For the better part of four years, Americans lived in a paradoxical US economy. It recorded record-low unemployment, produced 16 million new jobs, and wages were rising for the lowest-paid workers, while feeling, to a majority of households, like one of the worst in modern memory.Donald Trump won the White…
The European Union has approved the disbursement of a €90 billion ($106 billion) loan to Ukraine, after Hungary lifted its veto. The development ends months of political deadlock over a critical financial support package.EU ambassadors granted preliminary approval during a meeting on Wednesday, according to the bloc’s rotating presidency, currently…
Global markets remained on edge on Wednesday as geopolitical tensions and macro developments drove investor sentiment across asset classes. The US and Iran are locked in a standoff over the Strait of Hormuz, raising fears of supply disruptions. The European Union has approved a €90 billion loan for Ukraine after…
Gold fell to a two-week low on Friday as oil prices pushed back above $100 a barrel after renewed military tension between the US and Iran heightened inflation concerns and reinforced expectations that interest rates may stay higher for longer.Spot gold fell 0.7% to $4,705.1 an ounce, while US gold futures for…
SoftBank Group is seeking to raise as much as $10 billion through a margin loan backed by its shares in OpenAI, according to Bloomberg News.The development comes as Masayoshi Son’s group leans further on debt to finance its artificial intelligence push. The proposed borrowing would run for two years and…
SK Hynix’s record first-quarter profit failed to deliver a bigger lift to the stock on Thursday, as investors weighed whether the AI-driven memory boom can keep running at the same pace.The South Korean chipmaker posted an operating profit of 37.6 trillion won ($25.4 billion) for the January-March period.The figure jumped…
“Magnificent Seven” stocks are in focus as we approach a pivotal week for the US stock market, with five of them (MSFT, AMZN, AAPL, META, and GOOGL) slated to report their Q1 earnings.These mega-cap names will offer valuable insights not just into the health of the tech sector – but…
Nestle reported better-than-expected first-quarter sales growth on Thursday, supported by increased demand for its coffee and pet food products. The world’s largest packaged food company saw stronger volumes and stable pricing contribute to the performance.Organic sales, which exclude the impact of currency fluctuations and acquisitions, rose 3.5% in the three…
Univity, a satellite internet startup backed by the French state, said on Thursday it had closed a €27 million ($32 million) funding round.The company aims to launch thousands of satellites and position itself as Europe’s largest satellite operator.The Series A funding round, combined with a €31 million contract from the…
Indian equities came under renewed pressure after HSBC downgraded its stance on the market to underweight, warning that a surge in oil prices linked to the Middle East conflict could derail the country’s earnings recovery and dampen investor sentiment.The downgrade, the brokerage’s second in less than a month, reflects growing…