The global financial landscape is undergoing a violent recalibration as military strikes between the US, Israel, and Iran send shockwaves through international markets.With the Strait of Hormuz facing a de facto blockade and oil prices surging toward the $100 mark, investors are frantically unwinding “rest of the world” trades that…
Anthropic PBC has vowed to challenge in court a Pentagon decision to designate the artificial intelligence company a risk to the US supply chain, escalating tensions between the firm and the Trump administration over safeguards governing the military use of AI technology.The designation, communicated to the company on Wednesday, threatens…
Friday started as a volatile end to the global markets as investors grappled with the economic fallout from the escalating conflict in the Middle East. Asian equities headed for their sharpest weekly decline in years although some have recovered while oil prices surged, reflecting concerns about energy supply disruptions and…
Vancouver’s ambition to position itself as a Bitcoin-friendly city is facing a hurdle after city officials advised council to cancel the initiative.The proposal, championed by Mayor Ken Sim, aimed to explore whether the city could hold Bitcoin in its financial reserves and accept cryptocurrency payments. However, a legal review by…
Missiles are flying across continents, oil tankers have stalled, and insurance costs are surging. Around the world, people are asking the same question: Are we entering another global energy crisis?The conflict involving Iran, the United States, and Israel has shaken energy markets from Asia to Europe. Oil prices have climbed,…
Indian paint companies are facing renewed pressure as rising crude oil prices, softer demand trends, and intensifying competition weigh on the sector’s outlook. Shares of major paint manufacturers have declined sharply in recent trading sessions, reflecting concerns that higher input costs and slowing consumption could squeeze profitability.The sector’s vulnerability stems…
Shares of Marvell Technology surged nearly 12% in premarket trading on Friday after the semiconductor company issued an upbeat long-term outlook, betting on sustained demand for its artificial intelligence-focused chips and data centre networking technologies.The rally shows that investors are confident that spending on AI infrastructure by major cloud providers…
Nio stock price has gone sideways since November last year. It has remained inside a narrow range of between $4.38 and $5.78 in this period. This consolidation may end next week when the Chinese electric vehicle company releases its financial results.Nio stock has dropped despite important news The ongoing Nio stock…
Brazilian aerospace manufacturer Embraer reported fourth-quarter revenue of $2.65 billion, bringing its total revenue for 2025 to a record $7.58 billion.According to a statement published by the company on Friday, the amount exceeded the upper end of the company’s projection and marks an 18% year-over-year rise.Strong performance in a number…
US equities fell sharply on Friday, extending weekly declines as investors reacted to weaker-than-expected labour market data and another surge in oil prices linked to the escalating conflict between the United States and Iran.The Dow Jones Industrial Average dropped 903 points, or 1.9%. The S&P 500 declined 1.6%, while the…