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Wall Street’s main indexes were subdued on Friday as investors weighed largely in-line inflation data against persistent geopolitical risks stemming from the Middle East conflict. Major indexes edged higher in early trading, with the S&P 500 up around 0.28%, the Nasdaq 100 gaining 0.43%, and the Dow Jones Industrial Average was down 40 points or… Continue reading Dow Jones slips 40 points, S&P gains as ceasefire hopes lift stocks

Shares of Sodexo plunged sharply after the French catering and facilities management group reported weaker-than-expected first-half earnings and cut its full-year guidance. The stock fell 13% to 38.42 euros in European morning trade, extending its decline to more than 12% since the start of the year. Profit and margins disappoint Sodexo reported an underlying operating… Continue reading Sodexo shares plunge 13% after earnings miss, guidance cut

A previously unidentified artificial intelligence model that recently climbed global rankings has been confirmed as a project developed by Chinese technology giant Alibaba. The revelation marks a significant development in the company’s expanding artificial intelligence ambitions. The model, named HappyHorse-1.0, surfaced on the benchmarking platform Artificial Analysis around April 7 without any official information. Despite… Continue reading What is the HappyHorse AI model everyone is talking about?

US stock futures were little changed on Friday as investors awaited a key reading on March inflation and monitored fragile diplomacy in the Middle East following recent tensions involving Iran. S&P 500 futures slipped about 0.08% in early trading, while Nasdaq 100 futures were down a similar 0.08%. Meanwhile, futures tied to the Dow Jones… Continue reading Dow futures plunge 100 points today: 5 things to know before market opens

Porsche’s global deliveries fell sharply in the first quarter, underlining the pressure facing premium carmakers as softer demand in China and the US collides with an uneven transition to electric vehicles and product changeovers across key markets. The sports-car maker handed over 60,991 vehicles in the first three months of the year, down 15% from… Continue reading Porsche deliveries plunge 15% as China weakness hits luxury demand

Taiwan Semiconductor Manufacturing Co posted stronger-than-expected first-quarter revenue, offering fresh evidence that demand tied to artificial intelligence is still powering the global chip industry even as investors look for signs of a broader slowdown in electronics. The world’s largest contract chipmaker said revenue for the first three months reached T$1.134 trillion, a gain of 35% from a… Continue reading TSMC revenue jumps 35% as AI boom keeps chip demand resilient

European stock markets were poised to open higher on Friday, extending the cautious rebound seen in Asia, though sentiment remained fragile as investors monitored strains in the truce between the US and Iran and the risk of renewed volatility in oil prices. Futures for the FTSE 100, CAC 40 and DAX pointed to gains of… Continue reading FTSE 100 futures surge as Europe eyes higher open amid Iran tensions