Oil prices sink more than 2% as Trump remarks calm concern about Iran

Oil prices dropped significantly as President Trump indicated a halt to killings in Iran, easing fears of military action and supply disruptions. Adding to the bearish sentiment, U.S. crude and gasoline inventories saw a sharp rise, while Venezuela resumed oil exports. These factors overshadowed positive demand forecasts from OPEC and strong Chinese import data.

2026 may be the year of the mega IPO

Silicon Valley is abuzz with mega IPOs as AI giants OpenAI and Anthropic, alongside Elon Musk’s SpaceX, prepare to list. These high-profile tech companies, valued in the hundreds of billions, could signal a new era of unprecedented deal sizes. Wall Street anticipates a bonanza, while investors eagerly await a clearer view of AI’s moneymaking potential.

Wall Street ends lower, led by drop in Nasdaq, with tech, banks falling

U.S. stocks declined Wednesday, led by a drop in the Nasdaq and technology shares as investors sought defensive sectors. Bank stocks extended losses following mixed earnings and concerns over a proposed credit-card interest rate cap. The Russell 2000 and S&P 500 industrials, however, hit record highs.

Asian shares set for weaker open, crude oil falls

Asia’s benchmark share index is poised to dip from a record high following Wall Street’s decline, driven by a rotation out of expensive technology stocks. Futures for Japan, Hong Kong, and China fell as the Nasdaq 100 dropped. Oil prices also decreased after President Trump indicated Iran would halt protester killings.

Coca-Cola plans to pop the cap on $1 billion HCCB IPO this year

Coca-Cola is preparing to list its Indian bottling arm, Hindustan Coca-Cola Beverages (HCCB), through an IPO this summer to raise approximately $1 billion. The company is valued at nearly $10 billion, with investment bankers like Kotak, HDFC Group, and Citibank onboard. This move aligns with Coca-Cola’s global strategy of focusing on brand building rather than […]

Metal shares extend bull run as commodity rally shows no signs of fatigue

Indian metal producers are seeing record stock prices. Commodity prices are rising due to global uncertainty and industrial demand. Gold and silver have seen significant gains. Copper prices are also at record highs. Analysts have mixed views, with some advising caution on overbought stocks while others expect the rally to continue.