US stocks surged to record highs as the S&P 500 and Nasdaq rallied on strong corporate earnings and hopes of progress in US-Iran negotiations. Investors are betting on reduced geopolitical risk despite ongoing sanctions and tensions. Financial stocks led gains, while volatility dropped to its lowest level since February.Read More
US Federal Reserve Beige Book shows economic activity and employment remain steady, but rising energy prices driven by the Iran conflict are creating uncertainty. Businesses are delaying investment and hiring decisions, while inflation pressures persist due to higher fuel and input costs, even as wage growth remains muted overall.Read More
Mark Mobius, a pioneer of emerging markets investing, has died at 89. Known for decades at Franklin Templeton Investments, he championed opportunities across developing economies, delivering strong returns and shaping global investment strategies worldwide.Read More
Logistics firm Delhivery witnessed substantial block deal activity as Nexus Venture Partners offloaded shares. Goldman Sachs, Morgan Stanley, and domestic mutual funds were among the prominent buyers, acquiring significant stakes. Despite a slight dip in share price, Delhivery has shown strong year-on-year growth and outperformance.Read More
Two of America’s most popular national pizza chains are edging closer to selling to new owners as stiff competition, rising commodity costs and waning consumer demand are undercutting performance, according to five people familiar with the discussions.Read More
The Nifty 50 ended higher as US–Iran talks optimism lifted sentiment, with IT, auto, banks and FMCG driving gains. Technical strength above key EMAs and improving RSI signal bullish momentum, though resistance near 24,300 may cap near-term upside.Read More
Copper prices rebound after Strait of Hormuz tensions ease and demand outlook improves, supported by China’s inflation data. However, rising London Metal Exchange inventories may cap gains, even as technical indicators signal bullish near term momentum.Read More
Copper prices rebound after Strait of Hormuz tensions ease and demand outlook improves, supported by China’s inflation data. However, rising London Metal Exchange inventories may cap gains, even as technical indicators signal bullish near term momentum.Read More
Federal Reserve Bank of Cleveland President Beth Hammack said on Wednesday that while she sees no imminent need for the central bank to change its interest rate target setting, it’s possible cuts or even hikes could lie ahead.Read More
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