Wall Street rallied strongly on Wednesday, with the Dow Jones Industrial Average surging more than 600 points as optimism over a potential US-Iran agreement combined with robust earnings and continued enthusiasm for artificial intelligence-driven growth.The Dow rose 612 points, or 1.24%, while the S&P 500 climbed 1.46% to a record…
Arm Holdings Inc (ARM) is pushing higher in extended hours after reporting a market-beating Q4 and offering upbeat guidance for its current financial quarter.In Q4, the chip designer earned 60 cents on a per-share basis (EPS) on $1.49 billion in revenue – both handily above 58 cents and $1.47 billion…
Asian markets opened Thursday with a powerful relief bid, as investors leaned into hopes that tensions in the Middle East may ease enough to keep the Strait of Hormuz open.Japan set the tone, with the Nikkei 225 vaulting through 62,000 for the first time, while broader regional equities also pushed…
Japanese markets reopened after the Golden Week holidays to a powerful AI-driven rally on Thursday, with SoftBank stock soaring as investors rushed to catch up with gains already seen across global technology stocks.Shares in the Japanese investment group jumped 16.4% on Thursday, according to market commentary, after a long holiday…
Japanese stocks went parabolic on Thursday, helped by the soaring Softbank stock price and the rising possibility of a deal between the United States and Iran. The Nikkei 225 Index jumped to ¥62,836, bringing the year-to-date gains to 16.67%.Why Japan stocks are pumping today The Nikkei 225 Index and Topix are…
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%…