ABB lifts its 2026 outlook: here’s what’s driving the 5% stock pop
Swiss engineering group ABB raised its 2026 sales outlook on Wednesday after reporting a stronger-than-expected rise in first-quarter revenue, driven by surging demand from data centres processing artificial intelligence data. ABB said quarterly sales rose 18% to $8.73 billion, beating analysts'
Here’s why the Hang Seng Index is falling after ceasefire extension
The Hang Seng Index sank by over 1.30% on Wednesday as concerns about the fragile ceasefire between the United States and Iran continued. It retreated to $26,137, erasing some of the gains made a day earlier. Hang Seng Index slips after
Why SpaceX is desperate to own Cursor before year-end
SpaceX’s deal with Cursor is less a conventional takeover bet than a race against the calendar. The Elon Musk-led company has secured the right to buy the AI coding startup for $60 billion later this year, or pay $10 billion for
Nikkei hits record high as Asian markets mixed on ceasefire extension
Asian markets opened mixed on Wednesday after President Donald Trump said he would indefinitely extend the Iran ceasefire. The announcement provided some support to risk sentiment, even as investors remained wary of the still-closed Strait of Hormuz and elevated oil prices. Japan’s
Gold rises on Iran ceasefire: can gains hold as oil cools?
Gold climbed on Wednesday after President Donald Trump extended the Iran ceasefire, though gains were tempered as easing oil prices reduced some inflation concerns even while the broader geopolitical outlook remained uncertain. Spot gold rebounded 0.9% to $4,755.11 an ounce by
Dow Jones sinks 293 pts as Iran fears, Fed tensions hit stocks
US stocks closed lower on Tuesday, reversing earlier gains as geopolitical uncertainty surrounding Iran and concerns about the Federal Reserve's independence weighed on investor sentiment. Markets had initially found support from strong corporate earnings and economic data, but those gains