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The Latest Breaking News from SP

Stocks Pressured by Uncertainty of US-Iran Ceasefire Prospects

The S&P 500 Index ($SPX ) (SPY ) today is down -0.20%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.33%. June E-mini S&P futures (ESM26 ) are down -0.18%, and June E-mini Nasdaq futures...

Barchart

Opposition leaders demand Rs 3,000/quintal price for onions, demonstrate on highway in Maharashtra

Maharashtra Congress president Harshwardhan Sapkal stated the Maha Vikas Aghadi will continue its agitation. Farmers are demanding a guaranteed price of Rs 25-30 per kg for their onion produce. The MVA organized a road blockade on the Pune-Nashik highway. They seek compensation for farmers and procurement of onion stock. Opposition…

The Economic Times

Double, Trouble, Toil and the AI Bubble: Why the boom may not be what it seems

As India navigates its AI and innovation trajectory, skepticism looms large. While AI technologies have fueled market growth worldwide, the leadership landscape is evolving. At present, the semiconductor and hardware arenas are thriving, eagerly responding to the financial backing from AI mega-corporations.

The Economic Times

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Maharashtra's Ladki Bahin beneficiary count drops by 80 lakh after verification drive

Around 80 lakh women are now ineligible for the Mukhyamantri Majhi Ladki Bahin Yojana. The Opposition claims this is due to a financial crisis. Chief Minister Devendra Fadnavis states only ineligible beneficiaries were removed after verification. The government aims to ensure benefits reach deserving recipients. The scheme targets poorer women…

The Economic Times

80 lakh Maharashtra women ineligible for Ladki Bahin scheme; Oppn alleges financial crisis

Around 80 lakh women in Maharashtra are no longer eligible for the Mukhyamantri Majhi Ladki Bahin scheme. This follows an e-KYC deadline, with the government citing non-compliance with eligibility criteria. Opposition parties allege this reflects a severe financial crisis in the state. The government states the beneficiary count dropped from…

The Economic Times

Elon Musk wants to merge SpaceX and Tesla into a $3.4 trillion giant. The problem: it would lose money from day one

A SpaceX-Tesla union would mark by far the largest merger of all time.

Fortune

S&P 500 Posts Record 9th Straight Weekly Win and Best May in Years — Three Themes Drove It All

The S&P 500 closed May at 7,580, up 5% for the month and notching its ninth straight weekly gain. Three forces drove the rally: Iran war peace hopes, a blowout Dell earnings beat that reset expectations for AI infrastructure spending, and relentless tech strength powered by Micron, Snowflake, and Qualcomm.

International Business Times

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Stocks Rally on Easing Geopolitical Tensions and AI Enthusiasm

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up +0.22%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.72%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.36%. June E-mini S&P futures (ESM26 ) rose +0.19%, and June E-mini Nasdaq futures...

Barchart

US stocks today: US stocks hits new closing highs on tech strength, Middle East deal hopes

Wall Street ended at record highs on Friday, driven by strong tech earnings and optimism around AI-led growth. Dell’s upbeat forecast lifted chip and software stocks, while investors tracked developments on a potential US-Iran deal. Despite inflation concerns, major indexes posted weekly and monthly gains.

The Economic Times

Figure Technology Solutions Bets on Blockchain Rails to Reinvent Capital Markets

Figure Technology Solutions (NASDAQ:FIGR) Chief Executive Officer Michael Tannenbaum said the company’s core strategy has remained consistent since its founding in 2018: building capital markets marketplaces on blockchain rails while using automation to lower costs and improve liquidity. Speaking w

MarketBeat

'We recommend that investors avoid this IPO': One top analyst's harsh verdict on SpaceX

Research firm CEO David Trainer says SpaceX's $1.75 trillion IPO valuation is mathematically indefensible

Fortune

S&P 500 and Nasdaq 100 Post Record Highs on US-Iran Truce Reports

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.58%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.84%. June E-mini S&P futures (ESM26 ) rose +0.59%, and June E-mini Nasdaq futures...

Barchart

Stocks Settle Mixed on Conflicting US-Iran Signals

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up +0.02%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.36%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.09%. June E-mini S&P futures (ESM26 ) rose +0.04%, and June E-mini Nasdaq futures...

Barchart

Rising bond yields and inflation remain key risks for markets: Candace Browning

Global investors are focusing on artificial intelligence driven earnings growth, overshadowing geopolitical concerns. Strong US corporate profits and expectations of easy monetary policy are supporting markets. While some sectors may recover at different paces after conflicts, the AI investment boom is expected to continue for at least another 12 to…

The Economic Times

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Newslaundry

SC upholds SIR, says ‘it advances free and fair election’

The Supreme Court upheld the legality of the Special Intensive Revision (SIR) of electoral rolls in Bihar and other states, and the Election Commission of India’s authority to conduct it, ending a legal challenge that had questioned the constitutional basis of the exercise, according to this report in LiveLaw.

Barchart

Stocks Finish Mostly Higher on Iran Peace Progress

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed up +0.61%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.76%. June E-mini S&P futures (ESM26 ) rose +0.61%, and June E-mini Nasdaq futures...

AAP

Wall St nears record highs on AI optimism

US stocks have closed at record highs, with anxiety over the Iran war offset by renewed confidence in AI trade.

The Economic Times

NCP (SP) holds bicycle rally in Nagpur to protest fuel price hike, inflation

NCP (SP) workers and leaders held a bicycle rally in Nagpur to protest rising petrol and diesel prices. Former minister Anil Deshmukh led the demonstration, highlighting the impact on farmers and daily essentials. The party submitted a memorandum demanding fuel tax reduction and central government intervention. Fuel prices recently increased…

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The Economic Times

Centre pushed country into economic crisis: Akhilesh Yadav

The former Uttar Pradesh chief minister also attacked the Centre over rising prices of petrol and diesel and asked who was accountable for the state of the economy after 12 years in power, according to a Samajwadi Party (SP) statement.

Barchart

Stocks Settle Higher on Iran Peace Hopes and Tech Strength

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up +0.37%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.58%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.42%. June E-mini S&P futures (ESM26 ) rose +0.35%, and June E-mini Nasdaq futures...

The Economic Times

S&P flags pressure on Indian Oil as high crude prices squeeze margins

S&P Global Ratings warns Indian Oil Corporation faces mounting pressure to balance affordable fuel with profitability. Prolonged Middle East tensions are escalating crude oil prices, squeezing margins and potentially impacting IOC's earnings and liquidity over the next year. The agency highlights the challenge of absorbing losses from high crude costs…

Barchart

Stocks Rebound as Crude Oil Falls on Hopes for a US-Iran Deal

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.17%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.20%. June E-mini S&P futures (ESM26 ) rose +0.18%, and June E-mini Nasdaq futures...

Barchart

Dollar Supported by Middle East Uncertainty

The dollar index (DXY00 ) rallied to a 6-week high on Thursday and finished up by +0.13%. Doubts over a US-Iran peace deal that would reopen the Strait of Hormuz boosted safe-haven demand for the dollar today after Reuters reported that Iran's Supreme Leader said enriched uranium must stay in...

AAP

Concerns, doubts over Tasmania budget cuts

Rating agency S&P Global says Tasmania's budget repair carries "high execution risk," doubting the government will follow through on $1.47 billion in cuts.

Barchart

Dollar Gains as Crude Rallies and Stocks Fall

The dollar index (DXY00 ) rallied to a 6-week high today and is up by +0.31%. Doubts over a US-Iran peace deal that would reopen the Strait of Hormuz are boosting safe-haven demand for the dollar today after Reuters reported that Iran's Supreme Leader said enriched uranium must stay in...

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