Urging

• Equity benchmarks Sensex and Nifty closed lower after intraday swings, pressured by spiking crude oil prices above $90/barrel. • Foreign investor outflows accelerated to ₹15,000 crore in April, exacerbating downside in banking and energy sectors. • Auto and FMCG stocks like Maruti Suzuki and ITC provided limited support amid broader risk aversion.

• Oil prices surged amid Iran-U.S. conflict threatening global supplies, but U.S. stocks remained resilient near record highs driven by strong earnings from Visa and Starbucks on April 29, 2026. • S&P 500 edged down 0.1%, Dow fell 286 points or 0.6%, Nasdaq up 0.1%; Visa shares jumped 8.3% on resilient consumer spending per CEO Ryan McInerney, Starbucks climbed 8.6% with higher per-visit spending in North America. • Federal Reserve officials hinted at no 2026 rate cuts, nearly eliminating investor bets and nearly favoring hikes due to inflation from energy prices; bond market trembled.

• Cathie Wood's Ark Innovation ETF bought $6.9 million worth of a surging tech stock amid ongoing market volatility. • As of April 2, 2026, ARKK was down 12% year-to-date compared to the S&P 500's 3.8% decline, with a five-year annualized return of -10.6% versus S&P's 12%. • Wood anticipates a 'great acceleration' in global growth driven by innovation, positioning the purchase as a bet on tech recovery.

Shop around, coast downhill, band together – drivers tell of how they’re dealing with the costliest gas in the USJack Nooney has pretty much made peace with the traffic since moving to Los Angeles five years ago, but recent soaring gas prices have certainly added another layer of insult to his daily commute. The musician and full-time grocery deli employee drives from his San Fernando Valley apartment to Santa Monica daily. While it’s just nine miles each way, with LA traffic that often equates to a whole gas-burning hour.Nooney, who makes $20/hour, says it’s become glaringly clear that fuel costs will eat up more of his already tight budget. Angelenos are now paying on average nearly $5.90 a gallon – and some stations are charging a shocking $8 a gallon. The outsized prices are directly related to the Iran war, which has created the largest supply disruption in the history of the global oil market, according to the International Energy Agency. Continue reading...

The factories, which buy cheap crude and turn it into fuel, are struggling as higher oil prices threaten their razor-sharp margins The towns that are the bulwark of China’s energy security can, at a moment of global crisis, appear deceptively quiet. Trucks carrying oil trundle along wide-open highways that have little traffic, while a few boarded-up shops in crumbling low-rise buildings hint at a long-forgotten local buzz.A ramshackle noodle shop serving hand-pulled ribbons of dough was empty at lunchtime, save for a few construction workers and a teacher watching videos on Douyin, the social media platform, with his meal. Continue reading...

Mohammed bin Salman said to consider war a ‘historic opportunity’ to remake Middle East. Plus, Senate passes funding package for Homeland Security that excludes ICEGood morning.Saudi Arabia has urged Washington to intensify attacks on Iran, a Saudi intelligence source has confirmed, while it considers whether to join the war directly.Have there been reports of active Saudi military involvement? Not so far. But a Saudi analyst said the kingdom was likely to intervene if peace efforts led by Pakistan failed. Mohammed Alhamed said: “If [Iran] rejects the conditions and continues its attacks, the threshold for Saudi action will be crossed.”What is the latest on the strait of Hormuz? On Tuesday, Tehran said it would permit “non-hostile vessels” to pass: here is a visual guide.For the latest updates, follow our live blog.Why has there been no DHS funding? Democrats have blocked it as they demand changes to its immigration crackdown, particularly after agents in Minneapolis killed the US citizens Renee Good and Alex Pretti. Continue reading...

Crown Prince Mohammed bin Salman said to view US-Israeli war as ‘historic opportunity’ to remake Middle EastMiddle East crisis – live updatesSaudi Arabia has urged the US to ramp up attacks on Iran, a Saudi intelligence source has confirmed, while it is weighing a decision on whether to join the fight directly.The Saudi source confirmed reporting in the New York Times, which said the kingdom’s de facto leader, Crown Prince Mohammed bin Salman, has urged Donald Trump not to cut short his war against Iran, and that the US-Israeli campaign represented a “historic opportunity” to remake the Middle East. Continue reading...

• On March 20, 2026, the White House issued a four-page National Policy Framework on Artificial Intelligence, recommending Congress preempt state laws interfering with a minimally burdensome federal standard while protecting children and consumers. • The framework prioritizes seven areas, including stronger parental controls for kids, letting courts decide AI training on copyrighted works, and requiring companies to cover data center energy costs without raising residential bills. • It references the March 2026 Ratepayer Protection Pledge by tech firms and calls for streamlined permitting and resources for small businesses; Democrats responded with the GUARDRAILS Act to block a related Trump executive order.

• Broadcom announced supply chain bottlenecks across the tech sector, particularly at TSMC, due to skyrocketing demand for AI chips on March 24, 2026. • The constraints affect networking, custom silicon, and data-center hardware critical for AI infrastructure beyond major model developers. • This highlights the AI hardware race creating opportunities for startups to innovate in chip manufacturing tools amid industry-wide shortages.

• The Trump administration published a national AI policy framework on March 20, 2026, calling for unified federal principles over state-level regulations. • The plan seeks to remove innovation barriers, assign oversight to existing agencies, and streamline AI infrastructure permitting. • Proposal faces Democratic criticism for potentially weakening consumer protections and state oversight.

• On March 20, 2026, the Trump administration unveiled a policy framework for AI governance, organized around seven pillars emphasizing child protection, free speech, U.S. innovation, and workforce development. • The framework calls on Congress to preempt state and local AI laws, arguing AI development is an interstate issue with national security implications, and opposes new federal agencies. • It recommends sector-specific applications via existing regulators, industry standards, and AI resources like grants and tax incentives for small businesses to boost deployment.

• The Trump White House issued a March 20, 2026, AI policy framework calling on Congress to preempt state laws regulating AI model development and avoid new federal agencies. • It recommends codifying Trump's ratepayer protection pledge by Amazon, Google, and OpenAI for data center electricity, plus age-gating for child-accessible models and skills training legislation. • The blueprint seeks to balance innovation with child protections but faces bipartisan hurdles, as Senate Majority Leader John Thune eyes bundling with KOSA by April end.

Meta Platforms is evaluating layoffs impacting at least 20% of its nearly 79,000 employees as of December 31, 2025, to counter escalating AI infrastructure expenses, according to a Reuters report on March 14, 2026. Top executives discussed the plans with senior leaders, marking potentially the largest restructuring since 21,000 job cuts in 2022-2023 if implemented. The move aligns with industry trends, as Amazon recently eliminated 30,000 roles citing AI-driven efficiencies. A Meta spokesperson dismissed the report as speculative on theoretical approaches, amid broader tech sector adjustments to AI economics.