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Jio Platforms' Share Sale Draws Full Subscription Within Hours, Bucking India's IPO Pattern

Jio Platforms, the telecom and digital arm of billionaire Mukesh Ambani's Reliance group, received enough bids to cover its entire USD 3.2 billion offer within two hours of public bidding opening on Wednesday. The sale is the largest in India's history and the first …

Nitish Kishor | 21 October 2026

Oil Edges Up as Hormuz Tanker Incidents and Saudi Attacks Lift Shipping Costs

Oil rose in early Wednesday trading, extending a market that remains driven by supply fears in the Middle East. Brent crude futures gained 0.86% to USD 109.73 a barrel at 3:33 a.m. ET, and US West Texas Intermediate rose 0.78% to USD 98.58. On …

Nitish Kishor | 21 October 2026

Starlink in Ukraine: Rubio Now Says the Call Belonged to SpaceX, Not Washington

Washington has now offered two explanations of who controls Ukraine's access to satellite internet, and a third version comes from sources inside government. The question matters because Ukraine's military relies on the service for communications and for early warning of Russian missile launches.

Nitish Kishor | 21 October 2026

Trump Wants Data Center Operators to Pay Communities, as Opposition Builds Before Midterms

President Donald Trump has a proposal for the growing backlash against data centers: pay the neighbors. In a Truth Social post on Wednesday, he told operators to "MAKE DEALS" with local communities, arguing that projects that were unpopular became popular once money changed hands. …

Nitish Kishor | 21 October 2026

SpaceX Jumps and Netflix Slides in Premarket as Meta Prepares to Report

Two earnings reports drove the early action in US trading on Wednesday. SpaceX, the rocket and satellite company run by Elon Musk, rose 9% before the open after reporting that revenue grew 161% in the third quarter. Musk also said SpaceX and Tesla have …

Nitish Kishor | 21 October 2026

Treasury Yields Hold Near 5.12% as Investors Wait on Jobless Claims and the Fed

The bond market paused on Wednesday morning. The 10-year Treasury yield, the benchmark for mortgages, auto loans and credit cards, held at 5.1211%. The 2-year yield, which tracks expectations for Fed policy closely, stayed at 4.7889%, and the 30-year, often sensitive to geopolitical news, …

Nitish Kishor | 21 October 2026

Witkoff Heads to Moscow as Kyiv and Washington Try to Reset Ties After Oslo Meeting

Washington is pairing two moves this week. On Tuesday, US officials met Ukrainian President Volodymyr Zelenskiy in Oslo, alongside the leaders of Norway and Finland and representatives of European governments and NATO. On Wednesday, envoy Steve Witkoff is due to meet Russian President Vladimir …

Nitish Kishor | 21 October 2026

Brent Crude Falls Toward USD 108 as Qatar and Pakistan Proposal Report Surfaces

Brent crude futures fell about 1% to nearly USD 108 a barrel on Tuesday, retreating from five-month highs reached earlier in the week. The decline followed an unconfirmed report that Qatar and Pakistan had presented a new proposal aimed at reviving negotiations involving Iran. …

Nitish Kishor | 20 October 2026

Dow Gains 514 Points as 3M and Northrop Earnings and Lower Oil Offset AI Worries

The Dow Jones Industrial Average rose on Tuesday as a run of upbeat earnings reports and a drop in oil prices overshadowed recent pressure on artificial intelligence related stocks. The blue-chip index gained 514 points, or 1%. The S&P 500 added 0.4%, and the …

Nitish Kishor | 20 October 2026

Gasoline Futures Slide to USD 3.10 as Russia Waiver and Stock Build Weigh

Gasoline futures fell 2.86% to USD 3.10 per gallon on Tuesday. The contract is down 10.59% over the past month but remains up 69.70% from a year ago.

Nitish Kishor | 20 October 2026
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