House Republicans are descending on President Donald Trump’s Doral resort Monday for their annual policy retreat, with hopes of sketching out their legislative priorities before the midterms. Trump may have just upended that plan. The president on Sunday said he wouldn’t sign any bills until Republicans pass the sweeping elections overhaul known as the SAVE […]
The global race to build artificial intelligence infrastructure is intensifying as demand for computing power grows across industries. AI data centre startup Nscale said on Monday it has raised $2 billion in fresh funding at a $14.6 billion valuation, underscoring investor confidence in companies building the backbone of the AI economy. The Series C round […]
The FTSE 100 Index tumbled for the third consecutive day, reaching its lowest level since January 20. It retreated by over 7% from its highest point this year and is nearing its correction zone by falling by 10% from the year-to-date high. The Footsie Index retreat mirrored that of the other global indices, which continued […]
The AI boom has produced plenty of big numbers and bold headlines—but few rival “Stargate,” the massive data center project backed by Oracle and OpenAI. Billed as a $500 billion bet on the future of AI computing, the plan envisioned building enormous facilities packed with Nvidia chips to power the next wave of advanced AI […]
DORAL, Florida — House Republicans head to their annual policy retreat Monday in south Florida. Their outlook for the remainder of 2026 is anything but sunny. GOP lawmakers were already under pressure to address cost-of-living issues ahead of the November midterms. Now President Donald Trump’s decision to launch a war in the Middle East is […]
Rolls-Royce share price has sunk into a technical correction after falling by 11% from its highest level this year as London companies retreat. The stock retreated to 1,295p on Friday, down sharply from the year-to-date high of 1,420p. This article explores whether it is safe to buy the current dip. Why the Rolls-Royce share price […]
US equities face rising downside risks as the escalating war in Iran disrupts global markets and fuels inflation concerns, according to veteran market strategist Ed Yardeni. In his latest outlook, Yardeni increased the probability of a market meltdown this year to 35%, up from 20% previously. At the same time, he sharply lowered the chances […]
Global financial markets opened the week under heavy pressure as the escalating conflict in the Middle East triggered a sharp surge in oil prices and rattled investor confidence worldwide. Asian equities fell steeply, the US dollar strengthened as investors sought liquidity, and cryptocurrencies retreated amid a broader risk-off mood. The closure of the Strait of […]
Japan stocks plummeted on Monday as investors embraced a risk-off sentiment amid the ongoing crisis in the Middle East. The blue-chip Nikkei 225 Index dropped by over 7%, reaching its lowest level since January 9 this year. It has moved into a correction after falling by over 10% from its highest point this year. Nikkei […]
The escalating US-Iran war has sent shockwaves through global energy markets, turning the Strait of Hormuz into a volatile chokehold. With about one-fifth of the world’s petroleum liquids at risk, Brent crude futures recently soared 24% in a single day– the most dramatic surge since the 2020 pandemic lockdowns. As supply uncertainty persists, Goldman Sachs […]