US megacap technology stocks, long the driving force behind a bull run spanning more than three years, are undergoing a sharp valuation reset as a mix of geopolitical tensions, rising yields, and questions around artificial intelligence spending weigh on sentiment. The pullback has intensified in recent weeks, with the sector already under pressure before the
Marvell Technology Inc (NASDAQ: MRVL) is inching higher after Nvidia announced a [MONEY value="2000000000" currency="usd" notation="long" replace="false"] direct investment and a strategic partnership with the custom chips specialist. MRVL pushed past its 20-day moving average (MA) today as investors reacted to this monumental vote of confidence that will see NVDA integrate the firm’s tech into
US banks are raising borrowing costs for some loans to private credit funds amid growing concerns over valuations, a shift that could pressure returns and curb new lending, according to a Reuters report. The higher pricing is showing up in back leverage facilities tied to business development companies, or BDCs, reversing a period of compressing
Global fertiliser and ammonia markets are bracing for intense pressure following the effective closure of the Strait of Hormuz, as diplomatic negotiations between the US and Iran remain deadlocked. According to Rystad Energy’s trade mapping, a potential closure could impact the trade of 15% of the world’s ammonia and 21% of urea, a type of
Gold and silver surged on Tuesday as safe-haven demand picked up, benefiting the precious metals. However, gold fell 13% in March, and was headed for its steepest monthly decline since 2008. The decline was exacerbated by rising energy prices, which raised concerns about higher inflation and elevated interest rates. In contrast, Brent crude oil was
US labour market data pointed to a cooling in demand for workers in February, even as consumer confidence showed unexpected resilience ahead of escalating geopolitical tensions linked to the Iran conflict. Figures released by the Bureau of Labor Statistics showed that job openings fell to 6.88 million in February from a revised 7.24 million in
US stocks opened higher on Monday, rebounding after sharp losses in the previous session, as investors reacted to fresh developments in the Middle East conflict and comments from Donald Trump on ongoing negotiations with Iran. The Dow Jones Industrial Average was up 333 points, or 0.74%, while the S&P 500 gained 0.63% and the Nasdaq
Egyptian President Abdel Fattah al-Sisi urged US President Donald Trump to intervene to stop the Iran war, warning that a prolonged conflict could push oil above $200 a barrel. He made the appeal Monday at the Egypt Energy Show 2026 in Cairo. “I tell President Trump: nobody can stop the war in our region in
Sysco (NYSE: SYY) is under pressure after the food distribution company announced a $29 billion acquisition of Jetro, the parent company of Restaurant Depot and a leader in the “cash and carry” wholesale segment. Investors are concerned mostly because of the massive price tag and the potential integration risks associated with such a transformative merger.
Jubilant FoodWorks said it will not renew its agreement with Dunkin’ to develop and operate the US brand’s stores in India when the current pact ends on December 31, 2026. The company said it will evaluate options for the existing stores, including a sale or transfer of franchise rights in consultation with Dunkin’. Jubilant said