Close Brothers stock jump 23% as $430M redress eases fears

Close Brothers stock surged on Wednesday after the specialist lender said the expected cost of the UK motor finance redress scheme would be broadly in line with money it had already set aside, easing investor concern after a recent short-seller attack. The stock rose as much as 23% in early trading, with mid-morning gains still… Continue reading Close Brothers stock jump 23% as $430M redress eases fears

Shell, BP, TotalEnergies fall as oil slumps on Iran ceasefire

European oil and gas shares fell sharply on Wednesday after the United States and Iran agreed to a two-week ceasefire, sending crude prices lower and prompting investors to unwind positions in a sector that had surged on fears of prolonged supply disruption. The region’s oil and gas index dropped 4.3%, putting it on course for… Continue reading Shell, BP, TotalEnergies fall as oil slumps on Iran ceasefire

This Nvidia-backed stock is down 42% this year: should you buy?

CoreWeave stock (NASDAQ: CRWV) has become one of the more closely watched trades in the AI boom. The company sits in a sweet spot of the market, renting out access to Nvidia-powered computing infrastructure as demand for AI training and inference keeps rising. But the same story that made investors excited is also what is… Continue reading This Nvidia-backed stock is down 42% this year: should you buy?

Asia chip stocks jump as US-Iran truce reopens Hormuz

Asian technology and semiconductor shares rose on Wednesday as hopes of a ceasefire between the US and Iran, along with a possible reopening of the Strait of Hormuz. The move reflected a broader relief trade after President Donald Trump said he would delay any military action against Iran, while negotiations continued over conditions tied to… Continue reading Asia chip stocks jump as US-Iran truce reopens Hormuz

Why Anthropic is teaming up with Nvidia, Microsoft on cybersecurity

As the artificial intelligence space keeps growing into a larger behemoth every day, the giants are preparing for the next steps. Anthropic is making an alliance with Nvidia, Microsoft and many other technology giants to deal with the next wave of AI systems, which may become powerful enough to reshape cyber defences. Under a new… Continue reading Why Anthropic is teaming up with Nvidia, Microsoft on cybersecurity

Mideast conflict splits power markets; Japan, Korea most exposed

The Middle East conflict is fracturing global power markets, driving dramatically different outcomes worldwide based largely on each region’s generation mix and reliance on fuel imports. “Asia spot LNG prices have surged 94% and coal prices have increased 17-31% since the conflict began, yet the impact on electricity systems worldwide varies substantially,” analysts at Wood Mackenzie said in the… Continue reading Mideast conflict splits power markets; Japan, Korea most exposed

FTSE 100 futures jump 230 points as Europe set for higher open

European markets were poised to open higher on Wednesday after the United States and Iran agreed to a conditional ceasefire, easing fears of an immediate escalation in the Middle East and sending oil prices sharply lower. Futures indicators pointed to broad gains across the region, reflecting a global relief rally as investors reacted to signs… Continue reading FTSE 100 futures jump 230 points as Europe set for higher open

SK Hynix surges 15% as Samsung’s blowout profit lifts chip sector

South Korea’s SK Hynix climbed on Wednesday after Samsung Electronics flagged a stronger-than-expected first-quarter profit. The figure reinforced investor optimism that artificial intelligence spending will continue to support demand for memory chips even as supply remains tight. Shares of SK Hynix, South Korea’s No. 2 memory chipmaker, rose as much as 15% to 1,050,000 won,… Continue reading SK Hynix surges 15% as Samsung’s blowout profit lifts chip sector

Dow Jones slips as Trump Iran deadline looms; S&P, Nasdaq edge up

US stocks ended mixed on Tuesday as investors navigated heightened geopolitical uncertainty tied to President Donald Trump’s deadline for Iran to reopen the Strait of Hormuz, with late-session optimism helping broader markets recover from earlier losses. The Dow Jones Industrial Average fell 85.42 points, or 0.18%, to close at 46,584.46. Meanwhile, the S&P 500 rose… Continue reading Dow Jones slips as Trump Iran deadline looms; S&P, Nasdaq edge up