What to Know About Iran’s Drones, Which Are Cheap to Launch but Expensive to Intercept
What to know about Iran’s cheap, noisy Shahed drones and the expensive defense systems trying to stop them. Source link
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US stocks today: Wall Street rebounds as oil prices ease and strong economic data lift sentiment
US stock markets rebounded on Wednesday after two days of sharp volatility, supported by easing oil prices and encouraging economic data that improved investor confidence.The S&P 500 rose 0.8 per cent in midday trading and was on course to recover most of the losses recorded since the war with Iran began. The Dow Jones Industrial…
Fred VanVleet Was a Critic of the NBA Players’ Union. Now He’s Leading It.
Fred VanVleet, a league veteran, has plenty of headaches to deal with. Can he revive trust in the organization? Source link
PhonePe eyes up to $10.5 billion valuation in India IPO, plans about $1 billion
Walmart-backed fintech major PhonePe is targeting a valuation of $9 billion to $10.5 billion (about Rs 75,000 crore–Rs 87,000 crore) for its upcoming India IPO, with plans to raise around $1.05 billion through an equity sale, sources aware of the development told news agency PTI.The expected valuation is lower than the company’s last funding round…
Liquid Natural Gas Exporters Like Shell and ExxonMobil Could See Big Profits From War
Prices for liquefied natural gas have shot up in recent days, which could bring bigger paydays for European and U.S. energy companies. Source link
Middle East disruption pushes oil prices higher: Could Russia gain financially and fund its Ukraine war longer?
The disruption of Middle East energy supplies due to the Iran war is pushing global oil and gas prices higher, a development that could strengthen Russia’s finances and indirectly support its war effort in Ukraine.Rising energy prices are increasing the revenue Russia earns from oil and gas exports – a key pillar of the Kremlin’s…
How to Invest During a Persian Gulf War
The best playbook for recent U.S. conflicts has been to forget that they are even happening. Will this time be different? Source link
RBI announces Rs 20,000 crore G-sec switch auction on March 9 to ease upcoming redemption pressure
The Reserve Bank of India (RBI) on Wednesday said it will conduct a switch auction of government securities worth Rs 20,000 crore on March 9 as part of efforts to manage the government’s bond redemption profile.According to an RBI release, the auction will be held between 10:30 am and 11:30 am, as reported PTI. The…
U.S. Gas Prices Continue to Rise
The price for a gallon of regular gasoline has jumped more than 20 cents this week. Diesel prices rose to their highest level since April 2024. Source link
Rupee falls to all-time low of 92.05 against dollar as oil surge, foreign outflows rattle markets
The Indian rupee weakened sharply on Wednesday, slipping to a record closing low of 92.05 against the US dollar as soaring crude oil prices and global risk aversion linked to the Iran crisis weighed heavily on the domestic currency.The rupee depreciated by 56 paise during the session, pressured by rising energy costs, foreign fund outflows…