Dow futures tanked 230 points on Wednesday as the government entered its first shutdown in nearly seven years, stirring market unease. The sentiment was seen across all US stock futures as the S&P 500 futures slipped 50 points, while Nasdaq futures took a sharper plunge of over 180 points. The investors turned cautious as the

Tesla’s sales showed signs of recovery in parts of Europe during September, with gains in France, Denmark, Norway, and Spain, but continued weakness in Sweden underscored the US electric-vehicle maker’s uneven performance across the region. The Tesla stock has rallied about 70% in the past six months and climbed 33% in September alone. Tesla’s European

US conglomerates are increasingly breaking up into focused, independent companies as spin-offs gain traction as a strategy to unlock shareholder value, sharpen management focus, and respond to market demands. Corteva said on Wednesday that it plans to spin off its seed business into a separate publicly traded company, joining a wave of major firms pursuing

Argentum AI (AAI), a pioneering marketplace designed to democratize access to computing power worldwide, today announced the closing of an oversubscribed pre-seed funding round led by prominent investors Kraken, Banyan Ventures, Victor Morganstern, and Todd Bensen. This significant capital injection enables Argentum AI to accelerate its mission of creating a decentralized, AI-enabled distributed compute marketplace

Shares in U.S. utility AES Corp. surged more than 12% in premarket trading Wednesday after reports that BlackRock-owned Global Infrastructure Partners (GIP) is preparing a takeover bid worth about $38 billion. If completed, the transaction would rank among the largest infrastructure acquisitions in history. The Financial Times first reported that GIP, a specialist in infrastructure

Wall Street opened in the red on Wednesday as the US government officially shut down, igniting fears of a prolonged stoppage that could further strain an already fragile economy. The S&P 500 slipped 0.4%, the Nasdaq Composite declined 0.6%, and the Dow Jones Industrial Average fell 42 points, or 0.1%. The investors took a cautious

Nvidia stock (NASDAQ: NVDA) tanked at open on Wednesday, plunging almost 2% to $184 as the trading day began amid heightened market volatility and broader tech sector fluctuations. The slip comes amid an ongoing government shutdown in the United States, which has increased the overall volatility on Wall Street with investors taking safe bets amid

Nike Inc. shares rose more than 3% on Wednesday after the athletic apparel maker posted better-than-expected fiscal first-quarter results, topping Wall Street forecasts for both revenue and net income. The company also signaled stronger-than-anticipated sales growth ahead, but warned of challenges from tariffs, holiday sales pressure, and weakness in its China business. Nike shares were

Tech giant Meta announced on Wednesday that it will start using data from user interactions with its AI chatbot and other AI products to provide hyper-targeted ads across its social media platforms. The announcement comes on the heels of ongoing debate around privacy concerns related to AI chatbots, and the new Meta plan can make

The US manufacturing sector grew for a ninth straight month in September but at a slower pace, according to S&P Global data. The Manufacturing Purchasing Managers Index (PMI) came in at 52.0, down from 53.0 in August but still above the 50-point threshold that separates growth from contraction. The slowdown was driven largely by weaker