Nvidia stock slides as OpenAI fears spark selloff in chip stocks
Semiconductor stocks declined sharply on Tuesday, with Nvidia and its peers coming under pressure after fresh concerns emerged about the financial trajectory of
Business
Business
Commodity wrap: Oil slips on UAE OPEC exit; gold at 3-week low
Gold slumped to a three-week low on Tuesday as energy prices climbed due to stalled negotiations between the US and Iran. Meanwhile, crude
Investing
Pound slips as BoE outlook and Iran conflict cloud sentiment
Sterling edged lower against a stronger US dollar on Tuesday, as investors turned their focus to upcoming central bank decisions and ongoing geopolitical
Economy
Coca-Cola stock jumps 3% after earnings beat estimates
Shares of The Coca-Cola Company rose over 3% in premarket trading on Tuesday after the beverage giant reported stronger-than-expected first-quarter results and raised
Economy
FTSE 100 gains on BP results despite geopolitical tensions
The UK’s benchmark FTSE 100 index edged higher on Tuesday, supported by a strong rally in energy stocks after BP reported better-than-expected first-quarter
Economy
FMCG giants Nestle, P&G, Colgate have lost their shine: what next
The consumer goods giants that built empires on household staples are struggling to justify their valuations. At the time of writing, Nestlé has
Economy
Corning stock falls as Q2 revenue forecast misses Street estimates
Corning reported better-than-expected first-quarter results but issued a softer revenue outlook for the current quarter, weighing on investor sentiment and halting a recent
Economy
Norway wealth fund chief warns on AI job-cut backlash
The CEO of Norway’s $2.2 trillion sovereign wealth fund has urged companies to adopt artificial intelligence (AI) in a way that benefits society
Economy
Dow rises 110 points as Nasdaq slides on AI fears, oil surge weighs
US stocks opened lower on Tuesday, led by weakness in technology shares, as investors reassessed whether the artificial intelligence boom can sustain its
Economy
US corporate bonds see strong foreign demand led by tech shift
Foreign demand for US investment-grade corporate bonds has remained strong for 15 consecutive months, according to a note by Citigroup, as cited in