📈 Stocks / Finance

Tech stocks rebound led by Nvidia after AI-driven sell-off

Yahoo Finance

Nvidia and other tech stocks rebounded Tuesday, with the Nasdaq gaining 1% after a sharp AI-driven sell-off. Nvidia rose 2%, driving tech's recovery. The S&P 500 climbed 0.9%, and the Dow gained 0.3%. Investor confidence resurged despite lingering AI concerns, highlighting tech's market influence.

Fed may hold rates as inflation moderates

Yahoo Finance

The Federal Reserve is expected to maintain current rates following its FOMC meeting, per economist Ian Wyatt. While inflation persists in services and discretionary goods, easing car prices and rent suggest progress. Wyatt believes the Fed will 'pause for a while' pending further data.

Middle Eastern oil premiums reshape market dynamics

OilPrice

Dubai oil prices surged to a $2.1 per barrel premium over Brent, driven by panic buying from Indian and Chinese refiners amid supply concerns. As Dubai grades become costly, Chinese refiners doubled Brazilian crude imports, while Indian tenders favored West African barrels.

🪙 Crypto

XRP rallies with bullish momentum amid whale accumulation

Coinpedia

XRP's price action signals potential for a 40% surge, trading near $3.18 after a 7.5% daily rise. $45M in exchange outflows and 120M tokens acquired by whales bolster confidence. Breakouts from bullish patterns suggest XRP may hit $4.45, driven by strong investor interest.

🌎 Global Economy

HSBC accelerates investment banking shift to Asia

Reuters

HSBC plans its largest retrenchment in decades, winding down M&A and equities in Europe and the Americas to focus on Asia and the Middle East. Under CEO Georges Elhedery, the strategy aims to boost returns amid analyst skepticism over timing, with shares down 0.2%.