India's SEBI has approved the reintroduction of open market buybacks for companies, effective August 1. This method allows firms to repurchase shares directly from stock exchanges, offering an efficient way to return capital to shareholders.
US stock markets fell Wednesday after the Federal Reserve kept interest rates unchanged but signaled a possible hike by year-end. The Fed cited economic expansion despite Middle East conflict uncertainty and elevated inflation, with nine members projecting at least one rate increase.
The Federal Reserve's FOMC statement has been significantly shortened under new Chair Kevin Warsh, with the latest release containing around 130 words compared to over 300 in previous meetings. Warsh stated the change aims for a simpler, fact-based communication, removing forward guidance.
The US Federal Reserve kept interest rates unchanged for the fourth time this year, maintaining the range at 3.5% to 3.75%. New Chair Kevin Warsh presides over the decision amid elevated inflation and Middle East conflict uncertainty. Projections show a shift, with nine members now anticipating a rate hike this year, contrasting with earlier expectations of cuts.
Federal Reserve Chair Kevin Warsh may skip the upcoming "dot plot" release, a quarterly update on interest rate projections. This move, if it occurs, would break 14 years of tradition and could signal a shift in the Fed's communication strategy.
The EU's digital sovereignty package aims to reduce dependence on US tech, but faces challenges. Beti Hohler's experience with US sanctions highlights the risks of this reliance. The package's Cloud and AI Development Act (Cada) has flaws in enforcement and scope, potentially entrenching US dominance.
AWS marketing head Julia White asked employees to hire recently laid-off Meta workers, citing 160 open roles in her unit. She acknowledged attrition but stated hiring is the bigger challenge, with career growth and lifestyle also contributing to departures.
Major investors like Apollo and Coinbase Ventures are buying DeFi governance tokens (ENA, MORPHO) as security concerns concentrate capital in top protocols, betting they'll become financial infrastructure despite current token value disconnects.
KDDI has launched "au Flex Style" under its "au +1 collection" brand to sell open market (SIM-free) smartphones, including models from Nothing and OPPO. This initiative aims to offer specialized devices without the extensive development costs of carrier-specific models, while ensuring network compatibility through KDDI's "au OPEN DEVICE DEVELOPER SITE (ODDS)". The move aligns with KDDI's mid-term strategy to focus on the consumer "Personal Growth" domain.
Bitcoin's macro setup has shifted from expecting rate cuts to anticipating a potential Fed hike in December 2026. This change, driven by rising Treasury yields and a stronger dollar, is testing ETF-era demand and Bitcoin's $76,000-$77,000 support zone.
Nvidia CEO Jensen Huang anticipates China will eventually allow imports of advanced US AI chips. While H200 chips have export licenses, China's government will decide on market access, balancing local industry protection with AI expansion. Huang noted discussions occurred during Trump's China visit.
New Federal Reserve Chair Kevin Warsh is expected to face significant opposition from the Federal Open Market Committee regarding his potential push for interest rate cuts, as inflation surges and other officials signal a preference for rate hikes. Warsh's past calls for 'family fights' over policy may prove challenging.
Federal Reserve Governor Stephen Miran resigns as new Chair Kevin Warsh prepares to take office, citing confidence in Warsh's potential changes to communications, balance sheet policy, and adherence to the Fed's mandate.
True Love, trained by Aidan O'Brien and ridden by Wayne Lordan, won the 1,000 Guineas at Newmarket on Sunday, beating 18 rivals by one and three-quarter lengths. The 5-1 second-favourite triumphed as stable companion Precise, the 9-5 favourite, faded tamely in the final quarter-mile. O'Brien now has eight wins in the Classic, one short of the all-time record held by Robert Robson.
True Love, trained by Aidan O'Brien and ridden by Wayne Lordan, won the 1,000 Guineas at Newmarket. The filly powered to victory, marking O'Brien's eighth win in the classic race.
True Love gave Aidan O'Brien his eighth 1,000 Guineas winner with a convincing success at Newmarket, justifying her position as second-string in the betting to win at 5-1. Wayne Lordan rode the filly to victory, tracking the pace before powering into the lead a furlong out, beating Evolutionist and Venetian Lace in a 19-runner field.
Hong Kong’s monetary authority held its base rate at 4% following the US Federal Reserve’s decision to keep its target rate in the 3.5-3.75% range. Fed chairman Jerome Powell said he would remain on the Fed board after his term ends on May 15 due to President Donald Trump’s legal battle against him. Analysts said the inflationary impact of the US-Israel war with Iran had reduced chances of a rate cut this year.
The Federal Reserve maintained interest rates at 3.5-3.75% citing upside inflation risks from rising global energy prices and Middle East uncertainty. Four of 12 FOMC members dissented—the highest since 1992—with Stephen Miran advocating for a cut while others objected to the policy statement's rate cut indication. Oil prices have climbed above $110/barrel from $70 before the US-Iran conflict began February 28.
