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Semiconductor stocks declined sharply on Tuesday, with Nvidia and its peers coming under pressure after fresh concerns emerged about the financial trajectory of OpenAI. Nvidia shares fell about 1.5% in trading, reversing some of the previous session’s gains when the stock closed at a record high after rising 4%. The chipmaker had recently broken out… Continue reading Nvidia stock slides as OpenAI fears spark selloff in chip stocks

US stocks opened lower on Tuesday, led by weakness in technology shares, as investors reassessed whether the artificial intelligence boom can sustain its momentum. The tech-heavy Nasdaq Composite fell more than 1.15%, while the S&P 500 dropped around 0.54%. In contrast, the Dow Jones Industrial Average edged higher by 110 points or 0.23%, supported by… Continue reading Dow rises 110 points as Nasdaq slides on AI fears, oil surge weighs

The CEO of Norway’s $2.2 trillion sovereign wealth fund has urged companies to adopt artificial intelligence (AI) in a way that benefits society broadly, cautioning against using the technology primarily to cut jobs. Speaking on Tuesday to Reuters, Nicolai Tangen warned that layoffs linked to AI adoption could spark a backlash, particularly as companies globally… Continue reading Norway wealth fund chief warns on AI job-cut backlash

Corning reported better-than-expected first-quarter results but issued a softer revenue outlook for the current quarter, weighing on investor sentiment and halting a recent rally in optical communications stocks. The company posted adjusted earnings of 70 cents per share for the quarter, edging past analysts’ estimate of 69 cents, according to FactSet. Core sales rose 18%… Continue reading Corning stock falls as Q2 revenue forecast misses Street estimates

The consumer goods giants that built empires on household staples are struggling to justify their valuations. At the time of writing, Nestlé has shed nearly a quarter of its market value over the past five years. PepsiCo is up just 6.9%. Procter & Gamble, 11.2%. Colgate-Palmolive, 4.3%. Only Coca-Cola, with a near 40% gain, has… Continue reading FMCG giants Nestle, P&G, Colgate have lost their shine: what next

The UK’s benchmark FTSE 100 index edged higher on Tuesday, supported by a strong rally in energy stocks after BP reported better-than-expected first-quarter earnings. The gains put the index on track to end a six-day losing streak, even as geopolitical tensions continued to weigh on sentiment. The FTSE 100 rose 0.4% to 10,367.61 points by… Continue reading FTSE 100 gains on BP results despite geopolitical tensions

Shares of The Coca-Cola Company rose over 3% in premarket trading on Tuesday after the beverage giant reported stronger-than-expected first-quarter results and raised its full-year profit forecast, supported by steady demand for its higher-priced drinks. The company also maintained its organic revenue growth outlook for 2026, signalling confidence in its pricing strategy and product mix… Continue reading Coca-Cola stock jumps 3% after earnings beat estimates

Shares of United Parcel Service fell about 3% in premarket trading on Tuesday after the parcel delivery giant reported lower profit and revenue for the first quarter, even as it signalled a return to growth in the coming months. The results, however, exceeded Wall Street expectations on both the top and bottom lines, suggesting that… Continue reading UPS stock declines as Q1 profit falls, growth rebound expected

US stock index futures edged lower on Tuesday as investors turned cautious ahead of the opening bell, with the stand-off between Washington and Tehran keeping oil prices elevated and limiting appetite for risk. The move suggested traders were reluctant to extend recent gains while the prospect of a broader conflict continued to hang over markets.… Continue reading Dow futures climb 117 points: 5 things to know before market opens