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Rupert Murdoch's audacious bid to cement his eldest son's control over one of the world's most influential media empires has failed, a US report said Monday.

Murdoch's Succession Plan for Eldest Son Blocked in Court

Rupert Murdoch's audacious bid to cement his eldest son's control over one of the world's most influential media empires has failed, a US report said Monday.

Rupert Murdoch's audacious bid to cement his eldest son's control over one of the world's most influential media empires has failed, a US report said Monday.
The first family of news -- commanding a stable that includes Fox News, The Wall Street Journal and a host of British and Australian media -- had been the inspiration for the hit TV series "Succession."
Like the fictional version, this real-life fight pitted the children of a powerful patriarch against each other for who should be the face and the voice of the empire after the old man dies.
Murdoch, now 93, had long intended that his children inherit the empire, and jointly decide its direction.
The eldest daughter, Prudence, has had little involvement in the family business, but at various times the other three -- Lachlan, James and Elisabeth -- have all been considered as successors.
But in recent years Murdoch senior had reportedly grown concerned that Fox News -- the crown jewels of the collection -- might drift away from its lucrative right-wing moorings after his death, to reflect the more centrist views of James and Elisabeth.
He had therefore sought to designate Lachlan -- who currently heads Fox News and News Corp -- as the controlling player in the wider business.
That had required rewriting the terms of an irrevocable trust that passed power to the four siblings jointly, stripping three of them of voting power, while allowing them to continue to benefit financially.
Rupert Murdoch had argued that giving control to Lachlan -- who is understood to share his father's worldview -- was in the financial interests of the whole brood.
&nbsp;
- 'Carefully crafted charade' - &nbsp;
The family intrigue played out behind closed doors in a Nevada courtroom, where Murdoch senior and his four children were understood to have given several days' evidence in September.
In a decision filed at the weekend, probate commissioner Edmund J. Gorman Jr. said the father and son had acted in "bad faith" in trying to rewrite the rules, The New York Times reported, citing a copy of the sealed court document.
The plan to alter the trust's structure was a "carefully crafted charade" to "permanently cement Lachlan Murdoch's executive roles."
"The effort was an attempt to stack the deck in Lachlan Murdoch's favor after Rupert Murdoch's passing so that his succession would be immutable," the Times cited the ruling as saying.
"The play might have worked; but an evidentiary hearing, like a showdown in a game of poker, is where gamesmanship collides with the facts and at its conclusion, all the bluffs are called and the cards lie face up.
"The court, after considering the facts of this case in the light of the law, sees the cards for what they are and concludes this raw deal will not, over the signature of this probate commissioner, prevail."
Murdoch's lawyer, Adam Streisand, did not immediately reply to an AFP request for comment.
The ruling is not final, and must now be ratified or rejected by a district judge. That ruling could be challenged, perhaps provoking another round of legal arguments.
The complicated structure of the irrevocable trust reflects the colourful familial relationships that shaped Rupert Murdoch's life as he built the multibillion-dollar empire.
The trust was reported to have been the result of a deal agreed with his second wife -- mother of Lachlan, Elisabeth and James -- who wanted to ensure her offspring would not be disenfranchised by children Murdoch had with his third wife, Wendi Deng.
The Murdoch empire has transformed tabloid newspapers, cable TV and satellite broadcasting over the last few decades while facing accusations of stoking populism across the English-speaking world.
Brexit in Britain and the rise of Donald Trump in the United States are credited at least partly to Murdoch and his outlets.

The US stock market has adopted the T+1 trade settlement system to reduce financial risks, posing international and logistical challenges. Firms are preparing for potential settlement issues and liquidity adjustments during this transition

Trades on Wall Street will settle in one day for the first time in 100 years

<h2>The US stock market has adopted the T+1 trade settlement system to reduce financial risks, posing international and logistical challenges. Firms are preparing for potential settlement issues and liquidity adjustments during this transition</h2>

The US stock market has finally moved back to single day trade settlement after 100 long years. Under the new Securities and Exchange Commission rules, from Tuesday, the share trades in New York will have T+1 stock trading system.
<h3>Fast trade settlement</h3>
The change has now halved the time it takes to complete every transaction and has occured in jurisdictions including Canada and Mexico on Monday. The T+1 transaction settlemet system was abandoned earlier as volumes became too heavy. As per Bloomberg the switch is made now to reduce risk in the financial system.
However concerns such as sourcing dollars on time by international investors, global funds moving at different speeds to their assets and less time to fix errors remain. The Bloomberg report also quoted the US Securities and Exchange commission that said said last week that the transition may lead to a &ldquo;short-term uptick in settlement fails and challenges to a small segment of market participants.&rdquo;&nbsp;
Meanwhile, Securities Industry and Financial Markets Association, has instigated what it calls the T+1 Command Center to identify problems and coordinate a response.&nbsp;
<h3>Transition to T+1 settlement</h3>
As per Bloomberg, firms across the spectrum have been preparing for months, relocating staff, adjusting shifts and overhauling workflows, and many say they&rsquo;re confident in their own readiness. The worry is whether every other counterparty and intermediary is similarly organized.
&ldquo;There&rsquo;s a lot of dependencies within the industry and there may be some rough patches with individual firms,&rdquo; Tom Price, managing director and head of technology, operations, and business continuity for Sifma told Bloomberg. &ldquo;But I&rsquo;m encouraged that firms are staffing up. They&rsquo;re making sure folks are not at the beach over the transition period but in the office.&rdquo;
<h3>Challenges Ahead</h3>
As per Bloomberg, Industry experts have voiced out that the T+1 transition would be the most challenging, even as Wall street had undergone transitions before.&nbsp;
In 1920, the era that was famously dubbed as &ldquo;the roaring &rsquo;20s&rdquo; had T+1 transition system. However, this ended because the manual nature of transactions meant it was impossible to keep up with surging trading activity. The settlement time was eventually pushed out as far as five days.
This was then reduced to three days in the wake of the 1987 Black Monday crash, and then to two days in 2017 to better reflect the modern market.
However, the cut to just one day is more challenging due size and scale of the market today, the complexity of investment across borders, and the fact the US is leaving many other jurisdictions behind.
&ldquo;There will likely be an adjustment in liquidity requirements towards the end of the FX trading day and shortly after &mdash; between 3 p.m. and 7 p.m. in New York,&rdquo; Michael Wynn, head of execution services for the securities services arm of Citigroup Inc told Bloomberg. &ldquo;Over the medium to long term, we expect that liquidity will improve as we get into a normal course of business.&rdquo;
The immediate tests for this transition include Wednesday&rsquo;s double settlement day, where T+2 trades from Friday come due at the same time as Tuesday&rsquo;s T+1 transactions. Then MSCI Inc.&rsquo;s index rebalancing at the end of the week, when funds around the world tracking its gauges will be reshuffling holdings at the same time
Also watch: <a href="https://www.editorji.com/story/sebi-introduces-t-1-settlement-cycle-to-shorten-time-span-for-share-transactions-1631077130911">SEBI introduces T+1 settlement cycle, to shorten time span for share transactions</a>

Last week, Apple's market value rose more than Alphabet Inc., Amazon and Meta combined with a market value of $2.307 trillion

Wall Street's best performance since 2020; Apple adds $190 bn in a market cap

Last week, Apple's market value rose more than Alphabet Inc., Amazon and Meta combined&nbsp;with a market value of $2.307 trillion

US stocks roared ahead in their strongest day in more than two and a half years, with investors emboldened by inflation data that showed decelerating increases in consumer prices and set the stage for a slower pace of interest rate rises by the Federal Reserve.
Apple's market value surged by $190.9 billion on Thursday, the biggest ever for a US-listed company, according to Bloomberg data. The jump eclipsed Amazon.com Inc.&rsquo;s $190.8 billion gain in February, according to data compiled by Bloomberg.&nbsp;
The Cupertino giant's market capitalization now stands at $2.34 trillion.&nbsp; Bloomberg data showed that the surge in Apple's stock exceeded Amazon's $190.8 billion gain in February, adding to the company's market cap, which was already worth more than fellow giants Alphabet, Amazon and Meta combined.
Apple witnessed a strong double-digit revenue growth in emerging markets like India for the September-ended quarter, chief executive Tim Cook said last month. It said, Apple currently has a 37% share in the premium smartphone market and a 3% market share in the country's overall smartphone market.&nbsp;

Social media giant Facebook&nbsp;started trading with the ticker symbol 'META' on Thursday, bidding farewell to the last sign of the company's earlier identity.
Facebook&nbsp;was rebranded&nbsp;as Meta Platforms Inc in October 2021, betting that the metaverse, a shared virtual realm, will succeed mobile internet.
Mark Zuckerberg, Meta's co-founder and CEO, established Facebook in 2004 from his Harvard dorm as a way for students to meet via the internet.
Nearly two decades on, he is now betting billions of dollars into the metaverse, a futuristic idea of virtual environments where people could work, socialize and play.
Also read/watch&nbsp;| IPL media rights auction: 4x bidding value expected; big players in fight

Meta unfriends Facebook on Wall Street

Social media giant Facebook started trading with the ticker symbol 'META' on Thursday, bidding farewell to the last sign of the company's earlier identity.

Facebook&nbsp;was rebranded&nbsp;as Meta Platforms Inc in October 2021.

Social media giant Facebook&nbsp;started trading with the ticker symbol 'META' on Thursday, bidding farewell to the last sign of the company's earlier identity.
Facebook&nbsp;was rebranded&nbsp;as Meta Platforms Inc in October 2021, betting that the metaverse, a shared virtual realm, will succeed mobile internet.
Mark Zuckerberg, Meta's co-founder and CEO, established Facebook in 2004 from his Harvard dorm as a way for students to meet via the internet.
Nearly two decades on, he is now betting billions of dollars into the metaverse, a futuristic idea of virtual environments where people could work, socialize and play.
Also read/watch&nbsp;| <a href="https://www.editorji.com/business-news/ipl-media-rights-auction-4x-bidding-value-expected-big-players-in-fight-1654835554661" target="_blank">IPL media rights auction: 4x bidding value expected; big players in fight</a>

US markets tumbled to a 13-month low in a widespread selloff.&nbsp;The Dow Jones Industrial Average dropped 1.99%. The S&amp;P 500 fell 3.2% breaching 4,000 mark for first time in over a year, while the Nasdaq Composite lost 4.29%.&nbsp;Apple, the most valuable publicly traded company, has seen its marketcap&nbsp;eroded by&nbsp;over $200 billion since Wednesday, when the Fed raised interest rates.It is no just equities even crypto&nbsp;collapse continues with Bitcin falling over 10% in overnight trade.&nbsp;

Wall Street Collapses: Nasdaq down 4%, S&P500 lowest in a year, Bitcoin falls over 10% in overnight trade

Apple, the most valuable publicly traded company, has seen its marketcap eroded by over $200 billion since Wednesday, when the Fed raised interest rates.

Dow falls more than 600 points, S&amp;P 500 tumbles below 4,000

US markets tumbled to a 13-month low in a widespread selloff.&nbsp;The Dow Jones Industrial Average dropped 1.99%. The S&amp;P 500 fell 3.2% breaching 4,000 mark for first time in over a year, while the Nasdaq Composite lost 4.29%.&nbsp; Apple, the most valuable publicly traded company, has seen its marketcap&nbsp;eroded by&nbsp;over $200 billion since Wednesday, when the Fed raised interest rates. It is no just equities even crypto&nbsp;collapse continues with Bitcin falling over 10% in overnight trade.&nbsp;

The IPO&nbsp;which most of the Wall Street wanted to fail, Google, went public 17 years back on August 19. The now internet&nbsp;giant, which has become a necessity of people, was listed at a valuation of $23 billion in 2004. Its valuation has swelled 78 times since then to $1.8 trillion, a growth of 30% CAGR.
Here are some interesting facts you would like to know about your search engine:

Google co-founders Larry Page and Sergey Brin were willing to sell their search engine for under $1 million in 1999 to internet portal Excite, who rejected the offer.
As per some estimates, Google processes approximately 63,000 search queries every second, translating to&nbsp;5.6 billion searches per day. The average person conducts between three and four searches each day.
The original name of Google was&nbsp;Backrub. The name was changed later.
Google is a misspelling of the word 'Googel', the mathematical term for a one with hundred zeros. This name would reflect the company&rsquo;s mission to make all information accessible to the world.
The Google search technology algorithm is called&nbsp;PageRank.&nbsp;PageRank&nbsp;assigns a value of relevance to every&nbsp;website&nbsp;and determines how important a&nbsp;website&nbsp;is. According to Google,&nbsp;PageRank works by counting the number and quality of links to a page to determine a rough estimate of how important the website is. Yes! that's what SEO&nbsp;is about.

If you wonder why we are telling you so much about Google, you must know how important Google is.&nbsp;On August 16, 2013, Google was not reachable for 5 minutes, in that time the global Internet usage was decreased by 40%.

Google: The IPO Wall Street wanted to fail 17 years ago

The IPO&nbsp;which most of the Wall Street wanted to fail, Google, went public 17 years back on August 19. Its valuation has swelled 78 times since then to $1.8 trillion. Here are some key facts.&nbsp;

Imagine a life without Google. Well we all simply can't.&nbsp; But that wasn't the case when the now Internet&nbsp;giant went public 17 years back on August 19. Most of the Wall Street wanted Google to fail. Google, our virtual necessity was listed at a valuation of $23 billion in 2004 and since then its valuation has swelled 78 times to $1.8 trillion.... a growth of 30% CAGR.
Here are some interesting facts you would like to know about your search engine:
Google co-founders Larry Page and Sergey Brin were willing to sell their search engine for under $1 million in 1999 to internet portal Excite, who rejected the offer. As per some estimates, Google processes approximately 63,000 search queries every second, translating to&nbsp;5.6 billion searches per day. The average person conducts between three and four searches each day. The original name of Google was&nbsp;Backrub. The name was changed later. Google is a misspelling of the word 'Googel', the mathematical term for a one with hundred zeros. This name would reflect the company&rsquo;s mission to make all information accessible to the world. The Google search technology algorithm is called&nbsp;PageRank&nbsp;which&nbsp;assigns a value of relevance to every&nbsp;website&nbsp;and determines how important a&nbsp;website&nbsp;is. According to Google,&nbsp;PageRank works by counting the number and quality of links to a page to determine a rough estimate of how important the website is. Yes! that's what SEO&nbsp;is about. Just to lay out a fact on the importance of Google in our virtual lives, sample this.&nbsp;On August 16, 2013, Google was not reachable for 5 minutes, in that time the global Internet usage was decreased by 40%.

Google's valuation has swelled 78 times in 17 years to $1.8 trillion

The IPO&nbsp;which most of the Wall Street wanted to fail, Google, went public 17 years back on August 19. The Internet&nbsp;giant, which has become a necessity of people, was listed at a valuation of $23 billion in 2004. Its valuation has swelled 78 times since then to $1.8 trillion, a growth of 30% CAGR.
Here are some interesting facts you would like to know about your search engine:
<ul>
<li>Google co-founders Larry Page and Sergey Brin were willing to sell their search engine for under $1 million in 1999 to internet portal Excite, who rejected the offer.</li>
<li>As per some estimates, Google processes approximately 63,000 search queries every second, translating to&nbsp;5.6 billion searches per day. The average person conducts between three and four searches each day.</li>
<li>The original name of Google was&nbsp;Backrub. The name was changed later.</li>
<li>Google is a misspelling of the word 'Googel', the mathematical term for a one with hundred zeros. This name would reflect the company&rsquo;s mission to make all information accessible to the world.</li>
<li>The Google search technology algorithm is called&nbsp;PageRank.&nbsp;PageRank&nbsp;assigns a value of relevance to every&nbsp;website&nbsp;and determines how important a&nbsp;website&nbsp;is. According to Google,&nbsp;PageRank works by counting the number and quality of links to a page to determine a rough estimate of how important the website is. Yes! that's what SEO&nbsp;is about.</li>
</ul>
If you wonder why we are telling you so much about Google, you must know how important Google is.&nbsp;On August 16, 2013, Google was not reachable for 5 minutes, in that time the global Internet usage was decreased by 40%.

US markets took a hit as the 30 stock Dow fell more than 500 points as investors got spooked by Federal Reserve (Fed) commentary on earlier than expected rate hikes.&nbsp;The US stocks nosedived after Federal Reserve official James Bullard that the he was supporting the group of seven members that believes rate increases will&nbsp;begin next year. This comes as the Fed has moved up it's rate hike calendar to 2023 due to a rise in inflation forecast.&nbsp;Financials&nbsp;were down 6%, Energy sector down 5% were the worst hit on Wall Street.&nbsp;For the week, the Dow lost 3.5%. The S&amp;P 500 and Nasdaq were down by 1.9% and 0.2%, respectively.

US Markets slide, Dow falls more that 500 points sees worst week since Oct

Asian markets slide, Japanese markets down 3% following US markets' 500 point crack, so what&nbsp;is spooking global investors?&nbsp;

<ul>
<li>US markets see sharp drop in Friday's trade, Dow down 500 points</li>
<li>US markets fall on Fed commentary on early rate hikes</li>
<li>Fed Official Bullard: See central bank hiking rates as early as next year</li>
<li>Fed has moved up rate hike calendar and inflation forecast</li>
<li>Financial and commodity stocks worst hit on Wall Street</li>
<li>For the week: Dow down 3.5%, worst week since October</li>
</ul>

US markets took a hit as the 30 stock Dow fell more than 500 points as investors got spooked by Federal Reserve (Fed) commentary on earlier than expected rate hikes.&nbsp; The US stocks nosedived after Federal Reserve official James Bullard that the he was supporting the group of seven members that believes rate increases will&nbsp;begin next year. This comes as the Fed has moved up it's rate hike calendar to 2023 due to a rise in inflation forecast.&nbsp; Financials&nbsp;were down 6%, Energy sector down 5% were the worst hit on Wall Street.&nbsp; For the week, the Dow lost 3.5%. The S&amp;P 500 and Nasdaq were down by 1.9% and 0.2%, respectively.

Wall Street cracked as higher than expected reading of inflation spooked investors across the board.&nbsp;Inflation rose at its fastest pace in 13 years last month with the Consumer Price Index spiking to 4.2% from a year ago.&nbsp;30 stock Dow Jones Industrial Average fell 681.50 points, or 2% posting its worst day since January. The S&amp;P 500 lost 2.1% while the tech-heavy Nasdaq Composite slid 2.7% clocking in weekly decline to more than 5%.

US markets crack, see biggest drop in 4 months as inflation spooks investors

US markets crack as inflation rises the most in 13 years, tech takes a beating fearing end of easy money regime.&nbsp;

Wall Street sees biggest fall in 4 months

<ul>
<li>US markets see worst drop since January&nbsp;</li>
<li>US inflation spikes to 4.2% highest since 2008&nbsp;</li>
<li>Dow falls 700 points during the session</li>
<li>Tech takes a beating, Nasdaq&nbsp;down 2.7%&nbsp;</li>
</ul>

Wall Street cracked as higher than expected reading of inflation spooked investors across the board.&nbsp;Inflation rose at its fastest pace in 13 years last month with the Consumer Price Index spiking to 4.2% from a year ago.&nbsp; 30 stock Dow Jones Industrial Average fell 681.50 points, or 2% posting its worst day since January. The S&amp;P 500 lost 2.1% while the tech-heavy Nasdaq Composite slid 2.7% clocking in weekly decline to more than 5%.

Wall Street had a terrific Thursday with Dow closing above the 34,000 mark and S&amp;P 500 soaring to a record high as falling yields boosted bets on tech stocks.&nbsp;
Tech backed Nasdaq Composite closed&nbsp;above 14,000 for the first time since Feb. 16 as&nbsp;benchmark 10-year Treasury yield slipped below 1.6% for the first time since March 25.
Economic data continues to be supportive with&nbsp;U.S. jobless claims dropping to the lowest level since March 2020 and retail sales jumping 9.8%&nbsp;in March beating estimates.&nbsp;
The S&amp;P 500 has gained 1% this week, on pace for its fourth straight positive week.&nbsp;

US Markets rally, Dow closes above 34,000 , S&P500 at hits record as yields slide

Wall Street had a terrific Thursday with Dow closing above the 34,000 mark and S&amp;P 500 soaring to a record high as falling yields boosted bets on tech stocks.&nbsp;
&nbsp;

US Markets rally, Dow closes above 34,000 

<ul>
<li>Dow hits milestone, closes above 34,000 for the first time</li>
<li>S&amp;P 500 closes at record high as tech stocks back rally</li>
<li>Nasdaq&nbsp;closed above 14,000 as bond yields in US ease</li>
<li>US 10 year yield fell below 1.6% for the first time since March 25</li>
<li>US jobless claims fall to 1-year lows, March retail sales rise 9.8%</li>
<li>S&amp;P 500 on track for 4th straight weekly gains&nbsp;</li>
</ul>

Wall Street had a terrific Thursday with Dow closing above the 34,000 mark and S&amp;P 500 soaring to a record high as falling yields boosted bets on tech stocks.&nbsp;
Tech backed Nasdaq Composite closed&nbsp;above 14,000 for the first time since Feb. 16 as&nbsp;benchmark 10-year Treasury yield slipped below 1.6% for the first time since March 25.
Economic data continues to be supportive with&nbsp;U.S. jobless claims dropping to the lowest level since March 2020 and retail sales jumping 9.8%&nbsp;in March beating estimates.&nbsp;
The S&amp;P 500 has gained 1% this week, on pace for its fourth straight positive week.&nbsp;

From jobs data to service sector growth all the economic indicators pointed to a solid recovery leading Wall Street to a record high closing.&nbsp;
The 30 stock Dow Jones Industrial Average rose over 370 points to a record closing high. The S&amp;P 500 gained 1.4% also hitting a new record close. The tech-heavy Nasdaq Composite also climbed 1.7% &nbsp;.
Non-farm payrolls rose to the highest level since August 2020,&nbsp;unemployment&nbsp;level fell to 6% and&nbsp;services industry activity&nbsp;soared&nbsp;to a record high.&nbsp;

U.S. markets end at record high as economic data points to strong recovery 

From jobs data to service sector growth all the economic indicators pointed to a solid recovery leading Wall Street to a record high closing.&nbsp;

<ul>
<li>Record high closing for Wall Street&nbsp;</li>
<li>Dow rallies 370 points, Nasdaq&nbsp;rises 1.7%</li>
<li>Non-farm payrolls in US touch highest level since Aug 2020</li>
<li>US unemployment level down to 6%</li>
</ul>

From jobs data to service sector growth all the economic indicators pointed to a solid recovery leading Wall Street to a record high closing.&nbsp;
The 30 stock Dow Jones Industrial Average rose over 370 points to a record closing high. The S&amp;P 500 gained 1.4% also hitting a new record close. The tech-heavy Nasdaq Composite also climbed 1.7% &nbsp;.
Non-farm payrolls rose to the highest level since August 2020,&nbsp;unemployment&nbsp;level fell to 6% and&nbsp;services industry activity&nbsp;soared&nbsp;to a record high.&nbsp;

Bloomberg&nbsp;reports that&nbsp;Goldman Sachs Group sold $10.5 billion worth of stocks in block trades on Friday.The spree block trade&nbsp;erased $35 billion from the values of bellwether stocks ranging from Chinese technology giants to U.S. media conglomerates.Most market analysts were stunned by the size of the record $10.5 bn block deals. Many remain uncertain ahead as questions on reason remain unanswered.&nbsp; With the identity of the main seller unknown Wall Street traders expressed concern and were quoted as saying " we don&rsquo;t have all the answers on whether this was the liquidation of just one fund or more than a fund, or whether it was a fund liquidation to begin with and the reason behind it,"

The $10.5 bn block deal on Wall Street from Goldman Sachs that wiped out $35 billion in value

It was a record spree of block deals as Goldman Sachs sold shares worth $10.5 billion on Friday. With the rationale unknown the block deals wipe out $35 billion in market value.&nbsp;

The $10.5 bn block deal on Wall Street that wiped out $35 billion in value

<ul>
<li>Goldman Sachs executes block deals worth $10.5 bn on Friday&nbsp;</li>
<li>Goldman sells stocks in&nbsp;Baidu Inc., Tencent Music among others&nbsp;</li>
<li>Goldman block deal led to crash in shares being sold</li>
<li>$10.5 billion block deal, wipes out $35 billion in value&nbsp;</li>
<li>Wall Street traders unsure of reason of sale or identity of main seller&nbsp;</li>
</ul>

Bloomberg&nbsp;reports that&nbsp;Goldman Sachs Group sold $10.5 billion worth of stocks in block trades on Friday. The spree block trade&nbsp;erased $35 billion from the values of bellwether stocks ranging from Chinese technology giants to U.S. media conglomerates. Most market analysts were stunned by the size of the record $10.5 bn block deals. Many remain uncertain ahead as questions on reason remain unanswered.&nbsp; With the identity of the main seller unknown Wall Street traders expressed concern and were quoted as saying " we don&rsquo;t have all the answers on whether this was the liquidation of just one fund or more than a fund, or whether it was a fund liquidation to begin with and the reason behind it,"

It is a scary&nbsp;d&eacute;j&agrave; vu of the taper tantrum as the headline reads the same, rising yields slides markets. Global markets have started reeling under pressure of rising bond yileds&nbsp;even though central bankers continue to reassure support towards low rates.&nbsp;The S&amp;P 500 Index sank 1.5% seeing the&nbsp;largest fall in three weeks. The more cheap money dependent tech index the&nbsp;Nasdaq Composite sank 3% to&nbsp; the lowest in more than a week on the largest tumble in three weeks as well.10 year Treasury yields climbed to 1.75% for the first time since January 2020, while the 30-year breached 2.5% for the first time since August 2019. Signalling that investors are anticipating a big build up in price pressures.&nbsp;

Wall Street sees biggest tumble in over 3 weeks as yields surge

Markets in an all fall down mode, Crude slides over 6%, Wall Street sees biggest fall in over 3 weeks as yields surge.&nbsp;

It is a scary&nbsp;d&eacute;j&agrave; vu of the taper tantrum as the headline reads the same, rising yields slides markets. Global markets have started reeling under pressure of rising bond yileds&nbsp;even though central bankers continue to reassure support towards low rates.&nbsp;
The S&amp;P 500 Index sank 1.5% seeing the&nbsp;largest fall in three weeks. The more cheap money dependent tech index the&nbsp;Nasdaq Composite sank 3% to&nbsp; the lowest in more than a week on the largest tumble in three weeks as well.
10 year Treasury yields climbed to 1.75% for the first time since January 2020, while the 30-year breached 2.5% for the first time since August 2019. Signalling that investors are anticipating a big build up in price pressures.&nbsp;

It is a scary&nbsp;d&eacute;j&agrave; vu of the taper tantrum as the headline reads the same, rising yields slides markets. Global markets have started reeling under pressure of rising bond yileds&nbsp;even though central bankers continue to reassure support towards low rates.&nbsp; The S&amp;P 500 Index sank 1.5% seeing the&nbsp;largest fall in three weeks. The more cheap money dependent tech index the&nbsp;Nasdaq Composite sank 3% to&nbsp; the lowest in more than a week on the largest tumble in three weeks as well. 10 year Treasury yields climbed to 1.75% for the first time since January 2020, while the 30-year breached 2.5% for the first time since August 2019. Signalling that investors are anticipating a big build up in price pressures.&nbsp;

Dow, S&amp;P 500 and Nasdaq&nbsp;all reacted positively with the non-tech based Index hitting record high as the US central bank reiterated&nbsp;it was no hurry to lift rates despite signs the recovery is taking shape.&nbsp;&nbsp;
As Fed reassured it will support the economy as long as it takes and the bulls on cue pushed the Dow Jones Industrial Average to its first close above 33,000 with a gain of 189 points. The S&amp;P 500 also notched a record close and rose 0.3% to 3,974 after falling 0.7% earlier .
Tech Index&nbsp;Nasdaq Composite, which had fallen as much as 1.5%, wiped out its early losses and ended the day 0.4% higher as yields eased though mildly from it's pre-pandemic level.&nbsp;

Wall Street scales record high as Fed remains dovish

The fed signals easy money is here to stay and the bulls cash in taking Wall Street to a record high.

Dow, S&amp;P 500 and Nasdaq&nbsp;all reacted positively with the non-tech based Index hitting record high as the US central bank reiterated&nbsp;it was no hurry to lift rates despite signs the recovery is taking shape.&nbsp;&nbsp;
As Fed reassured it will support the economy as long as it takes and the bulls on cue pushed the Dow Jones Industrial Average to its first close above 33,000 with a gain of 189 points. The S&amp;P 500 also notched a record close and rose 0.3% to 3,974 after falling 0.7% earlier .
Tech Index&nbsp;Nasdaq Composite, which had fallen as much as 1.5%, wiped out its early losses and ended the day 0.4% higher as yields eased though mildly from it's pre-pandemic level.&nbsp;

&nbsp;
Tech Titan Rebound, Tesla Rises Most in a Year&nbsp;
&nbsp;
Wall Street cheered with tech heavy index Nasdaq surging 4% in Tuesday&rsquo;s trade. The rise was led by Tesla which snapped a 5 day losing streak and Amazon and Microsoft which posted the single biggest gain in over a month.&nbsp;
Tesla stock ended Tuesday trade up nearly 20%,&nbsp; its highest close in a week and largest one-day percentage advance since Feb 2020. This rise added over $100 bn to the Musk backed EV makers market value which now stands at $647 bn.&nbsp;
Investors on Wall Street cheered bond yields coming down that eased upto 1.52% vs the 13 month high of 1.61% .&nbsp;

Musk Backed Tesla soars 20%, Amazon sees biggest rise in a month

&nbsp;
 Tech Titan Rebound, Tesla Rises Most in a Year&nbsp;
&nbsp;
 Wall Street cheered with tech heavy index Nasdaq surging 4% in Tuesday&rsquo;s trade. The rise was led by Tesla which snapped a 5 day losing streak and Amazon and Microsoft which posted the single biggest gain in over a month.&nbsp;
Tesla stock ended Tuesday trade up nearly 20%,&nbsp; its highest close in a week and largest one-day percentage advance since Feb 2020. This rise added over $100 bn to the Musk backed EV makers market value which now stands at $647 bn.&nbsp;
 Investors on Wall Street cheered bond yields coming down that eased upto 1.52% vs the 13 month high of 1.61% .&nbsp;

Tesla leads tech rebound, Adds $100 bn to market-cap in single day

&nbsp;
 Tech Titan Rebound, Tesla Rises Most in a Year&nbsp;
&nbsp;
 Wall Street cheered with tech heavy index Nasdaq surging 4% in Tuesday&rsquo;s trade. The rise was led by Tesla which snapped a 5 day losing streak and Amazon and Microsoft which posted the single biggest gain in over a month.&nbsp;
Tesla stock ended Tuesday trade up nearly 20%,&nbsp; its highest close in a week and largest one-day percentage advance since Feb 2020. This rise added over $100 bn to the Musk backed EV makers market value which now stands at $647 bn.&nbsp;
 Investors on Wall Street cheered bond yields coming down that eased upto 1.52% vs the 13 month high of 1.61% .&nbsp;

Bears took control the equity markets across the globe on the last day of trade. After sparking hope and starting trade positively Wall Street saw volatile moves pushing the 30 stock Dow Jones down&nbsp;to end the day at its lowest level dropping 460 points in the session.
All three major averages posted weekly losses on Wall Street, the second weekly downtick for the same. The jitters were sparked again as personal expenditure reading was higher&nbsp;than anticipated ,raising inflationary concerns.&nbsp;&nbsp;
But equities were not the only this suffering. Crypto currency also had a tough week as Bitcoin slid&nbsp;further 5% in Friday&rsquo;s trade extending its losses to 20% for the week. Bitcoin has recorded&nbsp;it&rsquo;s&nbsp;worst weekly decline in&nbsp;atleast&nbsp;a year.&nbsp;&nbsp;&nbsp;Even&nbsp;commodities&nbsp;that have been the shining spot for traders saw profit booking.&nbsp;A gauge tracking&nbsp;23 commodities&nbsp;dropped by the most since April 2020 as&nbsp;the dollar strengthened making the commodity play less attractive&nbsp;&nbsp;

Stocks, Commodities, Crypto all fall down

Bears took control the equity markets across the globe on the last day of trade. All three major averages posted weekly losses on Wall Street, the second weekly downtick

Bears took control the equity markets across the globe on the last day of trade. The 30 stock Dow Jones Index started off in the green but volatile moves pushed the index down 460 points ending at the day's low.
 All three major averages posted weekly losses on Wall Street, the second weekly downtick for the same. The jitters were sparked again as personal expenditure reading was higher&nbsp;than anticipated ,raising inflationary concerns.&nbsp;&nbsp;
 But equities were not the only this suffering. Crypto currency also had a tough week as Bitcoin slid&nbsp;further 5% in Friday&rsquo;s trade extending its losses to 20% for the week. Bitcoin has recorded&nbsp;it&rsquo;s&nbsp;worst weekly decline in&nbsp;atleast&nbsp;a year.&nbsp;&nbsp; &nbsp; Even&nbsp;commodities&nbsp;that have been the shining spot for traders saw profit booking.&nbsp;A gauge tracking&nbsp;23 commodities&nbsp;dropped by the most since April 2020 as&nbsp;the dollar strengthened making the commodity play less attractive&nbsp; &nbsp;

Bears took control of the equity markets across the globe on the last day of trade for the week. After sparking hope and starting trade positively Wall Street saw volatile moves pushing the 30 stock Dow Jones end at the day low shedding 460 points.&nbsp;
All three major averages posted weekly losses on Wall Street, the second weekly downtick for the same. The jitters were sparked again as personal expenditure reading was higher&nbsp;than anticipated ,raising inflationary concerns.&nbsp;&nbsp;
 But equities were not the only this suffering. Crypto currency also had a tough week as Bitcoin slid&nbsp;further 5% in Friday&rsquo;s trade extending its losses to 20% for the week. Bitcoin has recorded&nbsp;it&rsquo;s&nbsp;worst weekly decline in&nbsp;atleast&nbsp;a year.&nbsp;&nbsp; &nbsp; Even&nbsp;commodities&nbsp;that have been the shining spot for traders saw profit booking.&nbsp;A gauge tracking&nbsp;23 commodities&nbsp;dropped by the most since April 2020 as&nbsp;the dollar strengthened making the commodity play less attractive&nbsp; &nbsp;

After rising over 60% in February itself, the Bitcoin&nbsp;rally seems to be taking a breather. The cryptocurrency&nbsp;fell over 16% in trade in New York falling below the $50,000 mark. The digital token took a $8000 beating over just a few hours as analysts questioned the 94% rise in just this year so far.&nbsp;
This comes after Elon&nbsp;Musk tweeted that the cryptocurrency&nbsp;does seem a bit "high". Tesla has invested over $1.5 billion in Bitcoin.&nbsp;
Meanwhile US Treasury Secretary has said that Bitcoin is a highly speculative asset and extremely inefficient way to do transactions

BITCOIN BELOW $50,000

After rising over 60% in February itself, the Bitcoin&nbsp;rally seems to be taking a breather,&nbsp;cryptocurrency&nbsp;fell over 16% in trade

Bitcoin's Big Tumble

After rising over 60% in February itself the Bitcoin&nbsp;rally seems to be taking a breather. The cryptocurrency&nbsp;fell over 16% in trade in New York falling below the $50,000 mark. The digital token took a $8000 beating over just a few hours as analysts questioned the 94% rise in just this year so far.&nbsp;
This comes after Elon&nbsp;Musk tweeted that the cryptocurrency&nbsp;does seem a bit "high". Tesla has invested over $1.5 billion in Bitcoin.&nbsp;

After rising over 60% in February itself, the Bitcoin&nbsp;rally seems to be taking a breather. The cryptocurrency&nbsp;fell over 16% in trade in New York falling below the $50,000 mark. The digital token took a $8000 beating over just a few hours as analysts questioned the 94% rise in just this year so far.&nbsp;
This comes after Elon&nbsp;Musk tweeted that the cryptocurrency&nbsp;does seem a bit "high". Tesla has invested over $1.5 billion in Bitcoin.&nbsp;
Meanwhile US Treasury Secretary has said that Bitcoin is a highly speculative asset and extremely inefficient way to do transactions

Spotify has seen a sharp uptick in paid users ever since the coronavirus pandemic began, with the firm saying it's seen a 27% rise in monthly active users to 345 million

Spotify reports spike in monthly active users amid pandemic

Spotify has seen a sharp uptick in paid users ever since the coronavirus pandemic began, with the firm saying it's seen a 27% rise in monthly active users to 345 million.

Spotify has seen a sharp uptick in paid users ever since the coronavirus pandemic began, with the music streaming service saying it's seen a 27% rise in monthly active users to 345 million. However, while Spotify Premium subscribers were up 24% from the year before, the company expects to fall short of Wall Streets expectations for the current quarter. Spotify says it expects a total revenue between EUR 1.99 billion and EUR 2.19 billion, while estimates place it at a higher EUR 2.23 billion.

Parl panel grills FB reps, poses 90 questions

Parliamentary panel on IT grilled Facebook India representatives over the hate content row on Wednesday. The meeting went on over three hours and the panel reportedly asked the FB reps 90 questions

Parliamentary panel on IT grilled Facebook India representatives over the hate content row on Wednesday. The meeting went on over three hours and the Shashi Tharoor-led panel reportedly asked the Facebook reps 90 questions. After the meeting Tharoor tweeted that the discussions with the social media giant will continue. Facebook also put out a statement thanking the committee and maintained that it is committed to free speech as an unbiased platform. An expose by American publication Wall Street Journal on Facebook allegedly ignoring hate content from rightwing groups has led to a major political row in India.

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