Copper demand to surge 50% by 2040, driven by AI, defense, says S&P
Global copper demand is projected to increase by 50% by 2040, driven by growth in the artificial intelligence and defense sectors. However, according to the consultancy S&P Global, annual supplies are expected to face a shortfall of over 10 million metric
Germany industrial orders jump 5.6% in November on surge in large contracts
Germany’s industrial sector showed an unexpected burst of activity in November, offering a more nuanced picture of demand conditions in Europe’s largest economy. Fresh data released on Thursday pointed to a sharp monthly rise in orders, defying market expectations of
JPMorgan takes over Apple Card in major consumer finance deal
JPMorgan Chase has agreed to take over the Apple credit-card program from Goldman Sachs, marking a significant shift in the US consumer finance landscape and bringing an end to Goldman’s troubled foray into mass-market lending. Under the deal, JPMorgan will become
Tesco shares slide as like-for-like sales miss forecasts despite Christmas boost
Shares of Tesco fell more than 5% on Thursday after the UK’s largest supermarket reported like-for-like sales growth that came in below market expectations, overshadowing a solid performance over the crucial Christmas trading period. The retailer said the group’s like-for-like sales
Applied Digital stock jumps as revenue triples on surging AI data center demand
Applied Digital stock rose by 7% in premarket trading on Wednesday after the data center operator reported second-quarter revenue that comfortably beat Wall Street expectations, underscoring strong demand for large-scale infrastructure tied to artificial intelligence workloads. The company said revenue more
US West Coast jet fuel premium hits two-year high on supply crunch
The difference in price (premium) for immediate delivery of US West Coast jet fuel sold to Asia has expanded to its largest margin in almost two years, according to LSEG data released on Thursday, and quoted in a Reuters report. The
Nvidia’s China tightrope: H200 chips, geopolitics and a high-stakes AI gamble
The calendar may have turned, but for Nvidia, the familiar strains of geopolitics continue to loom large. As the world’s leading maker of artificial intelligence chips, the US company remains caught between Washington’s tightening grip on advanced semiconductor exports and Beijing’s