On Friday, Bitcoin traded sideways while UK borrowing costs saw a sharp increase with Amazon reportedly planning an AI-integrated smartphone.Super Micro computer stock fell sharply after being caught in a federal indictment involving the company’s co-founder.Bitcoin stalls amid risk-off sentimentBitcoin traded in a narrow range as investors adopted a risk-off…
US stocks closed sharply lower on Friday, as escalating tensions in the Middle East and surging oil prices weighed on investor sentiment and raised concerns about inflation and interest rates.The Dow Jones Industrial Average fell about 0.96% or 443 points to 45,577.47, while the S&P 500 dropped 1.51% to 6,506.48.…
Plug Power stock price has held steady in the past few weeks as investors reacted to the recent financial results, which showed that its business was doing well. PLUG, a top player in the hydrogen energy industry, was trading at $2.30 on Wednesday, up by 35% from its lowest level…
The ongoing LPG crisis in India, triggered by the Iran war, has exposed the country’s deep dependence on fuel imports. “This is a wake-up call,” Alok Kumar, former power secretary in the Union Ministry of Power, India, and current DG of All India Discoms Association, told Invezz.”It’s good that we…
Li Lu may not be a household name for retail investors, but in the halls of Berkshire Hathaway, he is revered.Born in China and shaped by the 1989 student protests, Lu eventually found his calling at Columbia University after hearing a lecture by Warren Buffett.His investment firm, Himalaya Capital, now…
A growing share of Gen-Z (defined as those born between 1997 and 2012) is stepping away from work and education at the same time that debt burdens are rising and wages are struggling to keep up with living costs.Across major economies, millions of young people are now classified as NEETs, meaning…
France’s attempt to halt Shein’s marketplace has run into another legal setback, with a Paris appeals court rejecting the government’s request to suspend the platform. The decision follows months of scrutiny after regulators flagged listings that raised serious safety concerns. Authorities had pushed for a temporary shutdown of the Chinese…
Uber Technologies is stepping up its autonomous ambitions through a new partnership with electric vehicle maker Rivian Automotive, committing to invest up to $1.25 billion to support a large-scale robotaxi rollout. The agreement outlines plans to deploy as many as 50,000 autonomous vehicles across major markets by 2031.It signals a…
The US market indices opened lower on Thursday, extending a broad risk-off sentiment across global markets as surging oil prices and persistent inflation concerns weighed on investor confidence.Dow Jones Industrial Average fell about 0.65% or 298 points while S&P 500 and Nasdaq 100 slipped roughly 0.81% and 1.13%, respectively. The…
The Bank of England (BoE) held its benchmark interest rate steady on Thursday but signaled a more hawkish stance as rising energy prices linked to the Middle East conflict threaten to push inflation higher.The nine-member Monetary Policy Committee (MPC) voted unanimously to keep rates unchanged at 3.75%, marking its first…