Gold and oil prices tumbled on Thursday in a volatile session as traders assess geopolitical tensions and positive economic data. Gold prices slipped more than 2% and silver plunged 7% as stronger US employment data prompts traders to push back expectations for an early Federal Reserve (Fed) interest rate cut.Oil prices…
Investors are bailing on Cisco (NASDAQ: CSCO) this morning despite it posting “record” revenue and coming in ahead of earnings estimates in its fiscal Q2.What’s dampening sentiment is the management’s conservative guidance for the current quarter, and the rising memory and AI hardware costs-driven decline in adjusted gross margins to…
Europe’s corporate and legal landscape saw a sharp turn on Thursday, with Nuveen agreeing to buy Schroders in a landmark deal ending centuries of family control.Thames Water is scrambling for fresh funding to stave off nationalization, and the BBC is facing a legal setback in a high-stakes US lawsuit.Meanwhile, Amazon…
Washington moved to wind down a controversial immigration surge in Minnesota as federal agents began pulling back after weeks of backlash.Markets, meanwhile, remain tense: Bitcoin is stuck near $65,000 as traders debate whether another leg lower lies ahead.In corporate news, SoftBank-backed PayPay has filed for a blockbuster US IPO, while…
Indian information technology stocks witnessed their steepest weekly fall since the early days of the COVID-19 pandemic, wiping out nearly $50 billion in market value as investor anxiety over artificial intelligence, weak global cues, and fading hopes of US rate cuts converged into a sharp sell-off.The rout gathered pace on…
The CAC 40 Index jumped to a record high this week as some top companies like Kering, TotalEnergies, Dassault Systèmes, Hermes, L’Oréal, Safran, and Capgemini published their financial results. It jumped to an all-time high of €8,427, much higher than the year-to-date low of €7,985. This article explores some of…
India has approved a major acquisition of Rafale fighter jets from France as part of a sweeping defence modernisation push that spans air, naval, and ground forces.The clearance came on Thursday under a broader 3.6 trillion rupee ($39.7 billion) military procurement package.The move also comes days before French President Emmanuel…
China’s electric vehicle market saw a major shift in January, as Xiaomi’s newest electric SUV overtook Tesla’s Model Y to become the country’s best-selling vehicle. The development marks a key moment for Xiaomi, which entered the auto industry only recently after establishing itself as a leading smartphone maker. Sales data…
The FTSE 100 Index remained in a tight range near its all-time high as top British companies like Barratt Redrow, AstraZeneca, BP, and Barclays published their financial results. It also wavered after the Office of National Statistics (ONS) published the relatively weak GDP report on Thursday. There were also concerns that…
Bitget has launched Gracy AI, the first animated digital human in crypto, designed to bring real leadership thinking into one-on-one conversations with users.Built around the experience and decision-making approach of Bitget CEO Gracy Chen, Gracy AI moves beyond charts and short-term signals. Instead, it gives users a space to talk…