US stocks opened subdued on Wednesday after another stronger-than-expected inflation report reinforced expectations that the Federal Reserve may keep interest rates elevated throughout the year, while a rebound in semiconductor stocks helped support technology-heavy indexes. The Dow Jones Industrial Average fell 230 points, or 0.46%, while the S&P 500 slipped 0.04%. Nasdaq Composite outperformed, gaining
Shares of Alibaba Group fell more than 2.5% in premarket trading on Wednesday after the Chinese technology giant reported mixed quarterly results, with revenue growth supported by artificial intelligence demand but profitability sharply hit by aggressive investment spending. Alibaba posted a 3% rise in fiscal fourth-quarter revenue, as its cloud and AI businesses continued to
Global oil markets are reeling as the International Energy Agency (IEA) warns that world demand will contract by 420,000 barrels per day this year, while supply losses from the Gulf war and the closure of the Strait of Hormuz have already drained nearly 13 million barrels per day from output. The agency’s May Oil Market
The stock of Micron Technology has been on a stunning rally over the last year, with its share price surging by more than 720% during the period, but Bank of America says it sees more upside. BofA Securities lifted its price target on Micron (MU) stock to $950 from $500 while maintaining a Buy rating,
Figma stock price has crashed and is hovering near its all-time low as concerns about its business growth and costs jump. After peaking at $142 following its initial public offering, FIG stock has tumbled to $21, erasing billions of dollars in value. Still, there are signs that the stock is a good buy ahead of
OPEC has lowered its forecast for global oil demand growth in 2026, citing weaker consumption in advanced economies and signs of moderation in Asia, even as supply disruptions and price volatility continue to unsettle markets. In its Monthly Oil Market Report released Wednesday, the producer group said demand will rise by 1.2 million barrels per
Shares of Nvidia (NVDA) climbed on Wednesday, extending gains for a sixth straight session and hitting another record high. The stock jumped around 2% to hit a new record high of $227.16. The company’s market cap stands around $5.4 trillion. Investors grew more optimistic about the company’s prospects in China ahead of high-level US-China meetings
The extraordinary rise of Nvidia has become more than just a stock market story. The artificial intelligence chipmaker’s surge beyond a $5 trillion market valuation is now reshaping global equity markets, redefining the dominance of technology companies and exposing how heavily investor capital is gravitating toward AI-linked businesses. Nvidia shares climbed another 2% on Monday
US consumer inflation accelerated to 3.8% in April, marking its highest annual increase since May, 2023 as rising energy prices linked to tensions in the Middle East pushed up the cost of gasoline, food and household essentials. The latest reading from the US Bureau of Labor Statistics came in above economists’ expectations of a 3.7%
Private credit funds have marked down more than a tenth of their loans by at least 50%, according to new data released by MSCI, highlighting mounting pressure on borrowers in the $3.5 trillion private credit market. In a report published on Tuesday, MSCI said loans valued below 50% were a level typically associated with deep