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The tenth edition of the HBL Pakistan Super League (PSL) formally began on Thursday with a glitzy opening ceremony at the Rawalpindi Cricket Stadium. Among the performers at the ceremony were Abida Parveen, Ali Zafar, Natasha Baig and popular rap duo Young Stunners. Islamabad United and Lahore Qalandars kicked off the first match of the tournament at 8:30pm. That it marks a decade of the country’s very own cash-rich franchise T20 tournament, is probably one of the very few special things about this year’s PSL, given where Pakistan cricket stands today. The tournament has come amid the Pakistan Cricket Board’s…

Crypto-backed loan provider APX Lending has secured a $20 million accordion facility from Cypress Hills, a private credit investment firm. An accordion facility is a provision that allows a borrower to increase their borrowing without renegotiating the entire agreement. In effect, it expands like an accordion. Toronto-based APX, which offers lending with digital assets as collateral, plans to use the facility to accelerate its expansion in Canada to meet rising demands for crypto-backed loans, according to an emailed announcement shared with CoinDesk on Friday. “This accordion facility from Cypress Hills marks a major step forward in our mission to make…

Gold is often considered a safe-haven investment because it typically acts as a hedge in times of political and financial uncertainty. Prices are currently soaring amid fears of a global trade war and its potential to push the U.S. economy into recession.However, some analysts think gold prices may have peaked.”We’re probably close to maximum optimism on gold at this point,” said Sameer Samana, head of global equities and real assets at the Wells Fargo Investment Institute. Investors who chase returns may find themselves regretting it later.”It’s so overbought,” Samana said. “Buying gold right now, you’re coming a little late to…

The United States Congress recently voted to repeal the Internal Revenue Service’s (IRS) controversial decentralized finance (DeFi) broker rule, a big win for crypto. And on Thursday President Trump killed the measure for good. But let’s not fool ourselves — there’s more pain to come. In December 2024, the IRS proposed a broad rule requiring DeFi platforms to follow standard crypto broker tax rules, including extensive user KYC and other disclosures. The crypto industry pushed back immediately, with numerous blockchain groups suing the IRS almost as soon as the rule was announced. DeFi platforms aren’t designed to collect this type…

The tenth edition of the HBL Pakistan Super League (PSL) formally began on Thursday with an opening ceremony at the Rawalpindi Cricket Stadium. Among the performers at the ceremony were Abida Parveen, Ali Zafar, Natasha Baig and popular rap duo Young Stunners. Islamabad United and Lahore Qalandars kicked off the first match of the tournament at 8:30pm. That it marks a decade of the country’s very own cash-rich franchise T20 tournament, is probably one of the very few special things about this year’s PSL, given where Pakistan cricket stands today. The tournament has come amid the Pakistan Cricket Board’s (PCB)…

Washington CNN  —  Americans are rarely this pessimistic about the economy. Consumer sentiment plunged 11% this month to a preliminary reading of 50.8, the University of Michigan said in its latest survey released Friday, the second-lowest reading on records going back to 1952. April’s reading was lower than anything seen during the Great Recession. President Donald Trump’s volatile trade war, which threatens higher inflation, has significantly weighed on Americans’ moods these past few months. That malaise worsened leading up to Trump’s announcement last week of sweeping tariffs, according to the survey. “This decline was, like the last month’s, pervasive and…

Bitcoin is currently trading at $79,150, showing a modest 1.8% gain in the last 24 hours, although it remains down about 4% over the past week. The recent price movements come amid growing global trade tensions and new tariffs announced by President Donald Trump. These tariffs, aimed at several countries, have sparked broader market volatility. While equities have been hit hard—with the S&P 500 dropping 12% between April 2 and April 8—Bitcoin’s decline over the same period has been far less severe. This has prompted analysts to re-evaluate Bitcoin’s relationship with traditional markets. Grayscale’s head of research, Zach Pandl, noted…

Pakistan beat Scotland by six wickets in a rain-curtailed encounter on the back of an unbeaten knock by Aliya Riaz in their second One-Day International (ODI) encounter of the ICC Women’s World Cup 2025 Qualifiers in Lahore. The hosts were chasing 187 to win under the Duckworth-Lewis method in a match that was curtailed to 32 overs per side due to rain delaying the start of play. The hosts eventually chased it down with ease, getting 190 for 4 — with eight balls to spare, thanks to player of the match Aliya’s unbeaten 68 not out. Speaking at the post-match…

Misinformation and lack of trust in traditional institutions runs rampant in our society.The regulated financial sector is no different, particularly among young people. Roughly 38% of Gen Zers get financial information from YouTube, and 33% from TikTok, according to a recent Schwab survey.As a former regulator and author of kids’ books about money, I am truly horrified by the toxic advice they are getting from these unqualified “finfluencers” — advice which, if followed, could cause lasting damage to their financial futures.Most troubling are finfluencers who encourage young people to borrow. A central theme is that “chumps” earn money by working hard…

CNN  —  US wholesale prices fell last month, new data showed Friday, an indication that inflationary pressures weren’t necessarily building before they reach the consumer. The better-than-expected Producer Price Index reading — which showed that the prices paid to producers fell 0.4% in March from the month before and slowed sharply to an annual rate of 2.7%, from 3.2% — provides a snapshot before President Donald Trump’s aggressive trade policies fully kick in. However, the sharp drop in the overall index was partly attributable to broader concerns that the global economy will slow because of that drastic shift in US…