OpenAI Chief Executive Officer Sam Altman has been meeting with major investors in the Middle East to line up funding for a massive new investment round that could total at least $50 billion, according to reports from Bloomberg and CNBC. The discussions underscore the scale of capital OpenAI is seeking…
Global markets steadied on Thursday as investors reacted to a sharp easing of geopolitical tensions after US President Donald Trump backed away from tariff threats and ruled out the use of force to seize Greenland. The shift in tone lifted equities, pressured safe-haven assets such as gold, and supported the…
Goldman Sachs has revised its year-end 2026 gold price projection upwards, increasing the forecast to $5,400 per ounce from the previous $4,900/oz. This adjustment is attributed to the ongoing trend of private-sector and emerging market central banks diversifying their reserves into gold.Gold prices on COMEX had hit a fresh record high…
Eternal (ETEA.NS) shares rose on Thursday after its quick-commerce arm Blinkit broke even, a milestone that boosted investor confidence in the company’s ability to hold firm in India’s fast-growing rapid delivery market. The stock jumped as much as 8% during the session, but lost most of the gains and was…
BitGo is poised to become the first cryptocurrency company to list in the United States this year after pricing its initial public offering above expectations, in a milestone debut for the digital asset industry amid ongoing regulatory and market uncertainty.The Palo Alto-based firm, one of the largest crypto custody providers…
US spot Bitcoin and Ether exchange-traded funds recorded significantly wider outflows on Wednesday, underscoring continued institutional risk aversion as macroeconomic and geopolitical uncertainty weighed on digital asset markets.According to data from Farside Investors, spot Bitcoin ETFs saw a combined daily net outflow of $708.7 million, marking the largest single-day redemption…
China pushed back against US President Donald Trump’s criticism of its wind power record at the World Economic Forum in Davos, Switzerland, reiterating its commitment to advancing the global shift toward low-carbon energy.Guo Jiakun, a spokesperson for the Chinese foreign ministry, said at a regular press conference on Thursday that…
Ubisoft Entertainment shares suffered their worst day on record on Thursday after the French video game publisher unveiled a sweeping reorganisation, studio closures, and the cancellation of six games, deepening concerns over its financial trajectory.Shares of the “Assassin’s Creed” maker fell as much as 33% in delayed trading, leading losses…
JetBlue stock price has rebounded in the past few months even as its short interest has risen to 16% and as analysts have turned highly bearish on the company. JBLU jumped to $5.52, its highest level since September 3, and 40% above the lowest level in December last year. Analysts have…
The US is among the world’s top silver producers, recording output of 1,100 metric tons in 2024. While that’s far below first-place Mexico’s production of 6,300 metric tons of silver, the US is still a major producer of the precious metal, and is likely to remain a key source moving…