Topic
record highs
Business Wall Street holds near record highs as oil eases on US-Iran deal hopes, AbbVie announces $10.9B acquisition
US stocks traded near record levels on Monday as easing oil prices and progress in US-Iran talks boosted sentiment, while rising Treasury yields reflected inflation concerns. The S&P 500 edged up 0.1%, the Dow rose 220 points, and the Nasdaq slipped. Brent crude fell 2.8% to $78.34. AbbVie gained 4.9% after announcing a $10.9B acquisition of Apogee Therapeutics, which surged 46.9%.
Commodities Blooming paradox: India's flower industry hits record highs even as the Northeast withers
India's floriculture sector has reached record highs with 4 lakh hectares under cultivation and GVA of ₹51,643 crore in 2023-24, yet the Northeast region, once a promising frontier, has seen a retreat in flower farming. Structural factors such as urbanisation in established states and lack of infrastructure in the Northeast explain this paradox.
Commodities Brent Crude Nears $100 Amid Iran Tensions, Impacting Global Markets
Brent crude prices surged to $97.51 per barrel on the ICE, nearing the $100 mark due to escalating tensions between the US and Iran. The geopolitical unrest has heightened supply concerns, impacting global markets.
Business US Markets Surge to Record Highs Amid Strong Labor Demand
US stock markets closed at record highs, with the Dow Jones, S&P 500, and Nasdaq all posting gains. The rise is supported by strong labor demand, as job openings increased significantly.
Trade Global temperatures to stay near record highs: WMO
Read the full story for in-depth analysis.