Congress Flags Webull’s Alleged China Ties as U.S. Security Risk

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‼️ 🇨🇳 🧠 A bipartisan congressional panel has raised national-security concerns over Webull, the digital investment platform with 28 million global users, alleging the firm has structural ties to China’s government despite marketing itself as an American company. The House Select Committee on China said its report found a “profound gap” between Webull’s public image and its actual control.

RBI Turns Hawkish: Rate Hike, Higher Growth Forecast and a Tougher Inflation Fight

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‼️ 🇮🇳 BREAKING: The RBI raised its repo rate by 25 basis points to 5.50% and shifted to a “calibrated tightening” stance, while lifting its FY GDP forecast to 7.1% from 6.7% and raising projected inflation to 5.2% from 5.0%. Governor Malhotra flagged persistent supply-side inflation pressures and early signs that price increases are broadening, while stressing that the cash reserve ratio remains the least-preferred liquidity-management tool. Markets reacted negatively: India’s 10-year yield climbed as much as 7 basis points to 7.27%, its highest since December 2023; the rupee weakened up to 0.4% toward a record low; and the NSE Nifty fell nearly 1%.

Hormuz Flashpoint: Iran’s Tanker Attacks Rise as Shipping Traffic Returns

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‼️ 🇮🇷 Iran has stepped up tanker attacks in the Strait of Hormuz, with UK Maritime Trade Operations reporting nine incidents so far in October, even as shipping traffic nears prewar levels. Meanwhile, the Trump administration is reportedly urging Saudi Arabia to avoid deeper involvement in Yemen, signaling reluctance to expand its role in the Saudi-Houthi conflict.