India’s retail demand for gold jewelry has been significantly impacted by the surge in gold prices to new all-time highs since the beginning of the year, the World Gold Council said. Despite record-high prices putting pressure on jewelry demand, interest in gold investment is expected to stay strong, the council said. “The financial year-end dynamics, […]
India’s growing role in the global space economy took centre stage as Prime Minister Narendra Modi met with Tesla and SpaceX CEO Elon Musk in Washington. While much of the media attention focused on a symbolic exchange—a heatshield tile from SpaceX’s Starship spacecraft—the meeting underscored deeper strategic interests. The discussions revolved around artificial intelligence, sustainable […]
Hong Kong-listed Chinese stocks extended their recent rally on Friday, fueled by growing optimism surrounding the nation’s advancements in artificial intelligence and renewed confidence in the market’s overall prospects. The Hang Seng China Enterprises Index jumped as much as 3.1% on Friday, inching closer to surpassing an October peak following a recent stimulus push. Breaching […]
Elon Musk might not go ahead with his $97.4 billion bid for OpenAI’s nonprofit arm if the ChatGPT maker ceases its transition into a for-profit entity, according to a court filing submitted to the US District Court for the Northern District of California on Wednesday. The filing stated that if OpenAI’s board agrees to uphold […]
Blue Origin, the space company founded by Jeff Bezos, announced on Thursday that it is laying off about 10% of its workforce in a move aimed at cutting costs and increasing the pace of rocket launches. The decision, affecting roughly 1,400 employees across Florida, Texas, and Washington, is part of a broader effort by CEO […]
US stocks surged on Thursday as fresh inflation data and tariff policy updates helped ease investor concerns about economic pressures and global trade tensions. The Dow Jones Industrial Average climbed 348 points, or 0.8%, while the S&P 500 and Nasdaq Composite gained 0.8% and 1.1%, respectively. Strong performances in the technology sector, led by Nvidia, […]
President Donald Trump on Thursday ordered his advisers to determine new tariff levels for all US trading partners, a sweeping move that threatens to upend the global trading system and set off intense negotiations worldwide. The memorandum, signed Thursday, instructs officials to account for various trade barriers imposed by foreign countries, including tariffs, taxes, subsidies, […]
Video game retailer and meme stock GameStop is considering investments in Bitcoin and other cryptocurrencies, according to a CNBC report. Following the news, GameStop shares surged as much as 20% in after-hours trading. Since then, the stock has cooled off and trades are around 7% higher. The meme stock has had a rough start to […]
On Thursday, Ark Invest, led by Cathie Wood, sold a chunk of its Robinhood shares. The sales come after the company posted strong earnings for the fourth quarter. Robinhood Markets saw its stock surge nearly 14% in early trading on Thursday, reaching its highest levels since 2021 and adding approximately $6 billion to its market […]
Asian stock markets are trading mixed on Friday, balancing positive cues from Wall Street overnight with concerns about a potential global trade war and its impact on inflation. US President Donald Trump’s decision to delay implementing a reciprocal tariff plan provided some reassurance to investors. Japanese market snaps winning streak In Japan, the market reversed […]