Gold remained under pressure on Thursday as resilient US consumer spending and a continued rally in oil prices weighed on investor sentiment, offsetting support from softer inflation expectations and ongoing geopolitical tensions. The precious metal struggled to hold support at $4,000 an ounce, with investors reassessing the outlook for interest rates after the latest US
Memory chip and storage stocks fell sharply on Thursday as investors extended a broad semiconductor selloff following Taiwan Semiconductor Manufacturing Co.’s quarterly results, despite the world’s largest contract chipmaker posting record earnings. TSMC reported its fifth consecutive quarter of record profit, beating analyst expectations. However, investors focused instead on the company’s higher-than-expected capital spending plans,
IBM stock suffered its worst one-day decline on record after the technology group admitted that customers were moving money away from its products and towards urgently needed data-centre infrastructure. The stock plunged 25.2% to $217.07 on Tuesday, leaving it just above its 52-week low, after preliminary second-quarter revenue and profit missed Wall Street forecasts. Yet
ASML Holding raised its financial guidance for 2026 on Wednesday after reporting stronger-than-expected second-quarter earnings and announcing plans to increase capacity. The results showed that robust demand for artificial intelligence chips continues to fuel investment across the semiconductor industry. The Dutch company, the world’s largest supplier of semiconductor manufacturing equipment, now expects full-year 2026 net
Crypto exchange Bitrue has launched an artificial intelligence-powered trading platform that lets users build and activate automated strategies without writing code, as demand for AI-linked markets accelerates among its customers. The product, called Bitrue AI, can generate a personalised strategy in about 10 seconds after a user selects an asset and preferred risk level, according
SpaceX stock (NASDAQ: SPCX) briefly looked unstoppable after the world’s largest initial public offering, but almost all the early excitement has now disappeared. Shares closed Tuesday at $136.08, only $1.08, or 0.8%, above the $135 offering price. The stock has fallen almost 40% from its June 16 intraday peak of $225.64, wiping an estimated $1.2
Chinese artificial intelligence start-up DeepSeek has begun discussions with investors for a new fundraising round that could value the company at around $70 billion on a pre-investment basis. The move comes shortly after the company completed its first external financing round, highlighting continued investor interest in the AI firm. The planned fundraising follows DeepSeek’s recently
US stock futures edged higher on Wednesday as investors weighed a blockbuster takeover approach for PayPal against fresh inflation data and another test of corporate earnings. Dow futures were up 15 points, S&P 500 futures gained 0.1%, while Nasdaq-100 futures advanced 0.4%. The gains followed a strong start to bank earnings and a softer-than-expected consumer-price
Netflix will report its second-quarter earnings on Thursday, with investors looking for signs that the streaming giant can reignite growth after its shares fell about 20% this year. While Netflix has consistently outperformed expectations over the past few years, concerns over slowing engagement, moderating subscriber growth, and increasing competition have weighed on investor sentiment. The
London’s FTSE 100 slipped on Wednesday as investors remained cautious over escalating tensions in the Middle East. Losses in precious metals miners outweighed gains in energy stocks, which benefited from a rise in oil prices. The blue-chip FTSE 100 index had fallen 0.1% to 10,515.73 points. The midcap FTSE 250 index also edged lower, declining