Nike stock price witnessed a bumper opening on Friday as it surged 15% in early trading, a day after announcing its plans to shift the production away from China.The rally in Nike stock price came amid strong momentum on Wall Street with benchmark indices nearing record highs.The S&P 500 climbed…

A top German data protection watchdog has called for tech giants Apple and Google to consider removing the Chinese AI app DeepSeek from their platforms, alleging the service unlawfully transfers user data to China without adequate safeguards.Meike Kamp, Berlin’s data protection commissioner, said Friday that DeepSeek’s data handling practices are…

The Russell 2000 index has already been in a sharp uptrend over the past three months, but Craig Johnson, the chief market technician at Piper Sandler , believes the small-cap benchmark is on the verge of a breakout that could push it up much further in the months ahead.In a…

Microsoft’s push to develop proprietary artificial intelligence chips has encountered a significant setback, as its next-generation Maia AI chip, codenamed Braga, is facing a production delay of at least six months, reported Information. This development pushes the anticipated mass production timeline from 2025 to 2026. The delay could have implications…

London is likely to experience scorching heatwaves this weekend, with temperatures climbing and peaking on Monday, according to the Met Office. Rising temperatures coincide with the start of play at the All England Club on Monday, potentially making it Wimbledon’s hottest ever opening.Warm and humid weekendA cloudy start is expected on…

Snap Inc (NYSE: SNAP), the parent company of Snapchat, has endured a brutal comedown since its 2021 peak, with shares down nearly 90% from their all-time high.But beneath the rubble lies a social media firm quietly rebuilding its growth engine – and investors might want to take notice.From cutting-edge advertising…

The U.S. stock market is presently witnessing an extraordinary period, with the S&P 500 Index trading at all-time highs. This remarkable rally has seen approximately $10 trillion added to the value of U.S. stocks since the index was on the verge of a bear market just two months prior. This…

Following an exciting rally in recent months, shares of JPMorgan and Bank of America may now be running on fumes only, according to a senior Baird analyst.David George recommends a more cautious stance on the two money center banks since their risk-reward profiles have become increasingly unattractive as valuations stretch…

Tennis icon Roger Federer has now achieved the rare distinction of becoming a billionaire, placing him among a select few athletes to reach this financial milestone. While his illustrious 24-year playing career, which concluded in 2022, saw him accumulate $130.6 million in prize money through 20 Grand Slam victories between…