Analog Devices stock price has jumped by 52% this year and by 87% in the last 12 months, beating the broader market. This rally will be put to the test on Wednesday when it releases its financial results. It may also announce the Empower announcement as soon as today. Analog Devices may acquire Empower ADI… Continue reading Analog Devices stock: earnings preview amid Empower buyout rumors
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Dow futures slip 65 points: 5 things to know before markets open
US stock index futures fell on Tuesday as weakness in semiconductor shares added to concerns over inflation, elevated bond yields and the outlook for corporate earnings. The decline came after technology shares led Wall Street lower on Monday, with investors reassessing the valuations of growth companies that have driven US benchmarks to record highs this… Continue reading Dow futures slip 65 points: 5 things to know before markets open
Blackstone bets $5 billion on Google’s secret AI chip to rival Nvidia
Blackstone is backing Google’s artificial intelligence ambitions with a major investment in a new data center venture built around Google’s in-house AI chips. The alternative-asset giant is committing an initial $5 billion in equity to a new US-based AI cloud venture with Google, with plans to bring 500 megawatts of data center capacity online by… Continue reading Blackstone bets $5 billion on Google’s secret AI chip to rival Nvidia
Sleepagotchi announces AI pivot to build intelligence layer for wellness economy
Sleepagotchi, the Solana-based health and wellness platform where 78% of users open the app within 10 minutes of waking, today announced its next chapter: the launch of its AI Sleep Coach MVP and strategic leadership transition. The company is graduating from gamified sleep-to-earn mechanics into “The Intelligence Layer for the Wellness Economy”, an AI-powered platform… Continue reading Sleepagotchi announces AI pivot to build intelligence layer for wellness economy
IG Group share price soars to all-time high — But Is It overbought?
IG Group share price has gone parabolic and hit its all-time high after the company published strong financial results and boosted its forward guidance. It soared to a record high of 1,717p, becoming the best performing company in the FTSE 100 Index. It has jumped by over 53% this year, beating the FTSE 100 Index,… Continue reading IG Group share price soars to all-time high — But Is It overbought?
Lloyds share price pops as it considers US data center financing expansion
Lloyds Bank share price rose for two consecutive days, beating some of its top rivals like NatWest and Barclays. It rose modestly as the company mapped plans to expand in the United States, as it targets the fast-growing data center business. It was trading at 96.40p, up from this month’s low of 93.30p. Lloyds Bank… Continue reading Lloyds share price pops as it considers US data center financing expansion
European stocks rise after Trump signals progress on Iran talks
European shares moved slightly higher on Tuesday after investors reacted positively to signs of easing geopolitical tensions between the United States and Iran. Markets also assessed corporate developments, including Standard Chartered’s large-scale restructuring plans tied to artificial intelligence adoption. The pan-European STOXX 600 index rose 0.2% to 611.22 points as of 0702 GMT. However, the… Continue reading European stocks rise after Trump signals progress on Iran talks
Equity allocations surge as investors bet on earnings and lower rates
Global fund managers raised their allocation to equities by the largest amount on record in May, supported by optimism surrounding corporate earnings growth and expectations that the Federal Reserve could begin cutting interest rates, according to Bank of America’s monthly survey released on Tuesday. The survey showed that investor sentiment toward equities improved significantly even… Continue reading Equity allocations surge as investors bet on earnings and lower rates
Standard Chartered to cut over 7,000 jobs as AI expands
London-headquartered Standard Chartered plans to cut more than 7,000 jobs over the next four years as the lender increases the use of artificial intelligence while pursuing higher profitability and operational efficiency. The bank said on Tuesday it would reduce 15% of its corporate function roles by 2030. The lender’s total global workforce stands at nearly… Continue reading Standard Chartered to cut over 7,000 jobs as AI expands