Dow rises 110 points as Nasdaq slides on AI fears, oil surge weighs
US stocks opened lower on Tuesday, led by weakness in technology shares, as investors reassessed whether the artificial intelligence boom can sustain its
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US corporate bonds see strong foreign demand led by tech shift
Foreign demand for US investment-grade corporate bonds has remained strong for 15 consecutive months, according to a note by Citigroup, as cited in
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UAE quits OPEC in seismic shift, but Hormuz crisis halts freed-up oil
In a seismic shift for the global oil market, the United Arab Emirates has confirmed its exit from OPEC and OPEC+, effective May
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Standard Chartered, BlackRock, OKX launch tokenised collateral framework
Standard Chartered said on Tuesday it has launched a new framework allowing institutional clients to use BlackRock’s tokenised short-term US Treasury fund as
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Nvidia stock slides as OpenAI fears spark selloff in chip stocks
Semiconductor stocks declined sharply on Tuesday, with Nvidia and its peers coming under pressure after fresh concerns emerged about the financial trajectory of
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Commodity wrap: Oil slips on UAE OPEC exit; gold at 3-week low
Gold slumped to a three-week low on Tuesday as energy prices climbed due to stalled negotiations between the US and Iran. Meanwhile, crude
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FTSE 100 gains on BP results despite geopolitical tensions
The UK’s benchmark FTSE 100 index edged higher on Tuesday, supported by a strong rally in energy stocks after BP reported better-than-expected first-quarter
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FMCG giants Nestle, P&G, Colgate have lost their shine: what next
The consumer goods giants that built empires on household staples are struggling to justify their valuations. At the time of writing, Nestlé has
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Corning stock falls as Q2 revenue forecast misses Street estimates
Corning reported better-than-expected first-quarter results but issued a softer revenue outlook for the current quarter, weighing on investor sentiment and halting a recent
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Norway wealth fund chief warns on AI job-cut backlash
The CEO of Norway’s $2.2 trillion sovereign wealth fund has urged companies to adopt artificial intelligence (AI) in a way that benefits society