The Daily

The oil market came under pressure yesterday, unable to escape the broader risk-off move across markets. Although ICE Brent settled 0.69% lower on the day, oil performed relatively well compared to other assets. Downward pressure continued in early morning trading today, following a bearish inventory report from the American Petroleum Institute (API).

API’s numbers show that US crude oil inventories increased by 6.5m barrels over the last week,

 » Read more about: The Commodities Feed: Risk-off move weighs on the market  »

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 » Read more about: Commodities: Oil Weighed Down By U.S. Stock Build  »

Change in the financial world rarely happens quietly and SEBI’s new Specialised Investment Fund (SIF) category is a sign of how fast India’s investment landscape is evolving. At the HDFC Mutual Fund presents Moneycontrol Mutual Fund Summit 2025, Bengaluru edition powered by Axis Mutual Fund,

 » Read more about: Industry leaders decode SEBI’s SIF Revolution at Moneycontrol Mutual Fund Summit 2025  »

BERKSHIRE HATHAWAY CASH STASH AT 135% OF ITS PORTFOLIO

You often hear of fund managers holding cash and cash equivalents that is about 10% to 20% of their portfolios. But it is something really surprising when the cash stash of a fund is nearly 135% of the portfolio value.

 » Read more about: Why is Warren Buffett sitting on $382 Billion of cash?  »

 » Read more about: The whole economy is a casino. Businesses like Kalshi, Polymarket, and FanDuel are cashing in.  »

• The Department of State clarified reports about the DV-2027 entry registration period and warned the public against fraudulent websites
• Officials stated that the official registration dates and any changes to the 2027 application process will be announced
• The US government has also ended the automatic extension of work permits for foreigners

Elijah Ntongai,

 » Read more about: US Issues Warning After Reports it Opened Registration for US Green Card: “Not True”  »

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 » Read more about: Federal Reserve allegedly pumped $29.4B into US banking system. That's not the actual total  »

 » Read more about: Weyco Group (WEYS) Margin Slips to 9.2%, Challenging Dividend-Driven Bullish Sentiment  »

 » Read more about: Tesla Shareholders Vote on Elon Musk's $1T Pay Package Today  »

TLDR

• Tesla holds annual shareholder meeting Thursday with vote on Musk’s compensation package worth up to $1 trillion
• Norway’s sovereign wealth fund and CalPERS oppose the pay plan due to excessive size and shareholder dilution concerns
• Musk holds 15% voting stake under Texas law and could determine the outcome himself
• Board members facing reelection previously returned $919 million in excessive compensation settlements
• Shareholders decide whether Tesla should invest in Musk’s separate AI venture xAI

Tesla holds its annual shareholder meeting Thursday in Austin,

 » Read more about: Tesla (TSLA) Stock: Musk’s Trillion-Dollar Payday Hangs in Balance Thursday  »