The Dow Jones Industrial Average (^DJI) was up 762.87 (1.67%) points today, reaching 46,340.34, while Dow Futures (YM=F) was up 815.00 (1.78%) points. This massive rally was sparked by a surprise Manufacturing PMI report that signaled robust industrial expansion and cooling input costs. Investors reacted with heavy buying, interpreting the data as a sign that the economy is achieving a "soft landing" despite previous interest rate volatility. The broad-based optimism pushed the index to significant gains, w ...

WORKING PAPER 26-3. India's 20 Years of GDP Misestimation: New Evidence. Abhishek Anand, Josh Felman, and Arvind Subramanian. March 2026. ABSTRACT. This working paper presents new evidence suggesting that India misestimated its annual growth rate during the past two decades. Growth during the boom years between 2005 and 2011 may have been underestimated by about 1–1½ percentage points on average; and subsequent growth between 2012 and 2023 may have been overestimated by about 1½-2 percentage points. Once th ...

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JPMorgan partnered with Palantir about 10 years ago to run an insider threat program.The system tracked employees' GPS locations, browser history, emails, and recorded call transcripts.They looked for signs of disgruntled employees and in some cases physically followed suspects after hours.The program was run by a former Secret Service officer.It fell apart in 2013 when JPMorgan executives found out they were being surveilled too, and the officer in charge was forced out.True story. ...

Tri-Continental Corporation Announcements Regarding 96th Annual Meeting of Stockholders Mar 19, 2026 11:45 AM Eastern Daylight Time Tri-Continental Corporation Announcements Regarding 96th Annual Meeting of Stockholders Share BOSTON--(BUSINESS WIRE)--The Board of Directors (the Board) of Tri-Continental Corporation (the Corporation) (NYSE: TY) today announced that the Corporation's 96th Annual Meeting of Stockholders will be held on June 16, 2026 (the Meeting) in Minneapolis, MN. The close of business on Ap ...

Core Insights - The S&P 500 is a highly regarded stock-market index in the U.S., consisting of 500 companies across 11 sectors, with a minimum market capitalization requirement of $22.7 billion and a profitability criterion [1][2] - The index has historically provided an average annual return of 10.6% since 1957, but it has experienced a volatile start in 2026, losing approximately 5% of its peak value due to geopolitical tensions [2][3] Sector Analysis - The S&P 500 is weighted by market capitalization, meaning larger companies have a greater impact on the index's performance. The five largest sectors and their weightings are as follows: - Information Technology: 32.4% (Key companies: Nvidia, Apple, Microsoft) - Financials: 12.5% (Key companies: Berkshire Hathaway, JPMorgan Chase, Visa) - Communication Services: 10.5% (Key companies: Alphabet, Meta Platforms, Netflix) - Consumer Discretionary: 10% (Key companies: Amazon, Tesla, Home Depot) - Healthcare: 9.8% (Key companies: Eli Lilly, Johnson & Johnson, AbbVie) [4][5] - The Information Technology sector is notable for housing the most trillion-dollar companies, including Nvidia, Apple, and Microsoft, which together have a market capitalization of $10.9 trillion. Other significant players include Broadcom ($1.5 trillion) and Taiwan Semiconductor Manufacturing ($1.7 trillion) [6]

Ripple surveyed 1,000+ global finance leaders in 2026. A few things stood out: https://t.co/K4iSBWxMcL→ 72% say digital assets are now table stakes to stay competitive→ 74% see stablecoins as a cash-flow tool, not just a payment rail→ 89% of those surveyed say digital asset custody is a top priorityMost finance leaders aren’t debating digital assets anymore.They’re figuring out how to build with them and who to build with. ...

Introducing Hashi: a new era of Bitcoin finance on Sui.Bitcoin's market cap exceeds $1 trillion. < 0.5% of it is used in DeFi.Hashi is here to change that, with commitments from industry leaders including BitGo, Bullish, Erebor Bank, FalconX, Fordefi, Ledger, and more. https://t.co/THahaevmp4 ...

JPMorgan Chase & Co. formed a council of some of the biggest sports names in the US as part of an effort to manage money for more than half a million college, working and retired athletes across the country. https://t.co/WmnH05DtkS ...

Market Overview - US stocks ended higher, with the S&P 500 rising 0.25% to 6,716.09, the Nasdaq Composite gaining 0.47% to 22,479.53, and the Dow Jones Industrial Average adding 46.85 points, or 0.1%, to finish at 46,993.26, driven by rising oil prices and geopolitical tensions [2][10]. Oil Market Dynamics - Oil prices surged, with Brent crude rising approximately 3% to trade above $103 per barrel, influenced by ongoing geopolitical tensions in the Middle East and comments from President Trump regarding military success against Iran [3][5]. - The escalation of the US-Israel conflict with Iran has raised concerns about potential disruptions in global energy supplies, particularly through the Strait of Hormuz [5]. Sector Performance - Despite rising oil prices, travel and consumer-facing stocks saw notable gains, with the S&P 500 consumer discretionary sector rising about 1%, led by companies like Expedia Group and Booking Holdings [6][8]. - Airline stocks rebounded, with Delta Air Lines increasing more than 6% and American Airlines gaining 3.5% after both raised revenue guidance for the current quarter [8]. - Energy stocks led sector gains, rising just over 1% and extending their month-to-date advance to more than 4% [9]. Financial Sector Insights - Financial stocks showed recovery, with Blackstone rising 4.6%, Apollo Global adding 5.3%, and KKR gaining 3.3%, following recent losses related to concerns over private credit markets [9]. Federal Reserve Outlook - Investor focus is shifting towards the Federal Reserve's policy decision, with expectations for the central bank to keep interest rates unchanged, and a shift in rate cut expectations to just one 25-basis-point cut later this year [10].