Category: Latest News
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Ferrari Group shares jump after Q1 organic revenue growth beats expectations (RACE)
Ferrari N.V. (NYSE:RACE) shares climbed more than 9% on Tuesday after the company reported first-quarter revenue of €90 million, supported by organic growth of 7.4% compared with the same period last year. The group said performance was driven by strong contributions from subsidiaries in Brazil, the United States and the United Arab Emirates, while Asian…
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Micron and SanDisk shares rise as Samsung workers prepare strike action
Shares in Micron Technology, Inc. (NASDAQ:MU) climbed 3.9% in premarket trading on Thursday, while SanDisk Corporation (NASDAQ:SNDK) advanced 2.2%, as investors evaluated the potential impact of an upcoming strike involving workers at Samsung Electronics Co., Ltd. (KS:005930). Samsung’s South Korean labour union plans for around 48,000 employees to walk off the job on Thursday after…
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Google expands AI push at I/O with enterprise-focused Gemini upgrades and smarter search tools
Alphabet Inc.’s Google (NASDAQ:GOOG) on Tuesday introduced a range of new artificial intelligence tools at its annual I/O developer conference, including AI agents integrated directly into Search and a faster, lower-cost Gemini model aimed at enterprise customers. The announcements come as Google intensifies competition with rivals including Anthropic and OpenAI in the race to attract…
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Meta proposes limited free WhatsApp access for rival AI chatbots in Europe (META)
Meta Platforms, Inc. (NASDAQ:META) has proposed granting competing artificial intelligence chatbots, including those developed by OpenAI, limited free access to WhatsApp in Europe before introducing charges once usage thresholds are exceeded, according to two people familiar with the matter. The previously undisclosed proposal comes as Meta attempts to ease mounting pressure from European Union regulators,…
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Alibaba launches new AI chip to strengthen domestic semiconductor ambitions (BABA)
Alibaba Group Holding Limited (NYSE:BABA) on Wednesday introduced a new artificial intelligence chip, the Zhenwu M890, as the company accelerates efforts to develop Chinese-made alternatives to processors supplied by NVIDIA Corporation amid tighter U.S. export restrictions. The processor was developed by Alibaba’s chip-design unit T-Head and delivers performance roughly three times greater than the previous-generation…
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Stellantis and Dongfeng plan European joint venture focused on new-energy vehicles (STLA)
Stellantis N.V. (NYSE:STLA) said on Monday it has entered into a non-binding memorandum of understanding with Dongfeng Motor Corporation to establish a Europe-based joint venture focused on new-energy vehicles. The proposed business would oversee activities including sales, distribution, manufacturing, procurement and engineering operations linked to electric and new-energy vehicles across Europe. Voyah brand expansion in…
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Oil prices decline as signs of progress in U.S.-Iran talks ease supply concerns
Oil prices moved lower on Wednesday as investors monitored developments in negotiations between the United States and Iran after Washington indicated that diplomatic discussions were advancing. Brent crude futures for July delivery, the global oil benchmark, dropped 2.5% to $109.25 a barrel by 04:44 ET (08:44 GMT), while U.S. West Texas Intermediate crude futures fell…
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Gold prices hold steady as markets balance rising bond yields and hopes for Iran peace talks
Gold prices traded little changed on Wednesday as investors assessed the impact of surging government bond yields and a firmer U.S. dollar against growing expectations that diplomatic negotiations could eventually ease tensions in the Iran conflict. By 05:15 ET (09:15 GMT), spot gold was broadly flat at $4,480.57 per ounce, while gold futures declined 1.6%…
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U.S. futures steady as investors monitor Iran conflict and await Nvidia results: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock futures traded close to flat on Wednesday as investors weighed inflation concerns linked to the Iran conflict while preparing for closely watched quarterly earnings from NVIDIA Corporation (NASDAQ:NVDA), which are expected to provide fresh insight into the strength of the artificial intelligence sector. By 03:32 ET, futures linked to the Dow Jones Industrial…
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Bond Yields Hit Multi-Decade Highs, Dragging Stocks Lower
Stocks fell across the board Tuesday as surging long-term Treasury yields rattled investors and a broad selloff in semiconductor shares pulled the technology sector sharply lower. The S&P 500 posted its third consecutive losing session, and all three major indexes finished in the red as the 30-year Treasury yield climbed to its highest level in…