A federal jury’s emphatic rejection of Elon Musk’s claims against Sam Altman and OpenAI cleared a major legal obstacle for the ChatGPT maker’s ambitious plans to become a trillion-dollar public company, but not without exposing deep tensions at the heart of the artificial intelligence boom. The closely watched trial laid bare bitter power struggles inside
Plug Power, a company that was on the verge of bankruptcy, has staged a strong comeback this year and is beating the broader market. It has jumped by 51% this year and by over 330% in the last 12 months. This surge has brought its market cap to over $5.3 billion, even as the short
Income-focused investors are in a real dilemma as government bond yields surge amid the rising inflation rate in the United States. Do they invest in the blue-chip Schwab US Dividend Equity ETF (SCHD) or invest in the higher-yielding JPMorgan Premium Income ETF (JEPI). JEPI, SCHD, and 10-year government bonds Bond investors argue that yields are
Software stocks rallied sharply on Tuesday, extending a rebound in a sector that had come under intense pressure this year amid concerns that artificial-intelligence agents could threaten traditional enterprise software providers. In US, shares of enterprise software companies moved broadly higher, with ServiceNow (NOW) leading gains after a strong rally in the previous session. The
Ronin (RON) has surged sharply over the past 24 hours, climbing 35.8% to $0.1233 and outperforming a largely flat crypto market. The rally pushed the token to an intraday high of $0.1365 from a low of $0.08542. Ronin price chart | Source: Coingecko The move came alongside a massive increase in trading activity, with 24-hour
India’s power demand has surged to fresh records this week as a brutal heatwave grips much of the country, pushing electricity consumption to levels never seen before. Bloomberg reported that peak demand hit 260.45 gigawatts (GW) on Tuesday, May 19, surpassing the previous day’s record of 257.4 GW. The back‑to‑back milestones highlight both the intensity
The International Monetary Fund (IMF) raised its growth forecast for the UK economy on Monday but warned that growing domestic uncertainty and political instability could weigh on spending and investment. In its annual assessment of the British economy, the IMF said the UK economy would grow by 1.0% this year. The revised estimate marked an
The British pound rose on Monday but remained close to its lowest level since early April, as investors weighed growing inflation concerns linked to rising energy prices against deepening political uncertainty in the UK. Sterling climbed 0.4% to $1.337 during the session after earlier falling as much as 0.15% to $1.3304, its weakest level since
Strategy (previously known as Microstrategy) MSTR, the bitcoin treasury company led by executive chairman Michael Saylor, disclosed Monday that it acquired an additional 24,869 bitcoin for approximately $2.01 billion between May 11 and May 17. According to an 8-K filing with the Securities and Exchange Commission, the company purchased the bitcoin at an average price
Government bond markets from Tokyo to New York extended losses on Monday as surging energy prices linked to the prolonged Iran war reignited fears of persistent inflation and forced investors to reassess expectations for global interest rates. The selloff pushed borrowing costs sharply higher across major economies, with investors increasingly worried that central banks may