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Wall Street's main indexes achieved record-high closes, propelled by gains in Tesla and Micron Technology. U.S. inflation and jobless data have strengthened expectations for a Federal Reserve interest rate cut this month. The S&P 500, Nasdaq, and Dow all reached new peaks, with materials and healthcare sectors leading the gains.
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News and Media
A recent Israeli strike in Qatar has sparked anger among Gulf leaders. Saudi Arabia and UAE are united in condemning the attack. They view it as a violation of international norms. The incident raises concerns about US commitment to regional security. This could complicate efforts to expand Abraham Accords. It may also affect countering Chinese and Russian influence.
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News and Media
Indian banks are projected to reduce dividend payments in fiscal year 2026 due to squeezed profitability from slowing loan growth, according to S&P Global Market Intelligence. The total dividend payout of 12 major banks is expected to decline by 4.2% to $5.98 billion. HDFC Bank and Bank of Baroda are anticipated to cut dividends, while SBI's payout will remain stable.
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News and Media
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