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Scandal-Hit Rajesh Exports Shares Hit 5% Lower Circuit for 5th Straight Session After SEBI Allegations
The crisis surrounding Rajesh Exports has deepened as the company’s shares reportedly hit the 5% lower circuit for the fifth consecutive trading session. The sharp decline comes after serious allegations from the Securities and Exchange Board of India (SEBI), triggering panic among investors and raising fresh questions about corporate governance at one of India’s best-known…
UK Defence Spending Plan Faces Tax Rise Talk, June 10
Chancellor Reeves signals tax rises for defence spending. Government finalises £28 billion investment plan after cabinet disputes.
SoftBank Weighs Alternative Fundraising After $6B OpenAI Margin Loan Discussions Slow
SoftBank is reviewing new fundraising avenues after discussions over a $6 billion margin loan tied to its OpenAI stake lost momentum. The Japanese investment giant has been aggressively expanding its artificial intelligence portfolio, making fresh capital a key focus for investors tracking its next move. SoftBank Faces Financing Hurdle in OpenAI-Backed Loan Plan SoftBank initially…
Bitcoin Falls Below $62,000 as ETF Outflows Accelerate, June 10
Bitcoin trades at $61,673.66, down 2.76% as ETF outflows hit $4.4 billion. Meyka rates BTC C+. Analysts predict $46,000 bottom or $250,000 by 2028.
Global Market Update: S&P 500 Futures Fall 0.2%, Hang Seng Futures Drop 0.7%, Topix Slides 0.3%
The Global Market opened with a cautious tone as investors reacted to renewed geopolitical tensions, rising oil prices, and uncertainty ahead of key inflation data from the United States. Early trading showed S&P 500 Futures down 0.2%, Hang Seng Futures lower by 0.7%, and Japan’s Topix index slipping 0.3%, indicating a softer start across major…
Bank of Canada Signals No Quick Fix for Housing Market, June 09
Bank of Canada maintains steady housing policy as debt-stressed households face mortgage renewal challenges and refinancing pressures.
Chrisleys Sue Former Attorney for $25M Over Legal Malpractice, June 09
Todd and Julie Chrisley sue attorney Chris Anulewicz and Balch & Bingham for $25M, alleging legal malpractice led to convictions and prison time.
Social Security Faces Insolvency in 2032, Medicare in 2033
Social Security trust fund depletes in 2032, Medicare in 2033. Trustees warn of 22% benefit cuts for retirees without congressional action.
Senate Spending Stalled as Collins, Democrats Clash Over Defense Budget, June 09
Senate Appropriations Chair Susan Collins halts spending bill markups amid partisan dispute over defense and domestic funding totals.