Category: Latest News
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Citi Sees European Heatwaves Driving Long-Term Growth for U.S. HVAC Companies
Persistently higher temperatures across Europe could create a significant long-term opportunity for U.S. heating, ventilation and air-conditioning (HVAC) manufacturers as demand for cooling systems continues to rise, according to analysts at Citi. Europe is currently experiencing an intense heatwave, and the bank believes increasingly frequent periods of extreme heat could accelerate the adoption of air-conditioning…
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JPMorgan Warns Cyberattacks Could Spark the Next Banking Crisis
Cybersecurity threats may pose a greater long-term risk to banks than traditional credit losses, with artificial intelligence increasing the potential for attacks that could rapidly trigger liquidity stress, according to JPMorgan. In a research note led by analyst Kian Abouhossein, the bank argued that next-generation AI models, including Mythos and GPT-5.5, are dramatically accelerating the…
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OCBC cuts gold and silver forecasts as higher real yields weigh on precious metals
OCBC has lowered its price targets for gold and silver through the end of 2026, pointing to a more challenging macroeconomic environment driven by higher real interest rates, a firmer U.S. dollar and weaker investor appetite. Despite the downgrade, the bank continues to see favourable long-term prospects for both precious metals. Lower price targets reflect…
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JPMorgan says AI chip rally could slow as hyperscalers close the performance gap
Semiconductor leadership may become harder to sustain The strong outperformance of artificial intelligence semiconductor companies relative to hyperscale cloud providers may not continue indefinitely, according to JPMorgan, which believes the current valuation gap between the two groups is unlikely to remain at current levels over the long term. In a note to clients, analyst Nikolaos…
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Mega-deals propel global M&A to record first half as companies pursue transformative acquisitions
Blockbuster transactions drive record deal values A wave of multibillion-dollar acquisitions pushed global mergers and acquisitions activity to unprecedented levels during the first half of 2026, as companies capitalised on a more favourable regulatory environment to pursue long-term strategic transactions. According to LSEG data, the total value of announced M&A deals reached $2.8 trillion during…
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Gold selloff deepens as higher rates and stronger dollar drive investor caution
Gold is heading for its steepest quarterly decline since April 2013, with prices retreating around 24% from the record high of nearly US$5,589 per ounce reached in late January. The August Gold Futures contract was trading at US$4,031.70 on Tuesday. Dollar strength and Fed expectations pressure bullion The decline has largely been fuelled by a…
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Barclays sees early signs of an equity rotation as US market leadership begins to soften
Investors remain heavily concentrated in US equities US stocks continue to dominate global equity markets, but Barclays believes the first indications of a broader shift in investor positioning are beginning to emerge as concerns over crowded trades, artificial intelligence valuations and lower oil prices improve the outlook for Europe. In a research note published on…
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Oil prices hold steady as bargain buying balances improving supply conditions
Oil prices traded little changed on Friday as investors took advantage of recent weakness to cover bearish positions ahead of the U.S. holiday weekend, although expectations of stronger crude supplies continued to limit further gains. Brent crude, the global benchmark, rose 0.2% to $71.96 a barrel at 05:21 ET (09:21 GMT), while U.S. West Texas…
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Alibaba to block Claude Code in workplace amid reported security concerns (BABA)
Alibaba Group Holding Ltd (NYSE:BABA) will reportedly ban employees from using Anthropic’s (NASDAQ:ANTP) Claude Code in its workplace systems from July 10 over alleged security concerns, according to a Reuters report citing a person familiar with the matter. The decision follows a report by Chinese financial publication Yicai, which claimed that Alibaba had identified what…
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Tesla’s strong Q2 deliveries lift Chinese supplier shares
Tesla (NASDAQ:TSLA) suppliers in China traded higher on Friday after the electric vehicle manufacturer reported stronger-than-expected second-quarter delivery figures, boosting investor confidence that the company may be emerging from a prolonged period of declining sales. Auto parts manufacturers Ningbo Xusheng, Ningbo Tuopu and Zhejiang Sanhua gained between 5% and 9% in mainland Chinese trading. In…