The European Union has announced an €11.5 billion investment plan for South Africa, targeting renewable energy, transport, and healthcare projects as part of its broader strategy to secure critical minerals and strengthen supply chains. The new commitment deepens Europe’s push to reduce its dependency on imports from China while reinforcing economic partnerships with Africa’s most
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The European Union has announced an €11.5 billion investment plan for South Africa, targeting renewable energy, transport, and healthcare projects as part of its broader strategy to secure critical minerals and strengthen supply chains. The new commitment deepens Europe’s push to reduce its dependency on imports from China while reinforcing economic partnerships with Africa’s most
4KAlphabet Inc.’s Google has become the first company in the UK to be formally designated with “strategic market status” (SMS) by the Competition and Markets Authority (CMA). The new designation gives the regulator powers to monitor and control how Google operates its online search and advertising businesses, marking a major shift in how Big Tech
Alphabet Inc.’s Google has become the first company in the UK to be formally designated with “strategic market status” (SMS) by the Competition and Markets Authority (CMA). The new designation gives the regulator powers to monitor and control how Google operates its online search and advertising businesses, marking a major shift in how Big Tech
1.6KApplied Digital (NASDAQ: APLD) rallied more than 20% this morning after posting blockbuster financials for its first quarter that came in well above Street estimates. The artificial intelligence (AI) infrastructure firm posted $64.2 million in revenue, well above $45 million that analysts had forecast, and a narrower-than-expected adjusted loss of only 3 cents for its
Applied Digital (NASDAQ: APLD) rallied more than 20% this morning after posting blockbuster financials for its first quarter that came in well above Street estimates. The artificial intelligence (AI) infrastructure firm posted $64.2 million in revenue, well above $45 million that analysts had forecast, and a narrower-than-expected adjusted loss of only 3 cents for its
3.6KDow futures edged higher on Friday as investors displayed cautious optimism in the backdrop of the US government shutdown entering its tenth day. Extra focus is expected to be poured on the University of Michigan’s consumer sentiment report, which is set to release on Friday, as investors look for an economic anchor amid data scarcity
Dow futures edged higher on Friday as investors displayed cautious optimism in the backdrop of the US government shutdown entering its tenth day. Extra focus is expected to be poured on the University of Michigan’s consumer sentiment report, which is set to release on Friday, as investors look for an economic anchor amid data scarcity
2.1KQualcomm stock (NASDAQ: QCOM) took a hit in premarket trading on Friday after China’s antitrust watchdog, the State Administration for Market Regulation (SAMR), announced it is opening an investigation into the company’s acquisition of Israeli chipmaker Autotalks. The probe will look into whether Qualcomm “failed to properly disclose some details” during the deal. Investors reacted
Qualcomm stock (NASDAQ: QCOM) took a hit in premarket trading on Friday after China’s antitrust watchdog, the State Administration for Market Regulation (SAMR), announced it is opening an investigation into the company’s acquisition of Israeli chipmaker Autotalks. The probe will look into whether Qualcomm “failed to properly disclose some details” during the deal. Investors reacted
2.6KIndian households own approximately $3.8 billion worth of gold, which is 88.8% of the country’s GDP, according to a Morgan Stanley research report. In terms of volume, Indian households hold 34,600 tons of gold as of June, Morgan Stanley said in the report. “This implies a positive wealth effect on the household balance sheet, given
Indian households own approximately $3.8 billion worth of gold, which is 88.8% of the country’s GDP, according to a Morgan Stanley research report. In terms of volume, Indian households hold 34,600 tons of gold as of June, Morgan Stanley said in the report. “This implies a positive wealth effect on the household balance sheet, given
1.2KTesla’s factory in Shanghai recorded higher shipments in September, marking a strategic turn for the company in the world’s most competitive electric vehicle market. The rebound comes as China’s auto industry enters its busiest season, with major manufacturers vying to meet year-end targets while navigating government warnings against excessive price cuts. Bloomberg reports that according
Tesla’s factory in Shanghai recorded higher shipments in September, marking a strategic turn for the company in the world’s most competitive electric vehicle market. The rebound comes as China’s auto industry enters its busiest season, with major manufacturers vying to meet year-end targets while navigating government warnings against excessive price cuts. Bloomberg reports that according
4.8KThe Dow Jones Index has pulled back in the past few days as the recent bull run faded. It pulled back to a low of $46,350, and a risky pattern it has formed points to more downside in the coming weeks as the earnings season starts. Dow Jones Index technical analysis points to a crash
The Dow Jones Index has pulled back in the past few days as the recent bull run faded. It pulled back to a low of $46,350, and a risky pattern it has formed points to more downside in the coming weeks as the earnings season starts. Dow Jones Index technical analysis points to a crash
1.8KCiti analyst Tyler Radke remains optimistic on Oracle Corp. (NYSE: ORCL) despite recent volatility in the stock. In a new note to clients, Radke raised his price target to $415 per share, up from $395 previously, implying an upside of nearly 40% from current levels. He also reiterated his buy rating, signaling continued confidence in
Citi analyst Tyler Radke remains optimistic on Oracle Corp. (NYSE: ORCL) despite recent volatility in the stock. In a new note to clients, Radke raised his price target to $415 per share, up from $395 previously, implying an upside of nearly 40% from current levels. He also reiterated his buy rating, signaling continued confidence in
1.5KUS stocks ticked higher on Friday, extending weekly gains for major indexes even as Washington’s government shutdown dragged into a second week and Federal Reserve officials signalled caution on future interest rate moves. The S&P 500 rose 0.2%, while the Nasdaq Composite advanced by the same margin. The Dow Jones Industrial Average added 156 points,
US stocks ticked higher on Friday, extending weekly gains for major indexes even as Washington’s government shutdown dragged into a second week and Federal Reserve officials signalled caution on future interest rate moves. The S&P 500 rose 0.2%, while the Nasdaq Composite advanced by the same margin. The Dow Jones Industrial Average added 156 points,
