Shares of GMS Inc. soared on Friday as the building-products distributor became the centre of a potential bidding war between two heavyweights in the construction supply industry: Home Depot and QXO. The stock jumped 29% in pre-market trading, reaching $104.50, after The Wall Street Journal reported that Home Depot had submitted an offer to acquire […]
Japan’s rice prices are facing their most severe shock in more than half a century, with costs more than doubling over the past year. The crisis is exposing structural flaws in the agricultural system and fueling voter unrest ahead of key elections. Data from Japan’s statistics bureau show that rice prices in May soared 101.7% […]
Taiwan’s Foxconn and U.S. chipmaker Nvidia are in advanced discussions to deploy humanoid robots at a new Foxconn facility in Houston, Texas, reported Reuters. The new facility is where the company will manufacture Nvidia’s GB300 artificial intelligence (AI) servers, the report said, citing sources. If finalized, this will mark the first time Nvidia’s AI server […]
US equity markets advanced on Friday after Federal Reserve Governor Christopher Waller said inflation was low enough to justify a potential rate cut as soon as next month, offering a more dovish outlook than Fed Chair Jerome Powell had earlier in the week. The Dow Jones Industrial Average rose by 150 points, or 0.4%, while […]
One of Britain’s most delayed and expensive infrastructure projects, the Hinkley Point C nuclear plant, is receiving a crucial financial lifeline. US asset manager Apollo Global Management is reportedly preparing to lend £4.5 billion to plug a funding gap for the site in Somerset. This move signals a broader shift in the UK’s energy funding […]
According to a report from the German publication Spiegel, Audi is considering plans to build a new factory in the United States. The move is a clear attempt to ease trade tensions with the U.S. government, as tensions continued to escalate, with President Donald Trump threatening tariffs on European automakers, prompting concerns about factory closures. The […]
Tesla shares are gaining ground as investor excitement builds ahead of the company’s long-anticipated robotaxi launch. CEO Elon Musk has pledged a major reveal next week, fuelling optimism about Tesla’s potential to disrupt the ride-hailing and autonomous driving sectors. Musk recently confirmed that the robotaxi service is set to begin operations in Austin, Texas, on […]
Bank of America Global Research boosted its year-end projection for the STOXX 600 index to 530 from 500 on Friday, citing sustained resilience in global GDP following a recent truce in US-China trade talks. The pan-European benchmark, which closed Thursday at 535.86, is still around all-time highs, indicating market optimism amid persistent geopolitical uncertainties. According […]
XRP’s price briefly surged past the $3.00 mark in January 2025, but has failed to reclaim that level in the months since. This prolonged consolidation comes despite XRP maintaining a relatively high open interest of $3.89 billion, suggesting market participants are positioned but unwilling to commit further capital. XRP’s stagnant movement is being weighed down […]
The long-anticipated Tesla robotaxi project is set to begin a limited rollout in Austin, Texas on 22 June. The pilot will deploy 10 vehicles equipped with the company’s Full Self-Driving (FSD) software, marking the first time Tesla will offer autonomous rides to select users in a controlled urban environment. The move aligns with Elon Musk’s […]