📰 Latest Economy & Stock Market News
Wockhardt shares jump 8%, extend rally after CDSCO nod for Zaynich antibiotic
Updated at : 2026-05-29 11:20:02

Wockhardt shares surged after the company received CDSCO approval for its breakthrough antibiotic Zaynich in India. Strong Phase 3 trial results and the drug’s potential to treat severe drug-resistant infections boosted investor sentiment, helping the stock extend recent gains despite technically entering overbought territory after a sharp rally.

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Silver drops Rs 1,500/kg, gold at Rs 1.56 lakh/10 gms as Iran war tensions weigh. Key levels to watch
Updated at : 2026-05-29 10:20:02

Gold and silver prices on the MCX opened slightly lower on Friday, with silver July futures falling 0.5% to Rs 2,68,018 per kg and gold June futures slipping marginally to Rs 1,56,316 per 10 grams. The decline came as investors balanced geopolitical uncertainty in the Middle East against hopes of a possible extension of the U.S.-Iran ceasefire.

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Anthropic eclipses OpenAI with valuation of $965 billion
Updated at : 2026-05-29 09:20:02

Anthropic PBC has raised funding at a $965 billion valuation, overtaking rival OpenAI for the first time. The round was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital, with each investing over $2 billion. Google and Amazon also joined as part of previously announced multibillion-dollar commitments to Anthropic.

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US stocks today: S&P 500 and Nasdaq hit record closing highs as US and Iran agree to extend ceasefire
Updated at : 2026-05-29 02:20:02

The S&P 500 and Nasdaq hit record closing highs as hopes of a US Iran ceasefire extension boosted sentiment. Investors also digested US inflation rising to a three-year high and weaker GDP revision. AI and tech stocks led gains, with Microsoft, Snowflake, Eli Lilly and Marvell among top movers today.

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Trump's face could appear on US $250 bill
Updated at : 2026-05-29 01:25:02

A proposal to feature Donald Trump on a new $250 bill for America’s 250th anniversary is under discussion, raising legal and political concerns. The move would break a long-standing ban on depicting living individuals on US currency, with critics calling it controversial and supporters framing it as symbolic recognition.

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Gold rebounds after Iran and US reach outline ceasefire deal
Updated at : 2026-05-29 01:20:02

Thursday saw a resurgence in gold prices, which jumped more than one percent as they bounced back from a two-month low. This recovery was fueled by the hopeful prospects of an extended ceasefire agreement between the United States and Iran. As the U.S.

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Wall Street pushes to more records as profits keep piling up for US companies
Updated at : 2026-05-29 00:20:02

U.S. stocks hovered near record highs as strong corporate earnings, led by Snowflake and Dollar Tree, offset macro concerns. Oil price volatility tied to U.S.-Iran tensions, easing Treasury yields, and weak housing data signaled economic strain, even as resilient profits and AI-driven growth continued to underpin market momentum.

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Global Stocks: Europe's E6 states seek common position on capital market supervision
Updated at : 2026-05-28 21:25:02

The ministers of Germany, France, Italy, Poland, Spain and the Netherlands are meeting in Berlin on ​Thursday to discuss how to advance the capital ⁠markets union.

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Nebius shares jump as former OpenAI employee's fund buys stake
Updated at : 2026-05-28 21:20:02

Situational ​Awareness managed $13.67 billion as ⁠of March 31, representing 148% growth ​from the end of 2025. ​It is run by Aschenbrenner, who was previously part of the "Superalignment" team at OpenAI.

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Fed's Williams: Productivity shifts hard to spot in real time
Updated at : 2026-05-28 20:25:02

Williams did not comment on the near-term monetary ​policy and economic ​outlook in ⁠his prepared remarks.

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