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UK equities were largely unchanged on Friday as the cancellation of US-Iran peace talks in Switzerland dampened investor sentiment and kept risk appetite subdued. Gains in energy and healthcare stocks, however, helped limit broader market losses. The benchmark FTSE 100 index slipped 5.40 points, or 0.05%, to 10,394.30 by 0948 GMT. The domestically focused FTSE… Continue reading UK markets cautious as political and geopolitical risks mount

Investors are turning their attention to Micron Technology’s upcoming earnings report for clues on whether the artificial intelligence-driven rally in the US stocks can sustain its momentum. While major US stock indexes remain close to record highs despite a sharp mid-week selloff, markets have continued to draw support from strong corporate earnings linked to the… Continue reading Micron earnings to test AI chip demand as investors eye market rally

Hyundai Motor Group is moving closer to full control of Boston Dynamics, with plans to buy SoftBank Group’s remaining 9.65% stake in the US robotics company for $325 million, according to South Korea’s Maeil Business Newspaper. Hyundai’s board is expected to meet on June 22 to approve the purchase, the report said, citing unnamed industry… Continue reading Hyundai nears full control of Boston Dynamics in $325M SoftBank deal

Indian IT shares fell sharply on Friday after Accenture’s weaker outlook revived concerns that global technology spending remains fragile despite strong investor enthusiasm around artificial intelligence. The Nifty IT index dropped as much as 5.8%, making it one of the worst-performing sector gauges in Mumbai, after Accenture lowered the upper end of its annual revenue… Continue reading TCS, Infosys lead Indian IT rout as Accenture sparks demand fears

Asian stocks advanced on Friday, with Japan and South Korea setting fresh records, as the reopening of the Strait of Hormuz pulled oil prices lower and gave investors a stronger disinflation story to trade. The rally was not risk-free. The dollar hovered near a 13-month high after the Federal Reserve’s hawkish shift, pushing the yen… Continue reading Nikkei, Kospi scale records as cheaper oil lifts Asia market rally

Despite the recent pullback, SpaceX (SPCX) stock continues to trade well above its IPO price of $135, leaving cautious investors wary of buying at current levels. For them, a key question is: how to capture the multi-billion-dollar secular expansion of the orbital economy without absorbing excessive single-stock risk. And the answer may lie in tapping… Continue reading ARK has a better investment vehicle for space exposure than SpaceX stock

US stocks rebounded on Thursday, with semiconductor shares leading the advance as investors looked past the previous session’s Federal Reserve-driven selloff and welcomed easing oil prices and encouraging economic data. The Dow Jones Industrial Average added 72.15 points, or 0.14%, to end at 51,564.70. The S&P 500 rose 1.08% to close at 7,500.58, while the… Continue reading Dow ends higher as chip stocks rally and Fed rate-hike fears ease

SpaceX shares fell sharply on Thursday as investors reassessed the company’s lofty valuation following its blockbuster market debut. Investors also weighed reports of a potential multibillion-dollar debt offering to support the company’s ambitious artificial intelligence expansion plans. Shares of Elon Musk’s rockets-to-AI company declined 3% to $184.81 in trading, recovering from earlier losses in the… Continue reading SpaceX stock falls 3% as IPO euphoria cools amid AI expansion costs

Enphase Energy shares rose sharply on Thursday after Barclays upgraded the solar technology company, citing its potential entry into the rapidly expanding artificial intelligence data center market. Investor sentiment was also supported by the company’s launch of a new commercial microinverter product in the United States. ENPH tock gained about 8% in trading, snapping a… Continue reading Enphase stock jumps on data center AI opportunity and new product launch