Wall street stumbled to start the week, with major indexes sliding as fading hopes of a December rate cut and jitters ahead of the jobs report weighed on investors. Tech stocks led the pullback, even as alphabet bucked the trend with a strong rally.


Wall Street Slides Cautiously Ahead of Critical Jobs Report

Wall Street turns upbeat as strong corporate earnings and tech sector gains fuel investor optimism. Major indexes climb, signaling renewed market confidence and a potential rally ahead.


US stocks future rally on solid earnings 

Wall Street surged to record highs Thursday as investors bet on a Fed rate cut this month. Inflation rose more than expected, jobless claims hit a four-year high, and big gains from Tesla, Micron, and Warner bros drove markets higher. Take a look at this next report for more. . .


Dow jumps 1. 3% as inflation and job data boost sentiment

<p>Wall Street closed out a stellar week with fresh record highs on July 25, lifted by upbeat earnings results, progress on US trade deals, and investor optimism ahead of a pivotal Federal Reserve meeting next week. The S&amp;P 500 rose 0.40 per cent to finish at 6,388.64, marking its 14th record close of 2025 and capping a week of five straight record finishes. The Nasdaq Composite added 0.24 per cent to close at 21,108.32, notching its 15th record close this year. The Dow Jones Industrial Average climbed 208.01 points, or 0.47 per cent, ending at 44,901.92, just shy of its all-time high.</p><p>All three major indexes posted solid weekly gains: the S&amp;P 500 rose 1.5 per cent, the Dow added 1.3 per cent, and the tech-heavy Nasdaq climbed 1 per cent. More than 82 per cent of S&amp;P 500 companies that have reported earnings so far have topped analyst expectations, led by strong showings from Alphabet and Verizon.</p><h2><strong>Earnings shake up markets</strong></h2><p>Among notable movers, Deckers Outdoor surged 11 per cent after posting quarterly earnings that beat estimates, driven by strong international demand for its UGG and Hoka brands. In contrast, Intel sank 8.5 per cent after forecasting steeper-than-expected losses and announcing job cuts.</p><p>Charter Communications tumbled 18 per cent following a disappointing broadband subscriber report, while Centene rose 6.1 per cent on improved outlooks for its government-backed healthcare businesses. Paramount Global dipped 1.6 per cent after regulators cleared its $8.4 billion merger with Skydance Media.</p><p>Sector-wise, nine of the 11 S&amp;P 500 groups advanced, with materials and industrials leading gains.</p><h2><strong>Trade deal hopes and Fed in focus next week</strong></h2><p>Markets were buoyed by optimism that the US is on the cusp of finalising a trade deal with the European Union. European Commission President Ursula von der Leyen confirmed plans to meet US President Donald Trump in Scotland on July 27, aiming to conclude an agreement before the August 1 tariff deadline. Trump earlier said the odds of a deal were “50-50.” Recent trade accords with Japan and Indonesia have also helped lift sentiment, reducing the risk of near-term tariff escalation.</p><p>Next week brings a key Federal Reserve decision, with policymakers widely expected to keep interest rates steady at 4.25-4.50 per cent. Markets are currently pricing in a 60 per cent chance of a rate cut by September, according to CME’s FedWatch tool.</p><p>With over 150 S&amp;P 500 companies—including tech giants like Apple, Microsoft, Meta, and Amazon—set to report earnings, investor attention will remain laser-focused on corporate guidance and macro signals. Despite concerns about elevated valuations and revived meme-stock activity, volatility remains muted, with the VIX closing below 15, reflecting the market’s growing confidence.</p>

All three major indexes posted solid weekly gains: the S&P 500 rose 1.5 per cent, the Dow added 1.3 per cent, and the tech-heavy Nasdaq climbed 1 per cent. More than 82 per cent of S&P 500 companies that have reported earnings so far have topped analyst expectations.

Wall Street closed out a stellar week with fresh record highs on July 25, lifted by upbeat earnings results, progress on US trade deals, and investor optimism ahead of a pivotal Federal Reserve meeting next week. The S&P 500 rose 0.40 per cent to finish at 6,388.64, marking its 14th record close of 2025 and capping a week of five straight record finishes. The Nasdaq Composite added 0.24 per cent to close at 21,108.32, notching its 15th record close this year. The Dow Jones Industrial Average climbed 208.01 points, or 0.47 per cent, ending at 44,901.92, just shy of its all-time high. All three major indexes posted solid weekly gains: the S&P 500 rose 1.5 per cent, the Dow added 1.3 per cent, and the tech-heavy Nasdaq climbed 1 per cent. More than 82 per cent of S&P 500 companies that have reported earnings so far have topped analyst expectations, led by strong showings from Alphabet and Verizon. Earnings shake up markets Among notable movers, Deckers Outdoor surged 11 per cent after posting quarterly earnings that beat estimates, driven by strong international demand for its UGG and Hoka brands. In contrast, Intel sank 8.5 per cent after forecasting steeper-than-expected losses and announcing job cuts. Charter Communications tumbled 18 per cent following a disappointing broadband subscriber report, while Centene rose 6.1 per cent on improved outlooks for its government-backed healthcare businesses. Paramount Global dipped 1.6 per cent after regulators cleared its $8.4 billion merger with Skydance Media. Sector-wise, nine of the 11 S&P 500 groups advanced, with materials and industrials leading gains. Trade deal hopes and Fed in focus next week Markets were buoyed by optimism that the US is on the cusp of finalising a trade deal with the European Union. European Commission President Ursula von der Leyen confirmed plans to meet US President Donald Trump in Scotland on July 27, aiming to conclude an agreement before the August 1 tariff deadline. Trump earlier said the odds of a deal were “50-50.” Recent trade accords with Japan and Indonesia have also helped lift sentiment, reducing the risk of near-term tariff escalation. Next week brings a key Federal Reserve decision, with policymakers widely expected to keep interest rates steady at 4.25-4.50 per cent. Markets are currently pricing in a 60 per cent chance of a rate cut by September, according to CME’s FedWatch tool. With over 150 S&P 500 companies—including tech giants like Apple, Microsoft, Meta, and Amazon—set to report earnings, investor attention will remain laser-focused on corporate guidance and macro signals. Despite concerns about elevated valuations and revived meme-stock activity, volatility remains muted, with the VIX closing below 15, reflecting the market’s growing confidence.

<p>All three major indexes posted solid weekly gains: the S&amp;P 500 rose 1.5 per cent, the Dow added 1.3 per cent, and the tech-heavy Nasdaq climbed 1 per cent. More than 82 per cent of S&amp;P 500 companies that have reported earnings so far have topped analyst expectations.</p>

Wall Street ends week at record highs on trade optimism, earnings boost

<p>June proved anything but quiet for global markets, with sharp moves in crude, stocks, and currencies amid ongoing trade tensions. From soaring Asian markets to mixed performances in Europe and the Americas, economic outlooks remain cautious as trade wars and geopolitical risks continue shaping investor sentiment worldwide. Let's look at Wion's global markets and economic health check to see what happened during June.</p><h2><strong>Markets moves in June</strong></h2><p>The usually quiet month for risk assets was quite the opposite. Crude surged by 6.3 per cent, making it one of the best-performing assets despite some cooling after the 12-day war between Iran and Israel ended.</p>

Graphics shows Global Economic Health

<p>The volatility, though, was evident from differing bets on US President Donald Trump's tariff headlines almost every other day through the month. Bitcoin gained nearly one per cent, edging towards its all-time high of over 111,000 dollars.</p><p>&nbsp;</p><p>However, gold took a hit on risk-off bets. Bullion was down nearly one per cent last month. The dollar fell sharply by 2.6 per cent as the 'Sell American' treasury trade trend continued to weigh on the currency.</p><h2><strong>Stock market moves in June</strong></h2><p>Moving on to Asia-Pacific stock markets. Japan's Nikkei led the gains in Asia, with 6.7 per cent gain, followed by the Indian stock benchmark. A recovery in emerging market stocks was a distinct theme again in June. Indian stocks closed 3.2 per cent in the green, showing signs of a recovery amidst the pull and push in the trade war talks. Indian stocks have been running up, with the defence sector showing the biggest gains after Operation Sindoor. Chinese stocks also gained nearly 3 per cent after a trade truce agreement with the US, easing economic slowdown concerns.</p><p>&nbsp;</p><p>In the Americas, Wall Street extended the gains from May, with benchmarks closing at a fresh record high. The S&amp;P 500 gained 5 per cent to close above 6,200 points for the first time ever. That comes after the benchmark index gained 6 per cent in May, marking its best May since 1990. The tech-heavy Nasdaq surged even more. Nasdaq soared 6.6 per cent, extending the nearly 10 per cent surge in May, driven largely by solid earnings and Nvidia's advance as the top most valued firm in the world. Canadian and Brazilian stocks also ended June with gains.</p><p>&nbsp;</p><p>Across the Atlantic, European stocks, though, took a hit on the uncertainty surrounding trade talks with the US; benchmarks across the region closed June in the red. The French CAC led the declines, closing over one per cent lower. Once again led the gains in the region with a gain of 1.3 per cent to extend the 6.7 per cent rally in May.</p><p>&nbsp;</p><p>UK's FTSE ended the month with marginal losses, and the German DAX closed June 0.4 per cent lower. However, the South African stock index added 2.2 per cent in addition to the 3 per cent rise in May, keeping the narrative of emerging market rebound intact.</p><h2><strong>Global economic outlook</strong></h2><p>Now, let's turn our attention to the overall economic outlook. Let's look at the Asia-Pacific region.</p>

<p>Trump's trade war worries have weighed on the outlook for global economies. However, India is still expected to be the fastest-growing major economy in the world, with bets of a significant slowdown easing. The Reserve Bank of India's jumbo rate cut is widely expected to increase consumer demand and, in turn, boost economic growth.</p><p>&nbsp;</p><p>The outlook for the rest of Asia, though, remained negative for China, as the outlook is still mired in doubts from the recession in its real estate crisis. However, the latest trade truce with the US are good signs for the economy, as reflecting in a rebound in manufacturing activity. However, the economic outlook for Japan and Australia mirrored worries from Trump's trade war.</p><p>&nbsp;</p><p>In the Americas, the economic outlook for the US, Canada, Brazil and Argentina shows trade tariffs are likely to hurt economic growth. For the US economy, stagflation bets are still weighing on sentiment and the outlook. JPMorgan still sees a 30 per cent chance of a US recession this year. The economic activity expectations for Canada, Brazil and Argentina were also cut.</p><p>&nbsp;</p><p>On the other side of the Atlantic, the negative outlook seems to be more widespread. The expectations show the clouds are darkening again for the UK and other European economies. Trade war worries continue to cloud the outlook for the region. The story wasn't very different for African economies, where the outlook remains negative.</p><p><br>&nbsp;</p>

June saw sharp global market moves, with Asia and Wall Street rallying, the dollar weakening, and trade war tensions weighing on Europe and broader economic outlooks.

June proved anything but quiet for global markets, with sharp moves in crude, stocks, and currencies amid ongoing trade tensions. From soaring Asian markets to mixed performances in Europe and the Americas, economic outlooks remain cautious as trade wars and geopolitical risks continue shaping investor sentiment worldwide. Let's look at Wion's global markets and economic health check to see what happened during June. Markets moves in June The usually quiet month for risk assets was quite the opposite. Crude surged by 6.3 per cent, making it one of the best-performing assets despite some cooling after the 12-day war between Iran and Israel ended.

<p>From surging oil and stocks in Asia to trade war-driven uncertainty in Europe and stagflation fears in the US, Wion's June global market review reveals a volatile month shaped by tariffs, geopolitics, and shifting investor sentiment.&nbsp;</p>

Wion's global markets and economic health check for June

<p>A little-known herbal medicine firm is now making big waves on Wall Street. Regencell Bioscience, a Hong Kong-based biotech company, has shocked global markets with a staggering stock surge of over 46,000 per cent this year, despite having no profits, no chief medical officer, and limited commercial operations.</p><p>&nbsp;</p><p>As a result, its founder and CEO, Yat-Gai Au, has seen his net worth balloon to over $25 billion, placing him among the world’s 100 richest people, as per Bloomberg.</p><h2><strong>The meteoric rise of Regencell</strong></h2><p>Regencell Bioscience was virtually unknown until recently. Traded as a micro-cap on the Nasdaq, the company develops traditional Chinese medicine (TCM) formulas targeting conditions like ADHD and autism spectrum disorder.</p><p>&nbsp;</p><p>But the real twist? It has never turned a profit.</p><p>&nbsp;</p><p>The company posted a $4.4 million loss in the fiscal year ending June 2024 and currently has no official chief medical officer, as per public filings accessed by Bloomberg.</p><p>&nbsp;</p><p>Yet, from being valued at just a few million dollars earlier this year, Regencell’s stock has exploded—boosted further by a 38-for-1 forward stock split in June, a move often used to attract retail investors. At one point, its shares soared more than 24 per cent in a single day, with barely 6 per cent of its stock available for public trading.</p><h2><strong>Who is Yat-Gai Au?</strong></h2><p>Yat-Gai Au, the man behind Regencell, owns an 86 per cent stake in the firm, now worth over $25 billion on paper.</p><p>&nbsp;</p><p>Born with ADHD and dyslexia, Au studied at UC Berkeley’s Haas School of Business and worked at Deutsche Bank in the 1990s before founding Regencell in 2014. According to the company’s website, he has personally invested more than $9 million into the venture, calling it a “passion project” aimed at helping children with neurodevelopmental disorders.</p><p>&nbsp;</p><p>The formulas themselves? They’re based on treatments developed by his father, Sik-Kee Au, an electrical engineer turned alternative healer. However, Sik-Kee was once found guilty of professional misconduct by a Hong Kong board for overprescribing medicine in 2021, as per Bloomberg.</p><p>&nbsp;</p><p>Regencell’s rally is raising eyebrows among analysts and regulators. With limited float and no concrete commercial success, many compare the surge to earlier meme stock frenzies like GameStop or AMTD Digital.</p><p>&nbsp;</p><p>Even more concerning: the firm has disclosed no major scientific breakthroughs or partnerships to justify such a valuation. It simply caught fire in a volatile trading environment—and with such a tightly controlled shareholding structure, even small trades can push prices higher.</p><p>&nbsp;</p><p>As of Monday, another investor—Zoom’s early backer Samuel Chen—held a stake worth over $2.2 billion, according to Bloomberg.</p><h2><strong>From herbs to high stakes</strong></h2><p>Regencell’s stock story isn’t just about one billionaire. It reflects a wider trend of speculative bubbles in biotech and TCM startups. In 2021, the company signed a deal to distribute Chinese herbal remedies for COVID-19 across Asia—but little has been heard since.</p><p>&nbsp;</p><p>The firm’s Brain Theory products, according to its disclosures, are liquid-based herbal formulations administered twice a day. There’s no mention of FDA approval or clinical trial data in the public domain.</p><p>Still, the stock keeps&nbsp;soaring.</p><h2><strong>Is it sustainable?</strong></h2><p>Experts remain sceptical. Regencell has just a dozen employees. Its business model relies heavily on personal branding, self-funding, and a niche medical market with little regulation.</p><p>&nbsp;</p><p>Bloomberg analysts warn that “paper wealth” can evaporate as quickly as it appears. With no profits and no product sales, the company’s valuation could collapse just as dramatically as it rose—particularly if scrutiny increases.</p><p>&nbsp;</p><p>But for now, Yat-Gai Au stands alongside the world’s wealthiest, thanks to a TCM company that few outside Hong Kong had heard of until this year.</p><p>&nbsp;</p><p><i>(With inputs from the agencies)</i><br><br>&nbsp;</p><p><br>&nbsp;</p>

Despite posting a $4.4 million loss and lacking a chief medical officer or significant commercial success, CEO Yat-Gai Au's wealth has surpassed $25 billion, placing him among the world richest.

A little-known herbal medicine firm is now making big waves on Wall Street. Regencell Bioscience, a Hong Kong-based biotech company, has shocked global markets with a staggering stock surge of over 46,000 per cent this year, despite having no profits, no chief medical officer, and limited commercial operations. As a result, its founder and CEO, Yat-Gai Au, has seen his net worth balloon to over $25 billion, placing him among the world’s 100 richest people, as per Bloomberg. The meteoric rise of Regencell Regencell Bioscience was virtually unknown until recently. Traded as a micro-cap on the Nasdaq, the company develops traditional Chinese medicine (TCM) formulas targeting conditions like ADHD and autism spectrum disorder. But the real twist? It has never turned a profit. The company posted a $4.4 million loss in the fiscal year ending June 2024 and currently has no official chief medical officer, as per public filings accessed by Bloomberg. Yet, from being valued at just a few million dollars earlier this year, Regencell’s stock has exploded—boosted further by a 38-for-1 forward stock split in June, a move often used to attract retail investors. At one point, its shares soared more than 24 per cent in a single day, with barely 6 per cent of its stock available for public trading. Who is Yat-Gai Au? Yat-Gai Au, the man behind Regencell, owns an 86 per cent stake in the firm, now worth over $25 billion on paper. Born with ADHD and dyslexia, Au studied at UC Berkeley’s Haas School of Business and worked at Deutsche Bank in the 1990s before founding Regencell in 2014. According to the company’s website, he has personally invested more than $9 million into the venture, calling it a “passion project” aimed at helping children with neurodevelopmental disorders. The formulas themselves? They’re based on treatments developed by his father, Sik-Kee Au, an electrical engineer turned alternative healer. However, Sik-Kee was once found guilty of professional misconduct by a Hong Kong board for overprescribing medicine in 2021, as per Bloomberg. Regencell’s rally is raising eyebrows among analysts and regulators. With limited float and no concrete commercial success, many compare the surge to earlier meme stock frenzies like GameStop or AMTD Digital. Even more concerning: the firm has disclosed no major scientific breakthroughs or partnerships to justify such a valuation. It simply caught fire in a volatile trading environment—and with such a tightly controlled shareholding structure, even small trades can push prices higher. As of Monday, another investor—Zoom’s early backer Samuel Chen—held a stake worth over $2.2 billion, according to Bloomberg. From herbs to high stakes Regencell’s stock story isn’t just about one billionaire. It reflects a wider trend of speculative bubbles in biotech and TCM startups. In 2021, the company signed a deal to distribute Chinese herbal remedies for COVID-19 across Asia—but little has been heard since. The firm’s Brain Theory products, according to its disclosures, are liquid-based herbal formulations administered twice a day. There’s no mention of FDA approval or clinical trial data in the public domain. Still, the stock keeps soaring. Is it sustainable? Experts remain sceptical. Regencell has just a dozen employees. Its business model relies heavily on personal branding, self-funding, and a niche medical market with little regulation. Bloomberg analysts warn that “paper wealth” can evaporate as quickly as it appears. With no profits and no product sales, the company’s valuation could collapse just as dramatically as it rose—particularly if scrutiny increases. But for now, Yat-Gai Au stands alongside the world’s wealthiest, thanks to a TCM company that few outside Hong Kong had heard of until this year. (With inputs from the agencies)

<p>Regencell Bioscience, a Hong Kong-based biotech firm specializing in traditional Chinese medicine (TCM), has experienced a staggering stock surge of over 46,000% this year, raising concerns among analysts and regulators.</p>

Here's how an unprofitable Chinese medicine firm’s stock rally lifts CEO’s wealth to $33 billion

<p>Oil prices are rising sharply, and global markets are edging into risk-off mode as the Iran–Israel conflict shows no signs of slowing, entering its sixth day on Wednesday.&nbsp;</p><p>&nbsp;</p><p>The geopolitical crisis, centred near the Strait of Hormuz, is reviving fears of a global energy shock, even as central banks weigh the fallout on inflation and growth.</p><p>&nbsp;</p><p>Brent crude futures rose 19 cents to $76.64 a barrel in early trading, while US West Texas Intermediate climbed 23 cents to $75.07. That followed a 4 per cent spike in prices on Tuesday amid mounting concerns that the Middle East conflict could disrupt oil supplies.</p><h2><strong>Strait of Hormuz back in focus</strong></h2><p>Much of the market anxiety revolves around the Strait of Hormuz, the narrow chokepoint through which nearly 20 per cent of the world’s seaborne oil passes. According to Reuters, two tankers collided and caught fire near the strait on Tuesday, raising red flags about safety in the region.</p><p>&nbsp;</p><p>The United Kingdom Maritime Trade Operations also warned of “electronic interference” affecting ship navigation systems in the area, a possible sign of growing cyber-warfare threats tied to the conflict.</p><p>&nbsp;</p><p>Iran, the third-largest producer in OPEC, pumps around 3.3 million barrels per day. Should the fighting escalate, or sanctions intensify, traders expect disruptions to Iranian output though other OPEC members may struggle to compensate using spare capacity.</p><h2><strong>Trump ups the ante</strong></h2><p>On Tuesday, US President Donald Trump called for Iran’s “unconditional surrender” and sent additional fighter jets to the region, according to US officials quoted by Reuters. The US military buildup comes as part of an effort to deter further escalation, though markets fear it may have the opposite effect.</p><p>&nbsp;</p><p>Trump’s early departure from the Group of Seven summit in Canada only deepened investor unease. While there were hopes of progress on global trade talks, those evaporated as Trump returned to Washington citing Iran’s provocations.</p><p>&nbsp;</p><p>“The market was anxious to hopefully hear updates on trade agreements out of the G7 and the news of Trump leaving early was disappointing,” Eric Sterner of Apollon Wealth Management told Reuters.</p><h2><strong>Wall Street wobbles</strong></h2><p>The risk-off sentiment dragged down US stocks on Tuesday. The Dow Jones Industrial Average dropped 0.70 per cent, the S&amp;P 500 slipped 0.84 per cent, and the tech-heavy Nasdaq fell 0.91 per cent.</p><p>&nbsp;</p><p>Meanwhile, oil continued its upward climb, with Brent settling 4.52 per cent higher at $76.54 per barrel and US crude jumping 4.46 per cent to close at $74.97.</p><p>&nbsp;</p><p>The conflict is also fuelling demand for safe-haven assets. Yields on 10-year US Treasuries fell to 4.389 per cent, down 6.5 basis points from Monday, a sign of growing investor caution.</p><p>&nbsp;</p><p>The VIX volatility index, often called Wall Street’s “fear gauge,” rose to a four-week high of 21.6, though still far below pandemic or financial crisis peaks. Analysts said the current spike reflects concern but not full-scale panic yet.</p><p>&nbsp;</p><p>“This is like Stage 1 of moving towards a little bit of volatility,” said Matt Thompson of Little Harbor Advisors. “The VIX marketplace thinks the conflict is going to be contained.”</p><h2><strong>Will the Fed change course?</strong></h2><p>All eyes now turn to the US Federal Reserve, which is expected to keep its benchmark rate steady at 4.25–4.50 per cent when it concludes its policy meeting on Wednesday.</p><p>&nbsp;</p><p>However, market analysts including IG’s Tony Sycamore suggest the Iran–Israel war could prompt the Fed to consider an earlier-than-expected rate cut. “The situation in the Middle East could become a catalyst for the Fed to sound more dovish, as it did follow the October 7, 2023, Hamas attack,” Sycamore told Reuters.</p><p>&nbsp;</p><p>Lower rates generally boost oil demand by stimulating growth. But higher energy costs can also stoke inflation, complicating the Fed’s policy response.</p><p>&nbsp;</p><p>“Jerome Powell is going to continue to express that they are focused on data at this point,” said Matt Rubin of Cary Street Partners. “And that data does not warrant a cut.”</p><h2><strong>Broader global impact</strong></h2><p>The ripple effect is being felt across Europe too, where the STOXX 600 index closed at a three-week low on Tuesday. Investors are also bracing for interest rate decisions from the Bank of England and the Swiss National Bank later this week.</p><p>&nbsp;</p><p>In Asia, the Bank of Japan held rates steady at 0.5 per cent, its highest level since 2007, reflecting the growing uncertainty amid global inflation risks and weak domestic demand.</p><p>&nbsp;</p><p>Despite the conflict, Qatar said operations at the world’s largest gas field remain unaffected, even as Iran suspended some output after Israeli air strikes.</p><p>&nbsp;</p><p>The Iran–Israel war is redrawing the global economic map, with oil markets, central banks, and investors caught in its crosshairs.&nbsp;</p><p>The longer it lasts, the deeper its impact on inflation, policy, and global growth.</p><p>&nbsp;</p><p><i>(With inputs from the agencies)</i></p>

Amid rising tensions in the Middle East, oil spikes and Wall Street stumbles as investors brace for inflation risks, Fed moves, and global economic fallout.

Oil prices are rising sharply, and global markets are edging into risk-off mode as the Iran–Israel conflict shows no signs of slowing, entering its sixth day on Wednesday. The geopolitical crisis, centred near the Strait of Hormuz, is reviving fears of a global energy shock, even as central banks weigh the fallout on inflation and growth. Brent crude futures rose 19 cents to $76.64 a barrel in early trading, while US West Texas Intermediate climbed 23 cents to $75.07. That followed a 4 per cent spike in prices on Tuesday amid mounting concerns that the Middle East conflict could disrupt oil supplies. Strait of Hormuz back in focus Much of the market anxiety revolves around the Strait of Hormuz, the narrow chokepoint through which nearly 20 per cent of the world’s seaborne oil passes. According to Reuters, two tankers collided and caught fire near the strait on Tuesday, raising red flags about safety in the region. The United Kingdom Maritime Trade Operations also warned of “electronic interference” affecting ship navigation systems in the area, a possible sign of growing cyber-warfare threats tied to the conflict. Iran, the third-largest producer in OPEC, pumps around 3.3 million barrels per day. Should the fighting escalate, or sanctions intensify, traders expect disruptions to Iranian output though other OPEC members may struggle to compensate using spare capacity. Trump ups the ante On Tuesday, US President Donald Trump called for Iran’s “unconditional surrender” and sent additional fighter jets to the region, according to US officials quoted by Reuters. The US military buildup comes as part of an effort to deter further escalation, though markets fear it may have the opposite effect. Trump’s early departure from the Group of Seven summit in Canada only deepened investor unease. While there were hopes of progress on global trade talks, those evaporated as Trump returned to Washington citing Iran’s provocations. “The market was anxious to hopefully hear updates on trade agreements out of the G7 and the news of Trump leaving early was disappointing,” Eric Sterner of Apollon Wealth Management told Reuters. Wall Street wobbles The risk-off sentiment dragged down US stocks on Tuesday. The Dow Jones Industrial Average dropped 0.70 per cent, the S&P 500 slipped 0.84 per cent, and the tech-heavy Nasdaq fell 0.91 per cent. Meanwhile, oil continued its upward climb, with Brent settling 4.52 per cent higher at $76.54 per barrel and US crude jumping 4.46 per cent to close at $74.97. The conflict is also fuelling demand for safe-haven assets. Yields on 10-year US Treasuries fell to 4.389 per cent, down 6.5 basis points from Monday, a sign of growing investor caution. The VIX volatility index, often called Wall Street’s “fear gauge,” rose to a four-week high of 21.6, though still far below pandemic or financial crisis peaks. Analysts said the current spike reflects concern but not full-scale panic yet. “This is like Stage 1 of moving towards a little bit of volatility,” said Matt Thompson of Little Harbor Advisors. “The VIX marketplace thinks the conflict is going to be contained.” Will the Fed change course? All eyes now turn to the US Federal Reserve, which is expected to keep its benchmark rate steady at 4.25–4.50 per cent when it concludes its policy meeting on Wednesday. However, market analysts including IG’s Tony Sycamore suggest the Iran–Israel war could prompt the Fed to consider an earlier-than-expected rate cut. “The situation in the Middle East could become a catalyst for the Fed to sound more dovish, as it did follow the October 7, 2023, Hamas attack,” Sycamore told Reuters. Lower rates generally boost oil demand by stimulating growth. But higher energy costs can also stoke inflation, complicating the Fed’s policy response. “Jerome Powell is going to continue to express that they are focused on data at this point,” said Matt Rubin of Cary Street Partners. “And that data does not warrant a cut.” Broader global impact The ripple effect is being felt across Europe too, where the STOXX 600 index closed at a three-week low on Tuesday. Investors are also bracing for interest rate decisions from the Bank of England and the Swiss National Bank later this week. In Asia, the Bank of Japan held rates steady at 0.5 per cent, its highest level since 2007, reflecting the growing uncertainty amid global inflation risks and weak domestic demand. Despite the conflict, Qatar said operations at the world’s largest gas field remain unaffected, even as Iran suspended some output after Israeli air strikes. The Iran–Israel war is redrawing the global economic map, with oil markets, central banks, and investors caught in its crosshairs. The longer it lasts, the deeper its impact on inflation, policy, and global growth. (With inputs from the agencies)

<p>Oil prices surge and markets slip as the Iran–Israel conflict escalates near the Strait of Hormuz, fuelling fears of a global energy shock.</p>

Oil hits sixth-day high, Wall Street wobbles as Iran–Israel tensions escalate

<p>In an unusual sight, a video posted on Instagram by a DJ, DJ AJ (@djajmumbai), has taken the internet by storm. The viral clip shows a 400-person Indian wedding procession taking over New York’s Wall Street.</p><p>&nbsp;</p><p>The footage captures people dancing in vibrant traditional attire, including lehengas, sarees, sherwanis, and kurta pajamas, creating a lively atmosphere in the iconic financial street of the world as the New York skyline is seen in the backdrop.</p><p>&nbsp;</p><p>Sharing the post, DJ AJ wrote, “We shut down Wall Street for a 400-person baraat—who would’ve ever thought?!”</p><p>&nbsp;</p><p>“Definitely a once-in-a-lifetime kind of magic,” he added.</p><p>&nbsp;</p><p>The clip features a remix version of the popular song ‘Empire State Of Mind’ by Jay-Z and Alicia Keys with a twist of Punjabi beats. In another clip, the massive crowd can be seen dancing to scores of Bollywood numbers.</p><p>&nbsp;</p>

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font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:550; line-height:18px;">View this post on Instagram</div></div><div style="padding: 12.5% 0;"></div> <div style="display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;"><div> <div style="background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);"></div> <div style="background-color: #F4F4F4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;"></div> <div style="background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);"></div></div><div style="margin-left: 8px;"> <div style=" background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;"></div> <div style=" width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg)"></div></div><div style="margin-left: auto;"> <div style=" width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);"></div> <div style=" background-color: #F4F4F4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);"></div> <div style=" width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);"></div></div></div> <div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;"> <div style=" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;"></div> <div style=" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;"></div></div></a><p style=" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; line-height:17px; margin-bottom:0; margin-top:8px; overflow:hidden; padding:8px 0 7px; text-align:center; text-overflow:ellipsis; white-space:nowrap;"><a href="https://www.instagram.com/reel/DKMu-RTzdTY/?utm_source=ig_embed&amp;utm_campaign=loading" style=" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none;" target="_blank">A post shared by DJ AJ (@djajmumbai)</a></p></div></blockquote>
<script async src="//www.instagram.com/embed.js"></script>

<p>&nbsp;</p><h2><strong>Social media reacts</strong></h2><p>&nbsp;</p><p>The video has been circulated widely on social media, as people pour in amused reactions and praising the Indian culture and weddings.</p><p>&nbsp;</p><p>Several social media users commented, “Amazing”, “superb”, and “crazy”.</p><p>&nbsp;</p><p>Talking about Indian weddings, a user said, “Indian marriages are beautiful and fun with full of music and emotions.”</p><p>&nbsp;</p><p>“Vibrant Indian culture. People all over the world want to see our Indian weddings. Enjoy guys, this is our beautiful India,” said another.</p><p>&nbsp;</p><p>“How much did it cost,” wondered one user.</p><p>&nbsp;</p><p>“Now Trump will apply baarat tax on Indians,” a user joked, referring to the recent tariff moves by US President Donald Trump.</p><p>&nbsp;</p><p>While a few users also criticised for blocking the road and playing loud music, some countered by saying they had taken permission for the massive wedding procession.</p>

The footage captures people dancing in vibrant traditional attire, creating a lively atmosphere in the iconic financial street of the world as the New York skyline is seen in the backdrop.

In an unusual sight, a video posted on Instagram by a DJ, DJ AJ (@djajmumbai), has taken the internet by storm. The viral clip shows a 400-person Indian wedding procession taking over New York’s Wall Street. The footage captures people dancing in vibrant traditional attire, including lehengas, sarees, sherwanis, and kurta pajamas, creating a lively atmosphere in the iconic financial street of the world as the New York skyline is seen in the backdrop. Sharing the post, DJ AJ wrote, “We shut down Wall Street for a 400-person baraat—who would’ve ever thought?!” “Definitely a once-in-a-lifetime kind of magic,” he added. The clip features a remix version of the popular song ‘Empire State Of Mind’ by Jay-Z and Alicia Keys with a twist of Punjabi beats. In another clip, the massive crowd can be seen dancing to scores of Bollywood numbers.

<p>The footage captures people dancing in vibrant traditional attire, creating a lively atmosphere in the iconic financial street of the world as the New York skyline is seen in the backdrop.</p>

WATCH | Indian wedding procession of 400 people takes over Wall Street in US, video goes viral

<div class="x_elementToProof" data-olk-copy-source="MessageBody">Sneakerheads brace yourself as Sketchers just dropped a bombshell. The comfort driven footwear giant is making a dramatic exit from Wall Street in a blockbuster $9.42billion buyout by investment firm 3G Capital, according to Reuters report.</div>
<div class="x_elementToProof"></div>
<div class="x_elementToProof">This move marks the biggest buyout in the sneaker industry's history which ends Sketchers' 26 year run as a publicly traded company.</div>
<div class="x_elementToProof"></div>
<div class="x_elementToProof">As per Reuters calculations, 3G Capitals is offering $63 per share in cash which is a 28 per cent premium over Sketchers' last close. This news send shares soaring 25 per cent $61.86, bouncing back from a year marked by nearly 30 per cent losses.</div>
<div class="x_elementToProof"></div>
<h2 class="x_elementToProof"><b>What is the deal?</b><b></b></h2>
<div class="x_elementToProof">As reported by Reuters, this wasn&rsquo;t a competitive bidding war. The deal was bilateral, with 3G Capital leveraging its long-standing relationship with the Greenberg family&mdash;the founding force behind Skechers.</div>
<div class="x_elementToProof"></div>
<div class="x_elementToProof">Despite the ownership change, leadership stays put. CEO and founder Robert Greenberg, aged 85, will continue to steer the brand. His son Michael Greenberg (President) and David Weinberg (COO) will also retain their current roles.</div>
<div class="x_elementToProof"></div>
<div class="x_elementToProof">The deal is reportedly expected to close in the third quarter of 2025 and will be funded through a mix of 3G Capital&rsquo;s own cash and debt financing secured from JPMorgan Chase Bank.</div>
<div class="x_elementToProof"></div>
<div class="x_elementToProof">Given Skechers&rsquo; image as a family-run business that wasn&rsquo;t expected to sell, Needham analyst Tom Nikic called the acquisition &ldquo;very surprising,&rdquo;</div>
<div class="x_elementToProof">Tariffs, Trade Tensions &amp; Tough Decisions</div>
<div class="x_elementToProof"></div>
<div class="x_elementToProof">The timing of this mega deal is no coincidence. Reuters notes that Skechers withdrew its annual forecast in April, citing the impact of President Donald Trump&rsquo;s steep 145 per cent import tariffs on Chinese goods.</div>
<div class="x_elementToProof"></div>
<div class="x_elementToProof">With China being a core manufacturing base for the brand, the tariffs significantly increased operating costs. This, paired with weakening consumer sentiment in the US, made staying public riskier.</div>
<div class="x_elementToProof"></div>
<div class="x_elementToProof">Skechers along with Nike and Adidas had urged the US government to exempt footwear from retaliatory tariffs. But with no relief in sight, the company may have opted for private control to navigate this uncertain terrain more flexibly.</div>
<div class="x_elementToProof"></div>
<h2 class="x_elementToProof"><b>From Chrome Dome to Global Comfort King: Rise of Sketchers</b><b></b></h2>
<div class="x_elementToProof">Skechers launched in 1992 with its edgy street-style shoe &ldquo;Chrome Dome.&rdquo; Fast forward three decades, and it has transformed into a global comfort-first brand with a massive footprint of 5,000 retail stores across more than 120 countries.</div>
<div class="x_elementToProof"></div>
<div class="x_elementToProof">Its shoes, priced between $75 and $150, have struck a chord with budget-conscious buyers. Star-studded collaborations with Britney Spears, Kim Kardashian and others have helped the brand stay relevant in a competitive landscape that includes legacy giants like Nike and fast-rising challengers like Hoka.</div>
<div class="x_elementToProof"></div>
<div class="x_elementToProof">According to TD Cowen analysts, 3G Capital&rsquo;s trademark focus on cost-cutting and efficiency could lay the groundwork for Skechers to re-enter the public market in the future.</div>
<div class="x_elementToProof"></div>
<div class="x_elementToProof">Though Skechers may be stepping off Wall Street, but it&rsquo;s certainly not stepping down. Backed by deep-pocketed 3G Capital and led by a founding team that&rsquo;s staying the course, the brand is reportedly gearing up for a new phase which is away from quarterly scrutiny, and possibly toward leaner, faster growth.</div>
<div class="x_elementToProof"></div>
<div class="x_elementToProof">As per Reuters reports, this is more than just a business deal. It&rsquo;s a power move in a rapidly changing market&mdash;and one that could shake up the future of the sneaker industry.</div>
<div class="x_elementToProof"></div>

Business & Economy: Skechers buyout news send shares soaring 25 per cent $61.86, bouncing back from a year marked by nearly 30 per cent losses.

Sneakerheads brace yourself as Sketchers just dropped a bombshell. The comfort driven footwear giant is making a dramatic exit from Wall Street in a blockbuster $9.42billion buyout by investment firm 3G Capital, according to Reuters report. This move marks the biggest buyout in the sneaker industry's history which ends Sketchers' 26 year run as a publicly traded company. As per Reuters calculations, 3G Capitals is offering $63 per share in cash which is a 28 per cent premium over Sketchers' last close. This news send shares soaring 25 per cent $61.86, bouncing back from a year marked by nearly 30 per cent losses. What is the deal? As reported by Reuters, this wasn’t a competitive bidding war. The deal was bilateral, with 3G Capital leveraging its long-standing relationship with the Greenberg family—the founding force behind Skechers. Despite the ownership change, leadership stays put. CEO and founder Robert Greenberg, aged 85, will continue to steer the brand. His son Michael Greenberg (President) and David Weinberg (COO) will also retain their current roles. The deal is reportedly expected to close in the third quarter of 2025 and will be funded through a mix of 3G Capital’s own cash and debt financing secured from JPMorgan Chase Bank. Given Skechers’ image as a family-run business that wasn’t expected to sell, Needham analyst Tom Nikic called the acquisition “very surprising,” Tariffs, Trade Tensions & Tough Decisions The timing of this mega deal is no coincidence. Reuters notes that Skechers withdrew its annual forecast in April, citing the impact of President Donald Trump’s steep 145 per cent import tariffs on Chinese goods. With China being a core manufacturing base for the brand, the tariffs significantly increased operating costs. This, paired with weakening consumer sentiment in the US, made staying public riskier. Skechers along with Nike and Adidas had urged the US government to exempt footwear from retaliatory tariffs. But with no relief in sight, the company may have opted for private control to navigate this uncertain terrain more flexibly. From Chrome Dome to Global Comfort King: Rise of Sketchers Skechers launched in 1992 with its edgy street-style shoe “Chrome Dome.” Fast forward three decades, and it has transformed into a global comfort-first brand with a massive footprint of 5,000 retail stores across more than 120 countries. Its shoes, priced between $75 and $150, have struck a chord with budget-conscious buyers. Star-studded collaborations with Britney Spears, Kim Kardashian and others have helped the brand stay relevant in a competitive landscape that includes legacy giants like Nike and fast-rising challengers like Hoka. According to TD Cowen analysts, 3G Capital’s trademark focus on cost-cutting and efficiency could lay the groundwork for Skechers to re-enter the public market in the future. Though Skechers may be stepping off Wall Street, but it’s certainly not stepping down. Backed by deep-pocketed 3G Capital and led by a founding team that’s staying the course, the brand is reportedly gearing up for a new phase which is away from quarterly scrutiny, and possibly toward leaner, faster growth. As per Reuters reports, this is more than just a business deal. It’s a power move in a rapidly changing market—and one that could shake up the future of the sneaker industry.

Skechers steps off Wall Street in record $9.42 Billion buyout amid tariff turmoil

Asian markets fell on Tuesday to mirror U.S. stock fall overnight. Wall Street stocks halted a historic winning run on Monday. Investors are worried about the effects of President Trump's trade war on companies' bottom lines and the economy. Watch in for more details!

Wall Street stocks fall after historic run

<p class="MsoNormal">The world markets have been on a rollercoaster since Donald Trump took office on January 20. Countries and corporations have been reeling from the tariff turmoil since then. But the very idea that Trump touted as his primary objective, 'To make America rich again,' is under scrutiny from economists, politicians, and the latest economic data. The US economy contracted by 0.3 per cent in the first quarter of 2025 &mdash; the first decline in three years. Businesses rush to import goods ahead of sweeping new tariffs, which Trump believes have nothing to do with the GDP decline.<o:p></o:p></p>
<h2 class="MsoNormal"><strong>US economy shrinks as imports soar</strong><o:p></o:p></h2>
<p class="MsoNormal">Imports surged 41.3 per cent, the biggest jump since the pandemic-era third quarter of 2020. This front-loading, driven by uncertainty, overwhelmed modest export gains and a rebound in inventories. The data comes after the goods trade deficit hit an all-time high in March, forcing economists to sharply revise their growth estimates.<o:p></o:p></p>
<p class="MsoNormal">Consumer spending, which accounts for over two-thirds of the economy, slowed in the previous quarter. Households have pulled purchases forward and are saving amid rising uncertainty.&nbsp;</p>
<p class="MsoNormal">Meanwhile, core inflation also accelerated &mdash; the core personal consumption expenditures index rose, keeping pressure on the Federal Reserve as it weighs further rate cuts later this year. Final sales to private domestic purchasers grew a solid 3.0 per cent, but economists caution that this measure has been distorted by tariff effects. The contraction in GDP has triggered sharp political and market reactions. All major Wall Street indices fell, and treasury yields climbed.&nbsp;<o:p></o:p>President Trump blamed the slowdown on Biden-era policies but defended his trade approach, calling the surge in investment a sign of economic strength.<o:p></o:p></p>
<p class="MsoNormal">Donald Trump, US President, said, "Core GDP (gross domestic product), and this is, you know, you probably saw some numbers today. And I have to start off by saying, that's [Joe] Biden. That's not Trump, because we came in on January. These are quarterly numbers. And we came in, and I was very against everything that Biden was doing in terms of the economy, destroying our country in so many ways, not only at the border."<o:p></o:p></p>
<p class="MsoNormal">Economists warn that while the contraction may not mark the start of a recession, the combination of trade disruption and policy uncertainty has significantly raised the risk.<o:p></o:p></p>

Business & Economy: The US economy contracted by 0.3 per cent in the first quarter of 2025 — the first decline in three years. This comes as businesses rush to import goods ahead of sweeping new tariffs.

The world markets have been on a rollercoaster since Donald Trump took office on January 20. Countries and corporations have been reeling from the tariff turmoil since then. But the very idea that Trump touted as his primary objective, 'To make America rich again,' is under scrutiny from economists, politicians, and the latest economic data. The US economy contracted by 0.3 per cent in the first quarter of 2025 — the first decline in three years. Businesses rush to import goods ahead of sweeping new tariffs, which Trump believes have nothing to do with the GDP decline. US economy shrinks as imports soar Imports surged 41.3 per cent, the biggest jump since the pandemic-era third quarter of 2020. This front-loading, driven by uncertainty, overwhelmed modest export gains and a rebound in inventories. The data comes after the goods trade deficit hit an all-time high in March, forcing economists to sharply revise their growth estimates. Consumer spending, which accounts for over two-thirds of the economy, slowed in the previous quarter. Households have pulled purchases forward and are saving amid rising uncertainty. Meanwhile, core inflation also accelerated — the core personal consumption expenditures index rose, keeping pressure on the Federal Reserve as it weighs further rate cuts later this year. Final sales to private domestic purchasers grew a solid 3.0 per cent, but economists caution that this measure has been distorted by tariff effects. The contraction in GDP has triggered sharp political and market reactions. All major Wall Street indices fell, and treasury yields climbed. President Trump blamed the slowdown on Biden-era policies but defended his trade approach, calling the surge in investment a sign of economic strength. Donald Trump, US President, said, "Core GDP (gross domestic product), and this is, you know, you probably saw some numbers today. And I have to start off by saying, that's [Joe] Biden. That's not Trump, because we came in on January. These are quarterly numbers. And we came in, and I was very against everything that Biden was doing in terms of the economy, destroying our country in so many ways, not only at the border." Economists warn that while the contraction may not mark the start of a recession, the combination of trade disruption and policy uncertainty has significantly raised the risk.

Are tariffs taking a 'bite' out of the US economy?

<p>US President Donald Trump's administration has been silently tipping off Wall Street executives about the progress of trade negotiations ahead of a possible deal with India, a Fox journalist said.&nbsp;</p>
<p>Fox Business Correspondent Charles Gasparino reported on X, highlighting a scoop, "people inside the Trump White House are alerting Wall Street execs they are nearing an agreement in principle on trade with India."</p>
<p>He cited the information to his sources who are senior Wall Street execs with ties to the White House.</p>
<p><strong>Also read: <a href="https://www.wionews.com/world/india-a-trade-trendsetter-is-trump-planning-to-use-india-us-trade-deal-as-a-global-template-9002235">India, a trade trendsetter? Is Trump planning to use India-US trade deal as a global template?</a></strong></p>
<blockquote class="twitter-tweet">
<p lang="en" dir="ltr">SCOOP: People inside the Trump White House are alerting Wall Street execs they are nearing an agreement in principle on trade with India, according to my sources who are senior Wall Street execs w ties to the White House. No details on timing, and recall that we have been here&hellip;</p>
&mdash; Charles Gasparino (@CGasparino) <a href="https://twitter.com/CGasparino/status/1915399740113535446?ref_src=twsrc%5Etfw">April 24, 2025</a></blockquote>
<p>"No details on timing, and recall that we have been here before with Japan only to have the goal posts changed, and terms renegotiated. But if this holds, the India deal being envisioned will include agreed upon goals, and issues that have been addressed and resolved as well as a deadline for the fully-baked trade pact, my sources say," Gasparino said on X.&nbsp;</p>
<p>He further hinted that the India-US trade deal could be used as a "template for a deal with Japan, South Korea and Australia."</p>
<p>The correspondent's post on X attracted accusations of "insider trading" since Wall Street firms could take advantage of the information to make money on the stock market for themselves.&nbsp;</p>
<p><strong>Also read: <a href="https://www.wionews.com/world/india-us-finalise-terms-for-trade-deal-vances-big-announcement-amid-trump-tariff-war-8990204">'India-US finalise terms for trade deal': Vance's BIG ANNOUNCEMENT amid Trump tariff war</a></strong></p>
<p>Meanwhile, Bloomberg reporter Joel Weisenthal questioned, "Why are Wall Street executives getting early alerts from people inside the Trump White House about the status of trade negotiations?"</p>
<p>Moreover, a Wall Street analyst asked, "Why does the Securities and Exchange Commission (SEC) allow this? And given they do, shouldn&rsquo;t they just be disbanded? Or is enforcement only for the poor?&rdquo;</p>
<p>This comes just two weeks after Trump bragged about how his billionaire pals after he announced tariffs on April 2.&nbsp;</p>
<p><strong>WATCH | <a href="https://www.wionews.com/videos/trumps-trade-war-india-seeks-us-trade-deal-to-avoid-tariffs-8955833">Trump's trade war: India seeks US trade deal to avoid tariffs</a></strong></p>
<p>&ldquo;THIS IS A GREAT TIME TO BUY!!!!&rdquo; he said in a post on Truth Social just four hours before he paused the controversial tariffs on April 9.</p>
<p>According to a Bloomberg report, Wednesday was the &ldquo;best day ever&rdquo; for billionaires as the world&rsquo;s wealthiest people raked in $304 billion when the markets rocketed back up.</p>
<p>This showed signs of market manipulation and insider trading, as Trump critics accused the US president of tipping off Wall Street execs. &nbsp;</p>
<p><strong>Also read: <a href="https://www.wionews.com/world/its-possible-trump-eyes-new-trade-deal-with-china-8738910">&lsquo;It&rsquo;s possible&rsquo;: Trump eyes new trade deal with China</a></strong></p>

The post attracted accusations of "insider trading" since Wall Street firms could take advantage to make money on stock market for themselves. WORLD India news

US President Donald Trump's administration has been silently tipping off Wall Street executives about the progress of trade negotiations ahead of a possible deal with India, a Fox journalist said. Fox Business Correspondent Charles Gasparino reported on X, highlighting a scoop, "people inside the Trump White House are alerting Wall Street execs they are nearing an agreement in principle on trade with India." He cited the information to his sources who are senior Wall Street execs with ties to the White House. Also read: India, a trade trendsetter? Is Trump planning to use India-US trade deal as a global template? SCOOP: People inside the Trump White House are alerting Wall Street execs they are nearing an agreement in principle on trade with India, according to my sources who are senior Wall Street execs w ties to the White House. No details on timing, and recall that we have been here… — Charles Gasparino (@CGasparino) April 24, 2025 "No details on timing, and recall that we have been here before with Japan only to have the goal posts changed, and terms renegotiated. But if this holds, the India deal being envisioned will include agreed upon goals, and issues that have been addressed and resolved as well as a deadline for the fully-baked trade pact, my sources say," Gasparino said on X. He further hinted that the India-US trade deal could be used as a "template for a deal with Japan, South Korea and Australia." The correspondent's post on X attracted accusations of "insider trading" since Wall Street firms could take advantage of the information to make money on the stock market for themselves. Also read: 'India-US finalise terms for trade deal': Vance's BIG ANNOUNCEMENT amid Trump tariff war Meanwhile, Bloomberg reporter Joel Weisenthal questioned, "Why are Wall Street executives getting early alerts from people inside the Trump White House about the status of trade negotiations?" Moreover, a Wall Street analyst asked, "Why does the Securities and Exchange Commission (SEC) allow this? And given they do, shouldn’t they just be disbanded? Or is enforcement only for the poor?” This comes just two weeks after Trump bragged about how his billionaire pals after he announced tariffs on April 2. WATCH | Trump's trade war: India seeks US trade deal to avoid tariffs “THIS IS A GREAT TIME TO BUY!!!!” he said in a post on Truth Social just four hours before he paused the controversial tariffs on April 9. According to a Bloomberg report, Wednesday was the “best day ever” for billionaires as the world’s wealthiest people raked in $304 billion when the markets rocketed back up. This showed signs of market manipulation and insider trading, as Trump critics accused the US president of tipping off Wall Street execs. Also read: ‘It’s possible’: Trump eyes new trade deal with China

'Insider trading?' Trump admin tipped off Wall Street about possible India-US trade deal

Asian stocks started Friday with deep losses as investors braced for further pain across global markets after Wall Street's $2.5 trillion rout. President Donald Trump touted Wednesday as a landmark in U.S. history, saying his tariffs would "make America wealthy again." Instead, the steepest levies in a century sparked a rapid selloff in risk assets, culminating Thursday with a 4.8 percent rout in the S&P 500.

Wall Street suffers worst drop since COVID

Wall street stocks have taken a beating due to US President Donald trump-led global trade wars. after a $5 trillion plunge in the S&P 500, investors are looking at the US federal reserve for reassurance on the economy. with the fed in wait-and-watch mode, investors will parse the central bank's projections and statement for direction.

Will the Fed convey that it is ready to act if needed?

Wall Street stocks recouped from 6-month lows on Wednesday as investors drew a sigh of relief following below-estimate US inflation data for February. This helped global markets regain their footing on Thursday.

Finally, a bounce on Wall Street. But for how long?

Recession fears in the US are reflecting in Wall Street's meltdown since last week, with the selloff extending to Asian markets. Wall Street saw a deep selloff overnight, marking its worst drop since September 2022. The selloff was fueled by investor fears over mounting trade tensions and recession risks. This comes as President Donald Trump refused to rule out an economic downturn.

US markets in turmoil over recession risks

Market volatility surges as recession fear grips invest

<p>Executives at large financial banks on Wall Street are reportedly finalising plans to give traders and dealmakers the biggest bonus increases since the pandemic, with several desks set to receive 10 per cent or more. This is according to a Bloomberg report quoting sources.&nbsp;</p>
<p>Bloomberg sources said 10 per cent is the typical raise in store for investment bankers and traders who deal with equities and fixed-income products. Traders' incentives will increase by over 10 per cent at Morgan Stanley and its bigger competitor, JPMorgan Chase.&nbsp;</p>
<p>Bonuses for investment bankers at JPMorgan will also increase by about 15 per cent. The consensus among c-suite executives is that Goldman Sachs group will pay a lot more than those figures. These increases come after two years of industry-wide constraint caused by the pandemic.&nbsp;</p>
<h2>Bonus turnaround</h2>
<p>During the last two years, investment banks battled to keep up with the bustle of trading and dealmaking. Mild raises weren't enough to cover inflation on most desks a year ago.&nbsp;</p>
<p>There has been a turnaround, and managers are optimistic about the coming year. As a result, they are preparing increases in bonuses to reflect that sentiment. Wall street's year-end rewards are notoriously volatile as the industry cycles through booms and busts.&nbsp;</p>
<p>When times are good, individual windfalls can stretch into millions of dollars &mdash; multiples of what bankers and traders might reap from salaries. Compensation experts have been predicting for months that investment bankers, traders, and asset and wealth managers will receive rises in the double digits this round.&nbsp;</p>
<p>Some lines of business within larger divisions potentially predict increases reaching 20 per cent. A November report by Johnson associates forecasts that equity underwriters may get as much as 25 per cent more, with debt underwriters reaching as much as 35 per cent.&nbsp;</p>

Business & economy, Wall street to see biggest bonus increases since pandemic, Dealmakers in the US to get 10 per cent bonus pay, US banks register biggest profits


Executives at large financial banks on Wall Street are reportedly finalising plans to give traders and dealmakers the biggest bonus increases since the pandemic, with several desks set to receive 10 per cent or more. This is according to a Bloomberg report quoting sources. Bloomberg sources said 10 per cent is the typical raise in store for investment bankers and traders who deal with equities and fixed-income products. Traders' incentives will increase by over 10 per cent at Morgan Stanley and its bigger competitor, JPMorgan Chase. Bonuses for investment bankers at JPMorgan will also increase by about 15 per cent. The consensus among c-suite executives is that Goldman Sachs group will pay a lot more than those figures. These increases come after two years of industry-wide constraint caused by the pandemic. Bonus turnaround During the last two years, investment banks battled to keep up with the bustle of trading and dealmaking. Mild raises weren't enough to cover inflation on most desks a year ago. There has been a turnaround, and managers are optimistic about the coming year. As a result, they are preparing increases in bonuses to reflect that sentiment. Wall street's year-end rewards are notoriously volatile as the industry cycles through booms and busts. When times are good, individual windfalls can stretch into millions of dollars — multiples of what bankers and traders might reap from salaries. Compensation experts have been predicting for months that investment bankers, traders, and asset and wealth managers will receive rises in the double digits this round. Some lines of business within larger divisions potentially predict increases reaching 20 per cent. A November report by Johnson associates forecasts that equity underwriters may get as much as 25 per cent more, with debt underwriters reaching as much as 35 per cent.

Wall street to see biggest bonus increases since pandemic

Analyst job cuts on Wall Street are reshaping equity research. Forces like regulation, passive investing, and AI have all conspired to squeeze equity research in ways few could have imagined. Now, countless "sell-side" analysts have had to reinvent themselves as a result. These days, analysts are plying their trade on social media, dishing out advice in investing.

Wall street analysts' pay drops to 30%

The chart-bursting rally in Bitcoin has reignited optimism that tokenisation will transform traditional asset records, such as deeds and mortgages, into something completely new. Take a look at this next report as we decode what the rally in cryptos means for tokenisation. Watch in for more details!

Tokenisation Becomes Wall Street's Favorite Buzzword

With the 'Santa Claus rally' already underway and the year coming to a close, what's in store for financial markets next year? Take a look at this report as we decode the risks and factors that could drive markets in 2025. Watch in for more details!

Wall Street Eyes Volatility Spikes On Trump Tariffs, Geopolitics

Now, let's take a closer look at all the market movements this past week... U.S. Stocks rebounded on the last trading day of the week... Wall street was buoyed by cooler-than-expected inflation data.

Wall Street Recovers Strongly on Friday

Now, let's take a closer look at all the market movements this past week...



U.S. Stocks rebounded on the last trading day of the week...



Wall street was buoyed by cooler-than-expected inflation data.

Now, let's take a look at all the market movements this past week... U.S. Stocks rebounded on the last trading day of the week... Wall street was buoyed by cooler-than-expected inflation data. The Dow Jones industrial average surged over 1 per cent after a brutal 1,100-point drop earlier in the week. The S&P 500 rose 1.09%while the Nasdaq composite advanced 1.03%

Wall Street Rebounds On Friday

Now, let's take a look at all the market movements this past week...



U.S. Stocks rebounded on the last trading day of the week...



Wall street was buoyed by cooler-than-expected inflation data.



The Dow Jones industrial average surged over 1 per cent after a brutal 1,100-point drop earlier in the week.



The S&P 500 rose 1.09%while the Nasdaq composite advanced 1.03%

<p>Boeing stock took a nosedive in what was meant to be a recovery year. And if Wall Street is correct, the plane maker's shares may only have a tiny rebound in 2025.</p>

<p>This year, Boeing marked the worst stock-market plunge since the financial crisis in 2008.</p>

<p>With a 35 per cent year-to-date fall, the stock is one of the 20 worst performers in the S&amp;P 500 index.</p>

<p>Even if the stock has levelled out over the previous month, investors are still on the sidelines. Their faith in Boeing's future is shaken by a series of issues in 2024.</p>

<p>Investors fear it will suffer further damage if trade tensions escalate under Trump's administration.</p>

<p>As 2024 rolled in, the airline appeared to be recovering from the devastating effects of the pandemic's impact on international travel, as well as two plane tragedies in 2018 and 2019.</p>

<p>Shares were at their best point in over two years, jet orders were soaring, and Boeing had made significant progress towards mending its icy relations with China.</p>

<p>Wall Street was exceedingly bullish on the stock.</p>

<p>Events began to deteriorate in January when a door plug on a Boeing aircraft detached mid-flight during an Alaska air journey.</p>

<p>A public outcry ensued, resulting in a rigorous examination of Boeing's corporate practices and culture. A management restructuring culminated in the departure of the chief executive officer.</p>

<p>Grave allegations from whistle-blowers, a crippling labour strike, and substantial cash depletion weighed. The company now anticipates risks will persist into 2025.</p>

<p><i>(With inputs from the agencies)</i></p>


Boeing stock took a nosedive in what was meant to be a recovery year. And if Wall Street is correct, the plane maker's shares may only have a tiny rebound in 2025.

Boeing stock took a nosedive in what was meant to be a recovery year. And if Wall Street is correct, the plane maker's shares may only have a tiny rebound in 2025. This year, Boeing marked the worst stock-market plunge since the financial crisis in 2008. With a 35 per cent year-to-date fall, the stock is one of the 20 worst performers in the S&P 500 index. Even if the stock has levelled out over the previous month, investors are still on the sidelines. Their faith in Boeing's future is shaken by a series of issues in 2024. Investors fear it will suffer further damage if trade tensions escalate under Trump's administration. As 2024 rolled in, the airline appeared to be recovering from the devastating effects of the pandemic's impact on international travel, as well as two plane tragedies in 2018 and 2019. Shares were at their best point in over two years, jet orders were soaring, and Boeing had made significant progress towards mending its icy relations with China. Wall Street was exceedingly bullish on the stock. Events began to deteriorate in January when a door plug on a Boeing aircraft detached mid-flight during an Alaska air journey. A public outcry ensued, resulting in a rigorous examination of Boeing's corporate practices and culture. A management restructuring culminated in the departure of the chief executive officer. Grave allegations from whistle-blowers, a crippling labour strike, and substantial cash depletion weighed. The company now anticipates risks will persist into 2025. (With inputs from the agencies)

Boeing stock plunges, outlook bleak for 2025

<p><span class="region">New Delhi</span>
<p>Boeing stock took a nosedive in what was meant to be a recovery year. And if Wall Street is correct, the plane maker's shares may only have a tiny rebound in 2025.</p></p>
<p>This year, Boeing marked the worst stock-market plunge since the financial crisis in 2008.</p>
<p>With a 35 per cent year-to-date fall, the stock is one of the 20 worst performers in the S&amp;P 500 index.</p>
<p>Even if the stock has levelled out over the previous month, investors are still on the sidelines. Their faith in Boeing's future is shaken by a series of issues in 2024.</p>
<p>Investors fear it will suffer further damage if trade tensions escalate under Trump's administration.</p>
<p>As 2024 rolled in, the airline appeared to be recovering from the devastating effects of the pandemic's impact on international travel, as well as two plane tragedies in 2018 and 2019.</p>
<p>Shares were at their best point in over two years, jet orders were soaring, and Boeing had made significant progress towards mending its icy relations with China.</p>
<p>Wall Street was exceedingly bullish on the stock.</p>
<p>Events began to deteriorate in January when a door plug on a Boeing aircraft detached mid-flight during an Alaska air journey.</p>
<p>A public outcry ensued, resulting in a rigorous examination of Boeing's corporate practices and culture. A management restructuring culminated in the departure of the chief executive officer.</p>
<p>Grave allegations from whistle-blowers, a crippling labour strike, and substantial cash depletion weighed. The company now anticipates risks will persist into 2025.</p>
<p><i>(With inputs from the agencies)</i></p>


Boeing stock took a nosedive in what was meant to be a recovery year. And if Wall Street is correct, the plane maker's shares may only have a tiny rebound in 2025.



New Delhi Boeing stock took a nosedive in what was meant to be a recovery year. And if Wall Street is correct, the plane maker's shares may only have a tiny rebound in 2025. This year, Boeing marked the worst stock-market plunge since the financial crisis in 2008. With a 35 per cent year-to-date fall, the stock is one of the 20 worst performers in the S&P 500 index. Even if the stock has levelled out over the previous month, investors are still on the sidelines. Their faith in Boeing's future is shaken by a series of issues in 2024. Investors fear it will suffer further damage if trade tensions escalate under Trump's administration. As 2024 rolled in, the airline appeared to be recovering from the devastating effects of the pandemic's impact on international travel, as well as two plane tragedies in 2018 and 2019. Shares were at their best point in over two years, jet orders were soaring, and Boeing had made significant progress towards mending its icy relations with China. Wall Street was exceedingly bullish on the stock. Events began to deteriorate in January when a door plug on a Boeing aircraft detached mid-flight during an Alaska air journey. A public outcry ensued, resulting in a rigorous examination of Boeing's corporate practices and culture. A management restructuring culminated in the departure of the chief executive officer. Grave allegations from whistle-blowers, a crippling labour strike, and substantial cash depletion weighed. The company now anticipates risks will persist into 2025. (With inputs from the agencies)

As wall street braced for next week's federal reserve meeting, the leaders of the year — large technology companies — held onto their gains as u.S. Treasuries sank.

Wall Street Readies for Next Week's Federal Reserve Meeting

<p>The 'Trump Trade' is still at play in global markets despite some jitters last week. Wall Street stocks rose last week as bitcoin proved naysayers wrong, and the dollar extended its advances into the eighth straight week, the longest in 2024.</p>

<p>As the major tech winners of the year faltered, blue chips and small caps pushed Wall Street higher on Friday. The S&amp;P 500 ended in the green. An equal-weighted version of the S&amp;P 500 index, which accounts for companies like Walgreens Boots Alliance and Nvidia, jumped, putting it on pace for a record-breaking closing high.</p>

<p>The Dow Jones index gained one per cent, and the Russell's 2000 index rose nearly two per cent. An index of bank stocks reached its highest level in almost two years. Although major tech companies lagged, the small-cap index rose 4.5 per cent last week. Analysts predict the rally to continue into the year-end.</p>

<p>FundStrat's managing partner, Thomas Lee, said, "When sentiment reaches a 'bullish extreme' is when we see equities priced to 'perfection'." He added, "By several measures, we are not there at that point yet."</p>

<p>The dollar registered its longest streak of weekly wins since September 2023. Peter Mclean, Head of Multi-Asset Portfolio Solutions at Stonehage Fleming, said, "The US dollar's run can continue." Mclean added, "We also have those geopolitical tensions, which are escalating at the moment. It's natural for investors to seek refuge in the dollar."</p>

<p>In the commodities market, bouts of volatility, driven by escalations in the war in Ukraine, eased on Friday. The ongoing conflict helped to push crude closer to 75 dollars a barrel from about $71 on Monday last week.</p>

<p>Gold, too, rose to trade at over $2,700 an ounce, marking its best week since March 2023. The yellow metal rose from a low of below $2,580 an ounce at the start of last week.</p>

<p>Crypto speculators have driven Bitcoin towards $100,000. The OG token has rallied since Trump's victory to new record highs repeatedly, barring a dip last weekend. SEC Chair Gary Gensler's decision to step down in January was the latest development, which boosted the digital assets market. Enforcement actions against cryptos were rampant during his administration, but they are expected to ease under Trump.</p>

<p>Pro-Crypto President-Elect Trump has sparked a chart-bursting rally. Bitcoin entered the weekend just shy of the landmark $100,000 level, Disappointing fans' expectations that the largest token would break beyond that psychological and financially crucial threshold. The OG token prices dipped just below $99,000 dollars on Sunday morning.</p>

<p>On Friday, the token was just $300 shy of the $100,000 mark. The cryptocurrency market has exploded, adding about $1 trillion to its value.</p>


The 'Trump Trade' is still at play in global markets despite some jitters last week. Wall Street stocks rose last week as bitcoin proved naysayers wrong, and the dollar extended its advances into the eighth straight week, the longest in 2024.

The 'Trump Trade' is still at play in global markets despite some jitters last week. Wall Street stocks rose last week as bitcoin proved naysayers wrong, and the dollar extended its advances into the eighth straight week, the longest in 2024. As the major tech winners of the year faltered, blue chips and small caps pushed Wall Street higher on Friday. The S&P 500 ended in the green. An equal-weighted version of the S&P 500 index, which accounts for companies like Walgreens Boots Alliance and Nvidia, jumped, putting it on pace for a record-breaking closing high. The Dow Jones index gained one per cent, and the Russell's 2000 index rose nearly two per cent. An index of bank stocks reached its highest level in almost two years. Although major tech companies lagged, the small-cap index rose 4.5 per cent last week. Analysts predict the rally to continue into the year-end. FundStrat's managing partner, Thomas Lee, said, "When sentiment reaches a 'bullish extreme' is when we see equities priced to 'perfection'." He added, "By several measures, we are not there at that point yet." The dollar registered its longest streak of weekly wins since September 2023. Peter Mclean, Head of Multi-Asset Portfolio Solutions at Stonehage Fleming, said, "The US dollar's run can continue." Mclean added, "We also have those geopolitical tensions, which are escalating at the moment. It's natural for investors to seek refuge in the dollar." In the commodities market, bouts of volatility, driven by escalations in the war in Ukraine, eased on Friday. The ongoing conflict helped to push crude closer to 75 dollars a barrel from about $71 on Monday last week. Gold, too, rose to trade at over $2,700 an ounce, marking its best week since March 2023. The yellow metal rose from a low of below $2,580 an ounce at the start of last week. Crypto speculators have driven Bitcoin towards $100,000. The OG token has rallied since Trump's victory to new record highs repeatedly, barring a dip last weekend. SEC Chair Gary Gensler's decision to step down in January was the latest development, which boosted the digital assets market. Enforcement actions against cryptos were rampant during his administration, but they are expected to ease under Trump. Pro-Crypto President-Elect Trump has sparked a chart-bursting rally. Bitcoin entered the weekend just shy of the landmark $100,000 level, Disappointing fans' expectations that the largest token would break beyond that psychological and financially crucial threshold. The OG token prices dipped just below $99,000 dollars on Sunday morning. On Friday, the token was just $300 shy of the $100,000 mark. The cryptocurrency market has exploded, adding about $1 trillion to its value.

Dollar notches an eight-week winning streak, longest of the year

<p>During Donald Trump's first term in office, Wall Street learnt one thing: he uses the stock market as a scoreboard. Back then, Trump even contemplated removing Federal Reserve chairman Jerome Powell, whom he held responsible for a deep selloff on Wall Street. At one point previously, the president-elect claimed credit for stock market gains.</p>

<p>Trump is now preparing for a second term as president, and the stock market is in the front and centre again. The catch is that he's also bringing economic policy ideas that many experts believe might lead to slower growth and higher inflation.</p>

<p>Investors have enjoyed the S&amp;P 500 index's more than 50 per cent increase since the beginning of 2023. Their best hope for maintaining market momentum into 2025 and beyond would be Trump's reluctance to do anything that could halt the rally.</p>

<p>Eric Sterner, chief investment officer at Apollon Wealth Management, said, "Trump considers the stock market performance as an important part of his scorecard." the CIO said, "he regularly started his speeches as president in his first term with the question, ‘how’s your 401k doing?’ when the markets were riding high."</p>

<p>Sterner added, "So he clearly does not want to create any policies that threaten the current bull market.”</p>

<p>The S&amp;P 500 index had its greatest trading session after election day ever following Trump's victory on November 5. US equity funds received a whopping 56 billion dollars in the week ending November 13, the highest since March. Despite a little decline last week, the Dow Jones, the technology-heavy NASDAQ, and the S&amp;P 500 have all reached several milestones since election results day. The investment community has extensively discussed every one of Trump's policy risks.&nbsp;</p>

<p>So, where does all this excitement come from?</p>

<p>Wall Street expects that if Trump's own policies lead to a falling stock market, he will revoke them.</p>

<p>Emily Leveille, portfolio manager at Thornburg Investment Management, said, "If some of these (Trump) policies start to impact his popularity, start to impact the stock market in a way that he perceives as being negative, I think that he’ll pivot.”</p>

<p>Or, as Barclays strategists wrote in a note to clients, "We think the president-elect should be taken seriously, but not literally."</p>


During Donald Trump's first term in office, Wall Street learnt one thing: he uses the stock market as a scoreboard. Back then, Trump even contemplated removing Federal Reserve chairman Jerome Powell, whom he held responsible for a deep selloff on Wall Street.

During Donald Trump's first term in office, Wall Street learnt one thing: he uses the stock market as a scoreboard. Back then, Trump even contemplated removing Federal Reserve chairman Jerome Powell, whom he held responsible for a deep selloff on Wall Street. At one point previously, the president-elect claimed credit for stock market gains. Trump is now preparing for a second term as president, and the stock market is in the front and centre again. The catch is that he's also bringing economic policy ideas that many experts believe might lead to slower growth and higher inflation. Investors have enjoyed the S&P 500 index's more than 50 per cent increase since the beginning of 2023. Their best hope for maintaining market momentum into 2025 and beyond would be Trump's reluctance to do anything that could halt the rally. Eric Sterner, chief investment officer at Apollon Wealth Management, said, "Trump considers the stock market performance as an important part of his scorecard." the CIO said, "he regularly started his speeches as president in his first term with the question, ‘how’s your 401k doing?’ when the markets were riding high." Sterner added, "So he clearly does not want to create any policies that threaten the current bull market.” The S&P 500 index had its greatest trading session after election day ever following Trump's victory on November 5. US equity funds received a whopping 56 billion dollars in the week ending November 13, the highest since March. Despite a little decline last week, the Dow Jones, the technology-heavy NASDAQ, and the S&P 500 have all reached several milestones since election results day. The investment community has extensively discussed every one of Trump's policy risks. So, where does all this excitement come from? Wall Street expects that if Trump's own policies lead to a falling stock market, he will revoke them. Emily Leveille, portfolio manager at Thornburg Investment Management, said, "If some of these (Trump) policies start to impact his popularity, start to impact the stock market in a way that he perceives as being negative, I think that he’ll pivot.” Or, as Barclays strategists wrote in a note to clients, "We think the president-elect should be taken seriously, but not literally."

Trump's another stint at the White House brings hope for Wall Street

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Wall Street Recovers Strongly on Friday

Wall Street Recovers Strongly on Friday

Wall Street Rebounds On Friday

Wall Street Rebounds On Friday