Global equity funds snap two-week outflow as AI optimism returnsGoldman Sachs strategists said this week that AI investment was driving almost half of S&P 500 earnings-per-share growth this year.
Global Market: VLCC rates hit record as Saudi crude flows jumpSaudi Arabia’s increased crude shipments through the Strait of Hormuz have pushed ship-to-ship transfer operations in the Gulf of Oman to c...
UK consumer confidence hits over two-year high in September as personal finances improve: GfKUK consumer confidence unexpectedly reached its highest level in over two years in September, with GfK's barometer rising to -13. Supported...
US stocks: S&P 500 ends nearly flat as US-Iran talks help stocks pare lossesS&P 500 ended almost flat as Microsoft declined, while Meta Platforms recorded gains amid ongoing market fluctuations. Oil prices surged fo...
US stocks: MGM Resorts shares plunge 10% as Diller’s IAC drops $18 billion bidShares of MGM Resorts fell significantly after the withdrawal of an $18 billion buyout offer from People Inc. According to Barry Diller, th...
BlackBerry lifts annual revenue forecast on strength in automotive software businessRevenue at BlackBerry's QNX division, which develops software for safety-critical systems in vehicles, robotics, medical devices and indust...
Why are US natural gas prices rising today?US natural gas prices have climbed 2% to an 11-week high as forecasts for cooler weather point towards higher heating demand. Falling daily...
US stocks: US market ends down as oil prices, Treasury yields riseIn a turbulent day for Wall Street, the markets faced declines primarily driven by disappointing performances from Alphabet and Amazon, com...
Shipping traffic via Strait of Hormuz stays below 10-day average, data showsOn September 23, three commodity vessels transited the Strait of Hormuz, which is lower than recent averages. A LNG tanker, Al Mafyar, was ...
Wall Street expects Meta's AI agent to shape into a new revenue engineMeta Platforms' new AI agent Muse is driving significant stock gains. The AI assistant offers a new revenue stream for the social media gia...
NSE pays 20 banks Rs 186 crore in fees for IPOThe National Stock Exchange paid ₹186 crore to 20 advisory banks for its $2.4 billion IPO. At 0.82% of the total issue, the fee structure r...
US stocks: US market ends sharply higher as AI optimism reignites and Treasury yields retreatStock markets surged on Monday, driven by impressive gains from leading AI companies such as Advanced Micro Devices. Meanwhile, Treasury yi...
US Market: Equity funds see fourth straight week of outflows as oil, rate hike concerns mountUS equity funds saw a fourth consecutive week of outflows as rising oil prices, inflation concerns and expectations of further Federal Rese...
Wegovy maker Novo Nordisk faces investor pressure to find growth beyond weight-loss drugsFacing increased scrutiny, Novo Nordisk must clarify its future strategy outside of its leading weight-loss drug. Investors are advocating ...
Yen weak ahead of BOJ decision; rate hike expectedThe yen dipped against both the dollar and euro as investors speculated about a potential interest rate hike by the Bank of Japan. Recent i...
Two US-bound vessels apparently compromised by hackers, US officials sayUS Coast Guard and FBI personnel boarded two foreign-flagged commercial vessels bound for the United States last month after receiving indi...
$46 billion IPO: NSE is the world’s most expensive stock exchange. Can it also become the most valuable?NSE’s Rs 22,569-crore IPO has opened for subscription, valuing India’s largest stock exchange at nearly $46 billion at the upper price band...