Banks like City Union Bank, Karnataka Bank, and Bank of Baroda are offering attractive interest rates on special 555-day fixed deposit schemes, drawing investor attention for potentially better returns.
SpaceX's IPO saw its stock close up 19% on its debut, with founder Elon Musk becoming the world's first trillionaire. Despite investor optimism and significant retail investment, concerns about overvaluation persist, with analysts pointing to high P/E ratios compared to tech giants like Nvidia and Apple.
SpaceX's IPO has made Elon Musk the world's first trillionaire, with shares closing up 19%. Despite investor optimism, analysts warn of overvaluation and the need for rapid results, citing high P/E ratios compared to tech giants like Nvidia and Apple.
Foreign investors sold a record $31.83 billion in Korean stocks in May, continuing a selling trend from April. They also bought $5.68 billion in bonds, resulting in a net sale of $26.15 billion in local securities.
Prime Minister Narendra Modi and French President Emmanuel Macron launched 'Bharat Innovates 2026' in Nice, highlighting India's role as a global solutions provider. The event showcased 120 deep-tech startups and attracted over 500 investors, with nearly $20 million in new commitments. The leaders emphasized bilateral cooperation in AI, climate change, and civil nuclear energy.
While Bitcoin ETFs attract attention, dozens of obscure institutional products are emerging, allowing Bitcoin to be used like Treasuries and gold: pledged for loans, posted as margin, held as insurance reserves, and built into corporate balance sheets, indicating a shift beyond speculation into core financial machinery.
Jamaican campaigners are taking the government to court to prevent the privatization of beaches, arguing it benefits tourists and hotel chains over locals who rely on the sea for livelihoods and leisure. The legal battles aim to challenge the 1956 Beach Control Act and a new Narra Act, which activists fear will further restrict public access and concentrate power.
PM Modi and French President Macron jointly inaugurated the Bharat Innovates 2026 conclave in Nice, France. The event aims to deepen cooperation in technology and innovation, bringing together startups, investors, and institutions from India and France.
PM Narendra Modi and French President Emmanuel Macron jointly inaugurated the Bharat Innovates 2026 conclave in Nice, France. The event aims to deepen cooperation in technology and innovation, connecting Indian startups with global investors and researchers.
Hong Kong official John Lee emphasized the Northern Metropolis project's importance in attracting talent, crucial for industrial upgrades and competing globally. Early success stories, like the Hetao cooperation zone, are needed to draw investors.
Foreign investors are actively trading single-stock leverage products for Samsung Electronics and SK Hynix, buying and selling them repeatedly ('ping-pong' trading) while net selling the underlying stocks. This strategy aims to maximize profits by rebalancing portfolios and capitalizing on short-term price fluctuations in the volatile semiconductor market.
SpaceX's IPO highlighted the ambiguity in crypto exchanges' equity-linked instruments. Products ranged from actual shares to tracker certificates and perpetual futures, each with distinct risks and ownership claims.
Google has filed a lawsuit against Outsider Enterprise, a Chinese cybercrime network, for allegedly using Gemini AI to automate fraudulent text messaging and phishing campaigns. The operation reportedly targeted hundreds of thousands of U.S. victims, stealing millions of credit card numbers and causing billions in losses.
An analysis of 652 token listings since January 2025 reveals that retail investors have lost half their stake on average, with a median return of -82%. This highlights the risks associated with new token listings on major exchanges.
TD Securities highlights upcoming index rebalancing dates for SpaceX post-IPO, emphasizing their importance for investors. Despite not being fast-tracked into the S&P 500, SpaceX's inclusion in other indexes like Nasdaq 100 is crucial.
Warren Buffett humorously responded to Elon Musk's declaration of starting a candy company and building a candy moat, comparing it to established brands like Snickers and M&M's. Buffett emphasized that strong brands, like those in the candy industry and products like the iPhone, possess significant 'moats' or competitive advantages that are difficult for new entrants to overcome.
DraftKings reported rapid growth in its prediction markets business, with annualized consumer volume reaching $1.3 billion and total volume $3.1 billion in May 2026. However, established platforms like Kalshi and Polymarket process significantly higher volumes, highlighting DraftKings' late entry into a mature market. The sector's legal status as derivatives overseen by the CFTC is a key point of contention.
SpaceX's historic IPO saw overwhelming demand from retail investors, with 30% of shares allocated to individuals. This surge propelled Elon Musk to become the world's first trillionaire, as the company's valuation neared $2 trillion on its first day of trading.
Chinese investors in Indonesia's nickel industry have formally protested new government policies, including proposed royalty increases and stricter foreign exchange rules. The China Chamber of Commerce in Indonesia cited increased operational costs and undermined investment certainty, potentially impacting the future of Chinese capital in the nation's industrialization program.
India's high-net-worth investors are increasingly diversifying portfolios beyond stocks, seeking alternative investments in private equity, real estate, and private credit. The ET Alpha Wealth Summit highlighted a structural shift towards deeper diversification across asset classes and geographies, with the AIF industry growing rapidly.
SpaceX's record-breaking IPO on Nasdaq excluded Chinese and Hong Kong investors. However, Chinese investors are reportedly using digital assets and offshore crypto platforms to gain synthetic exposure to popular US tech stocks like SpaceX, bypassing capital controls and regulatory bans.
In the first quarter, Taiwanese life insurance policy surrenders reached NT$481.5 billion, a NT$70 billion increase year-on-year, largely attributed to funds moving into the booming stock market driven by AI. Savings accounts also saw shifts, with individuals withdrawing from fixed deposits to invest in stocks, pushing securities deposit balances to record highs.
SpaceX became a publicly traded company on the Nasdaq, opening at $135 a share and closing at $160.95, valuing the company at nearly $1.8 trillion. Founder Elon Musk is now the world's first trillionaire. The company's value is increasingly seen in AI services, particularly orbital data centers, rather than space exploration contracts.
SpaceX's IPO is met with mixed investor sentiment, with some calling its $1.77 trillion valuation "aggressive" and "unreasonable," while others bet on Elon Musk's vision and potential for a strong first-day rally. Retail investors are seeking allocations, some planning to flip shares quickly, while others see long-term potential in the space economy.
