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Carl’s Jr. Franchisee Closes 10 Restaurants, Sells 49 After Bankruptcy, June 13
Carl’s Jr. franchisee files Chapter 11 bankruptcy, plans to close 10 locations and sell 49 others in California amid rising labor costs.
Dollar-Yen Hits 160.59 as BOJ Prepares 1% Rate Hike, June 13
Dollar-yen rises to 160.59 as BOJ prepares 1% rate hike while FOMC holds steady. Geopolitical easing supports yen. Watch central bank messaging.
ASX 200 Jumps 2% on Iran Peace Deal Hopes, June 13
ASX 200 rallies 2% to 8,804 on Iran peace deal hopes and falling RBA rate-hike odds. Materials and consumer stocks lead. RBA decision Tuesday.
India Caps Diesel Sales, Raises Excise Tax Relief on Petrol June 13
India caps diesel sales at 200 litres daily per outlet and exempts ethanol blends E22-E30 from excise duty to curb hoarding and promote clean fuel.
Sensex Surges 1,695 Points as Oil Falls Below $90 on Iran Peace Deal, June 13
Sensex surged 1,695 points to 75,527 and Nifty50 gained 461 points to 23,623 on June 12 as crude oil fell below $90 following US-Iran peace signals.
US Wholesale Prices Jump 1.1% in May, Highest Since 2022
US wholesale prices rose 1.1% in May, the highest annual gain since November 2022, driven by energy price surges amid Middle East tensions.
US-Iran Peace Deal Nears as Trump Cancels Strikes, Oil Falls Below $90
Trump cancels Iran strikes as peace talks advance. Brent crude falls below $90/barrel on de-escalation hopes amid nuclear program disputes.
VIX Falls to 18.83 on Iran Ceasefire Hopes, June 12
VIX falls 15.3% to 18.83 as Iran ceasefire optimism drives risk-on rally. S&P 500 up 1.75%, oil prices fall, Treasury yields decline.
IndiGo, HPCL Rally 3% as Crude Oil Falls Below $90 on Iran Peace Deal, June 12
IndiGo and HPCL surge as Trump signals Iran peace deal, crude oil drops below $90 on easing geopolitical tensions.