US electricity demand is set to extend its record-breaking streak through 2027, driven by rapid growth in artificial intelligence infrastructure, cryptocurrency operations, and broader electrification across the economy, according to the latest outlook from the Energy Information Administration (EIA).The agency said power consumption, which reached a second consecutive annual record…
British construction firms witnessed an unprecedented rise in cost inflation in March, marking the sharpest month-on-month increase since records began in 1997, according to a survey released on Wednesday. Data from S&P Global showed that the UK Construction Purchasing Managers’ Index (PMI) measure of input cost inflation jumped to 70.5…
Broadcom stock price has crashed into a technical bear market after falling by over 24% from its highest point in December last year. AVGO dropped to 314, with its market capitalisation dropping from over $1.9 trillion to $1.5 trillion. So, will the new deal with Anthropic fuel its comeback?Broadcom inks…
The Virgin Galactic stock price has rebounded this week and is hovering at its highest point since January 28. It has soared by 45% from its lowest point this year, bringing the market capitalisation to $250 million.Top reasons why the Virgin Galactic stock has soared The SPCE stock has soared in…
Plug Power stock price has done well in the past few months, helped by its improving financial results and recent deal from Canada. The stock jumped to $2.70 on Monday, its highest point since November last year. This retreat happened even as the broader stock market pulled back, with the…
Japanese stocks and the yen surged on Wednesday as investors cheered the temporary ceasefire between the United States and Iran. The USD/JPY pair fell to 158.45, its lowest level since March 24, while the blue-chip Nikkei 225 Index jumped by over 5% to ¥56,000.Japanese yen and stocks to benefit from…
Despite a volatile start to the month and geopolitical tensions weighing on global markets, technical analysts at Fundstrat believe the worst of the equity sell-off may finally be in the rearview mirror.While the Dow Jones Industrial Average faced a sharp 700-point stumble on Thursday amid surging energy prices, the resilience…
European equity futures were trading cautiously higher on Tuesday as investors held back from making large directional bets ahead of US President Donald Trump’s deadline for Iran to reopen the Strait of Hormuz to oil traffic.The main European exchanges are set to return from the Easter break, with markets closed…
SpaceX’s stock market debut is already stirring the usual Elon Musk wealth headlines.But the more interesting question for investors may be which listed companies could gain alongside it.If SpaceX does come to market at anything close to the valuations now under discussion, the clearest public-market beneficiary would be Alphabet, which…
Activist investor Pershing Square Capital Management said on Tuesday it plans to acquire Universal Music Group in a cash-and-stock transaction valued at approximately €55.8 billion ($64.4 billion) in a move that could shift the world’s largest music label toward a US listing while offering shareholders a substantial premium.The deal, unveiled…