OpenAI is preparing its biggest ChatGPT redesign since launch, just as investors start looking harder at the numbers behind a possible blockbuster IPO.As per a Financial Times report, the company is trying to turn ChatGPT from a question-and-answer chatbot into a broader productivity platform, with coding, agents, image tools and…
Nvidia has deepened its South Korea push with a series of deals that show how central the country has become to the next phase of the AI boom.The agreements, announced during Jensen Huang’s high-profile visit to Seoul, bring Nvidia closer to SK Hynix, SK Telecom, Naver, Doosan Group and LG…
SpaceX is days away from what could become the largest initial public offering in history, and investors are already treating it like a once-in-a-generation market event.The Elon Musk-led company is targeting an IPO price of about $135 a share, with trading expected to begin on Nasdaq on June 12.At roughly…
Citigroup has become the latest Wall Street brokerage to raise its year-end 2026 target for the S&P 500, forecasting the benchmark index will surpass the 8,000 level as strong corporate earnings and artificial intelligence-driven growth continue to support equity markets.The brokerage increased its target for the S&P 500 to 8,100…
US stock futures pointed to a steadier open on Monday as chipmakers attempted to recover from Friday’s sharp selloff, though rising oil prices and renewed Middle East strikes kept risk appetite fragile.S&P 500 and Nasdaq 100 futures rose as Nvidia, Broadcom and Micron gained in premarket trading, helping ease some…
Goldman Sachs has pushed its forecast for the Federal Reserve’s next rate cuts into 2027, signalling that stronger US growth, firmer hiring and stubborn inflation risks may keep monetary policy tighter for longer than markets had expected.The Wall Street bank now expects the Fed to leave rates unchanged through 2026,…
The S&P 500 Index suffered a harsh reversal on Thursday and Friday as investors reacted to the latest US non-farm payrolls (NFP) data and Broadcom (NASDAQ: AVGO) earnings. It retreated to $7,383, down from the year-to-date high of $7,618. This article looks at the key catalysts that will impact the…
The Nikkei 225 Index slumped by nearly 4% today, June 8, as the recent rally took a breather. It retreated to ¥64,000, down from the year-to-date high of ¥68,670. This retreat was a reaction to the latest GDP data, global stock market retreat, and the continued US-Iran quagmire.Top reasons behind…
A crypto market rally is underway today despite the ongoing retreat in global equities, with Japan’s Nikkei 225, German’s DAX, Hong Kong’s Hang Seng, China’s Shanghai Composite, and Australia’s ASX 200 falling by over 0.80%. Bitcoin (BTC) jumped to $63,000 from the weekend low of $59,000.The top gainers in the…
The Hang Seng Index retreated by over 1.18% on Monday, continuing a sell-off that started on May 14, when it peaked at H$26,856. It retreated to a low of H$24,466, its lowest level since March 30th this year.Hong Kong stocks retreat as global rout in tech shares continueThe blue-chip Hang…