The Daily Editor

Microsoft got to enjoy being the world’s most valuable company for just a day before a market rally threw Apple back on top.

President Donald Trump’s “Liberation Day” announcement last week sent the stock market into a downward spiral. Trump said he would impose universal tariffs on imported goods with more severe rates on China and other countries.

 » Read more about: Stock market surge ends Microsoft’s brief run as most valuable company  »

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Commending the central public sector enterprises (CPSEs) for paying a record dividend relative to their market cap share, department of investment and public asset management secretary Arunish Chawla on Wednesday urged the private sector companies to also pay a ‘fair’ dividend to reward minority shareholders to create a vibrant market.

 » Read more about: Pay “fair” dividends to minority shareholders, Govt urges private firms  »

India’s equity market has been experiencing heightened volatility, influenced by global economic trends, policy decisions, and geopolitical developments. One major sector of the Indian economy remains the automobile industry. 

From original equipment manufacturers (OEMs) to auto component manufacturers, the automobile sector has contributed considerably to GDP growth and has solidified India’s global role in the auto supply chain. 

 » Read more about: How Trump’s 25% tariff on auto imports would impact mutual funds holding auto stocks  »

In retreating from a vast front of global tariff war, President Donald Trump escalated a showdown with the one nation that might be able to beat the United States in a trade duel.

Trump on Wednesday suddenly announced a 90-day pause in all the “reciprocal” tariffs that he rolled out with massive fanfare last week.

 » Read more about: Trump’s tariff onslaught against China escalates a battle the US may not be able to win  »

WASHINGTON (AP) — The prospect of high inflation stemming from widespread tariffs along with weaker hiring could put the Federal Reserve in a difficult spot, Fed policymakers said in minutes from last month’s meeting.

The minutes, released Wednesday, said that the Fed could keep its benchmark interest rate unchanged if inflation remained stubbornly elevated.

 » Read more about: Federal Reserve could be in ‘difficult’ spot with higher prices, slower hiring  »

Bullish option flow detected in Apache with 5,189 calls trading, 1.0x expected, and implied vol increasing almost 3 points to 90.90%. 4/11 weekly 5 calls and Sep-25 20 calls are the most active options, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 0.25. Earnings are expected on May 7th.

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 » Read more about: Apache call volume above normal and directionally bullish  »

 » Read more about: Why Tesla Stock Is Soaring Today Even as Tariff Trouble Mounts  »