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Finance News Summary Today — Page 103
Stock market, bitcoin, oil prices and economic news — daily finance summary
Jeanine Pirro drops appeal of Fed subpoena ruling
U.S. Attorney Jeanine Pirro has asked a judge to vacate the March order that nullified her subpoenas to the Federal Reserve, effectively scrapping her planned appeal. The move leaves the Fed’s legal c
Dow slides 400 pts, oil up 5% on Iran tension
Wall Street tumbled as renewed Iran tensions sparked a 5% oil surge, dragging the Dow down 400‑540 points and pulling the S&P 500 and Nasdaq off their record highs and historic streaks. CNBC, the New
European markets open mostly positive as Trump threatens new auto tariffs
European markets opened modestly higher as investors weighed Trump’s fresh 25% auto‑tariff threat and his new ‘Project Freedom’ plan to escort ships through the Strait of Hormuz, while European leader
Strategy pauses bitcoin buys before Tuesday earnings
Strategy, the biggest publicly‑traded Bitcoin treasury, halted its weekly BTC purchases just ahead of its Q1 earnings, a move that underscores the shift from a software firm to a Bitcoin financing veh
Veteran trader Peter Brandt sees bitcoin hitting $250,000, but only after a bottom later this year
Veteran commodities trader Peter Brandt says Bitcoin will bottom in September‑October 2026 and then surge to $250,000 by late 2029, following the historic four‑year halving cycle. His timeline clashes
Trump launches Project Freedom to free Hormuz ships
President Trump unveiled Project Freedom, a U.S. operation deploying 15,000 service members, guided‑missile destroyers and over 100 aircraft to escort civilian ships out of the Strait of Hormuz starti
Americans still prefer banks over crypto for financial access, CoinDesk's survey shows
A CoinDesk‑commissioned poll of 1,000 U.S. voters finds 65% trust banks over crypto for financial inclusion, while only 5% favor crypto and 60% view it as a negative economic force. Even though 27% ha
U.S. crude oil exports surge to record as tankers flock to Gulf Coast during Iran war
Iran’s war‑driven blockade of the Strait of Hormuz has forced Asian buyers to look elsewhere, driving U.S. Gulf Coast crude exports to a record 5.2 million barrels a day in April, with Corpus Christi
Sam Peltzman Finds 2020 Happiness Crash Unrepaired
A new analysis of half‑century‑long survey data shows the pandemic triggered a historic plunge in U.S. happiness, with the biggest drop among the most educated, suggesting a lasting shift in how Ameri
Motilal Oswal VP outlines investing principles for retail
A Motilal Oswal Financial Services VP of Research outlines core investing principles for retail investors, emphasizing a 70:30 core-tactical portfolio split, moat-focused stock selection, sector diver
Police arrest suspect rat poison in HiPP baby food
Austrian police have arrested a suspect after rat poison was discovered in HiPP baby food jars on supermarket shelves, prompting a nationwide recall and heightened scrutiny of food safety. Multiple ou
Berkshire Hathaway Earnings: Cash Hits Record $380 Billion on Stock Sales and Solid Q1 Results - Morningstar
Berkshire Hathaway’s cash pile surged to a record $380 billion in Q1, driven by stock sales and solid earnings. All three outlets—Morningstar, Yahoo Finance and CNN Business—converge on the figure and
Dimon warns recession; chair shift sparks volatility
JPMorgan’s Jamie Dimon warned that a looming credit recession will be far worse than expected, while a pending Fed chair change to Kevin Warsh will stir short‑term turbulence in Treasury yields and cr
Warren Buffett warns gambling mood at Berkshire meeting
At Berkshire Hathaway’s annual meeting, Warren Buffett warned that investors are in a gambling mood, singling out crypto and prediction markets as especially risky. Fortune, CNBC and Yahoo Finance all
U.S. Debt Surpasses 100% of GDP, Interest Costs Loom
U.S. debt topped 100% of GDP as of March 31, and analysts warn that soaring interest payments will become the primary driver of future deficits, limiting the Federal Reserve's policy options and resha
Mortgage rates erased 9 months of gains, but buyers haven’t blinked - thestreet.com
Mortgage rates have surged, wiping out nine months of price gains, yet buyer activity remains robust. A modest 11‑basis‑point dip in the 30‑year refinance rate on May 2, 2026 offers a brief reprieve a
DICGC Insures Up to ₹5 Lakh Per Depositor Per Bank
DICGC, operating under the RBI framework, insures Indian bank depositors up to ₹5 lakh per depositor per bank, covering principal and interest across savings, fixed, current, and recurring accounts.
Indian banks offer up to 7% FD rates, 5‑year tax‑saving lock‑in
India’s major banks are currently offering some of the highest fixed‑deposit rates in years, with up to 7% for regular savers and up to 7.5% for seniors, while tax‑saving deposits lock in five‑year re
Top economist Gary Shilling says a recession and a deep stock-market plunge are likely by year-end - Business Insider
Top economist Gary Shilling warns that a recession and a sharp stock‑market plunge are likely by year‑end, a stark macro outlook that aligns with Business Insider’s broader coverage of widening wealth
Bitcoin mining stocks climb in 2026 as BTC lags behind
Bitcoin’s price is down about 20% YTD, yet its mining giants are rallying—TeraWulf jumped 85% and Riot Platforms logged $167 M in Q1 revenue—driven by a rapid shift into AI and high‑performance comput
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