The Nasdaq Composite climbed 0.65% on Friday to 23,365.69, stretching its rally to a fifth straight session even as the index closed November down around 2%. The S&P 500 rose 0.54% to 6,849.09, and the Dow Jones Industrial Average gained 289.30 points, finishing at 47,716.42 during the post-Thanksgiving half-day. Why traders are pricing in a
A big tech bounce, rising geopolitical tensions, and fresh economic momentum shaped the day’s headlines. Intel led markets higher after hopes grew that it could soon win Apple’s chip business, while China pressed the UK to reaffirm its stance on Taiwan amid regional frictions. India delivered another blowout growth print, reinforcing its status as the
CoinShares has abruptly withdrawn registration filings for its XRP, Solana-staking, and Litecoin ETFs, yanking three altcoin products just as it gears up for a highly anticipated Nasdaq listing through a $1.2 billion SPAC deal. The move, paired with the wind-down of a leveraged Bitcoin-futures ETF, shines a light on how fast US crypto-ETF consolidation is
Tesla trades just shy of a $1.3 trillion market cap. And with shareholders now greenlighting an eye-popping pay package for Elon Musk, a central question looms larger than ever: how much of that market value is anchored in Tesla’s business fundamentals, and how much is simply the “Musk premium”? With voices from Wall Street to
Digital Connexion, the joint venture between Reliance Industries Ltd., Brookfield Asset Management Ltd., and Digital Realty Trust Inc., has announced a significant expansion into India’s fast-growing data center industry. The company signed an agreement to invest $11 billion by 2030 to build a large-scale data center campus in Visakhapatnam, Andhra Pradesh, a move that underscores
MediaTek Inc. shares are on track for their strongest weekly performance in more than two decades, driven by renewed investor confidence following advances in artificial intelligence technology at key customer Google. The rally underscores shifting expectations for the Taiwanese chipmaker, long reliant on smartphones, as it gains exposure to the fast-expanding AI hardware market. Best
US financial services firm StoneX Group is set to significantly expand its footprint in the burgeoning Indian market with a two-pronged strategy focused on both financial services and technological capability. The company plans to launch a dedicated precious metals trading desk in India in early 2026, marking a major commitment to servicing the country’s substantial
Baidu is expanding its artificial intelligence chip strategy as China accelerates efforts to reduce its reliance on Nvidia technology. The country’s tech giants continue to report strong demand for AI computing, but access to advanced chips has tightened due to export restrictions and global shortages. This environment has pushed Chinese platforms to build domestic hardware
China’s Baidu has begun large-scale layoffs that could reshape its workforce structure, as the company faces intensifying competition in artificial intelligence and shrinking advertising revenue, six people with knowledge of the matter said, Reuters reported. The reductions, which started this week, are expected to continue until the end of the year, marking one of the
OpenAI’s rapidly growing infrastructure requirements are driving a surge of borrowing among its partners, pushing total debt tied to the company close to $100 billion, reported Financial Times. The arrangement allows the artificial intelligence group to scale its computing capacity without assuming equivalent financial liabilities itself — a circular funding structure that is drawing heightened