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Finance News Summary Today — Page 138
Stock market, bitcoin, oil prices and economic news — daily finance summary
Bitcoin Drops 2% to $68K as Trump Issues Iran Ultimatum
President Trump set an 8 p.m. ET deadline for Iran to reopen the Strait of Hormuz or face destruction, rattling global markets and pulling Bitcoin down 2% to $68,117 as oil surged past $115 a barrel.
RBI Pauses at 5.25%, Analysts See 50 Bps 2026 Hike
RBI held the repo rate at 5.25% as analysts expect a 50 bps hike in 2026, reversing 2025's 125 bps of cuts amid oil price spikes from the Iran-US war, a record-low rupee, and inflation concerns.
Dallas Fed: Prolonged Hormuz Closure Could Push US Inflation Past 4%
A Dallas Fed study warns that a prolonged disruption to oil shipments through the Strait of Hormuz could push U.S. headline inflation above 4% by year-end, potentially sending oil to $167 per barrel a
Sandip Agarwal: EPS +13% on rupee, banks, capital goods
Market strategist Sandip Agarwal says a 13% rupee depreciation will lift IT earnings by a similar margin, while sharply‑corrected banks and post‑war capital‑goods demand offer attractive value for inv
Pine Labs Stock Slides 45% From Peak as Analysts Warn
Pine Labs shares have fallen 45% from their post-IPO peak despite the company reporting a swing to profitability in Q3FY26, with analysts warning of elevated valuation and continued selling pressure.
John Carreyrou’s 18‑Month Probe of Bitcoin’s Creator
An 18-month investigation by John Carreyrou sought to unmask Satoshi Nakamoto, Bitcoin's anonymous creator, by delving into online cryptography communities. This comes as **Adam Back** publicly denies
12 Penny Stocks Doubled While Nifty Fell 7%
Twelve penny stocks delivered returns exceeding 100% over six months even as the Nifty fell 7%, with the rally driven by low liquidity and retail speculation rather than fundamental improvement.
Trump Pauses Iran Attacks, Oil Drops 16% Markets Surge
U.S. President Donald Trump’s pledge to halt attacks on Iran, conditional on the Strait of Hormuz reopening, triggered a sharp plunge in oil prices and a rally across Asian equity markets.
Geopolitics Overtakes Inflation as Top Central Bank Concern
A survey of nearly 100 central banks managing over $9.5 trillion in reserves found that geopolitical risk has surged to the top of their 2025 concerns, with 70% citing it as primary—double last year's
Ray Dalio: Stocks Ignore Prolonged World War Risk
Ray Dalio warned in an X post that equity markets are underpricing the risk of a prolonged, multi-front global conflict, saying the current US-Israel-Iran confrontation is part of a broader world war
Stocks Rally: Torrent Power, GAIL, J&K Bank, Ola
Indian markets extended gains for a third straight session amid volatility, with investor attention now shifting to potential ceasefire developments and the upcoming Monetary Policy Committee (MPC) me
Trump‑backed ceasefire slashes oil, lifts stocks
A two‑week U.S.–Iran ceasefire sparked a market rally, slashing oil to $94 a barrel, boosting S&P 500 futures over 2%, lifting currencies, gold and risk‑on assets, while the dollar fell broadly.
Nifty IT Index Gains 2.5% as Traders Build Long Positions
Indian IT stocks rallied as the Nifty IT index rose 2.5%, driven by bullish derivative bets, short covering, and a perception of cheaper valuations amid easing AI pressure and higher energy costs.
FPIs Sell ₹8,000 Crore Bonds as Hedging Costs Surge
FPIs sold ₹8,000 crore in Indian bonds after RBI curbs on banks' and corporates' open positions sent hedging costs to a near-two-decade high, with daily outflows more than doubling from prior levels.
Judge Chastises Gary Ng for Inaccurate AI Legal Filings
An Ontario judge chastised bankrupt businessman and former Bridging Finance co-owner Gary Ng for using AI to draft last-minute legal filings that cited nonexistent cases in his years-long bankruptcy p
GSR partners with SC Ventures-backed Libeara for web3
GSR is strategically partnering with Libeara, a tokenization firm backed by SC Ventures, to expand its capabilities as a comprehensive digital asset and Real World Asset (RWA) capital markets partner.
Bill Ackman's Pershing Square Bids €55B for Universal
Billionaire hedge fund manager Bill Ackman's Pershing Square has made a bid to acquire Universal Music Group (UMG) in a complex transaction valued at €55 billion ($64 billion), a move that requires ap
XOM Stock Up 34% YTD on Iran War, Drops 5% on Peace Hopes
Exxon Mobil's stock has surged 34% year-to-date on the Iran war energy thesis, but a 5% single-day drop on April 1 — its worst in over a year — revealed how much of the rally is geopolitical premium r
Wells Fargo Upgrades Tech, Downgrades Energy Sectors
Wells Fargo’s investment strategists upgraded the S&P 500 technology sector to a favorable rating while downgrading energy to unfavorable, citing strong AI‑driven earnings growth for tech and a tempor
Morgan Stanley: Griffin's $916M Bet on Wealth Boom
Ken Griffin holds a $916 million stake in Morgan Stanley, which ranks #8 on his list of best stocks to buy, driven by the bank's $9.3 trillion wealth management franchise and a thawing M&A pipeline.
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