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Morgan Stanley Expands Crypto Strategy Beyond Bitcoin with Tokenization Plans
Morgan Stanley is developing tokenized money-market funds and crypto tax tools following the successful launch of its low-fee bitcoin ETP, signaling broader digital asset ambitions beyond Bitcoin.
Oil Surge Over $100 Weighs on Futures as Earnings Season Begins
U.S. stock futures retreated Monday as oil prices surged past $100 a barrel following stalled U.S.-Iran talks. Goldman Sachs reported strong earnings but shares fell premarket, while energy stocks gained.
Super Micro Board Probe into China Server Diversion Tests Investor Confidence
Super Micro Computer is under a board-driven investigation into claims servers were diverted to China, as U.S. prosecutors allege former associates funneled $2.5B in AI technology. Shareholders will vote on directors at an April 15 meeting.
Asia Air Travel Stabilizes Amid Lingering Gulf Route Disruptions
Key Asian airports operated smoothly Monday, avoiding widespread shutdowns, though airlines continue to cut Gulf routes. Jet fuel shortages and longer flight paths are driving up operational expenses.
ServiceNow Downgraded by UBS on AI Disruption Fears, Shares Drop
UBS downgraded ServiceNow to neutral from buy, cutting its price target to $100 from $170, warning of AI disruption risks and softer demand for non-AI software. Shares dropped 7.6% in pre-market trading.
Palantir Stock Gains as ARK Invest Adds Shares Amid AI Sector Volatility
Palantir Technologies shares advanced nearly 2% premarket Monday following a significant purchase by Cathie Wood's ARK Invest. The move comes as the software sector faces pressure from emerging AI tools.
Reverse Splits Dominate Nasdaq as Compliance Pressures Mount
A surge of reverse stock splits hits Nasdaq-listed companies this week as firms like NextPlat and Cenntro seek to regain compliance, contrasting with recent forward splits from Booking Holdings and Powell Industries.
Indian Markets Tumble as Oil Surge Sparks Inflation Fears
Indian equity benchmarks declined sharply on Monday, with the Sensex falling 703 points and the Nifty 50 dropping below 23,850, as crude oil surged past $100 a barrel following the collapse of US-Iran negotiations.
Geopolitical Tensions Fuel Oil Spike, Indian Markets Tumble
Indian equity markets opened sharply lower after the breakdown of US-Iran negotiations and heightened Middle East tensions sent crude oil prices soaring past $105 per barrel, intensifying inflation and currency pressures.
Bitcoin Retreats as Iran Talks Stall, ETF Inflows Provide Support
Bitcoin fell back Sunday as geopolitical tensions resurfaced, though continued institutional demand via spot ETFs helped cushion the decline. Morgan Stanley's new Bitcoin fund marked a milestone for Wall Street adoption.