Wall Street indexes plunged Thursday, with the Nasdaq confirming a correction amid escalating U.S.-Iran tensions. Soaring oil prices and inflation fears drove the sell-off, as investors grappled with “fog of war” uncertainty. Tech and communications stocks led the decline, while energy shares gained.Read More
Traders are making significant bets on Brent crude oil prices soaring to $150 a barrel by April end. This surge is driven by ongoing conflict in the Middle East disrupting supplies through the Strait of Hormuz. Options trading shows a tenfold increase in such bets, indicating anticipation of extreme price movements.Read More
FTSE Russell will lower the minimum free-float requirement for all companies in the FTSE UK Index Series to 10% from June 2026, aligning it with the London Stock Exchange’s rule. This change aims to better reflect the UK market by removing the disparity for non-UK companies, which previously faced a 25% threshold.Read More
Apple is set to open its Siri voice assistant to other artificial intelligence services. This move will allow users to connect with AI platforms like Alphabet’s Gemini and Anthropic’s Claude directly through Siri. The change aims to boost Apple’s AI capabilities and position the iPhone as a versatile AI hub.Read More
Meta Platforms shares tumbled 7% after two verdicts found the social media giant liable for harm to young users. These rulings, totaling hundreds of millions in fines, could expose Meta to extensive litigation by targeting platform design, potentially leading to billions in damages and forcing significant business practice changes.Read More
New applications for U.S. unemployment benefits rose slightly last week, suggesting the labor market remains stable and likely giving the Federal Reserve scope to hold interest rates steady while monitoring inflation risks from the conflict in the Middle East.Read More
U.S. insurers Equitable and Corebridge Financial said on Thursday they will merge in an all-stock deal that would create a $22 billion retirement, life insurance and asset management company.Read More
Wave Life Sciences shares plunged 58% on Thursday after a higher dose of its experimental obesity drug failed to show a clear improvement at reducing a dangerous type of belly fat.Read More
Indian benchmark indices rallied for a second session, led by banks, auto and consumer stocks. Nifty climbed above 23,300 while Sensex reclaimed 75,000. Analysts see near-term bullish momentum, though global uncertainties, volatility and resistance levels may cap further upside.Read More
Chennai Petroleum Corporation announced an interim dividend of Rs 8 per share for FY 2025-26, payable by April 25. Shares remain strong, up over 60% in a year, trading above key moving averages.Read More
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