The FTSE 100 Index did relatively well this week, rising for four consecutive days and reaching its highest point since May 6 this year. It rose to £10,445 on Thursday, up slightly from the key support of £10,160. So, will the index continue rising as UK gilt yields drop?UK released…
Lenovo Group stock price went parabolic today, reaching its highest point on record as its artificial intelligence business fueled its growth momentum. It jumped to $15.72 in Hong Kong, up by 85% from its lowest point this year, making it the best gainer in the Hang Seng Index this year.Lenovo…
European shares moved higher on Friday as investors responded positively to signs of progress in peace talks between the United States and Iran, despite both sides continuing to disagree on several major issues.The pan-European STOXX 600 index rose 0.5% to 623.79 points by 0703 GMT and was on track to…
Quantum computing is quickly moving from a long-term research bet to a serious infrastructure race.Nvidia’s venture arm backed Alice & Bob, a French startup working on less error-prone quantum hardware, just as Washington moved to pump about $2 billion into nine quantum companies.The timing was not accidental, as the surge…
Citigroup plans to allocate a significant share of its global wealth management hiring to Asia, where the bank’s private banking business is expanding faster and delivering stronger productivity than other regions, according to Andy Sieg, Citi’s head of global wealth.The hiring strategy forms part of the bank’s broader effort to…
US stock-index futures advanced on Friday as a pullback in Treasury yields gave investors room to add risk before the opening bell, even as the Middle East conflict remained the market’s central geopolitical overhang. Dow, S&P 500 and Nasdaq 100 futures all climbed, helped by gains in megacap technology and…
The strong rally in US equities could face increasing pressure in the final stretch of the corporate earnings season as investors grapple with rising inflation concerns and surging bond yields.The benchmark S&P 500 has shown signs of volatility this week but remains less than 1% below its record high. The…
The rapid expansion of artificial intelligence is creating a new investment opportunity beyond semiconductors and cloud computing as soaring energy demand in data centers drives growing interest in liquid cooling technologies.As AI systems become more powerful, the enormous heat generated by servers is forcing technology companies and hyperscalers to rethink…
The number of Americans filing new applications for unemployment benefits fell slightly last week, suggesting the US labor market remains relatively stable even as policymakers grow increasingly concerned about inflation pressures tied to the conflict between Israel and Iran.Data released on Thursday showed initial claims for state unemployment benefits dropped…
The International Monetary Fund warned on Thursday that France faces growing public finance risks as efforts to tighten the budget continue to lag while debt levels remain elevated.Following its annual staff visit to the country, the IMF said France’s public budget deficit narrowed to 5.1% of gross domestic product in…