Platinum has witnessed a significant surge, climbing over $200 since mid-September to just over $1,600 per troy ounce. This remarkable 80% price increase makes it the sharpest riser not only among precious metals but across the entire commodities sector, potentially surpassing its 2009 record of a 56% annual increase.Source: Commerzbank ResearchHistorical…
UK Prime Minister Keir Starmer kicked off a two-day visit to India on Wednesday, bringing along a huge delegation of over 100 business, academic, and cultural leaders. The timing couldn’t be more significant, coming on the heels of the UK-India Comprehensive Economic and Trade Agreement (CETA), which was finalized in…
Meta and Apple are close to settling two high-profile antitrust cases with the European Commission, marking a potential de-escalation in the ongoing tension between US Big Tech companies and European regulators, reported Financial Times. According to officials cited in the report, who have been briefed on the discussions, both companies…
Tesla (NASDAQ: TSLA) unveiled lower-cost versions of its two best-selling vehicles — the Model 3 sedan and Model Y SUV — on Tuesday, as the electric vehicle maker works to reignite flagging sales and defend its market share. The new versions are priced at $36,990 for the Model 3 and…
Oracle Corp (NYSE: ORCL) closed notably lower on Tuesday after a report from tech publication – The Information – raised concerns about the company’s cloud margins.The aforementioned report suggested Oracle’s artificial intelligence (AI) infrastructure buildout – powered by Nvidia chips and new data centres – may be more capital-intensive than…
A fresh FBI probe into cyberattacks on prominent US law firms, an expanded funding drive for Elon Musk’s xAI, and UK Prime Minister Keir Starmer’s firm stance on visa restrictions dominated headlines overnight. Meanwhile, Washington’s government shutdown stretched into its seventh day, with lawmakers still deadlocked over health care subsidies.FBI…
The Nifty 50 Index rose for five consecutive days, reaching a high of ₹25,200, its highest level since September 23. It has jumped by over 15% from its lowest point this year. This article provides a technical analysis for the blue-chip Indian index and looks at its top gainers and…
Cristiano Ronaldo has added another landmark to a glittering football career, becoming the first player to reach billionaire status, according to the Bloomberg Billionaires Index. The 40-year-old Portuguese forward’s wealth now stands at $1.4 billion, propelled by a combination of lucrative contracts, endorsements, and investments.Al-Nassr deal drives earningsRonaldo’s recent contract…
Elon Musk’s artificial intelligence company xAI is scaling up its ambitions with a massive $20 billion funding round, backed by Nvidia, Apollo Global Management, and Valor Capital, Bloomberg reported.The financing marks one of the largest in the AI industry this year, combining equity and debt to accelerate xAI’s Colossus 2…
SoftBank Group said on Monday it would acquire the robotics division of Swiss engineering firm ABB for $5.4 billion, marking one of its most ambitious bets yet on the convergence of artificial intelligence and robotics.The deal, which remains subject to regulatory clearance in multiple jurisdictions, will see ABB abandon earlier…