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Indian Rupee surges as oil prices nosedive on US-Iran MoU finalization

The Indian Rupee (INR) opens strongly against the US Dollar (USD) at the start of the week. The USD/INR pair plunges to near 94.60 as oil prices have nosedived, following the announcement that the United States (US) and Iran have reached a permanent peace deal.In India’s opening trading hours, the…

Mamdani wants more housing on public land. A map shows where NYC is building now — and why ‘it’s not a silver bullet.’

Zohran Mamdani is making a big bet on turning city-owned property into affordable housing.The New York City mayor plans to oversee the construction of 200,000 affordable homes across the five boroughs. It’s a significant undertaking that will require new builds, hotel and office building conversions, and widespread rezoning.To control costs and limit red tape, the Mamdani administration is encouraging new development on existing public land, like converting libraries into mixed-use buildings or building on unused…

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Nara Organics infant formula recalled after 3 babies get botulism

Federal health officials are urging parents to immediately stop using a popular organic infant formula after three babies were hospitalized with botulism in a multistate outbreak linked to the product. The Centers for Disease Control and Prevention said all three infants consumed Nara Organics Whole Milk Organic Infant Formula before…

Investing

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