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India’s AC boom isn’t here yet: why cooling stocks are lagging

Despite scorching summers and rising temperatures across India, air conditioner makers like Voltas and Blue Star have struggled to translate long-term potential into consistent stock performance. Over the past year, Voltas shares have declined about 8%, while Blue Star has fallen nearly 28%. This underperformance comes at a time when India’s AC penetration remains just

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WTI crude oil price forecast: Kalshi poll sees it hitting $150 in 2026

The WTI crude oil price will be in the spotlight this week as the US war against Iran escalates. It ended the week at $112.08, up by over 104% from its lowest level this year. Futures on Hyperliquid quoted the price at $112.15, with its open interest rising to $575 million. WTI crude oil in

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Foxconn Q1 revenue jumps 29.7% on AI demand

Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, reported a sharp rise in first-quarter revenue. The strong numbers were supported by surging demand for artificial intelligence infrastructure — even as the company sounded a note of caution over what it described as a “volatile” global political and economic environment. Revenue for the January-to-March quarter climbed

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Will Clarity Act pass soon as crypto, banks near key deal?

The Clarity Act, which passed the House of Representatives into law in July 2025, has been stalled for nearly nine months as the crypto industry and Bankers continue to negotiate over the economics and regulatory oversight of stablecoins. However, new information suggests that after months of deadlock, both groups may finally be closing the gap,

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Iran conflict may push US inflation near 4%; recession fears surge

The surge in energy prices, visible at US gas stations since early March, is set to be fully revealed next week when new consumer price statistics are released, with gasoline costs—up an estimated 20% from February after seasonal adjustment—expected to be the single largest driver of the inflation hike in the country. However, the increase

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Iran war impact: how global travel plans and tourist destinations are changing

Global travel patterns are undergoing a swift recalibration as the escalating conflict in the Middle East disrupts flight routes, dampens consumer confidence, and forces holidaymakers to rethink their plans. Travel companies across Europe are reporting cancellations, weaker demand in affected regions, and a noticeable pivot toward alternative destinations, even as overall appetite for travel remains

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CFTC takes Illinois, Arizona, Connecticut to court over prediction market oversight

US federal regulators filed lawsuits against Illinois, Arizona, and Connecticut over who controls prediction markets, pushing back against state-level enforcement actions. The Commodity Futures Trading Commission, alongside the U.S. Department of Justice, launched separate legal actions on Thursday, arguing that state authorities have stepped beyond their remit by targeting platforms the agency considers federally regulated. 

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SOL risks falling below $70 amid bearish crossover despite SoFi expansion

Solana (SOL) is facing a tense moment as technical signals and recent ecosystem developments paint a mixed picture. Despite notable strides in institutional adoption, the cryptocurrency shows signs of short-term weakness that could push its price toward critical lower levels. Bearish technical signals put SOL at risk The price of SOL has recently hovered around

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One year on, did Trump’s Liberation Day tariffs make America wealthier?

Just over a year ago, on April 2, 2025, US President Donald Trump walked into the White House Rose Garden holding a large placard and signed what he called a declaration of economic independence. He called it Liberation Day. The US President promised it would make America wealthy, bring factories roaring back, and force the

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Why oil at $110 won’t boost output, Fed’s Logan warns on inflation

US oil producers are unlikely to significantly increase output in the near term despite elevated crude prices, according to Dallas Federal Reserve President Lorie Logan, underscoring persistent risks to inflation and economic stability. Speaking at an event hosted by the regional Fed bank on Thursday, Logan indicated that current market conditions have not yet convinced

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