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US stock market today (June 1, 2026): S&P 500 hovers near record as Nvidia gains offset oil price worries

TazaPulseJune 1, 2026

US stocks traded near record levels on Monday despite a fresh rise in oil prices following renewed tensions around the fragile US-Iran ceasefire, as gains in technology heavyweights led by Nvidia helped keep investor sentiment resilient.The S&P 500 was little changed from the all-time high it set on Friday. The Dow Jones Industrial Average slipped...

India-UK trade pact faces delay as steel curbs, carbon tax concerns remain unresolved: Report

TazaPulseJune 1, 2026

India and the UK are set to discuss Britain’s steel safeguard measures and proposed Carbon Border Adjustment Mechanism (CBAM) this week, with the two issues emerging as key hurdles in the implementation of the bilateral free trade agreement signed last year, PTI reported citing sources.The issues are expected to figure prominently during the visit of...

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Barry Diller’s People to bid $18B for casino giant

TazaPulseJune 1, 2026

Barry Diller’s People Inc. is preparing a bid to buy casino giant MGM Resorts, a deal that would value it at more than $18 billion, CNBC’s Andrew Ross Sorkin reported Monday. The proposal has not yet been finalized, though the company is planning an offer of $48.30 per share in cash, Sorkin reported. MGM is...

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May saw most digital payments: UPI clocked its biggest month; transactions surpass Rs 29.90 lakh crore

TazaPulseJune 1, 2026

India’s digital payments network continued its rapid expansion in May, with Unified Payments Interface (UPI) transactions climbing to their highest-ever monthly levels in both value and volume, latest data from the National Payments Corporation of India (NPCI) showed.During the month, UPI handled 23.2 billion transactions worth Rs 29.90 lakh crore, surpassing the previous month’s figures...

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AI is crushing startup valuations for pre-ChatGPT firms

TazaPulseJune 1, 2026

Matthias Balk | Picture Alliance | Getty Images Five years ago, venture capitalists were pouring money into American startups selling everything from lingerie subscriptions to scheduling software, anointing them with billion-dollar valuations before most even turned a profit. It was a frothy era for startups, fueled by a combination of cheap money and pandemic-boosted demand....

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Q1 2026 retail earnings fueled by tax refunds and BNPL

TazaPulseJune 1, 2026

Shoppers enter and exit a Dior luxury boutique in Venice, Italy, on Nov. 16, 2025. Michael Nguyen/NurPhoto via Getty Images The retail industry emerged from a choppy first quarter relatively unscathed, but higher than usual tax refunds and an uptick in buy now, pay later use likely helped to buoy spending. As Wall Street looks...

Trump once slammed Biden for touching US oil reserves, now he’s draining it: Report

TazaPulseJune 1, 2026

America is digging deeper into its emergency oil reserves as the fallout from the war with Iran continues to squeeze global energy supplies. Since the conflict began, the US Strategic Petroleum Reserve has lost about 50 million barrels, as the Trump administration seeks to offset supply shortages and ease pressure from rising fuel prices. These...

Hormuz crisis fallout: How Indian refiners are adjusting to new crude oil mix to maximise output

TazaPulseJune 1, 2026

Indian oil refiners are modifying operations to handle a wider range of complex crude grades. (AI image) The Middle East conflict has complicated the refining calculations for Indian refiners – not just in terms of the amount of crude oil that is available, but also for the kind of crude that is available. Indian oil...

Gross GST revenues rise 3.2% to over Rs 1.94 lakh crore in May

TazaPulseJune 1, 2026

Gross Goods and Services Tax (GST) collections rose 3.2% year-on-year to over Rs 1.94 lakh crore in May, reported PTI.The collections moderated from a record Rs 2.42 lakh crore in April but remained higher than the Rs 1.88 lakh crore collected in May last year. Net GST revenue increased 3.3% to Rs 1.67 lakh crore...

Stocks to buy: What’s the outlook for Nifty for June 1-June 5 week? Check list of top stock recommendations

TazaPulseJune 1, 2026

Top stocks to buy (AI image) Stock market recommendations: Nuvama Wealth Management Ltd, and R R Kabel Ltd have been picked as the top stocks to buy in the June 1-June 5, 2026 week by Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities:Nuvama Wealth Management LtdNUVAMA has staged an impressive recovery after taking...