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Stocks in news: IDFC First Bank, Hindustan Zinc, BPCL, Bharti Airtel, Waaree Energies
The Economic Times· 2026-02-24 00:41
Overall, analysts say the ongoing tussle in the index reflects prevailing uncertainty on the global front, while domestic cues remain largely muted.Hindustan Zinc, BPCL, Bharti Airtel, In the wake of the recently disclosed discrepancy in Haryana government-linked accounts, IDFC First Bank said it will introduce an additional layer of system-driven controls for high-value, branch-based transactions. Under the proposed framework, any transaction exceeding a predefined threshold will require mandatory customer ...
Stocks Slip as Software Selloff Sparks AI Concerns | The Close 2/23/2026
Youtube· 2026-02-24 00:28
Market Overview - The U.S. markets experienced a mixed day, with a focus on the U.S. 2-year yield rising by four basis points following a Supreme Court ruling that raised questions about inflation and interest rates [2][6] - Gold prices increased as investors reacted to the risk-off sentiment in the market, while tech stocks, particularly in the software sector, saw declines of approximately 1.5% [2][4] Technology Sector - The software sector is facing significant pressure, with fears that AI tools may replace traditional software suites, leading to a 30% decline in an index of stocks including Salesforce and Adobe since their record highs [4][70] - Companies like IBM have seen substantial stock declines, with IBM down over 13% amid concerns about AI disruption [70][77] Payment and Delivery Services - PayPal's stock rose nearly 5% due to takeover interest, contrasting with the broader tech sector's struggles [3] - Delivery service companies such as DoorDash and Uber are facing challenges as hypothetical scenarios suggest that AI could disrupt their business models, contributing to stock declines [5][71] Tariff and Trade Implications - The Supreme Court ruling on tariffs has created uncertainty, particularly for major importers like Home Depot and TJX, as the market grapples with the implications of potential tariff changes [6][80] - The Attorney General of Nevada indicated that states are considering actions to recover tariffs collected, which could amount to hundreds of billions of dollars [22][23] Economic Indicators - The current economic environment shows signs of growth, with global growth rates around 2.5% and 3% including emerging markets, while inflation is gradually decreasing [10][17] - The bond market is experiencing a steepening yield curve, driven by long-term inflationary concerns and an excess supply of government debt [12][14] Trucking and Transportation Sector - The trucking industry is witnessing structural changes, with a significant reduction in driver availability leading to higher rates and potential long-term impacts on capacity [57][68] - Demand for transportation services is still down year-over-year, but there are positive indicators such as increased trade volumes and a projected recovery in the second half of the year [59][63]
White House Takes The Wheel On The Stablecoin Bill As Yield Debate Narrows
Yahoo Finance· 2026-02-23 23:00
One crypto-side attendee offered a blunt read of the banking lobby’s motivations: the pushback on stablecoin yield stems more from competitive pressure than genuine fears of deposit flight, which had been the original framing.The proposed anti-evasion language would give the SEC , Treasury , and the CFTC authority to enforce the yield ban, with civil monetary penalties of $500,000 per violation, per day — a provision bank-side sources described as “encouraging.”The draft also acknowledged bank concerns rais ...
Thompson Thrift's 100th Multifamily Community to be Developed in Atlanta Suburb
Prnewswire· 2026-02-23 20:32
Thompson Thrift's 100th Multifamily Community to be Developed in Atlanta Suburb [Accessibility Statement] Skip NavigationATLANTA, Feb. 23, 2026 /PRNewswire/ -- [Thompson Thrift], a full-service nationally recognized real estate company and one of the nation's leading multifamily developers, today announced that it will develop Lineage, a 300-unit multifamily community in Dacula, a suburb approximately 30 miles northeast of downtown Atlanta. Lineage marks Thompson Thrift's 100th multifamily community develop ...
Fed Governor Says US Likely Lost Jobs in 2025
PYMNTS.com· 2026-02-23 19:14
A leading Federal Reserve official says that employment in the U.S. likely declined last year.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.Data from the Bureau of Labor Statistics (BLS) showing that job creation ...
Market Retreats as New 15% Global Tariffs Spark Trade Uncertainty; Nvidia Earnings Loom
Stock Market News· 2026-02-23 17:07
Market Overview - U.S. equity markets are experiencing volatility with a shift toward a "risk-off" sentiment as major indexes retreat from recent highs due to a new 15% global tariff on imports announced by the White House [1][4] - The S&P 500 has fallen approximately 0.8% to around 6,835, while the Dow Jones Industrial Average has dropped over 750 points, or 1.3%, to about 48,857 [2] - The Nasdaq Composite is down 0.9%, currently at 22,596 [2] Economic Impact - The new trade policy has overshadowed previous optimism, complicating the Federal Reserve's path as the core PCE price index is running at a 3% annual rate [5] - Economists warn that persistent inflation and new trade costs may keep interest rates "higher for longer" [5] Corporate Developments - The pharmaceutical sector is facing a significant sell-off, with Novo Nordisk shares plummeting 15.9% after disappointing trial results for its weight-loss drug [6] - Eli Lilly benefits from this situation, continuing to lead in the obesity-treatment market [6] - In the technology sector, Nvidia is trading slightly higher ahead of its critical Q4 earnings report, viewed as a bellwether for AI infrastructure spending [7] - Other notable stock movements include Domino's Pizza rising 6% after beating revenue expectations, while American Express fell 7% due to concerns over consumer spending [7] Upcoming Market Events - The week ahead includes significant market-moving events, such as Nvidia's earnings report on Wednesday and the Consumer Confidence Index on Tuesday, which will provide insights into household reactions to the tariff news [8] - Earnings reports from Salesforce and major financial institutions like Scotiabank are also anticipated, offering a broader view of the enterprise software and global banking sectors [8]
SoFi stock price has imploded: will it rebound?
Invezz· 2026-02-23 15:09
SoFi stock price has imploded as short interest hits 10%: will it rebound? - Invezz# SoFi stock price has imploded: will it rebound?[Finance & Banking]Author[Crispus Nyaga]Feb 23, 2026, 15:09 PM- SoFi has strong fundamentals, meaning that it will eventually rebound.- Technical analysis suggests that the stock has more downside to go.- SoFi stock price has crashed by over 40% from its highest point last year.SoFi stock price continued its strong downward trend this year, moving to its lowest level since July ...
VERT Tokenizes Mottu and Banco Pine Debentures on XDC Network
Yahoo Finance· 2026-02-23 13:00
The global momentum behind RWA tokenization has shifted from theoretical pilots to institutional-grade execution. As capital markets seek greater efficiency, transparency, and global reach, Brazil has emerged as a primary laboratory for this transformation. This shift is driven by a unique combination of progressive regulation, a tech-savvy financial sector, and the search for lower operational costs. At the heart of this movement is the XDC Network, providing the neutral, public infrastructure necessary ...
Quiet Stability: Why Municipal Bonds Are 2026's Best Hidden Yield Play
Seeking Alpha· 2026-02-23 12:35
Core Insights - The article highlights Rida Morwa's extensive experience in investment and commercial banking, emphasizing his focus on high-yield investment strategies since 1991 [1] - The Investing Group High Dividend Opportunities aims to provide sustainable income through various high-yield investments, targeting a safe yield of over 9% [1] - The service includes features such as a model portfolio with buy/sell alerts, preferred and baby bond portfolios, active community engagement, and regular market updates [1] Investment Strategy - The service philosophy is centered around community and education, promoting the idea that investors should not navigate the market alone [1] - The model portfolio is designed to assist investors in making informed decisions with timely alerts on buy and sell opportunities [1] - The inclusion of preferred and baby bond portfolios caters to more conservative investors seeking stability [1] Community Engagement - The service fosters a vibrant and active chat environment, allowing members to interact with service leaders and other investors [1] - Regular market updates are provided to keep members informed about the latest trends and opportunities in high-yield investments [1]
Tariff Plan B
Seeking Alpha· 2026-02-23 12:30
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify.Getty Images Who has the most influence over your 2026 portfolio right now?• The White House (policy)• Supreme Court (the law)• Congress (the purse strings)• The Federal Reserve (interest rates)Click here to take the poll and don't forget to share your thoughts in the WSB comments section. Good morning! Here's the latest in trending:Blizzard warning: Key Northeast airline operations ...