Nvidia owns 11% of this neocloud stock: should you buy in too?
Nvidia’s stake in a fast-growing artificial intelligence infrastructure company is drawing renewed attention from investors across Wall Street. That attention intensified after the AI chip giant nearly doubled its holdings in CoreWeave, one of the hottest names in the AI infrastructure
IG Group share price soars to all-time high — But Is It overbought?
IG Group share price has gone parabolic and hit its all-time high after the company published strong financial results and boosted its forward guidance. It soared to a record high of 1,717p, becoming the best performing company in the FTSE
UK jobless rate climbs to 5% as Iran war and Hormuz shock chill hiring
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ASEAN-BAC Philippines pushes food security as regional priority
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Equity allocations surge as investors bet on earnings and lower rates
Global fund managers raised their allocation to equities by the largest amount on record in May, supported by optimism surrounding corporate earnings growth and expectations that the Federal Reserve could begin cutting interest rates, according to Bank of America’s monthly
European stocks rise after Trump signals progress on Iran talks
European shares moved slightly higher on Tuesday after investors reacted positively to signs of easing geopolitical tensions between the United States and Iran. Markets also assessed corporate developments, including Standard Chartered’s large-scale restructuring plans tied to artificial intelligence adoption. The pan-European
Lloyds share price pops as it considers US data center financing expansion
Lloyds Bank share price rose for two consecutive days, beating some of its top rivals like NatWest and Barclays. It rose modestly as the company mapped plans to expand in the United States, as it targets the fast-growing data center
Standard Chartered to cut over 7,000 jobs as AI expands
London-headquartered Standard Chartered plans to cut more than 7,000 jobs over the next four years as the lender increases the use of artificial intelligence while pursuing higher profitability and operational efficiency. The bank said on Tuesday it would reduce 15% of
Adani stocks rise as US moves to scrap criminal fraud charges
Adani Group stocks advanced on Tuesday after the US Justice Department moved to dismiss a criminal fraud case against billionaire Gautam Adani and his associates, according to Reuters. Shares across the conglomerate traded between 0.13% and 2.32% higher, as investors welcomed
Kospi Index slips as South Korean bond yields jump: buy the dip?
The Kospi Index retreated into a correction as the recent rally takes a breather amid overheating concerns. It retreated to KRW 7,250, down by 10% from the year-to-date high of KRW 8,038. It remains up by over 72% this year