Markets
AI drone maker hits $6.4 billion valuation as Ukraine war spurs defense tech
AI drone maker Tekever on Wednesday said it had hit a $6.4 billion valuation, as Europe races to rearm amid the Ukraine war and mounting threats from Russia.
Markets
Markets
UK economic outlook brighter as new government measures will boost growth, says OECD – business live
Oil prices fall for a sixth day in their longest losing streak in over a year, as Saudi Arabia reportedly restarts its east-west pipeline and amid hopes for progress in US-Iran talks
Markets
Indian billionaire’s payments firm plots biggest London flotation in years
A payments business that operates across Africa and is ultimately controlled by an Indian billionaire has announced its intention to float on the struggling London Stock Exchange.
Markets
Semiconductor Rally Faces Crosscurrents From FX and Credit
The S&P 500 finished the day flat, while the Nasdaq gained around 80 bps. It is hard to say that today was much different from what we have seen in recent weeks.
Markets
Fed's Collins warns inflation could be 'notably' higher after backing rate hike
Boston Federal Reserve President Susan Collins has warned that there is "an increased likelihood" that inflation will stay "notably" above the Federal Reserve's 2% target.
Markets
Iran says Trump’s threats a sign of ‘strategic desperation,’ floats conditions for Hormuz reopening
Iran's military on Wednesday described U.S. President Donald Trump's threats to annihilate Tehran as "a sign of strategic desperation," warning the country stands ready to inflict strikes "more crushing" than earlier in…
Markets
Trump-Xi summit puts AI safety talks on the table but neither side wants to slow down
Donald Trump wants the U.S. to beat China in the AI race. But as he meets Chinese President Xi Jinping, both countries are also weighing how to address the risks posed by rapidly advancing technology.
Markets
Zelenskyy says Ukraine ready for ‘energy ceasefire’, calls for trilateral meeting with Putin, Trump
Ukrainian President Volodymyr Zelenskyy has called on U.S. President Donald Trump to organize a trilateral meeting with Russian President Vladimir Putin, saying the world leaders need to move "as quickly as possible" to…
Markets
Spain shares higher at close of trade; IBEX 35 up 0.41%
U.S. equities traded higher on Friday, led by a 100-point gain in the Dow Jones Industrial Average. The broader market showed mixed signals as technology stocks slipped while communication services rallied.
Markets
In photos: Key takeaways from day one of the UN General Assembly
World leaders descended on New York this week for the annual United Nations General Assembly, where the agenda spans the U.S.-Iran war and Russia's invasion of Ukraine to the fragile ceasefire in Gaza and the risks pose…
Markets
Stocks Settle Mixed as Chipmakers Climb and Financial Stocks Fall
The S&P 500 Index ($SPX) (SPY) closed unchanged on Tuesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.36%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.82%. December E-mini S&P futures (ESZ…
Markets
Oil Slips for a 5th Day as Nasdaq Rips in FOMO Fashion
Tuesday offered enough relief on that front. But the bigger point is still in plain sight: oil remains roughly 50% higher than a year ago, and nearly half of the US inflation overshoot can be traced to elevated energy a…
Markets
DOJ defends Trump ban of 3 news outlets, says White House access is a 'privilege — not a right'
The U.S. Department of Justice late Tuesday evening urged a federal judge not to block President Donald Trump's total ban of three news outlets from the White House, saying, "Access to the White House is a privilege — n…
Markets
Oil falls after U.S. and Iran talk for hours at UN meeting
Oil fell Wednesday, amid optimism that supply disruptions would ease following U.S.-Iran talks, which raised hopes of a diplomatic solution to the conflict in the Middle East.
Markets
Abacus Global director Matthew Ganovsky sells $674,349 in stock
Abacus Global Management, Inc. (NYSE:ABX - Get Free Report) major shareholder Matthew Ganovsky sold 24,000 shares of the stock in a transaction on Friday, September 18th. The shares were sold at an average price of $8.7…
Markets
Cathie Wood’s ARK sells Alphabet stock, buys Rocket Lab
Talk of SpaceX going public is sending the stocks of its partners and investors soaring. After multiple outlets reported earlier this month that SpaceX could pursue an IPO as soon as next year, The Wall Street Journal r…
Markets
Dollar Supported by Hawkish Fed Comments
The dollar index (DXY00) today is up by +0.05%. The dollar is slightly higher today, boosted by hawkish comments from the Fed. Chicago Fed President Austan Goolsbee said that, given higher inflation, the more prudent co…
Markets
‘It doesn’t seem fair’: I’m retired and have plenty of money. Why can’t I qualify for a retail credit card?
“I draw from my IRA as needed for household repairs, trips and other larger expenses.”
Markets
Sugar Prices Finish Higher as Rain Slows Brazil’s Sugar Harvest
October NY world sugar #11 (SBV26) closed up +0.11 (+0.63%) on Tuesday, and December London ICE white sugar #5 (SWZ26) closed up +0.40 (+0.08%).
Markets
Royal Caribbean nears $3 billion deal to take 50% equity stake in Sandals
Royal Caribbean is nearing a $3 billion deal to take a 50% equity stake in Sandals, according to a person familiar with the matter.
Markets
Worthington Industries earnings beat by $0.07, revenue topped estimates
Worthington Enterprises (NYSE:WOR - Get Free Report) issued its earnings results on Tuesday. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates…
Markets
The Nasdaq’s rapid rise to a record is sending a message to investors: Don’t wait for a pullback to buy
When the stock market hits a new record high, sometimes it can feel like a warning sign â as if the next move must be down. But an âall-time highâ is simply a new peak for an index such as the S&P 500; and in a ma…
Markets
Crude Oil Prices Pressured by Diplomatic Hopes in the Middle East
October WTI crude oil (CLV26) is down -0.17 (-0.18%) today, and October RBOB gasoline (RBV26) is up +0.0673 (+1.94%).
Markets
Qantas to start selling tickets next year for its New York to Sydney nonstop flight
Qantas Airways plans to start selling seats on its first nonstop between New York and Sydney next August, with flights set to launch in 2028, as the Australian carrier fills out the details for another marathon route wi…