react – LSD News

Tim Cook reactions: Sam Altman, Palmer Luckey, Warren Buffett react to Apple CEO move

LSD News Szerkesztőség — Tue, 21 Apr 2026 11:14:25 +0000

Apple CEO Tim Cook holds an iPhone 17 pro and an iPhone air, as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, U.S. Sept. 9, 2025.

Manuel Orbegozo | Reuters

Apple announced on Monday that CEO Tim Cook will be replaced by John Ternus. Executives across the tech industry and beyond began reacting to the transition shortly after the news broke.

Cook has served as the iPhone maker’s CEO for nearly 15 years, after late founder Steve Jobs resigned in 2011.

“Tim Cook is a legend,” OpenAI CEO Sam Altman posted on X. “I am very thankful for everything he has done and I am very thankful for Apple.”

Apple and OpenAI first partnered in 2024, integrating ChatGPT into Siri and Apple’s writing tools.

Palmer Luckey, founder of Oculus VR, also posted on X, writing “RIP Tim Apple,” referring to the famous White House incident with President Donald Trump in 2019.

Trump mistakenly addressed Cook as “Tim Apple” during his first term. Cook made light of the remark, replacing his last name with the Apple logo on his Twitter profile.

Luckey left Facebook in 2017 and founded defense contractor Anduril later that year.

Warren Buffett, chairman of Berkshire Hathaway, told CNBC’s Becky Quick that “Apple would not be the Apple of today without Tim Cook.”

“What he has done with Apple could not be done by anybody I’ve known,” Buffett said. Apple is Berkshire Hathaway’s largest shareholding.

“Covering the world and getting along with countries with all kinds of histories and doing right by the customer, people who worked for him, certainly the shareholders, which we were lucky enough to be one of… he’s one of a kind,” Buffett said.

Ternus, currently a senior vice president of hardware engineering, will become CEO effective Sept. 1. Cook will then assume the role of executive chairman.

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The world’s 500 richest people made more than a quarter trillion yesterday as volatile markets react to fragile Iran war ceasefire | Fortune

LSD News Szerkesztőség — Thu, 09 Apr 2026 23:12:17 +0000

Wall Street traders saw a huge surge yesterday, and the world’s wealthiest billionaires had their best day in nearly a year, after President Donald Trump took back his threat that “a whole civilization will die tonight” on Tuesday, quelling traders’ fears.

The world’s 500 richest people made $265 billion yesterday, according to the Bloomberg Billionaires Index. With the Dow Jones Industrial Average jumping 2.85% and the S&P 500 soaring by 2.51%, it was the second-largest single-day profit since the index was created in 2012.

Meta CEO Mark Zuckerberg made the most gains and added $12.8 billion to his personal net worth as Meta shares—of which Zuckerberg owns about 13%—rose 6.5%. Luxury goods billionaire Bernard Arnault had the second-highest gains with $9.89 billion.

The largest gain for the world’s 500 wealthiest people was just a year ago tomorrow, on April 10. Last year on this day, Trump paused his planned “Liberation Day” tariffs, and the subsequent 24 hours of trading added a record $304 billion to the top 500 wealthiest’s net worths. In comparison, this Wednesday saw 61 people on the index grow their wealth by more than $1 billion.

The rally won’t offset that the 500 wealthiest billionaires are still at a collective loss of $38.8 billion year-to-date. The world’s richest man Elon Musk alone lost about $3 billion on Wednesday.

That growth may not last forever. Both the Dow and and S&P 500 briefly dipped this morning before making modest gains as reports of a shaky ceasefire dominated headlines. Crude oil climbed back up to $100 per barrel on Thursday morning, as doubts grow over how the ceasefire will hold. The current price is far from its peak of $118.35 since the war began, but much higher from its $70 cost before the war.

After an eleventh-hour ceasefire deal between the U.S., Israel and Iran was reached on Tuesday, just before Trump’s self-imposed 8 p.m. deadline that night, a ceasefire agreement sent markets soaring. Then Israel heavily bombarded what it considered Hezbollah strongholds in Lebanon on Wednesday, killing more than 200 people. Iran, which said it believed the ceasefire included Lebanon, claimed Israel had violated the agreement and thus closed the Strait of Hormuz to non-approved ships in response to the attacks.

On Thursday as talks continue, Trump told NBC News that he asked Israeli Prime Minister Benjamin Netanyahu to be “a little more low-key” in operations in Lebanon.

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US stocks fell, GIFT Nifty down 300 points and oil nears $100. How will stock market react on Monday?

LSD News Szerkesztőség — Sun, 08 Mar 2026 12:07:53 +0000

Indian equities are likely to open sharply lower on Monday after a turbulent end to the week for global markets, with crude oil prices surging, US stocks falling, and the GIFT Nifty indicating a steep decline at the start of trading. Early signals suggest a negative opening as GIFT Nifty was down nearly 300 points, pointing to a weak start for benchmark indices when trading begins on Dalal Street.

The negative cues follow a sharp selloff on Wall Street on Friday, where all three major US indexes closed lower amid rising geopolitical tensions in the Middle East and concerns about the health of the American economy.

The Dow Jones fell nearly 1%, posting its steepest weekly decline since April 2025. The S&P 500 dropped 1.3%, while the Nasdaq Composite slid 1.6%. US markets were unsettled by a disappointing US payrolls report that raised fresh concerns about a cooling labour market at a time when rising energy prices threaten to revive inflation pressures.

The bigger shock, however, came from oil markets.

Crude prices jumped sharply after the United States and Israel carried out military strikes on Iran, escalating the conflict in the region and raising fears of prolonged disruptions to global energy supplies. Shipping through the Strait of Hormuz, a key route for global oil trade, was halted amid the tensions.

US crude futures surged more than 12% to above $90 per barrel on Friday, while Brent crude climbed about 8.5% to around $92. Analysts warn that prices could climb further if the conflict intensifies, with some forecasts pointing to oil potentially moving toward the $100 per barrel mark or higher.

Higher oil prices pose a direct risk to India’s markets and economy, given the country’s heavy dependence on imported crude. Rising energy costs tend to push up inflation, widen the current account deficit and pressure corporate margins across several sectors.The global risk-off mood had already weighed heavily on Indian equities last week.

Benchmark indices, Sensex and Nifty, fell nearly 3% each during the week, marking their biggest weekly drop in more than a year. The selling was widespread, with 41 of the 50 Nifty stocks ending the week in the red, highlighting the broad-based pressure across sectors.

Financial stocks were among the biggest losers as investors reduced exposure to risk assets amid rising geopolitical uncertainty.

The market’s weakness was also reflected in trading patterns through the week. Out of four sessions, the market declined on three sessions and managed to close higher only once, underscoring the cautious sentiment among investors.

Foreign institutional investors selling and a weakening rupee added to the pressure.

Although the market attempted a brief recovery on Thursday, supported by bargain hunting and slightly improved global cues, the rebound was short-lived. Selling resumed in the final trading session as crude prices surged further and global uncertainty intensified.

Technical indicators now suggest that the market is entering a period of heightened volatility.

Pravesh Gour, senior technical analyst at Swastika Investmart, said the Nifty is currently holding an important support level but remains vulnerable to further declines. “Nifty is taking support near 24,300 but remains highly volatile. On the upside, the 24,900-25,000 range is likely to act as an immediate supply zone where selling pressure could emerge if the index attempts a recovery,” Gour said.

He added that a decisive break below the 24,300 level could trigger further downside. “If the index slips below 24,300, the next important support comes near 23,800, which traders will closely monitor,” he said.

Banking stocks may also remain under pressure. According to Gour, the Bank Nifty is currently trading below its 100-day moving average but finding support near the 200-day average. The index faces immediate resistance near the 59,000-59,500 zone, while a break below 57,500 could extend the decline toward 56,700.

Looking ahead, analysts say the direction of equities will largely depend on three key factors: developments in the Middle East conflict, movements in crude oil prices, and foreign investor flows.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

10% becomes 15%: How stock market may react to Trump’s tariff shift on Monday

LSD News Szerkesztőség — Sun, 22 Feb 2026 11:03:44 +0000

Indian markets head into Monday amid fresh uncertainty after US President Donald Trump announced that temporary tariffs on nearly all US imports will be raised from 10% to 15%, just a day after the US Supreme Court struck down his earlier sweeping tariff programme.

The back-to-back moves have left investors assessing whether this is a short-term adjustment or the beginning of another phase of trade tensions.

On Friday, the Supreme Court ruled that Trump had exceeded his authority in imposing broad-based tariffs under an economic emergency law. Markets initially cheered the decision. GIFT Nifty rallied sharply after the verdict, signalling relief that a major overhang on global trade had been removed.

However, within hours, Trump announced a 10% across-the-board tariff under a different legal provision. On Saturday, he said the temporary levy would be raised further to 15% — the maximum permitted under Section 122 of US trade law. The provision allows tariffs of up to 15% for 150 days, after which congressional approval is required for them to continue.

Trump also indicated that during this 150-day window, the administration would explore other legally permissible routes to impose tariffs, including statutes that allow import duties on grounds of national security or unfair trade practices.

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For markets, the issue is less about the exact percentage and more about the unpredictability.

Nilesh Shah, MD of Kotak Mahindra AMC, said the Street is already pricing in continuity. “The Street expectation is that the US will use various provisions of law to keep tariffs almost unchanged. Any change will be short-term and, hence, unlikely to impact market direction materially.”This suggests investors may look past the headline jump from 10% to 15%, especially if they believe the overall tariff burden will not change meaningfully over time.

“Nothing wrong with 15% as far as India is concerned. There were more than 90 countries which had a 10% tariff and I guess they will all be at 15% for now. Some of them are Australia, UK, Singapore, UAE who had 10% tariff before and will now be at 15%,” Market expert Samir Arora said.

The near-term impact, however, could remain volatile. Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, said there are financial implications beyond the headline rates.

“An important aspect to monitor is the uncertainty surrounding the approximately $175 billion collected under tariffs over the past year and the potential implications of refund claims,” he said. “That said, the situation remains fluid. Any fresh statements or alternative tariff actions under different presidential authorities could reintroduce volatility in the near term.”

For India, the timing is significant. Indian equities have already been under pressure due to uncertainty around US Federal Reserve policy and weakness in IT stocks. Earlier this month, India and the US reached an interim trade understanding that lowered reciprocal tariffs on Indian goods to 18%, while India agreed to reduce certain tariffs and non-tariff barriers on US imports.

The earlier agreement had eased concerns and supported sentiment in export-linked sectors. Now, with a broader 15% tariff announcement on nearly all imports into the US, investors will seek clarity on how the new structure interacts with the bilateral understanding.

“India would have been happy to have a signed deal at 18% and for now it is 15%. Beyond 5 months how this will be extended is not obvious anyway and will need congressional approval. Even if finally due to other sections it does go back to 18% for India, it is same as it would have been without this recent dram,” Arora added.

EV realism is here. How automakers react in 2026 will be telling

LSD News Szerkesztőség — Sun, 28 Dec 2025 07:25:28 +0000

Frederic J. Brown | Afp | Getty Images

DETROIT – The U.S. automotive industry has entered a new phase for all-electric vehicles: realism.

The industry was euphoric about the EV segment in the early 2020s, but consumer demand never took off as much as expected and, as it fizzled, automakers monitored and planned how to react. Now, they’re pivoting, as companies have wasted billions of dollars in capital, Detroit automakers are refocusing on large gas-guzzling trucks and SUVs, and many have admitted that policies, not consumers, were driving the charge for EVs.

“We have to make the investments to get to … the regulatory environment they set. We’ve seen a complete change in that. One way, 180 degrees. One way, 180 degrees back. That’s the world CEOs of automakers are living in,” GM CEO and Chair Mary Barra said earlier this month during The New York Times’ DealBook conference.

How automakers like GM that invested heavily in EVs will respond over the next year will be telling for the future of the vehicles in the U.S., according to industry insiders and experts.

Barra said “it’s too early to tell” what true demand for EVs is following the end of up to $7,500 in federal incentives in September to purchase an electric vehicle. She said the industry will likely find its natural demand over the next six months.

In the meantime, GM continues to reassess its EV plans after disclosing a $1.6 billion impact from its pullback in those investments, with more write-downs expected in the future. Ford Motor last week said it expects to record about $19.5 billion in special items related to a restructuring of its business priorities and a pullback in its all-electric vehicle investments.

“We evaluated the market, and we made the call. We’re following customers to where the market is, not where people thought it was going to be,” Ford CEO Jim Farley told CNBC last week.

U.S. EV sales peaked in September, ahead of the federal incentives ending, at 10.3% of the new vehicle market, according to Cox Automotive. That demand plummeted to preliminary estimates of 5.2% during the fourth quarter.

“The long-term direction toward electrification remains clear: The future is electric. However, the timeline is being recalibrated,” said Stephanie Valdez Streaty, Cox director of industry insights. “In the near term, automakers will continue to adjust their strategies and significantly expand hybrid offerings to meet consumers where they are today.”

Most industry experts, including those at consulting firm PwC, don’t believe it’s the end days for EVs, but rather that expectations are more realistic now. PwC expects the EV industry to pick up toward the end of this decade, with EVs forecast to make up 19% of the U.S. industry by 2030.

“As several of the U.S. [automakers] have announced, there’s some level of charges, and we got out in front of the customer demand and likely the infrastructure that’s otherwise available here in the U.S.,” C.J. Finn, U.S. automotive industry leader for PwC, told CNBC.

‘What is the normal state of EVs?’

That projected EV market share doesn’t justify the billions of dollars companies have spent on the research, development and production of the vehicles, so automakers are significantly altering their plans to allow customers more choice of all-electric vehicles, hybrids and traditional internal combustion engines.

“If you think back a few years ago, it was like, ‘If you’re not all-in on EV, you’re going to eventually go out of business. Your terminal value is zero,'” KPMG partner and U.S. automotive leader Lenny LaRocca told CNBC. “Now I think that multi-propulsion technology approach is what’s panning out to work out well. We used to call it the ‘mosaic of powertrains.'”

A NYC charging station seen in the Yorkville neighborhood of New York City.

Adam Jeffery | CNBC

The changes have taken different forms for companies that have already heavily invested in EVs.

GM, which was by far leading in such investments in the U.S., will continue to offer its current models but has little to no plans of expanding in the future, according to Barra. Instead, it will use some of its planned capacity for increased production of large trucks and SUVs. The automaker also has said it plans to offer plug-in hybrid vehicles in the years ahead, but it hasn’t disclosed many other details.

Ford has said it will refocus investments on hybrid vehicles, including plug-in models rather than pure EVs; cancel a next generation of large all-electric trucks in exchange for smaller, more affordable EVs; and rebalance its investments in core products such as trucks and SUVs.

And Stellantis is deprioritizing EVs, including for its coveted Jeep brand, as it attempts to revive its U.S. sales.

“All of us are waiting to see what the demand is, how it’s going to continue to shake out,” Jeep CEO Bob Broderdorf told CNBC. “The [EV] industry will slide. It’s going to slow down. And then what is the normal state of EVs?”

Hyundai, which also invested billions in EVs, is taking a mixed approach compared with its peers. Like GM, it plans to continue offering its current models but it is also expected to have new models coming. On the other hand, like Ford, it’s decided to more heavily emphasize hybrids and allocated production at a new $7.6 billion plant for Hyundai and Kia vehicles in Georgia.

Others such as Honda, Nissan, Porsche, Volvo and Jaguar that announced ambitious plans for EVs have canceled or significantly scaled back those goals. GM also has backtracked on its pledge to exclusively offer EVs by 2035, including several of its brands before that time frame.

The Tesla effect

A litany of factors played into the current EV marketplace, including industry dynamics and external factors such as pressure from Wall Street and political whiplash from the Trump and Biden administrations.

“No doubt the policy had a big impact on customer demand. The net-net is the market’s changed,” Farley told CNBC last Monday.

The bullishness around EVs began with the rise of Tesla. The company, which remains the U.S. leader in EV sales by a wide margin, was able to significantly boost sales and its market valuation from Wall Street analysts at the beginning of this decade.

That led other automakers to take notice and, as the industry does, attempt to replicate Tesla’s success, according to officials. But what executives didn’t realize was consumers were buying Teslas — not just any EV.

“Tesla wasn’t creating a battery-electric vehicle market. They created a market for the Tesla brand.” said Stephanie Brinley, associate director in AutoIntelligence at S&P Global Mobility.

Tesla vehicles were, and continue to be, a “tech-buy” of software-first products that just happened to be EVs, Brinley said. The company also set up its own charging network and created a tech-savvy customer base of loyalists who looked past many quality and growing pain issues.

A Tesla Cybertruck near General Motors’ Renaissance Center world headquarters in Detroit.

Michael Wayland / CNBC

That success led Wall Street to seek out the “next Tesla,” ushering in an unsustainable amount of new companies. From 2019 to 2022, nearly a dozen EV carmakers went public as well as a litany of related ones. Most of those have gone bankrupt amid federal investigations, scandals and executive upheaval.

“The attention that Tesla got woke everyone else up. But now there’s competition, and there’s competition from trusted, known and respected brands,” Brinley said.

The euphoria surrounding EVs started waning as companies kept spending with little to no success and “legacy” automakers entered the market, investing big sums to bring unprofitable vehicles to market.

Hopes for profitable EVs further eroded with the second inauguration of President Donald Trump this year. Trump has killed or rolled back many of the Biden administration’s support and funding for the sale and production of EVs.

The biggest blow was in September with the end of up to $7,500 federal incentives for the purchase of an EV.

“The end of federal incentives came to an abrupt stop at the end of Q3, driving a lot of demand and sales for the new and used market,” Jeremy Robb, Cox interim chief economist, said last week. “Since then, we’ve seen the slowdown in both the pace of sales as well as the growth of new vehicle production. Next year will be pivotal for EVs.”

AI anxiety on the rise: Startup founders react to bubble fears

LSD News Szerkesztőség — Sun, 16 Nov 2025 04:20:36 +0000

Markets were on edge this week as a steady stream of negative headlines around the artificial intelligence trade stoked fears of a bubble.

Famed short-seller Michael Burry cast doubt on the sustainability of AI earnings. Concerns around the levels of debt funding AI infrastructure buildouts grew louder. And once high-flyers like CoreWeave tanked on disappointing guidance.

CNBC’s Deirdre Bosa asked those at the epicenter of the boom for their take, sitting down with the founders of two of the buzziest AI startups.

Amjad Masad, founder and CEO of AI coding startup Replit, admits there’s been a cooldown.

“Early on in the year, there was the vibe coding hype market, where everyone’s heard about vibe coding. Everyone wanted to go try it. The tools were not as good as they are today. So I think that burnt a lot of people,” Masad said. “So there’s a bit of a vibe coding, I would say, hype slow down, and a lot of companies that were making money are not making as much money.”

Masad added that a lot companies were publishing their annualized recurring revenue figures every week, and “now they’re not.”

Navrina Singh, founder and CEO of startup Credo AI, which helps enterprises with AI oversight and risk management, is seeing more excitement than fear.

“I don’t think we are in a bubble,” she said. “I really believe this is the new reality of the world that we are living in. As we know, AI is going to be and already is our biggest growth driver for businesses. So it just makes sense that there has to be more investment, not only on the capability side, governance side, but energy and infrastructure side as well.”

Watch this video to learn more.

BYD sees Warren Buffett exit as routine, investors react with caution

LSD News Szerkesztőség — Sun, 28 Sep 2025 19:57:45 +0000

Warren Buffett’s Berkshire Hathaway has fully sold its 17-year stake in Chinese electric-vehicle maker BYD, ending one of the most profitable foreign bets in the conglomerate’s history. The move, which comes after BYD shares surged nearly 3,900% during Berkshire’s holding period, has rattled investors, even as the Chinese automaker framed the divestment as routine.

BYD acknowledged Berkshire’s departure in a Weibo post this week, thanking Warren Buffett and Charlie Munger for their support over nearly two decades. Li Yunfei, BYD’s public relations executive, wrote, as translated by Google:

“In August 2022, Berkshire began gradually reducing its holdings of company shares purchased in 2008, and by last June, its stake had fallen below 5%…Investing in stocks involves both buying and selling, which is completely normal…We are grateful for Charlie Munger’s and Warren Buffett’s recognition of BYD, as well as for the investment, support, and companionship over the past 17 years…Praise to all long-term believers!”

BYD Executive Vice President Stella Li told CNBC that Berkshire’s decision was business as usual and Buffett and Munger “loved” BYD and its management. “They are investors, so naturally buying and selling is their business, so it’s not because they don’t like us.”

Alfredo Altavilla, a special adviser to BYD, told Reuters that Buffett “made a profit of 20 times the capital he invested” and emphasized that monetizing a position “is exactly what Berkshire Hathaway does for a living: buying, earning and selling.”

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Market still nervous?

Investors, however, were less sanguine. BYD shares fell more than 6% in Hong Kong this week, though they remain up just under 20% for the year. The decline coincides with signs of slowing growth: BYD recently cut its 2025 sales target by 16%, lowered vehicle prices through year-end, slowed production, and posted its first quarterly profit drop in over three years.Berkshire first purchased 225 million BYD shares in 2008 for $230 million, a stake originally championed by the late Charlie Munger and worth nearly $9 billion at its peak. At the 2009 annual meeting, Munger defended the investment, calling BYD and its founder Wang Chuanfu a “damn miracle.” The bet proved prescient, with BYD shares soaring roughly 3,890% over Berkshire’s holding period.Berkshire began trimming its stake in August 2022 and had sold nearly 76% by June 2024, leaving under 5% of shares outstanding. By March 31, 2025, filings indicated the stake had been fully liquidated. Buffett has described BYD as “extraordinary” but said he saw better uses for the capital elsewhere, echoing similar moves in Taiwan Semiconductor, where geopolitical risks factored into his decision-making.

Focus now on Japan?

While closing out its Chinese investment, Berkshire is expanding in Japan. Mitsui confirmed this week that Berkshire now holds 10% or more of its voting rights following additional acquisitions. Mitsubishi also reported an increase in Berkshire’s stake to 10.2% from 9.7%. At current prices, Berkshire’s Mitsui holding alone would be valued at roughly $7.3 billion.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

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US strikes on Iran may rattle markets: Will Nifty, Sensex react to escalating geopolitical risk?

LSD News Szerkesztőség — Sun, 22 Jun 2025 08:55:06 +0000

Indian equities closed the week 1.6% higher, recovering from a three-day losing streak as markets bounced back sharply on Friday. However, the mood may turn cautious on Monday amid rising geopolitical tensions, following the U.S. airstrikes on Iranian nuclear sites.

On Saturday, U.S. President Donald Trump confirmed that American forces carried out coordinated airstrikes on three nuclear sites in Iran—Fordow, Natanz, and Esfahan—in an effort to dismantle Tehran’s nuclear capabilities. “All planes are now outside of Iran’s space. A full payload of bombs was dropped on the primary site, Fordow. All planes are safely on their way home,” Trump said in a social media post.

Impact on markets

The escalation is expected to weigh heavily on risk sentiment globally. According to Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, “Markets have gradually become accustomed to geopolitical tensions. That’s why, despite rising conflict, Indian markets ended the week on a positive note. However, investors are likely to remain cautious and range-bound near the 25,000 level on Nifty until there’s more clarity on Iran’s response.”

Bathini added that Middle East developments and crude oil dynamics will be key drivers in the coming days. “Any sharp spike in oil prices could negatively impact Indian equities in the short to medium term.”

Oil impact

Crude oil prices have already been on the rise amid tensions in West Asia. Brent crude has surged over 15% to $77 per barrel, while WTI crude has jumped 17% to $74.9 in the past eight trading sessions. The latest U.S. strikes could add fuel to the rally, particularly if Iran retaliates or moves to block the Strait of Hormuz—a vital choke point through which nearly 20% of global oil flows.

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A surge in oil prices may not only raise inflationary pressures but also reduce the likelihood of near-term rate cuts, which could further dampen market sentiment.Nilesh Shah, Managing Director at Kotak Mahindra AMC, said a spike in oil prices or supply disruption could dent investor confidence.“We need to watch both the availability and price of oil. We have enough FX reserves to manage higher oil prices in double digits. But if prices cross triple digits or supply gets restricted, it will adversely impact markets,” Shah noted, advising traders to remain cautious while long-term investors can use corrections as buying opportunities.

Dollar & safe-haven assets

While the dollar has weakened this year amid fears of declining U.S. exceptionalism, analysts suggest that direct American involvement in the Iran-Israel conflict could temporarily boost the greenback due to a flight to safety. However, if the conflict widens, the dollar’s direction will depend on the broader risk sentiment and U.S. economic data.

FIIs may turn cautious

Foreign institutional investors (FIIs), who were net buyers in May with Rs 19,860 crore inflows, have turned cautious in June. As of June 20, they have sold shares worth Rs 4,192 crore, according to NSDL data.

Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said, “FPI flows are likely to remain volatile and sensitive to geopolitical risks, especially with the West Asia war escalating.”

A strong dollar and movement in U.S. bond yields could also impact FII sentiment in the near term.

Technical View

“25k is indeed a daunting challenge. Previous attempts to clear the same had proved to be short-lived as there was hardly any follow through momentum, thus leading to a sharp withdrawal. Hence the re approach of the 25k mount is accompanied by concerns of sustainability. Being at the upper Bollinger band as well, it would require further momentum to continue the uptrend. ADX at 13.2 does not indicate strong momentum either. Nevertheless, upswing attempts may be seen initially, but may not clear the 25200-460 band. Alternatively, inability to float above 25045 could see dips, but will wait for 24865 to switch sides,” said Anand James of Geojit.

Also Read: $2.4 trillion worth of gold! India’s household hoard is 6x Pakistan’s economy

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)

FTX Repayments About To Dump $5B On The Market, How Will Bitcoin And Ethereum React? | Bitcoinist.com

LSD News Szerkesztőség — Thu, 29 May 2025 19:52:54 +0000

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It’s now been three years since the FTX crypto exchange collapsed in 2022, taking billions of dollars in investor and creditor deposits down with it. Over the last few years, the bankruptcy proceedings have drawn to a close, and creditors have been given a repayment plan. Now, with repayments already started, another tranche of billion-dollar repayments is expected to be disbursed to creditors, and this is something that could have an impact on the market.

Why FTX Crypto Disbursements Could Have An Impact

Crypto analyst Axel took to X (formerly Twitter) to reveal an important development coming for the crypto market. This time, it is the fact that the FTX crypto exchange is about to process $5 billion in payouts back to creditors at the end of the month. More importantly, these payments are to be made in stablecoins.

Related Reading: XRP Holds Midline Support That Has Led To Breakout In The Past, Why $2.9 Could Be Next

The significance of this is the fact that, unlike previous disbursements, the stablecoin payments make it so that there is nothing to dump on the market. It’s either this money rotates back into the market. However, a pump would depend on the narrative of where these funds would end up once distributed.

The distributions are expected to go out on May 30, which could put a lot of buying pressure on the market. As the crypto analyst explains, the timing of this distribution could not be better. The reason for this is that the Bitcoin price is still hovering close to all-time highs, and the Ethereum price is still on the rise.

Source: X

With the $5 billion being distributed, the crypto analyst does not expect that investors would leave the funds just sitting idly in their wallets. Additionally, they are not just going to withdraw their funds and leave. This is because these are investors who are already used to the market. So it is likely that they would end up reinvesting in the market.

“Most of them stayed in crypto despite the FTX blowup, now they’re getting their bags back, and they’re gonna rotate that liquidity back into the market,” Axel explained. If these investors do end up back in the market, then it is expected to trigger a rally in the market.

The crypto analyst also revealed targets for the market if this rotation occurs. For the Bitcoin price, expectations are that this influx of liquidity will push the leading cryptocurrency above $120,000. This rise is expected to trigger the next altcoin season. “Eyes on May 30,” the crypto analyst said. “Feels like the start of the next leg.”

BTC moves toward $107,000 again | Source: BTCUSD on TradingView.com

Featured image from Dall.E, chart from TradingView.com

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RIL Q4 profit beats expectations: How will the stock react on Monday? key tips to trade

LSD News Szerkesztőség — Sun, 27 Apr 2025 14:53:43 +0000

Reliance has reported a strong fourth quarter beat in profitability as the bottom line rose 2% year-on-year (YoY) to Rs 19,407 crore. The Street was expecting the profit to be around Rs 18,471 crore. Revenue from operations too surged 10% YoY to Rs 2.64 lakh crore.

The growth was driven by telecom and retail businesses, which helped offset the impact of a weaker oil-to-chemicals cycle and softer gas realizations. This was the trend even in the previous quarter, where retail and Jio have powered the company’s earnings over the past.

The Jamnagar complex, which houses two refineries with a combined capacity of about 1.4 million barrels per day, has historically been the powerhouse of Reliance’s O2C operations and a key profit driver.

Along with the results, the company also announced a Rs 5.5 dividend and a major fundraising plan, indicating continued expansion plans. Despite a challenging global economic environment, Reliance said it maintained operational discipline and continued investing in growth initiatives, with the management striking an optimistic tone on the outlook.

How to trade RIL on Monday?

Ahead of the results on Friday, RIL shares closed marginally down at Rs 1,301. However, the stock has performed reasonably well this year, rising nearly 7%.

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Analysts are in consensus that the stock is moving sideways within a narrow range and isn’t showing strong movement in either direction. “On the daily chart, we are observing a sideways movement which gives no clear direction of trend,” said Mileen Vasudeo, Sr Technical Analyst, Arihant Capital Markets.

At present, RIL has immediate resistance at 1,341 level. Any close above 1,341 would propel the upside momentum and in such a scenario, it is likely to test 1,410-1,460 levels.

“A move above Rs 1,320 could lead to a quick rise towards Rs 1,345–1,360, while falling below Rs 1,280 may drag it down to Rs 1,250. RSI is neutral, showing no strong trend. Until a clear move happens, traders can follow range-bound strategies,” said Riyank Arora, technical analyst at Mehta equities.

Meanwhile, Vasudeo advised investors to buy the stock at current market levels with a stop loss of Rs 1,250 for a target Rs 1,410 – 1,460 levels in a couple of weeks.

Along with the results, the company has also announced a dividend and a major fundraising plan, indicating continued expansion in its future sectors.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)