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RBI opens exclusive forex window for oil refiners to stabilize rupee. The central bank is supplying dollars to state-run refiners through state lenders like SBI, reducing pressure on India's currency. Daily dollar demand from oil companies averages 500-550 million, but analy...

AI coding startup Cursor is raising $2 billion at a valuation exceeding $50 billion, according to Bloomberg. The company, which launched its AI coding assistant in 2023, has become one of the fastest-growing startups globally. Cursor previously raised $2.3 billion in Novembe...

Bank of America Q1 earnings beat expectationsBank of America delivered stronger-than-expected Q1 2026 earnings on April 15, with shares climbing 1.8% following the announcement. The banking giant reported net interest income of $15.75 billion while demonstrating robust loan...

Persian Gulf oil recovery will take months once regional conflict ends, with at least 14.2 million barrels per day of global supply currently disrupted. According to research from CERA, part of S&P Global Energy, Middle East oil producers will require several months to fully...

Starlink's India expansion faces major regulatory roadblocks. The Elon Musk-owned satellite internet company's foreign direct investment application is currently on hold, with the Indian government raising national security concerns. Officials are questioning cross-holdings...

Social Security faces a critical funding crisis with insolvency projected by the mid-2030s. A new proposal would cap annual benefits at $50,000 for individuals and $100,000 for couples, potentially cutting $190 billion in payouts over the next decade. While initially targeti...

Applied Materials outperforms semiconductor peers with stellar returns driven by AI-driven wafer fab equipment demand. The company's forward P/E of 32x remains below peer averages despite accelerating earnings growth, justified by exposure to high-margin DRAM, HBM, and GAA l...

OpenAI undergoes major leadership shake-up. The artificial intelligence company has lost three top executives as it refocuses its strategy away from what leadership calls "side quests." This restructuring signals a significant pivot in how the organization prioritizes its re...