The U.S. dollar weakened against major currencies as traders scaled back tightening expectations. Soft economic data, including retail sales and job losses, influenced these shifts. Traders now see a lower chance of a Federal Reserve rate hike in September. Elevated oil prices and geopolitical tensions in the Middle East are causing market fragility. Bond yields globally are rising due to concerns over debt and fiscal discipline.
SpaceX stock transfers raise compliance questions for Indian HNIs
Indian investors holding SpaceX shares are seeking legal advice on compliance. These investors received SpaceX shares directly from offshore funds. This distribution aimed to avoid