The DAX Index jumped to a record high this week as investors remain optimistic that Germany will handle the current trade storm. It also soared as market participants predicted that the US would reach a trade deal with the European Union, one of the biggest US trading partners. It was…

Burberry is set to cut as many as 1,700 jobs worldwide as part of a wider cost-cutting effort, as the British fashion house grapples with a challenging luxury retail environment. The company said Wednesday it aims to save an additional £60 million ($80 million) over the next two years, with…

Applied Materials stock price has soared and moved to the highest level since February 21 as investors wait for the upcoming financial results. AMAT shares also jumped as artificial intelligence (AI) companies did well following Trump’s dealmaking in Saudi Arabia. It was trading at $173, up by over 40% from…

Archer Aviation stock price has surged and is nearing an important make-or-break point as focus shifts to its commercialization. ACHR has formed an inverse head and shoulders pattern, pointing to more gains after its loss narrowed in the first quarter. It was trading at $11.15, a few points below the…

A wave of cautious optimism swept through Asia-Pacific markets on Wednesday, with most major indices posting gains as investors carefully evaluated the latest developments in US-China trade discussions. The positive sentiment was largely an echo of Wall Street’s recent rally, sparked by easing trade tensions between the globe’s two largest…

US stocks edged higher on Wednesday, extending their recent rebound and pushing the S&P 500 further into positive territory for the year. The benchmark index rose 0.2%, the Nasdaq Composite added 0.5%, and the Dow Jones Industrial Average climbed 61 points, or 0.2%.Technology stocks remained at the forefront of the…

Shares in Burberry surged more than 15% on Wednesday after the company unveiled plans to cut about 1,700 jobs globally as part of a sweeping cost-reduction initiative, and clocked profits much higher than anticipated. The move is expected to generate £60 million in savings by the fiscal year beginning April…

Shares of Super Micro Computer rallied sharply in early trading Wednesday, extending gains from the previous session, as a combination of favourable analyst coverage, a multibillion-dollar AI infrastructure deal, and improved geopolitical sentiment lifted investor confidence in the server maker.The stock opened more than 18% higher at $45.96, building on…