BT Group share price rose by over 3% after the company reached a new £200 million deal with Northern Ireland Electricity Networks (NIE). It jumped to 206p, up slightly from this week’s low of 198p. It has formed the bullish cup-and-handle pattern, pointing to a rebound this year. BT Group reaches major deal with NIE… Continue reading BT share price cup & handle pattern forms: will it jump to 250?
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RCB sold for $1.78B in India’s blockbuster IPL franchise deal
Royal Challengers Bengaluru, one of the most-loved cricket teams in the Indian Premier League (IPL), has a new owner. In a landmark transaction that values the IPL franchise at $1.78 billion, RCB was sold to a consortium led by the Aditya Birla Group, and include sports investor David Blitzer and private equity firm Blackstone. The… Continue reading RCB sold for $1.78B in India’s blockbuster IPL franchise deal
Why is OpenAI shutting down Sora just months after launch?
OpenAI is closing down its video generation platform Sora just months after its launch, marking a sharp shift in priorities at the company behind ChatGPT. The move comes as OpenAI pivots away from consumer-facing video tools and towards longer-term bets such as robotics and enterprise-focused artificial intelligence. The decision was communicated internally by CEO Sam… Continue reading Why is OpenAI shutting down Sora just months after launch?
Here’s why South Korea’s KOSPI Index is rising and what next
The KOSPI Composite Index jumped by over 1.7% on Wednesday as global stocks continued their recovery amid optimism that the Iran war will end soon. It jumped to KRW 5,653, up modestly from the weekend low of KRW 5,400. Will these gains continue? South Korean stocks jump amid war optimism The KOSPI Composite Index, which… Continue reading Here’s why South Korea’s KOSPI Index is rising and what next
Nikkei 225 Index is pumping today: Here’s why gains may be short-lived
Japan stocks rebounded on Wednesday, joining other global equities. The Nikkei 225 Index jumped by 2.6%, up by 5.5% from its lowest level this week. So, will these gains continue? Nikkei 225 Index rally faces major risk The Nikkei Index jumped, mirroring the performance of American futures, with those tied to the Dow Jones and… Continue reading Nikkei 225 Index is pumping today: Here’s why gains may be short-lived
S&P 500, Dow Jones dip as Iran tensions cloud outlook
US equities pulled back on Tuesday, giving up part of the previous session’s gains as rising oil prices and uncertainty around the ongoing Iran conflict weighed on investor sentiment. Markets struggled to find direction amid conflicting signals on diplomacy and escalating geopolitical risks, while higher Treasury yields added further pressure. The S&P 500 fell 0.37%… Continue reading S&P 500, Dow Jones dip as Iran tensions cloud outlook
Evening digest: Bitcoin dips, Jamie Dimon warns on AI job risks
On Tuesday, Bitcoin saw a pullback while crypto-related stocks saw a decline. Arm announced a move to in-house AI chip production while Jamie Dimon warned about AI-driven job losses in the US. Bitcoin slips amid risk-off sentiment Bitcoin drifted lower on Tuesday, slipping back toward the $69,000 level as broader weakness in equities spilled over… Continue reading Evening digest: Bitcoin dips, Jamie Dimon warns on AI job risks
ImmunityBio stock price crash: buy the dip or sell the rip?
ImmunityBio Inc (NASDAQ: IBRX) is under immense pressure on March 24 after the US Food and Drug Administration (FDA) issued a scathing warning letter over the firm’s promotional tactics. Investors bailed on IBRX as regulators alleged the company and its billionaire founder, Dr. Patrick Soon-Shiong, used a TV ad and a high-profile podcast to make… Continue reading ImmunityBio stock price crash: buy the dip or sell the rip?
Arm pivots to chipmaking with AI chip launch: what this could mean for ARM
Arm Holdings on Tuesday announced plans to design and sell its first in-house silicon product, marking a significant shift from its decades-long business model centred on licensing chip designs. The new processor, called the AGI CPU, is aimed at powering artificial intelligence workloads in data centres and is expected to open up a multi-billion-dollar revenue… Continue reading Arm pivots to chipmaking with AI chip launch: what this could mean for ARM