Day: July 8, 2026

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The U.S. SEC cleared a key legal hurdle for UBS by allowing potential debt-to-equity conversions under its crisis-resolution plan without enforcement action. The move supports “bail-in” mechanisms directed by Swiss regulators and addresses cross-border issues exposed during the Credit Suisse rescue, strengthening UBS’s contingency framework.

U.S. stocks closed lower after Donald Trump declared the Iran deal “over,” raising fears of further conflict and pushing oil prices higher. The Dow dropped sharply while the S&P 500 slipped. Chip stocks gained on Apple’s Broadcom deal, but inflation concerns and IMF growth cuts weighed on sentiment.

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US central bank officials discussed rising inflation at their recent meeting. Most participants saw inflation falling on its own, but some favored immediate rate hikes. The committee ultimately decided to keep interest rates steady for now. Policymakers also considered shortening the policy statement and ending forward guidance. New projections indicated a growing sentiment for a…

Despite a generally positive long-term outlook on gold, brokerages are adjusting their near-term expectations downward. Bank of America has notably decreased its average gold forecast for 2026 by fourteen percent. Similarly, JPMorgan is indicating that risks to its gold predictions appear to trend negatively. Analysts are presenting a wide range of price targets for gold,…

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…

Palantir shares fell over 4% as investors sold high-valuation AI software stocks amid concerns over slower-than-expected AI adoption. Weak broader markets, insider selling, and bearish bets by Michael Burry added to pressure, signalling a wider rotation away from expensive technology stocks lacking clear near-term growth justification.

SBI Funds Management has filed its red herring prospectus for an IPO comprising only an offer for sale by SBI and Amundi India Holding. The listing will offer investors exposure to India’s fast-growing mutual fund industry without raising fresh capital.

Indian markets declined sharply as rising crude prices, higher bond yields and renewed West Asia tensions hurt sentiment. Technical analysts recommended Alkyl Amines Chemicals and Ather Energy, citing bullish trends, strong momentum and favourable technical indicators.