Financial Summary: Thursday, April 2, 2026

Tiger Woods has announced he will not serve as captain for the 2027 Ryder Cup team, raising questions about his future in golf.

A proposal to cap Social Security benefits at $50,000 has been introduced amid financial crisis concerns.

Retirees are being advised on strategies to protect their finances against rising inflation.

New guidelines on calculating interest for car loans are being shared to help consumers make informed financial decisions.

Globalstar's stock surged 15% following news of Amazon's potential $9 billion acquisition to enhance satellite internet services.

Eli Lilly's GLP-1 weight loss pill received FDA approval, marking a significant milestone in the weight loss drug market.

IndiGo's share price fell 5% after raising fuel charges due to rising ATF costs, raising profitability concerns.

Microsoft reported its worst quarterly performance in nearly two decades, indicating a downturn for the tech giant.

Ola Electric shares surged 17% over two days following strong sales in March, indicating a recovery in demand.

Beyond Meat expects another decline in Q1 sales, continuing its challenges in the competitive plant-based market.

Revolut was fined in Italy for misleading fee information in its advertisements, highlighting regulatory scrutiny in fintech.

Tesla reported a 14% decline in vehicle deliveries, facing increased competition and leaving over 50,000 unsold units.

PDD Holdings Inc. received a 'Buy' upgrade from Nomura, reflecting positive market sentiment towards the company's growth potential.

Emirates NBD received RBI approval to acquire a 74% stake in RBL Bank, transitioning it to a foreign bank status.

Amazon announced a 3.5% fuel and logistics surcharge for sellers in response to rising energy prices due to the ongoing conflict in Iran.

Tilray Brands reports strong cannabis sales, leading to a positive outlook from analysts at Jefferies.

President Trump demands the reopening of the Strait of Hormuz as a condition for ceasefire talks with Iran, escalating regional tensions.

China expands its digital yuan program by adding 12 new bank operators, advancing its digital currency initiative.

U.S. voters are worried about potential grocery price increases due to the ongoing conflict in Iran, which could influence upcoming elections.

Iran and Oman are drafting a protocol to monitor traffic in the Strait of Hormuz, vital for global oil transit amid rising tensions.

Oil prices are surging as markets prepare for a potential prolonged U.S. military engagement in Iran following Trump's recent speech.

The UK government is promoting pharmaceutical investments after securing a drug pricing deal with the U.S., increasing medicine spending in Britain.

Experts are raising alarms about increasing cyber threats to cryptocurrency, calling for enhanced security measures for digital assets.

Oracle has announced layoffs of up to 30,000 employees despite a significant profit increase, highlighting ongoing job cuts in the tech industry.

A forecast predicts a $700 billion increase in AI capital expenditures by 2026, indicating substantial investment opportunities in the sector.

OpenAI has acquired the popular tech podcast TBPN as part of its strategic expansion efforts.

U.S. crude oil prices surged over 5% to above $105, raising concerns for oil marketing stocks amid rising inventories.

The Indian stock market experienced significant volatility, with the Sensex dropping over 1,500 points before rebounding 1,800 points amid global tensions.

Pharma stocks, including Sun Pharma, dropped sharply amid concerns over potential tariffs from the Trump administration targeting drugmakers.

Brent oil prices surged to $141, the highest since the 2008 financial crisis, raising concerns about market stability.

U.S. stocks experienced a downturn following President Trump's aggressive remarks on Iran, ending a two-day rally.

Economists recommend the Reserve Bank of India maintain steady interest rates due to stable inflation levels.

Indian stock markets experience volatility as foreign investors withdraw amid escalating geopolitical tensions.

India Inc seeks clarification on General Anti-Avoidance Rules following a Supreme Court ruling impacting foreign payments.

India is transitioning from electronics assembly to full-scale manufacturing, supported by the ECMS scheme.