NFL Commissioner Roger Goodell has been invited to testify before Congress as the league faces increasing federal scrutiny about its broadcast deals and its recent practice of airing games on paywalled streaming services. Rep. Jim Jordan, R-Ohio, the chairman of the House Judiciary Committee, sent a letter to the commissioner…
US stocks closed higher on Tuesday as investors balanced continued enthusiasm for artificial intelligence-related investments against ongoing uncertainty surrounding US-Iran negotiations and rising geopolitical tensions in the Middle East.The Dow Jones Industrial Average rose 237 points, or 0.46%, to close at 51,316.01, setting a new record high. The S&P 500…
The unprecedented scale of upcoming initial public offerings (IPOs) from SpaceX, Anthropic, and OpenAI could mean near-term turbulence for the US stock market, says Steve Brice, global chief investment officer of wealth solutions at Standard Chartered.Why? Because these mega-cap market debuts will likely present “digestion challenges,” he argued in a…
Asian stocks advanced unevenly on Wednesday as Japan’s Nikkei 225 jumped 2.14% to a record high, even as oil-market tension and patchy regional data kept investors from calling it a clean risk-on session.The broader Topix rose 1.52%, helped by Wall Street’s latest record run and sustained enthusiasm for AI-linked shares.…
South Korea’s Kospi Index continued its remarkable bull run this week, hitting another record high on Wednesday. It jumped to 8,900 KRW, bringing its 12-month gains to 220%, solidifying its status as the world’s best-performing stock market.Goldman Sachs sees Kospi Index jumping 40%The Kospi Composite Index has been in a…
Chinese artificial intelligence startup DeepSeek is set to raise about 50 billion yuan, or $7.4 billion, in its first funding round.The deal could value the company at between 350 billion yuan and 400 billion yuan, equivalent to about $52 billion to $59 billion, the people said. The fundraising, if completed,…
Hong Kong’s Hang Seng Index has become a major laggard in the global equities market as top constituent companies plunge. The index was trading at H$25,600 today, June 3, down by nearly 9% from its highest point this year.In contrast, its top peers have surged to a record high. In…
European shares edged lower on Wednesday as escalating tensions in the Middle East drove oil prices higher and weighed on investor sentiment. Concerns over the potential impact of the conflict on global markets offset gains in the retail sector, where Zara owner Inditex rose sharply following a positive trading update.The…
Nvidia’s latest Computex appearance gave Wall Street another reason to stay bullish on the world’s most valuable chipmaker.Chief Executive Jensen Huang used the Taipei stage to push Nvidia (NASDAQ: NVDA) deeper into personal computers, datacentres and full-scale machine-learning infrastructure.Goldman Sachs analyst James Schneider was watching closely.After the keynote, he reiterated…
India’s central bank and market regulator have increased scrutiny of overseas investments by companies and family offices, issuing at least 10 queries over the past three weeks to assess whether investment routes may have been misused.The heightened oversight comes at a time when India’s currency has faced pressure from rising…