Anthropic in talks with Blackstone, PE firms for AI venture: report

Artificial intelligence startup Anthropic is in discussions with private equity firms including Blackstone and Hellman & Friedman about forming a joint venture aimed at expanding the commercial adoption of its technology, according to a report by The Information. The proposed partnership would focus on deploying Anthropic’s AI tools across companies owned or backed by the… Continue reading Anthropic in talks with Blackstone, PE firms for AI venture: report

Morning brief: Asian markets fall, US launches new trade probe

Global markets opened Thursday under pressure as rising geopolitical tensions in the Middle East sent oil prices surging above $100 a barrel and triggered a sell-off across Asian equities. The spike in energy costs has revived fears of inflation and tighter monetary policy, while fresh trade developments and movements in digital assets added further uncertainty… Continue reading Morning brief: Asian markets fall, US launches new trade probe

Here’s how long an oil shock-driven bear market lasts on average

With the US oil prices printing a new high of nearly $120 before retreating this week, Wall Street is on high alert. The escalating US-Iran war has sparked fears that a spike in energy prices will trigger a significant stock market correction or even a full-blown bear market. As investors weigh the risk of a… Continue reading Here’s how long an oil shock-driven bear market lasts on average

Nikkei 225 Index dips as Brent crude oil price jumps to $100

The Nikkei 225 Index slipped by over 2.2% on Thursday morning as the crisis in energy accelerated. The index, which tracks the top companies in Japan, dropped to ¥53,855, down by 10% from the all-time high. Japan stocks crash as crude oil prices surge  The Nikkei 225 Index remained on edge as energy prices continued… Continue reading Nikkei 225 Index dips as Brent crude oil price jumps to $100

US stocks close mixed as Dow drops 289 points despite tech resilience

US stocks closed mixed on Wednesday as investors navigated rising geopolitical tensions and higher Treasury yields. The Dow Jones Industrial Average fell 289 points to 47,417.21, while the S&P 500 slipped 0.08% to 6,775.75. The Nasdaq Composite bucked the broader weakness, edging up 0.08% to 22,716.14, supported by resilience in technology shares. Oil climbs despite… Continue reading US stocks close mixed as Dow drops 289 points despite tech resilience

Why Micron stock is soaring nearly 5% today?

Micron stock (NASDAQ: MU) surged nearly 5% on Wednesday as investors digested a fresh round of analyst upgrades. The fresh rally came in the backdrop of the artificial intelligence sector pulling demand in one direction, and the evidence shows that it is not slowing down. Micron’s rally on Wednesday was driven by multiple catalysts, including… Continue reading Why Micron stock is soaring nearly 5% today?

Musk unveils Tesla-xAI project ‘Macrohard’ to emulate software companies

Elon Musk on Wednesday unveiled a new artificial intelligence project developed jointly by Tesla and the startup xAI that he said could emulate the functions of software companies. In a post on social media platform X, Musk described the project as “Macrohard” or “Digital Optimus,” a system that pairs xAI’s Grok large language model with… Continue reading Musk unveils Tesla-xAI project ‘Macrohard’ to emulate software companies

Cramer trashes Campbell stock: ‘not a great American company anymore’

Famed investor Jim Cramer says it’s hard to see Campbell’s (NASDAQ: CPB) Q2 earnings release and believe it’s still the great American company it once was. On Wednesday, the canned food specialist posted 51 cents a share of earnings on a 5% sales decline to $2.56 billion – both below consensus. Compounding the pain, its… Continue reading Cramer trashes Campbell stock: ‘not a great American company anymore’