Shares of Salesforce (CRM) moved higher Friday as investors reacted positively to the company’s expanding artificial intelligence strategy, stronger financial performance, and a newly announced US Air Force contract that reinforced optimism around enterprise AI demand.Salesforce shares gained roughly 4.1% during the session, outperforming the broader market. The S&P 500…
US stocks fell sharply on Friday as rising Treasury yields, surging oil prices, and fading enthusiasm surrounding artificial intelligence stocks pressured markets following weeks of record-setting gains.The Dow Jones Industrial Average dropped roughly 537 points, or about 1.1%, while the S&P 500 lost approximately 1.2%. The Nasdaq Composite declined about…
US industrial production rebounded strongly in April, while retail sales continued to show resilience despite mounting inflationary pressures across the economy.According to data released on Friday by the Federal Reserve, industrial production in the United States increased 0.7% month-on-month in April.The reading followed a 0.3% contraction in March and exceeded…
The iShares US 20+ Year Treasury Bond ETF (TLT) slumped to its lowest level since July 2025 as long-term US government bond yields surged to a 19-year high this week. TLT also plunged as it suffered the biggest weekly outflows in years. It has now plunged by 8% from its…
The Roundhill Memory ETF (DRAM) has become the hottest fund in the United States this year. Launched in April, it has surged by over 80% and attracted nearly $10 billion in assets under management (AUM). It has had inflows in each week since its launch as investors piled into the…
European blue-chip companies are on course to deliver their strongest earnings growth since the fourth quarter of 2022, according to the latest LSEG I/B/E/S data released on Thursday.However, revenues are still expected to decline despite the strong profit performance.The data showed that earnings for European blue-chip firms are now expected…
Advanced Micro Devices (NASDAQ: AMD) has rarely appeared in better financial shape, at least on the surface of its latest results.In its first quarter, the chipmaker posted revenue of $10.3 billion, up 38% from a year earlier, while data center sales surged 57% to $5.8 billion as demand for its…
Alphabet has raised 576.5 billion yen ($3.6 billion) through its first-ever yen-denominated bond sale, marking the largest bond issuance in Japanese currency by a foreign company, according to a term sheet released on Friday.The transaction comes as the parent company of Google continues to expand investments in artificial intelligence infrastructure…
Global equities advanced sharply as improving sentiment around US-China relations, encouraging US economic data, and easing inflation concerns boosted investor appetite for risk assets, according to analysts at Deutsche Bank.The analysts said markets reacted positively to developments surrounding the Trump-Xi summit in Beijing, while corporate earnings and growing enthusiasm around…
US President Donald Trump’s latest first-quarter ethics filing runs more than 100 pages and discloses between $220 million and $750 million in securities transactions.A separate official US Office of Government Ethics filing shows one of the reports carried a late-fee note and was received on May 12, after being signed…