2021. EBITDA stands at Rs. 8.37 crore in March 2022 up 2561.76% from Rs. 0.34 crore in March 2021. Lloyds Steels EPS has increased to Rs. 0.01 in March 2022.

The Reserve Bank of India has informed that it has prolonged the period of restriction on two co-operative banks due to their worsening financial condition. The extension has been done for Laxmi Co-operative Bank for three months from May 12 to August 11. The restrictions are to designate certain restrictions or ceilings on withdrawal or approval of deposits.

For the sixth day in a row, the crypto market witnessed a downside trend. Bitcoin has hit the lowest in the last ten months. Due to the continuous fear in the market, a decrease in the number of Bitcoin whales has been reported. The number hits extreme lows of 1775, making it the lowest in 18 months.

Skipper reported a Net Sales at Rs 552.65 crore in March 2022 up 11.12% from Rs. 497.35 crore in March 2021. Quarterly Net Profit at Rs. 25.13 crore in March 2022 up 176.59% from Rs. 9.08 crore in March 2021. EBITDA stands at Rs. 62.73 crore in March 2022 up 38.84% from Rs. 45.18 crore in March 2021. Skipper EPS has increased to Rs. 2.45 in March 2022.

Based on 7-day moving averages, the percentage of Ethereum addresses in profits is at its 21-month low. As of now, the percentage stands at a low of 66.774%, and similar figures were last seen on 08th October 2020. Since November 2021, the supply of Ethereum on exchanges has been going down, moving from 18.6 million in November to 15.1 million ETH in mid-April.

Volkswagen intends to expand its electric vehicle range in the U.S. with a fully electric pick-up and sports utility vehicle under the Scout brand. According to some people familiar with the matter, the carmaker would invest nearly 100 million euros in the new brand. The company intends to seek external funding via investors or an IPO to expand its production capabilities.

Avanse Financial Services, which is an education-focused NBFC has posted its highest ever disbursal of ₹2,927 cr in 2021-22 on the support of a revival in demand for loans in the after pandemic economy. The modern-age technology-driven NBFC had assets under management of around ₹4,836 cr at the end of FY22. Which has witnessed a growth by three times over 2020-21.

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Cereal Clubs, an NFT project launched in Feb 2022, is to release its very own physical cereal line. Customers can scan the QR code on the cereal box to take part in the ultimate cereal treasure hunt. The project aims for its cereal line to be distributed to retailers across the globe.

Real estate firm Lodha has announced that it has collaborated with Bain Capital and Ivanhoé Cambridge to make a logistics platform and illuminate industrial parks and intercity fulfillment centers. The firm will combine invest $1 billion to build around 30 million sq ft of operating assets to serve the digital economy. All the 3 partners will have a 33% equity interest each in the ownership.

On Wednesday, the share price of Coinbase Global (COIN) plunged after the release of its first-quarter revenues. A significant drop of 35% was seen in the Q1 revenues as compared to the last year's revenue of $1.17 billion. Coinbase regarded the current decline in the market as the cause of the revenue drop and warned that the drop might continue in the next quarter.