US stocks face potential headwinds as a strong earnings season concludes. Investors are shifting focus to rising inflation and bond yields, with the PCE price index due Thursday. Futures now price in a potential Fed rate hike later in 2026, a stark contrast to earlier expectations. Key reports from Salesforce and Costco are awaited.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.