OpenAI-Microsoft reset may reshape AI cloud competition

OpenAI and Microsoft on Monday unveiled a revamped partnership that loosens long-standing exclusivity terms, giving the artificial intelligence startup greater commercial flexibility while preserving key elements of its collaboration with the software giant. The updated agreement allows OpenAI to distribute its products across multiple cloud providers, marking a notable shift in one of the most… Continue reading OpenAI-Microsoft reset may reshape AI cloud competition

Nvidia stock wobbly after hitting record high, but analysts see more upside

Shares of Nvidia rose in early trading on Monday, extending a breakout rally that has pushed the stock to record highs. However, at the time of writing, shares of the chip maker had given up most of those gains to trade mostly flat. Investors are looking ahead to a key week of earnings from major… Continue reading Nvidia stock wobbly after hitting record high, but analysts see more upside

Dow Jones rises 96 points as Iran tensions keep Wall Street cautious

Wall Street’s main indexes were muted on Monday, as stalled peace talks between the United States and Iran and rising oil prices kept investors cautious ahead of a crucial week for earnings and monetary policy. The S&P 500 slipped about 0.04%, while the Nasdaq Composite declined 0.28%. On the other hand, Dow Jones Industrial Average… Continue reading Dow Jones rises 96 points as Iran tensions keep Wall Street cautious

Big Tech shifts to new energy sources amid AI expansion

Big Tech is entering an intensifying race to secure reliable, long-term energy as the rapid expansion of artificial intelligence drives an unprecedented surge in data centre power demand. This is forcing companies to lock in everything from nuclear and geothermal to experimental sources such as fusion and even space-based solar. Against this backdrop, Meta Platforms… Continue reading Big Tech shifts to new energy sources amid AI expansion

Shell to buy ARC Resources for $13.6B to boost reserves, output

Shell Plc has agreed to acquire Canadian energy producer ARC Resources Ltd. in a deal valued at about $13.6 billion, as the oil major looks to strengthen its reserves base and expand production. The transaction, which also includes the assumption of roughly $2.8 billion in debt, values ARC at a premium to its recent trading… Continue reading Shell to buy ARC Resources for $13.6B to boost reserves, output

Nvidia is quietly betting 8% of its portfolio on this $10 stock

Nvidia’s (NASDAQ: NVDA) latest 13F suggests the chipmaker is making a much bigger statement with Nokia than a casual portfolio footnote. In the filing submitted in February, Nvidia disclosed five equity holdings worth $13.1 billion in total, including 166.389 million Nokia ADRs valued at $1.0765 billion. That puts Nokia at about 8.2% of Nvidia’s reported… Continue reading Nvidia is quietly betting 8% of its portfolio on this $10 stock

FTSE 100 edges higher as energy stocks offset consumer losses

London’s benchmark FTSE 100 index edged higher on Monday, supported by gains in energy and financial stocks, while losses in consumer staples and mining sectors limited broader upside. Investors remained cautious ahead of major central bank decisions expected later this week. The blue-chip FTSE 100 index rose 0.2% to 10,393.85 points by 1005 GMT. The… Continue reading FTSE 100 edges higher as energy stocks offset consumer losses

Domino’s stock falls as sales miss signals consumer strain

Domino’s Pizza reported weaker-than-expected same-store sales for the first quarter, highlighting the growing strain on discretionary spending as inflation and economic uncertainty weigh on consumers. Shares of the company fell nearly 4% in premarket trading after US same-store sales rose just 0.9%, missing analysts’ expectations of a 2.72% increase, according to LSEG data. Internationally, same-store… Continue reading Domino’s stock falls as sales miss signals consumer strain

Coca-Cola earnings preview: revenue seen rebounding, defense holds

Coca-Cola is scheduled to report its quarterly results on Tuesday before the market opens, with investors closely watching whether the beverage giant can sustain its pricing-led growth strategy while navigating a more challenging consumer environment. The company enters the earnings release following a weaker-than-expected previous quarter, where it posted revenue of $11.8 billion marking a… Continue reading Coca-Cola earnings preview: revenue seen rebounding, defense holds