Indian markets reacted to a global downturn. US stocks fell as escalating tensions between the US and Iran overshadowed a calm inflation report. Investors worried about rising oil prices impacting consumer spending. Saudi Arabia increased oil production and the IEA released reserves to stabilize markets. The US Federal Reserve is expected to maintain interest rates amid concerns of potential stagflation.
Wendy’s draws buyout bid as beef costs and burger rivalry weigh on business
Wendy’s shares jump after Nelson Peltz’s Trian Fund Management offers $7.35 per share to take the burger chain private, as the company faces high beef
October 28, 2026