The FTSE 100 Index tumbled for the third consecutive day, reaching its lowest level since January 20. It retreated by over 7% from its highest point this year and is nearing its correction zone by falling by 10% from the year-to-date high. The Footsie Index retreat mirrored that of the other…
The AI boom has produced plenty of big numbers and bold headlines—but few rival “Stargate,” the massive data center project backed by Oracle and OpenAI.Billed as a $500 billion bet on the future of AI computing, the plan envisioned building enormous facilities packed with Nvidia chips to power the next…
The global race to build artificial intelligence infrastructure is intensifying as demand for computing power grows across industries. AI data centre startup Nscale said on Monday it has raised $2 billion in fresh funding at a $14.6 billion valuation, underscoring investor confidence in companies building the backbone of the AI…
US stock index futures dropped sharply on Monday as surging oil prices and escalating tensions in the Middle East heightened concerns about inflation and the risk of a broader economic slowdown.Futures tied to the Dow Jones Industrial Average fell more than 523 points in early trading, while S&P 500 and…
China’s consumer inflation climbed in February, marking the strongest annual increase in more than three years as extended Lunar New Year celebrations lifted spending across travel, dining, and leisure services. Data released Monday by the National Bureau of Statistics showed consumer prices rising faster than economists expected, signalling a temporary…
The AI boom has produced plenty of big numbers and bold headlines—but few rival “Stargate,” the massive data center project backed by Oracle and OpenAI.Billed as a $500 billion bet on the future of AI computing, the plan envisioned building enormous facilities packed with Nvidia chips to power the next…
Global financial markets opened the week under heavy pressure as the escalating conflict in the Middle East triggered a sharp surge in oil prices and rattled investor confidence worldwide. Asian equities fell steeply, the US dollar strengthened as investors sought liquidity, and cryptocurrencies retreated amid a broader risk-off mood. The…
US equities face rising downside risks as the escalating war in Iran disrupts global markets and fuels inflation concerns, according to veteran market strategist Ed Yardeni.In his latest outlook, Yardeni increased the probability of a market meltdown this year to 35%, up from 20% previously. At the same time, he…
The FTSE 100 Index tumbled for the third consecutive day, reaching its lowest level since January 20. It retreated by over 7% from its highest point this year and is nearing its correction zone by falling by 10% from the year-to-date high. The Footsie Index retreat mirrored that of the other…
European crypto traders have long relied on offshore platforms to access derivatives markets. Strict regulations and limited local options pushed many toward exchanges operating outside Europe’s financial system. That situation is now shifting as Coinbase introduces regulated crypto futures trading across the region.The US exchange has launched derivatives trading in…