The UK’s blue-chip index advanced on Tuesday, supported by gains in mining-related shares as base metal prices strengthened, while energy stocks came under pressure following a decline in crude oil. Broader sentiment was also influenced by geopolitical developments, including renewed expectations of progress in US–Iran talks. The FTSE 100 rose 0.4% to 10,377.4 points by
The season of the mega IPOs is gathering momentum. Just days before SpaceX is expected to begin trading publicly, Anthropic, the artificial intelligence company behind Claude, confidentially filed for an initial public offering, officially taking its place on the starting line of what could become the largest IPO cycle in modern market history. The company
India is set to launch a producer price index series this month, alongside a revised wholesale price index with a new base year, marking a significant change in the way the country tracks price movements at the producer level, a government official said on Tuesday. The development represents a structural shift in India’s statistical system
US stocks opened lower on Tuesday as investors assessed fresh record highs on Wall Street, monitored developments in US-Iran negotiations, and reacted to major announcements from technology companies tied to the artificial intelligence boom. The Dow Jones Industrial Average fell 45 points, or 0.1%. The S&P 500 slipped 0.13%, while the Nasdaq Composite declined 0.26%.
Planet Labs (NYSE: PL) stock has been firing on all cylinders and has continued to beat most companies in the space industry. It has jumped by 695% in the last 12 months and by 135% this year. In contrast, the Procure Space ETF (UFO) has soared by 51% this year and 150% in the last
Broadcom’s stock surged more than 4% in trading on Tuesday as investors reacted positively to several developments tied to the artificial intelligence sector. Market sentiment was boosted by Alphabet’s plans to raise funds for AI infrastructure, Nvidia CEO Jensen Huang’s prediction that Marvell could become the “next trillion-dollar company,” and Anthropic’s recent IPO filing. The
The US labour market showed renewed signs of strength in April, with job openings unexpectedly surging to their highest level in nearly two years, even as businesses grappled with higher energy costs and broader economic uncertainty. Data released Tuesday by the US Bureau of Labor Statistics showed that the number of available jobs climbed to
Alphabet shares (GOOGL) fell in trading after the Google parent unveiled plans to raise $80 billion through a massive equity offering, underscoring the growing financial demands of the artificial intelligence race. The stock dropped about 1.6% on Tuesday. The move came despite strong investor enthusiasm for Alphabet shares, which had gained more than 20% year-to-date
Bank of England Governor Andrew Bailey has signalled growing concern about public-sector wage growth as a potential source of inflation pressure, saying policymakers are paying closer attention as pay increases continue to outpace those in the private sector. In remarks published by the Financial Times on Monday, Bailey said the widening gap between public- and
Dell Technologies DELL shares extended their rally on Monday after the company unveiled its most affordable XPS laptop yet, adding fresh momentum to a stock already boosted by record earnings and growing demand for artificial intelligence infrastructure. The company introduced the new XPS 13 on Sunday, positioning it directly against Apple’s MacBook Neo in the