June 18 looks, at first glance, like just another date on the retail calendar. For Apple investors, it may matter more than that. The day marks China’s 618 shopping festival, one of the country’s biggest mid-year online sales events, and Apple is entering it with a sharper playbook than usual.…
OpenAI Chief Executive Officer Sam Altman said on Tuesday that the rapid growth and adoption of artificial intelligence had not led to the level of job losses he initially feared, particularly among entry-level white-collar workers.Speaking at a conference hosted by the Commonwealth Bank of Australia in Sydney, Altman said his…
Ferrari stock fell sharply on Tuesday after the company unveiled the Luce, its first fully electric car, turning a milestone product launch into a test of investor confidence.The Milan-listed stock lost about 7%, putting it on course for its biggest daily drop since October, as markets questioned whether even Ferrari…
Lenovo is increasingly emerging as one of the quieter winners of the global artificial intelligence spending boom, with analysts pointing to the company’s expanding server business, resilient margins and strengthening role in AI infrastructure as key drivers behind a potential re-rating of the stock.Analysts say the world’s largest personal-computer maker…
US stock index futures climbed to record highs on Tuesday, putting Wall Street on course for a stronger open as investors looked past volatile energy markets and focused on signs of progress in US-Iran peace talks. The advance was also powered by fresh gains in AI-linked chipmakers, which have remained…
China has begun restricting overseas travel for top artificial intelligence professionals working at private firms, including Alibaba Group Holding and DeepSeek. The move signals an escalation in Beijing’s efforts to safeguard critical technology and strengthen its position in the global AI race against the US.Government agencies have started imposing travel…
The Reserve Bank of India’s three-year dollar/rupee buy-sell swap auction received strong investor demand on Tuesday, with total bids reaching nearly $10 billion, almost double the size of the auction.The central bank accepted 141 bids in the foreign exchange swap auction, while receiving a total of 254 bids worth $9.8…
NIO stock slipped after the Chinese electric-vehicle maker reported a quarter that looked strong enough to win over sceptics.The company posted its second straight quarter of adjusted profitability, revenue more than doubled from a year earlier, and deliveries nearly doubled.Yet the stock still struggled as investors looked past the headline…
Japan’s underlying inflation picked up in April on a new Bank of Japan measure that strips out one-off policy effects, adding to the debate over how quickly the central bank may need to tighten policy after ending its ultra-loose stance in March.The BoJ’s new inflation gauge rose 2.8% from a…
British shop price inflation accelerated in May as retailers faced higher energy bills and disruption linked to the Iran conflict, according to data released by the British Retail Consortium on Tuesday.The retail industry group said annual shop price inflation rose to 1.2% in May, up from 1.0% in April. The…