Shares of Walmart (WMT) fell on Thursday after the retail giant reported quarterly results that met earnings expectations but issued a softer-than-expected profit outlook for the current quarter, disappointing investors despite continued sales growth and strong e-commerce momentum. The company said rising fuel prices are beginning to alter consumer spending patterns, pushing more budget-conscious shoppers
Neocloud companies are reporting some of the best financial results this year as the artificial intelligence boom accelerates. Despite this, Wall Street traders are betting against some of the top names in the industry, like CoreWeave, Nebius, and IREN. CoreWeave, Nebius, and IREN short interest is rising Data shows that the short interest of some
The International Monetary Fund warned on Thursday that France faces growing public finance risks as efforts to tighten the budget continue to lag while debt levels remain elevated. Following its annual staff visit to the country, the IMF said France’s public budget deficit narrowed to 5.1% of gross domestic product in 2025. However, the fund
Precious metals have always been a barometer of global unease. Wars, sanctions, currency crises, and confidence shocks have been moving silver and gold for as long as records exist, and the pattern has not broken down in the modern era. Anyone who pays attention to the price of silver today on a live chart, such
US stock indices moved lower on Thursday as rising oil prices and higher Treasury yields renewed concerns about inflation and geopolitical tensions, while investors evaluated whether Nvidia delivered enough upside to justify its elevated valuation after another strong earnings report. The S&P 500 fell 0.48%, while the Nasdaq Composite declined 0.56%. The Dow Jones Industrial
Blockchain.com has confidentially filed for an initial public offering in the United States, the cryptocurrency exchange said on Thursday, marking another potential public market debut from the digital asset sector. Confidential filings with the US securities regulator allow companies to prepare for initial public offerings away from public market scrutiny. The process enables firms to
Oil prices surged more than 3% on Thursday after Iran’s supreme leader ordered that enriched uranium must remain inside the country, a move seen as complicating fragile peace talks with the US. The directive heightened geopolitical uncertainty, keeping crude markets volatile as supply disruptions through the Strait of Hormuz persist. Prices jump on nuclear standoff
UK shares traded slightly higher on Wednesday after softer-than-expected inflation data for April eased investor concerns over aggressive interest rate hikes, although some analysts warned the relief may prove temporary. The blue-chip FTSE 100 gained 0.13% by 10:40 am GMT, while the midcap FTSE 250 rose 0.29%. The gains came after fresh data showed consumer
Semiconductor stocks advanced in premarket trading on Wednesday as investors positioned for Nvidia’s closely watched first-quarter earnings report, with Intel leading gains after snapping a sharp five-day losing streak. Intel (INTC) shares rose more than 4% before the opening bell, following a 2.4% gain on Tuesday that ended a five-session slide during which the shares
European banks are accelerating efforts to build a regional alternative to US-dominated digital payment systems, with 25 additional lenders joining a consortium preparing to launch a euro-pegged cryptocurrency later this year. The consortium, which established an Amsterdam-based company named Qivalis last year, said on Wednesday that its membership has expanded to 37 financial institutions from