JPMorgan Chase has agreed to take over the Apple credit-card program from Goldman Sachs, marking a significant shift in the US consumer finance landscape and bringing an end to Goldman’s troubled foray into mass-market lending.Under the deal, JPMorgan will become the new issuer of the Apple Card, one of the…
The difference in price (premium) for immediate delivery of US West Coast jet fuel sold to Asia has expanded to its largest margin in almost two years, according to LSEG data released on Thursday, and quoted in a Reuters report. The growing disparity in pricing can be attributed to two key…
Samsung Electronics expects record, above-consensus earnings for the final quarter of 2025, underscoring the scale of an artificial-intelligence-driven rebound in the global memory-chip market. The South Korean technology giant said demand linked to AI infrastructure has pushed chip prices sharply higher, restoring its semiconductor business as its main profit engine.In…
Asian markets traded unevenly on Thursday as investors weighed geopolitical risks, mixed signals from the US labour market, and sharp moves in commodities, while corporate earnings optimism was led by Samsung Electronics, which expects record quarterly profits on the back of an AI-driven memory chip boom. The day’s developments also…
Global copper demand is projected to increase by 50% by 2040, driven by growth in the artificial intelligence and defense sectors. However, according to the consultancy S&P Global, annual supplies are expected to face a shortfall of over 10 million metric tons unless recycling and mining efforts are increased.Copper’s enduring popularity…
Germany’s industrial sector showed an unexpected burst of activity in November, offering a more nuanced picture of demand conditions in Europe’s largest economy. Fresh data released on Thursday pointed to a sharp monthly rise in orders, defying market expectations of a decline. The headline gain was shaped largely by large-scale…
JPMorgan Chase has agreed to take over the Apple credit-card program from Goldman Sachs, marking a significant shift in the US consumer finance landscape and bringing an end to Goldman’s troubled foray into mass-market lending.Under the deal, JPMorgan will become the new issuer of the Apple Card, one of the…
Shares of Tesco fell more than 5% on Thursday after the UK’s largest supermarket reported like-for-like sales growth that came in below market expectations, overshadowing a solid performance over the crucial Christmas trading period.The retailer said the group’s like-for-like sales rose 3.1% in its third quarter, while sales over the…
BT Group share price has remained under pressure, even as the FTSE 100 Index has jumped to a record high. It has dropped by 4% in the last six months, while the Footsie has jumped by 14%. This article explores what to expect this year.BT Group share price technical analysis The…
Applied Digital stock rose by 7% in premarket trading on Wednesday after the data center operator reported second-quarter revenue that comfortably beat Wall Street expectations, underscoring strong demand for large-scale infrastructure tied to artificial intelligence workloads.The company said revenue more than tripled year on year in the quarter, while losses…