US stock markets today (May 28, 2026): Wall Street stays near record highs despite fresh jump in oil prices

US stocks hovered near record levels on Thursday even as oil prices climbed again amid renewed tensions linked to the Iran conflict, with strong corporate earnings continuing to support investor sentiment.The S&P 500 slipped 0.1 per cent from its record high reached a day earlier, reported AP. The Dow Jones Industrial Average fell 219 points,…

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LIC reviews Rs 60,000 crore real estate portfolio, may explore separate subsidiary

Life Insurance Corporation of India (LIC) is reviewing its vast real estate portfolio to improve returns and may explore setting up a separate subsidiary to manage the assets more efficiently, PTI reported.LIC’s real estate holdings, accumulated over nearly seven decades, are conservatively estimated at more than Rs 60,000 crore.“We have substantial real estate, both inherited…

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Banks are lenient with big borrowers, harsh with common people: Supreme Court slams SBI while refusing relief to defaulting company

After hearing both sides, the Supreme Court made it clear that it was not impressed by the conduct of the borrowers. (AI image) In a significant order dealing with recovery proceedings under the SARFAESI Act, the Supreme Court of India refused to interfere with action initiated by the State Bank of India against a company…

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Setback for Indian mango exports! Why Japan has stopped imports of Kesar, Alphonso, Langra & other varieties from India

Exports of mangoes to Japan require a phytosanitary certificate issued by the Directorate of Plant Protection, Quarantine & Storage in Faridabad. (AI image) In a big setback for Indian mango exports, Japan has reportedly stopped importing fresh mangoes from India for the current season. The move has effectively disrupted shipments of Indian mango varieties widely…

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Rich families cut US dollar exposure as geopolitical tensions reshape investment strategy: UBS report

The world’s wealthiest families are reassessing their dependence on the US dollar amid rising geopolitical tensions and growing concerns over sovereign debt, Reuters reported citing UBS’s Global Family Office Report 2026.The survey by the Swiss bank found that nearly two-thirds of family offices expect confidence in the US dollar as a global reserve currency to…

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