Business & Finance Summary

In today's business and finance summary, U.S. stock futures slipped following disappointing earnings from Oracle, as investors expressed concerns over the tech sector amidst a broader market reaction to the Federal Reserve's recent hawkish cut.

The Fed's decision was characterized as a 'hawkish cut' which left some investors feeling optimistic despite underlying concerns about economic restraint. Meanwhile, Asia-Pacific markets experienced declines, with Korea's Kospi and China's CSI 300 marking their third consecutive day of losses, while Bitcoin fell below the $90,000 mark as risk appetite waned due to AI-related worries, signaling jitters in the cryptocurrency market.

In international news, the Indian rupee's recent plunge has created potential tariff relief for exporters, while Argentina successfully staged a market comeback through a $1 billion local dollar bond sale, reflecting strong demand and investor confidence.