Copper prices have climbed to a fresh all-time high above $12,000 a metric ton, putting the industrial metal on track for its strongest annual performance since 2009. The rally has been driven by a combination of severe supply disruptions and trade dislocations linked to the tariff agenda of US President…
Harman International, owned by Samsung Electronics, is buying a key driver-assistance business from ZF Group in a €1.5 billion transaction that reflects mounting financial pressure across Europe’s auto-supplier sector. The purchase brings radar, smart camera, and automotive computing operations under Harman at a time when suppliers are reassessing capital-intensive portfolios.…
Alphabet Inc (NASDAQ: GOOGL) is in focus today after announcing plans to acquire Intersect, a leading clean energy and data centre infrastructure firm based in San Francisco, CA.According to its press release, the multinational is spending a whopping $4.75 billion on Intersect, locking in reliable clean energy to fuel its…
Wall Street strategists are cautiously optimistic that the rally in US stocks has more room to run.The benchmark S&P 500 index is on track to closing its third straight year with double-digit gains. But the “bull market is still alive,” said Fundstrat’s senior expert Tom Lee in his latest report.On…
Coinbase Global (NASDAQ: COIN) inched up on Dec. 22nd following news that famed investor Cathie Wood has loaded up on the crypto stock that’s been gasping for gains in recent months.Last week, the founder and chief executive of Ark Invest spent over $26 million to load up on more than…
TikTok owner ByteDance is preparing to step up its already sizeable investment in artificial intelligence as China’s leading technology groups seek to narrow the gap with US competitors, reported Financial Times. The report citing people familiar with the matter said, the Beijing-based company has made preliminary plans to spend about…
Global markets traded cautiously on Tuesday, with Asian markets steadying while precious metals hit fresh record highs, even as geopolitical developments involving the United States, Venezuela, and Greenland added new layers of uncertainty. Investors also looked ahead to key US economic data, including an updated reading on third-quarter GDP, in…
Societe Generale share price has done well in the past few months and is slowly nearing its highest point on record. It jumped to a high of €67.85, its highest point since May 2007. It has soared by 680% from its lowest point in 2021, bringing its market capitalization to…
JPMorgan Chase & Co. has moved back to the top of India’s equity capital deals, ending a five-year gap and displacing Kotak Mahindra Capital Co. in one of the world’s most active fundraising arenas.The shift highlights a renewed role for global banks in large block trades at a time when…
Ryanair share price continued its strong bull run this year, reaching its highest level on record and bringing its market capitalization to over $38 billion, making it one of the biggest airline groups globally. It jumped by 60% this year and 202% from its lowest level during the pandemic. In contrast,…