Sterling edged higher against the dollar on Thursday as investors reacted to developments surrounding the Iran conflict, while also monitoring British local elections that could increase political pressure on Prime Minister Keir Starmer. The pound was last up 0.2% against the dollar at $1.3621, adding to Wednesday’s 0.4% rise. Traders responded to reports suggesting the
Nio stock price has pulled back in the past few days, mirroring the performance of other Chinese electric vehicles. It was trading at $5.90 on Tuesday, down substantially from the year-to-date high of $7.01. Still, the stock is showing some bullish signals, which may lead to a strong comeback in the near term. Nio stock
The UK’s benchmark FTSE 100 index edged lower on Thursday as a stronger pound weighed on multinational companies, while losses in oil majors Shell Plc and BP Plc added further pressure to the market. Investors also monitored local and regional elections across Britain. The blue-chip FTSE 100 index fell 0.6% to 10,380 points by 1112
The AGI Society has confirmed the keynote speakers and full lineup for AGI-26, its 19th annual conference focused on Artificial General Intelligence, scheduled for July 27–30 in San Francisco. The speaker list includes researchers from leading institutions in machine intelligence, including Google DeepMind, MIT, Tufts University, and SingularityNET, reflecting a range of approaches to AGI.
US equities edged higher on Thursday, supported by declining oil prices and growing optimism that a deal to end the conflict involving Iran could be nearing completion. The S&P 500 rose 0.1%, while the Nasdaq Composite also gained 0.1%. The Dow Jones Industrial Average advanced 174 points, or 0.4%. Oil prices extend decline Energy markets
The number of Americans filing new claims for unemployment benefits rose modestly last week, underscoring continued resilience in the US labor market despite ongoing layoffs in the technology sector and broader economic uncertainty. Data released by the Labor Department on Thursday showed initial claims for state unemployment benefits increased by 10,000 to a seasonally adjusted
Shares of Tesla (NASDAQ: TSLA) climbed on Thursday, rising above the $400 mark as improved sales data from China supported investor sentiment despite ongoing concerns around the company’s long-term strategy. The stock was up around 3% at $409.70 in early trading. China sales provide boost Tesla sold 79,478 vehicles from its Shanghai plant in April,
Even if a peace deal is reached between the US and Iran, the physical oil and gas market would remain tight, and spot prices may stay higher. “A deal announcement would move futures further immediately, in fact, even the potential of a deal is already triggering a decline in oil prices,” Paola Rodriguez-Masiu, chief oil
Shares of Walt Disney surged more than 5% in premarket trading after the entertainment giant reported better-than-expected quarterly results, supported by growth in its streaming business and theme park operations. For the January–March quarter, Disney posted adjusted earnings per share of $1.57 on revenue of $25.2 billion. Analysts had expected earnings of $1.49 per share
Super Micro Computer’s stock price jumped by over 15% on Wednesday after the company published strong financial results, which showed that its business continued to fire on all cylinders in its third quarter. It jumped to $32, its highest level since March 17, filling the gap it made after a major lawsuit against its founder