The Day Ahead

• TOP NEWS

  • US sends subpoenas in Warner-Paramount antitrust review.
  • Oaktree fund fulfills 8.5% withdrawal requests, avoiding withdrawal caps.
  • SpaceX's potential listing creates significant social media excitement and ticker speculation.
  • Citigroup dismisses reports of a potential US regional bank acquisition, prioritizing organic growth.
  • Unilever shareholders to receive a majority stake and tax benefits in a potential food deal with McCormick.

• MARKET RECAP

  • Stocks tumbled due to ongoing Middle East war.
  • Oil prices rose amid skepticism about a ceasefire.
  • Gold prices surged on dip-buying.
  • Treasury yields were mixed.
  • Dollar edged higher on safe-haven demand.