TazaPulse

Dan Niles says he’s backing away from hyperscalers, trimming chip stocks

TazaPulseJune 22, 2026

Tech investor Dan Niles is trimming his exposure to “Magnificent Seven” companies, saying the high cost of artificial intelligence is about to present a near-term setback for the hyperscalers — as well as for chip stocks. “What I’m doing right now is I’m backing away from a lot of the hyperscaler type names that we...

Rupee Depreciation: Rupee falls 30 paise to 94.63 against Dollar amid Middle East uncertainty

TazaPulseJune 22, 2026

During the day, it moved between 94.24 and 94.76 before settling at 94.63 The rupee depreciated by 30 paise to close at 94.63 against the US dollar on Monday, weighed down by the strength of the American currency overseas and lingering uncertainty surrounding developments in the Middle East.Forex traders said the domestic currency witnessed volatile...

CBI arrests former CEOs of RCFL, RHFL in Rs 7,623-Cr bank fraud | India News

TazaPulseJune 22, 2026

CBI arrested former CEOs of Reliance Commercial Finance Limited (RCFL) and Reliance Home Finance Limited (RHFL) NEW DELHI: The CBI arrested former CEOs of Reliance Commercial Finance Limited (RCFL) and Reliance Home Finance Limited (RHFL) on Monday in connection with separate cases pertaining to an alleged fraud of Rs 7,623 crore in multiple public sector...

India slaps anti-dumping duty on rubber chemical imports from China, EU and US

TazaPulseJune 22, 2026

India has imposed anti-dumping duties for five years on imports of a chemical used in the rubber and tyre industry from China, the European Union and the United States, following findings that the product was being shipped into the country at unfairly low prices, causing injury to domestic manufacturers.The move follows recommendations by the Directorate...

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Alphabet paces for worst day in a year after AI talent exits

TazaPulseJune 22, 2026

Google is on pace for its worst day on the stock market in a year, as artificial intelligence concerns have mounted and two high-profile researchers departed for rivals in recent days. Shares of parent company Alphabet slid 7% Monday morning, underperforming both the Nasdaq and the rest of its megacap peers. Google’s brain drain concerns...

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Senate poised to advance housing bill to limit private equity purchases

TazaPulseJune 22, 2026

Senator Elizabeth Warren, a Democrat from Massachusetts, speaks to members of the media in the Senate Subway at the US Capitol in Washington, DC, US, on Tuesday, May 19, 2026. Al Drago | Bloomberg | Getty Images The Senate on Monday is expected to vote on passage of a bipartisan affordable housing bill that would...

RBI sold nearly $9 billion in forex spot market in April amid rupee pressure

TazaPulseJune 22, 2026

According to the RBI’s monthly bulletin released on Monday, the central bank purchased $16.225 billion and sold $25.169 billion in the spot market during April, resulting in a net sale of $8.944 billion. The Reserve Bank of India (RBI) was a net seller of $8.944 billion in the spot foreign exchange market in April, marking...

Politics

Keir Starmer stepping down: What investors should know

TazaPulseJune 22, 2026

LONDON, ENGLAND – JUNE 22: Andy Burnham, Labour MP for Makerfield, takes a “Selfie” with the Parliamentary Labour Party after his swearing-in at the Houses of Parliament on June 22, 2026 in London, England. Last week Andy Burnham won 54% of the vote in the Makerfield by-election, paving his way to return to Westminster as...

US stock markets today: Wall Street holds near record highs as oil prices ease on US-Iran deal hopes

TazaPulseJune 22, 2026

Investor sentiment received a boost after weekend talks between the United States and Iran. US Vice President JD Vance said the discussions had created a “good foundation for a successful final deal”. US stocks traded near record levels on Monday as easing oil prices and optimism over progress in US-Iran talks helped support investor sentiment,...

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Meta taps fintech founder Kunal Shah to lead WhatsApp

TazaPulseJune 22, 2026

Dilara Irem Sancar | Anadolu | Getty Images Meta‘s longtime WhatsApp leader will step down and be replaced by the founder of Indian fintech startup Cred, the company announced Monday. Will Cathcart, who has served as the head of the WhatsApp messaging service for more than seven years, is transitioning into another role at Meta,...