After two days of marathon talks in London, the US and China have agreed to “roll back” some of the “punitive measures” they had taken and restore the trade truce agreed in May, says Alan Rappeport in The New York Times. The meetings followed a reportedly friendly call between Donald Trump and Xi Jinping last week.
» Read more about: US and China reach a ceasefire in their trade war after talks in London »
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Gold, silver prices in your city, June 13: The yellow metal prices rose amid several geopolitical developments, including Israel’s attack on Iran, US President Donald Trump’s assertion that he would send tariff letters to trading partners, and interest rate cut hopes due to lower-than-expected US inflation data.
Gold prices crossed the ₹1 lakh mark on Friday,
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Coinbase CEO Brian Armstrong warns that rising government debt significantly fuels Bitcoin’s record-breaking performance. Rising US deficit spending creates bullish momentum for new crypto listings and investment opportunities.
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The crypto market is dynamic, and capital typically rotates toward high-utility and uniquely positioned tokens. But even as volatility continues, investor interest is growing in select projects that combine strong fundamentals with community buzz and recent technical gains.
» Read more about: Next Cryptocurrency to Explode, 13 June — Four, Beldex, Bitcoin Cash, Fasttoken »
According to sources, CBDT is investigating tax evasion and laundering of unaccounted income by high-risk persons through investment in crypto currency. “Such entities and individuals which are engaged in Virtual Digital Asset (VDA) transactions and have failed to comply with the Income-tax Act, 1961 have been identified for verification,” the sources pointed out.
» Read more about: Unaccounted income invested in cryptocurrency under CBDT radar: Sources »
Israel’s attack on Iran sent Wall Street fleeing to haven assets, defense stocks, and energy stocks.
Energy, up 1.2%, was the only major S&P 500 sector rising in Friday morning trading. Financials, tech, and consumer discretionary were all down more than 1%.
Among the S&P’s top 10 stocks were Halliburton,
» Read more about: Defense, Energy Stocks Leading the Market »
US stocks continued their downward trajectory into late morning trading on Friday, as heightened geopolitical risks in the Middle East and mixed economic signals kept investors on edge.
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The U.S. equity market bounced back impressively from the turbulence caused by April’s tariff shocks. With strong earnings performance and easing geopolitical tensions,
» Read more about: Prediction: This Company Will Be the Most Valuable AI Stock in 2026 »
