Universal Music shares fell on Thursday after billionaire investor Bill Ackman’s Pershing Square Capital Management sold its remaining stake in the world’s largest music company, ending a five-year investment that is expected to generate profit of at least $600 million. The disposal involved approximately 80.6 million Universal Music shares valued at more than $1.5 billion,… Continue reading Universal Music shares fall as Ackman sells $1.5B stake
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USD/JPY forecast: Japanese yen crashes as traders predict 2 BoJ rate hikes
The Japanese yen continued its downward spiral today as the US dollar crash gained steam and as economists predicted that the BoJ will hike interest rates twice this year. The USD/JPY exchange rate jumped to 159.88, its highest point since April 30th. It has now nearly completed its recovery since the BoJ intervened in April. … Continue reading USD/JPY forecast: Japanese yen crashes as traders predict 2 BoJ rate hikes
Meta’s AI push hits another delay: is META stock still a buy?
Meta Platforms is facing another delay in its artificial intelligence rollout, and investors have a familiar question: how much patience does the stock still deserve? The company’s Muse Spark developer API has reportedly been pushed back several times, with no confirmed launch date as of this week. That would be a smaller issue if Meta… Continue reading Meta’s AI push hits another delay: is META stock still a buy?
Will the Scottish Mortgage shares rise? SpaceX and Anthropic may hold the answer
Scottish Mortgage (LON: SMT) share price remained steady and broke above a key resistance level this week as investors looked ahead to the potential IPOs of SpaceX and Anthropic, two high-profile private companies in which the trust holds significant stakes. The stock climbed to a high of 1,533p, marking a gain of more than 154%… Continue reading Will the Scottish Mortgage shares rise? SpaceX and Anthropic may hold the answer
Here’s why the Pi Network Coin price has crashed to a record low
Pi Network price just crashed to a record low, continuing a downward trend that has been going on since its mainnet launch early last year. It plunged to a low of $0.1190, bringing its market capitalization to over $1.4 billion, a $18.6 billion lower than its all-time high of $20 billion. This article explores why… Continue reading Here’s why the Pi Network Coin price has crashed to a record low
Foxconn and Intel partner to develop next-generation AI infrastructure solutions
Taiwan’s Foxconn announced on Thursday a strategic collaboration with Intel to jointly develop and deploy next-generation artificial intelligence (AI) infrastructure and intelligent computing platforms. The announcement comes as Intel shares staged a recovery on Wednesday, rising 3% to $111.36 and putting the chipmaker on track to end a five-session losing streak. Foxconn and Intel expand… Continue reading Foxconn and Intel partner to develop next-generation AI infrastructure solutions
Why analysts are raising Broadcom targets despite a 14% stock plunge
Broadcom delivered the kind of quarter most companies would call a statement result, but the market wanted more. The chipmaker reported record revenue, record free cash flow and another sharp jump in artificial intelligence semiconductor sales. Yet Broadcom stock (NASDAQ: AVGO) tumbled more than 13% in extended trading after the results, as investors focused less… Continue reading Why analysts are raising Broadcom targets despite a 14% stock plunge
European shares hold steady as Middle East tensions keep investors cautious
European shares were largely steady at the open on Thursday as investors remained cautious amid ongoing developments in the Middle East. Market sentiment was also influenced by concerns surrounding the financial services sector, while company-specific updates drove notable moves in individual stocks. The pan-European STOXX 600 index edged up 0.1% to 622.17 points by 0819… Continue reading European shares hold steady as Middle East tensions keep investors cautious
RBI dollar-rupee swaps push fx hedging costs to two-month lows
Aggressive buy-sell dollar/rupee swap operations by the Reserve Bank of India over the past 10 days have pushed foreign exchange hedging costs to their lowest levels in two months, while contributing to a recovery in the rupee ahead of a closely watched monetary policy decision. One-year hedging costs have fallen sharply from a mid-May peak… Continue reading RBI dollar-rupee swaps push fx hedging costs to two-month lows