Oobit has launched Oobit Business, a new platform that enables companies to run corporate finance operations directly from stablecoin balances. The milestone marks the latest move for the Tether-backed crypto payments app in its effort to integrate stablecoins with day-to-day spending and now in running company operations. It also strategically coincides with the growing adoption
Global bond markets are witnessing heightened volatility as the ongoing conflict involving Iran drives oil prices higher, stoking inflation fears and unsettling investors who typically seek safety in fixed-income assets during geopolitical crises. Instead of acting as a haven, bonds have come under pressure, with their total market value falling sharply in March. More than
US stocks opened higher on Monday, after President Donald Trump signaled a potential de-escalation in tensions with Iran by postponing planned military strikes on key energy infrastructure. The Dow Jones Industrial Average index jumped as much as 653 points, or 1.4%, while S&P 500 rose 1.3% and Nasdaq-100 gained 1.5%. The rebound came after a
The S&P 500 Index and the VOO ETF have slumped this month as the war in Iran has gained momentum. It dropped to $6,500 on Friday, its lowest level since September 10 last year. It has slumped by ~7% from the year-to-date high. JPMorgan warns on the S&P 500 Index As the S&P 500 Index
The commodities market has been experiencing a rollercoaster ride at the beginning of the week with oil prices reversing course and plunging sharply, while gold hit its lowest level since November 25 of last year. Oil prices fell over 13% Monday after US President Donald Trump postponed potential military strikes against Iranian power plants for
Michael Saylor’s Strategy (previously known as Microstrategy), the world’s largest public holder of Bitcoin, continued adding to its cryptocurrency reserves last week, though at a significantly slower pace compared to its recent large-scale purchases. The company acquired 1,031 Bitcoin for approximately $76.6 million, according to an 8-K filing with the US Securities and Exchange Commission
Apple shares rose 1.69% on Monday, as investors reacted to strong signals across its product ecosystem—from resilient iPhone demand to robust early traction for its latest MacBook product—despite ongoing regulatory pressure in China. The gains come as fresh data and commentary point to improving consumer demand trends, particularly in key markets, alongside continued expansion of
A “super-accelerated” drawdown of drilled, uncompleted wells could rapidly boost US oil production, with a new Rystad Energy analysis suggesting the Permian Basin alone could see an immediate 183,000 barrels per day (bpd) increase, alongside an additional 56,000 bpd from other regions. Achieving this scenario would likely exceed theoretical limits, as it would require the
The Iran war led LPG crisis in India, which has exposed the country’s heavy reliance on imports, and should be seen as a wake-up call for the government to go back to the drawing board and push for a more durable, large-scale transition to electric cooking, experts say. Although India has launched campaigns and policies,
Li Lu may not be a household name for retail investors, but in the halls of Berkshire Hathaway, he is revered. Born in China and shaped by the 1989 student protests, Lu eventually found his calling at Columbia University after hearing a lecture by Warren Buffett. His investment firm, Himalaya Capital, now manages $3.5 billion