Global X - India Nifty 50 ETF
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URTH Hits Record $204.93 as RSI Signals Overbought Territory, May 31
URTH hits record $204.93 with RSI at 94.6 (overbought). Tech concentration at 29.62% and dividend cut loom as Fed meets June 17.
Flight Attendants Celebrated on International Day, June 01
Flight attendants are trained safety officers and first responders. Major carriers like American and Delta accept less than 1% of applicants.
US, UK, Australia Launch Undersea Drone Project Under Aukus, May 31
US, UK, Australia develop underwater drones under Aukus to protect undersea cables from sabotage. UK contributes £150m. Deliveries start 2027.
Ethereum Drops Below $2,000 as ETF Outflows Hit $920M, May 31
Ethereum drops below $2,000 as spot ETH ETFs see $920M outflows. Institutional demand cools amid profit-taking and sector rotation.
Australia’s Battery Boom Cuts Power Outages and Energy Bills, June 01
Australia installed 415,000 household batteries since July, reducing electricity prices by 10% and cutting power outages significantly.
Asian AI Supply Chain Bets Surge as SpaceX, OpenAI IPOs Loom, May 31
Investors shift focus from Asian chipmakers to server, cooling, and power suppliers as SpaceX and OpenAI prepare record IPOs.
Fed Chair Warsh Takes Office as Inflation Persists Above 4%, May 31
New Fed Chair Kevin Warsh takes office as inflation exceeds 4%. The Fed may hike rates in 2026 if inflation worsens.
Hegseth Calls Asian Allies to Boost Defense Spending Against China, May 31
Defense Secretary Hegseth urges Asian allies to increase military spending against China’s regional buildup at Singapore defense summit.
African Development Bank Backs Reform Push at May 31 Summit
African Development Bank governors endorse financial reform agenda at 2026 Annual Meetings in Brazzaville to mobilize capital across Africa.