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Finance News — Page 249
RBI Holds Rates at 5.25% Amid Iran‑War Inflation Risks
The Reserve Bank of India kept its benchmark rate at 5.25% and warned that the Iran‑war‑driven surge in energy prices threatens both inflation and growth, prompting a downgrade of GDP forecasts.
Morgan Stanley to Launch Spot Bitcoin ETF MSBT
Morgan Stanley will debut the Morgan Stanley Bitcoin Trust, a spot Bitcoin ETF on NYSE Arca under ticker MSBT, offering direct Bitcoin exposure with a low 0.14 % fee and custodial services from BNY an
Om Power IPO opens Apr 9, Rs 166‑175 band
Om Power Transmission’s IPO, opening April 9‑13 with a Rs 166‑175 price band, is trading at a modest premium in the grey market, hinting at a muted debut despite strong FY25 earnings growth.
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.
Bitcoin Up 4% to $71,575 on US-Iran Ceasefire
Crypto markets rallied sharply after a temporary US-Iran ceasefire announcement, with Bitcoin jumping 4% past $71,500 and Ethereum gaining 6.5%, though analysts warned the move's durability remains un
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.
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
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
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
Levi Strauss revenue jumps as DTC exceeds 50% of sales
Levi Strauss achieved a significant milestone with direct-to-consumer (DTC) sales surpassing 50% of total revenue for the first time, driven by a 16% jump in its own stores and website, alongside high
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
Nvidia Invests $2B in Marvell, Stock Surges to $108.86
Nvidia’s $2 billion investment in Marvell Technology sparked a surge in Marvell’s share price to $108.86, triggered unusually heavy in‑the‑money put activity, and prompted analysts to lift price targe
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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