Wall Street’s main indexes opened lower on Friday as the Iran war approached its fourth week, roiling energy markets and prompting investors to aggressively reprice bets on the Federal Reserve’s interest-rate cuts.Read More
Federal Reserve Vice Chair for Supervision Michelle Bowman said on Friday she’s notably more in the way of interest rate cuts relative to her colleagues.Read More
Aluminium prices steadied on Friday as investors balanced the competing impacts of the Iran war and lower supply from disrupted operations in the Middle East against weaker demand from a spike in oil prices.Read More
FedEx shares surged about 7% in morning trading on Friday, after the package-delivery giant raised its full-year profit forecast and signaled steady shipping demand despite geopolitical tensions and surging fuel costs.Read More
India’s Zetwerk plans to confidentially file draft papers for an initial public offering within the next one to two weeks, aiming to raise up to $550 million at a valuation of about $4 billion, two people with direct knowledge said.Read More
Indian markets closed higher Friday, led by IT gains. Top movers: GMDC, Firstcry, Vodafone Idea, Happiest Minds, HDFC Bank, Acme Solar, and Petronet LNG.Read More
HDFC Bank fired three senior executives, including Sampath Kumar, over alleged mis-selling of Credit Suisse AT-1 bonds to NRIs. The controversy follows Atanu Chakraborty’s resignation and a sharp market value erosion, raising governance and investor trust concerns.Read More
Warren Buffett rejects market forecasting and instead focuses on identifying undervalued businesses. His philosophy emphasises fundamentals, rational thinking and intrinsic value, helping investors avoid emotional decisions. By ignoring short-term noise and trusting long-term value, investors can build wealth as markets eventually recognise a company’s true worth.Read More
India’s central bank has boosted its secondary-market government bond purchases significantly since the Iran war broke out, data showed on Friday.Read More
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