Hang Seng gains 1.2% while Asian markets wobble on tech selloff
Asian markets began on Wednesday on an uneven footing as investors weighed multiple factors. The sentiment appeared cautious following a technology-led selloff in the United States, fresh concerns about the sustainability of AI spending, and lingering tension surrounding the Iran conflict. The
These 3 large-cap AI stocks are still a bargain for long-term investors
The US stock market has seen a massive reallocation of capital toward artificial intelligence (AI) infrastructure stocks in recent years. Yet, a paradox has emerged – several of the sector’s most indispensable leaders are still trading at valuations that arguably discount
Evening digest: Amazon teams up with OpenAI, Oil jumps on Iran tensions
Global markets saw a mix of developments on Tuesday, as Amazon expanded its partnership with OpenAI following a shift away from exclusivity with Microsoft, oil prices surged amid tensions involving Iran and OPEC changes, concerns over OpenAI’s growth weighed on
Dow slips as OpenAI worries, oil surge drag S&P 500, Nasdaq
US stocks closed lower on Tuesday, retreating from record highs as concerns over the sustainability of the artificial intelligence boom and rising oil prices weighed on investor sentiment. The S&P 500 fell 0.49% to close at 7,138.80, while the Nasdaq Composite
Visa stock rallies on strongest revenue growth since 2022
Visa (NYSE: V) is pushing higher in extended hours after the credit‑card company posted its fiscal second quarter results that comfortably topped Street estimates. Visa earned $3.31 per share on $11.2 billion in revenue, up some 17% on a year-over-year
Amazon teams with OpenAI as Microsoft exclusivity pact ends
Amazon announced an expanded partnership with OpenAI on Tuesday, enabling its cloud customers to access OpenAI’s models through Amazon Web Services (AWS). The move comes just a day after OpenAI and Microsoft confirmed they had ended their exclusivity agreement, allowing the
Airbus profit halves as engine delays curb deliveries
Airbus reported a sharp decline in first-quarter earnings on Tuesday, as supply chain disruptions—particularly engine shortages—curbed aircraft deliveries and weighed on profitability. Adjusted operating profit fell 52% year-on-year to 300 million euros, well below analyst expectations of 348 million euros. Revenue
Centene stock rises as earnings beat, outlook lifted on cost cuts
Shares of Centene Corporation rose about 14% on Tuesday after the company reported stronger-than-expected first-quarter results, driven by cost controls and steady premium growth. The St. Louis-based managed-care company posted net earnings of $1.54 billion, or $3.11 per share, up from
HSBC turns overweight on US stocks amid earnings momentum
HSBC upgraded its stance on US equities to “overweight” from “neutral” on Tuesday, citing strong earnings momentum and easing geopolitical risks that are shifting investor focus back to fundamentals. The brokerage, however, downgraded Europe ex-UK to “neutral,” warning that economic conditions