What is the HappyHorse AI model everyone is talking about?

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?

Dow futures plunge 100 points today: 5 things to know before market opens

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 deliveries plunge 15% as China weakness hits luxury demand

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

TSMC revenue jumps 35% as AI boom keeps chip demand resilient

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

FTSE 100 futures surge as Europe eyes higher open amid Iran tensions

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

What’s driving Fast Retailing stock to record highs today?

Fast Retailing stock surged to a record high after the earnings upgrade, rising as much as 9.3% to 73,740 yen on Friday and briefly touching 74,220 yen. The move made it the top performer on Japan’s Nikkei 225 index on Friday. After delivering a stronger-than-expected second quarter, the company raised its full-year profit forecast and… Continue reading What’s driving Fast Retailing stock to record highs today?

Why TCS stock is plunging despite earnings beat strong deal wins?

Shares of Tata Consultancy Services fell on Friday after India’s largest software exporter posted a rare decline in annual revenue, overshadowing better-than-expected quarterly numbers and strong deal wins. The stock dropped about 3% in early trade as investors focused less on the latest quarter and more on the broader message from the results. The recovery in technology… Continue reading Why TCS stock is plunging despite earnings beat strong deal wins?

Kospi and Nikkei 225 edge higher as oil, Fed fears cap Asia rally

Asian stocks edged higher on Friday, drawing some support from Wall Street’s overnight advance, but gains were restrained as investors weighed a fragile Middle East ceasefire, firmer oil prices and a further push-out in expectations for the first Federal Reserve interest-rate cut. The tone across the region was one of caution rather than conviction, with… Continue reading Kospi and Nikkei 225 edge higher as oil, Fed fears cap Asia rally

Dow Jones gains 275 points as ceasefire hopes lift stocks

US stocks advanced on Thursday, extending their recent rally as investors grew more optimistic about a potential de-escalation in the Middle East conflict, even as oil prices remained elevated and concerns over supply disruptions persisted. All three major indexes ended higher after recovering from early session weakness, supported by signs of diplomatic progress and renewed… Continue reading Dow Jones gains 275 points as ceasefire hopes lift stocks