Top AI crypto coins have continued their uptrend and are outperforming Bitcoin and other tokens this year as the artificial intelligence boom gains momentum and as top companies like OpenAI and Anthropic launch their initial public offerings (IPOs). Anthropic filed its IPO papers on Monday, a few days after it completed…
China has issued new rules expanding state oversight of overseas transactions involving Chinese investors, technology, data and national security, underscoring Beijing’s efforts to tighten control over sensitive assets as artificial intelligence becomes a bigger strategic concern.The measures, published by the State Council, will take effect on 1 July. They introduce…
China’s upcoming index rebalancing is expected to trigger more than $48 billion in gross two-way passive flows, according to Goldman Sachs, setting up a wave of mechanical buying and selling across some of the country’s biggest onshore benchmarks.The semi-annual changes affect major CSI and CNI indexes and will be implemented…
US technology giants are reshaping global corporate bond markets as they borrow beyond the dollar to fund a costly race to build artificial intelligence infrastructure.Alphabet and Amazon have led a surge in multi-currency issuance across Europe, Japan, Switzerland, Canada and the UK, as the companies seek funding for data centres,…
Goldman Sachs has raised its 12-month target for the STOXX 600 index to 660, citing resilient corporate earnings growth and continued support from artificial intelligence-related investments despite the ongoing conflict in the Middle East.The pan-European benchmark index has remained close to record highs and gained 2.5% in May. However, escalating…
Brokerage firm Bernstein has retained its “Neutral” stance on Indian equities and maintained its year-end Nifty 50 target of 26,000, implying an upside of around 10% from Friday’s closing levels. However, the brokerage cautioned that a combination of weak macroeconomic conditions, earnings downgrades and a revival in equity issuance activity…
European shares opened lower on Monday as escalating tensions in the Middle East weighed on investor sentiment, while markets also reacted to corporate developments involving British airline easyJet and Amsterdam-listed Universal Music Group.The pan-European STOXX 600 index was down 0.1% at 0709 GMT, extending the subdued mood seen at the…
Nvidia (NASDAQ: NVDA) used Computex week in Taipei to make its boldest move yet into the personal computer market, unveiling a laptop chip that puts the AI chip leader directly inside the Windows machine.The RTX Spark superchip marks a shift that goes beyond graphics cards. It combines a 20-core Arm-based…
How important is the war between the US and Iran to investors? Looking at the financial markets, it would appear that it’s not important at all. Apart, perhaps, when it’s trotted out to provide a narrative for market behaviour. As a recap, it began with a joint US/Israeli attack on…
Berkshire Hathaway is making a $6.8 billion cash bet on US housing at a moment when much of the sector looks stuck in reverse.The move is Greg Abel’s first major acquisition as Berkshire’s chief executive, and it comes with an obvious tension. Mortgage rates are near yearly highs, new residential…