Renowned investor Michael Burry has reaffirmed his bearish position on Palantir Technologies, even as a public endorsement from Donald Trump provided temporary support to the stock.In a Substack post published on Friday, Burry revealed that he continues to hold long-dated put options against the artificial intelligence software firm.The investor noted…
Shares of Coherent Corp moved higher this week after the company unveiled advances in silicon carbide (SiC) epitaxy technology, reinforcing optimism around its role in powering next-generation AI data centers and industrial systems.The stock rose as much as 9% on April 10 following the announcement, with additional gains supported by…
Global markets navigated a complex mix of geopolitical tension, commodity swings, and technology-driven momentum on Friday, as the United States and Iran prepared for critical talks aimed at stabilizing a fragile ceasefire. Oil prices remained volatile amid supply disruptions tied to the Strait of Hormuz, while Bitcoin surged past key…
Shares of Marvell Technology surged on Friday, hitting its all-time high as investor enthusiasm around artificial intelligence infrastructure and optical networking gathered pace.The stock rose more than 8% to hit a new high of $129.84, and closed at $128.49, marking its first record finish since January 23, 2025, according to…
US stocks closed mixed on Friday, with the Dow Jones Industrial Average and S&P 500 ending lower while the Nasdaq Composite posted gains, as investors remained cautious ahead of the weekend and monitored ongoing Middle East peace negotiations.The Dow fell 269.23 points, or 0.56%, while the S&P 500 slipped 0.11%.…
India is set to move forward with a proposal requiring banks to report offshore rupee derivative trades, despite objections from lenders, according to two sources familiar with the matter.The move is aimed at increasing transparency in a market that has been contributing to volatility in the domestic currency.In February, RBI…
Asia’s largest liquefied petroleum gas importers, including India and China, are rapidly shifting procurement strategies as disruptions in Middle Eastern supplies tighten availability and push prices to unprecedented levels, according to analysts and traders.The Middle East, traditionally the region’s primary supplier of LPG used for cooking and as feedstock for…
Consumer prices in the United States accelerated sharply in March as rising energy costs linked to the Iran conflict pushed inflation further away from the Federal Reserve’s target, even as underlying price pressures remained relatively contained.Data released by the Bureau of Labor Statistics showed the consumer price index rose 0.9%…
Protests over rising fuel prices in Ireland have entered their fourth consecutive day, triggering widespread disruption across the country Demonstrators have blockaded three of Ireland’s primary refineries and fuel terminals, leading to supply shortages and bringing traffic in Dublin to a standstill.The protests have been largely driven by farmers, agricultural…
The European Central Bank on Friday endorsed the European Commission’s proposal to strengthen integration across European Union capital markets through a system of joint supervision.However, the central bank cautioned that the initiative would require sufficient staffing and financial resources to be implemented effectively.The proposal seeks to shift the supervision of…