Polygon Labs, Google Cloud, and Accenture collaborated on a paper detailing how brands can benefit from integrating Web3-based loyalty programs. The paper explores how Web3 technology can provide secure, scalable, and open infrastructure to transform underperforming loyalty programs, putting more emphasis on user experience. Blockchain integration into loyalty programs has shown benefits in terms of security, transparency, and interoperability, allowing brands to better understand their customers using onchain data for targeted marketing campaigns, products, and services.
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0 posts last weekKey Economic Data and Earnings to Guide US Stock Markets
The upcoming week on Wall Street will be influenced by key economic data, including US retail sales, factory output, and earnings reports from companies like Accenture and Kroger. Additionally, the previous week saw mixed results in the US stock market, with the Dow down 0.5%, the S&P 500 up 1.6%, and the Nasdaq rising 3.2%. The US dollar strengthened against the Japanese yen, while crude oil prices fluctuated and gold prices rose.
read moreIndian Stock Market Holidays and Trading Schedule for 2024
The Indian stock market will be closed on March 25 for Holi and on March 29 for Good Friday. The Multi Commodity Exchange (MCX) will have limited trading hours on March 25, and both MCX and NCDEX will be closed on March 29. Additionally, the BSE holiday calendar shows 14 trading holidays scheduled for 2024, with various closures throughout the year. Last Friday, domestic stocks surged, with the Nifty 50 index gaining 85 points and most sectors recording positive gains, except for IT due to a downward revision in revenue forecasts by Accenture for FY24.
read moreGlobal Stocks Mixed After Wall Street Hits Fresh Records
Stocks in Europe and Asia were mixed after Wall Street hit fresh records, led by gains in chipmakers. The S&P 500 and Dow Jones set all-time highs, with Micron and Broadcom driving the surge. Reddit soared 48.4% in its debut, while Apple faced a 4.1% slump due to an antitrust lawsuit. Treasury yields remained steady after the Federal Reserve’s rate cut expectations, and the U.S. economy showed resilience with better-than-expected job market and manufacturing data. The Swiss National Bank cut its key interest rate, while the Bank of England kept its main interest rate unchanged despite a sharp drop in inflation. U.S. crude oil prices and the dollar saw minor fluctuations in early trading.
read moreWorld Shares Mixed After Wall Street Records, Chipmakers Lead Gains
World shares were mixed after Wall Street set new records, with chipmakers leading the gains. European and Asian stocks showed a mixed performance, while the S&P 500 and Dow Jones futures edged higher. The Swiss National Bank surprised with a key interest rate cut, while the Bank of England kept its main interest rate unchanged despite a sharp drop in inflation. U.S. benchmark crude oil gained slightly, and the U.S. dollar slipped against the Japanese yen and the euro.
read moreStocks Mixed in Asia After Wall Street Hits Fresh Records
Stocks in Asia were mixed after Wall Street hit new records, with chipmakers leading gains. The S&P 500 and Dow Jones set all-time highs, while Micron surged 14.1% and Reddit climbed 48.4% in its debut. The Federal Reserve’s plan for rate cuts and unexpected economic resilience were also key points. The Swiss National Bank cut its key interest rate, while the Bank of England kept its main interest rate unchanged. Oil prices and currency exchange rates also saw movement.
read moreAccenture’s Weak Guidance Causes Major IT Stock Plunge at NYSE
Accenture’s weak guidance led to a 9% crash in its share price at the NYSE, causing a drop in ADR shares of Indian IT majors Wipro and Infosys.
read moreGlobal Markets React to Key Corporate Earnings and Economic Data
Investors are anticipating the release of the Manufacturing Purchasing Manager’s Index for March, while keeping an eye on corporate earnings reports from key companies such as Accenture, Darden Restaurants, Lululemon, FedEx, and Nike. The U.S. 10-year treasury yield was down, and WTI crude oil futures trended higher due to lower U.S. oil and gasoline inventories. In Asia-Pacific markets, Hong Kong and Japanese indices saw gains, driven by optimism over potential rate cuts in 2024, while Chinese indices ended mixed. European indices opened higher as investors await interest rate decisions from several central banks.
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