The FTSE 100 index held steady and reached a new all-time high as the Bank of England (BoE) slashed interest rates and as more constituent companies published their earnings. It was trading at £8,765 on Friday, down from the year-to-date high of £8,815, Some top Footsie companies like Barclays and NatWest published their financial results […]
Digital coins display resilience after the latest United States inflation report, which triggered fear in the financial sector. However, the case differed for AI agent coins, which have suffered significant bearishness in the past month. Crypto AI agent’s market cap has plunged from $20 billion to $7 billion at press time, signaling a massive retreat […]
India’s stock market has suffered its steepest decline in over a year, with total market capitalisation slipping below $4 trillion for the first time since December 2023. A combination of a weakening rupee, foreign capital flight, and stretched valuations has triggered a selloff that wiped out over $1 trillion in equity value. The country’s benchmark […]
Contemporary Amperex Technology Co. Ltd. (CATL), the world’s largest electric vehicle battery manufacturer, has filed for a secondary listing in Hong Kong in what could be the city’s largest stock offering in years. The move by the Shenzhen-listed battery giant, a key supplier to Tesla, Volkswagen, and other major automakers, underscores Hong Kong’s growing role […]
Apple has teamed up with Chinese e-commerce giant Alibaba to develop artificial intelligence (AI) features for iPhones in China, a move seen as a strategic response to declining sales and growing local competition, according to The Information. The partnership comes as Apple faces mounting pressure from Beijing, which requires foreign firms to collaborate with domestic […]
NIO Inc.’s stock is trading lower on Tuesday following an announcement by BYD Auto regarding the inclusion of self-driving technology in its vehicles. The announcement is probably seen as a competitive challenge for NIO, as BYD’s integration of advanced technology into more affordable models could pressure premium EV brands. Apart from NIO, shares of several […]
OpenAI CEO Sam Altman has dismissed Elon Musk’s offer to buy the nonprofit that controls OpenAI, calling it “ridiculous” and reaffirming that the company is not for sale. Speaking to Reuters on the sidelines of an AI summit in Paris, Altman responded bluntly when asked about Musk’s reported $97.4 billion bid. “I have nothing to […]
Coca-Cola may shift a larger share of its packaging from aluminum to plastic bottles if President Donald Trump’s latest tariff hikes take effect, CEO James Quincey said Tuesday. Speaking during the company’s earnings conference call, Quincey explained that Coca-Cola has alternative packaging strategies to manage affordability and consumer demand. “If aluminum cans become more expensive, […]
Shares of Intel (NASDAQ: INTC) rose 8% on Tuesday after Vice President JD Vance emphasized the Trump administration’s commitment to protecting American artificial intelligence technology from foreign threats. Speaking at the AI Action Summit in Paris, Vance warned that some authoritarian regimes have misused AI for military and surveillance purposes. “Some authoritarian regimes have stolen […]
Meta, the social media behemoth behind Facebook and Instagram, is riding the crest of a wave after a historic winning streak that defied broader market trends and AI-related investor anxieties. While the stock has dipped slightly on Tuesday, its recent performance capped off a remarkable 16 consecutive days of gains, boosting its valuation and positioning […]