Microsoft stock (NASDAQ: MSFT) is getting rewarded for doing something that looks backwards: backing away from AI.On Tuesday, new Xbox chief Asha Sharma said the company would wind down Copilot on mobile and stop developing it for console.The development is a reversal of plans that had pointed to a 2026…
Europe’s push to expand offshore wind capacity is colliding with a structural supply crunch, as turbine prices soar and market concentration deepens. A new analysis from Rystad Energy warns that the region’s post‑2030 targets risk slipping out of reach unless policymakers and developers address bottlenecks in the turbine value chain. Siemens Energy,…
Shell dividend climbs 5% following strong Q1 financial performanceShell reported a strong first quarter, with adjusted earnings the company’s definition of net profit, rising to $6.92 billion. The figure, announced Thursday, significantly surpassed both the $5.58 billion reported a year ago and the analyst consensus of $6.36 billion.Shell plc is also…
Norway’s largest utility, Statkraft, reporteda rise in underlying operating profit for the first quarter on Thursday, supported by higher electricity prices across the Nordic region.The state-owned energy company said underlying profit before interest and tax climbed to 11.6 billion Norwegian crowns ($1.25 billion) during the quarter, compared with 9.0 billion…
Arm Holdings (NASDAQ: ARM) delivered the kind of earnings report that sends a high-flying chip stock higher.The revenue beat estimates, profit beat estimates and demand for its new AI data-center chip looked strong.But in after-hours trading on Wednesday, the celebration turned into a sell-off.Arm stock jumped as much as 13%…
Rolls-Royce share price has held steady in the past two days, helped by the company’s reassurance that its business was still firing on all cylinders despite the ongoing weakness in its business. RR rose to 1,200p on Monday, up from the month’s low of 1.093p.Rolls-Royce Holdings helped by its diversification…
Markets are starting on Wednesday with a rare mix of relief and caution.Relief, because the latest signals from Washington and Tehran point to a possible easing in the Strait of Hormuz standoff.Caution, because the region is still fragile and energy traders are not ready to price in a clean resolution.At…
Digi Power X (NASDAQ: DGXX) soared nearly 40% on Tuesday morning after announcing a 10-year, $1.1 billion colocation agreement with an AI hardware developer, Cerebras Systems.Once a micro-cap player in energy infrastructure, DGXX seems to be making an aggressive pivot to seize the rising demand for high-density artificial intelligence data…
US stocks closed higher on Tuesday, with all three major indexes advancing as easing oil prices and a strong earnings backdrop lifted investor sentiment despite ongoing geopolitical tensions in the Middle East.The Dow Jones Industrial Average rose 356 points, or 0.7%, while the S&P 500 gained 0.8% after hitting an…
Advanced Micro Devices (NASDAQ: AMD) is pushing higher in extended hours after delivering a comprehensive “beat and raise” that underscores its growing dominance in the AI infrastructure trade.In Q1, the chipmaker earned $1.37 on a per-share basis and generated $10.25 billion in revenue – handily beating both Wall Street estimates…