Oil prices saw sharp swings as Iran attacked energy targets. The US is boosting supply to counter rising costs before November elections. Brent crude rose, while US crude futures briefly turned negative. Attacks hit gas fields and refineries in the Middle East. European gas prices surged. The US may ease sanctions on Iranian oil.Read More
Wall Street bank capital would fall 4.8% under softened capital rules unveiled by U.S. bank regulators on Thursday, freeing up billions in dollars for lending, dividends and share buybacks in a stunning victory for the industry which had faced double-digit hikes under the original 2023 plan.Read More
Gemini Space Station and its billionaire founders Cameron and Tyler Winklevoss were sued by shareholders who said they were defrauded about the cryptocurrency exchange’s business prospects, and suffered losses as a strategy shift, mounting losses, job cuts and executive departures caused the stock price to fall.Read More
HDFC Bank’s US-listed shares dipped further following the former chairman’s sudden resignation, citing ethical concerns. Despite management’s reassurances and a lack of specific details, investors remain cautious. Analysts, however, see the stock correction as a potential buying opportunity, emphasizing the bank’s strong fundamentals and leadership continuity over perceived tactical differences.Read More
An overnight jump in oil prices on the heels of a hawkish Federal Reserve policy meeting has further narrowed the window for the interest rate cut President Donald Trump has demanded and upped the odds that his nominee to lead the U.S. central bank may need to tighten borrowing costs early in his tenure.Read More
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