Dell Technologies shares surged in premarket trading on Friday after the company delivered stronger-than-expected quarterly results and sharply raised its financial outlook, reinforcing Wall Street’s growing belief that the artificial intelligence infrastructure spending boom still has significant room to run.The server and enterprise infrastructure company, which has become a major…
Wall Street and currency markets remained cautious on Thursday after revised government data showed the US economy expanded more slowly than previously estimated during the first quarter of 2026.The US Commerce Department said gross domestic product (GDP) grew at an annualized rate of 1.6% in the January-to-March period, down from…
Wall Street reversed a weak start and turned positive on Thursday after reports emerged that the United States and Iran had reached a preliminary agreement aimed at extending the current ceasefire and launching negotiations over Iran’s nuclear program.The S&P 500 and Nasdaq Composite both climbed to fresh record highs during…
India’s weather office on Friday downgraded its forecast for the 2026 southwest monsoon, predicting rainfall at just 90% of the long-period average (LPA), marking the first below-average season in three years. The revision, down from an earlier April prediction of 92%, has raised fresh concerns over agricultural output, food inflation, and…
Brent crude oil price retreated for three consecutive days, reaching its lowest level since April 7 this year. It has plunged from a high of $114 on May 4 to the current $91. This retreat may continue after forming a double-top pattern amid a US-Iran deal.Technical analysis points to a…
The biggest Chinese technology companies are underperforming the market despite the ongoing artificial intelligence boom. Xiaomi stock has plunged by 30% this year, while Tencent and Alibaba have dropped by 27% and 13%, respectively. They have suffered steeper declines from their highest points last year. Xiaomi, which is widely seen as…
The upcoming SpaceX and OpenAI IPOs will break records globally because of the money they will raise and their size. SpaceX is expected to go public at a $1.5 trillion valuation, with Polymarket traders expecting its valuation to jump to over $2 trillion after its listing. Anduril will be the next…
Marvell Technology (MRVL) is inching higher in extended hours after the company posted stellar Q1 results and issued impressive guidance for the current quarter.The custom AI chips specialist reported a 28% year-on-year increase in revenue to a record $2.42 billion on $0.8 per share of earnings (EPS) – slightly beating…
The Kospi Index pulled back by over 1% on Thursday as the recent bull run took a breather, following the South Korean central bank’s interest rate decision. It retreated to KRW 8,133, down slightly from this week’s high of KRW 8,480.South Korea’s central bank gives a hawkish pauseThe Kospi Index…
Foreign investors continued buying Japanese equities for an eighth consecutive week through May 23, supported by easing oil prices and growing optimism around artificial intelligence-related shares.According to data released by Japan’s Ministry of Finance on Thursday, foreign investors purchased a net 1.08 trillion yen ($6.77 billion) worth of Japanese stocks…