Crude oil price held steady on Friday, with Brent ending the week at $104.5 and the West Texas Intermediate (WTI) hitting $93. Brent has jumped by nearly 10% from its lowest level this month, and this recovery may continue as the Middle East erupts. Houthi and Saudi Arabia crisis escalates Crude oil prices reacted mildly
US stocks rose on Friday as technology shares rebounded from a sell-off earlier in the week, helping Wall Street recover amid elevated Treasury yields, volatile oil prices, and concerns about artificial intelligence valuations. The Dow Jones Industrial Average gained 423 points, while investors looked ahead to third-quarter earnings and upcoming inflation data. The Dow rose
SoundHound stock has plunged to its lowest level since November 2024 as investors continue betting against the voice AI company. It slumped to a low of $5.38 on Friday, down by nearly 80% from its all-time high, a sign that Nvidia’s investment has flopped. Investors are aggressively betting against SoundHound stock SOUN stock has plunged
AI investment is adding another layer of pressure to US borrowing costs, as technology companies raise more debt to finance infrastructure, and expectations of future productivity gains influence long-term interest rates. ING, in its October 1 report, estimates that artificial intelligence accounts for about 20% of the forces influencing long-dated rates, with productivity expectations representing
SpaceX chief Elon Musk’s years-long effort to bring its satellite internet service Starlink to India took a dramatic turn this week. Musk, whose company competes with Ambani’s Reliance Jio and Eutelsat’s OneWeb in India’s satellite communications market, on Thursday took to X, the social media platform he owns, to challenge the delay in Starlink’s commercial
Apple shares (NASDAQ: AAPL) fell around 2% in premarket trading Friday after a report said the company had asked some component suppliers to reduce orders for its latest iPhone 18 Pro and iPhone 18 Pro Max models, raising concerns about demand. According to a report by Nikkei Asia, Apple has instructed some suppliers to cut
US stock futures moved higher on Friday as investors attempted to stabilise after Thursday’s tech-led sell-off, with easing oil prices and a partial rebound in AI shares improving risk appetite. Dow futures were up 0.17%, S&P 500 futures gained 0.4% and Nasdaq 100 futures rose 220 points or 0.72%. Nvidia climbed 1.6% premarket, while Tesla
Nvidia stock remained under pressure this week as prominent investors Ray Dalio and Michael Burry warned that an AI bubble could burst. Shares also fell after Firmus pulled its IPO and as investors reacted to recent reports on OpenAI’s revenue. The stock now trades at $230, about 5.4% below its high for the year. Firmus
Tesla TSLA shares rose more than 1.5% in premarket trading Friday after the electric vehicle maker reported a 5% year-over-year increase in sales of China-made vehicles in September. The stock appeared poised to open higher after falling in each of the previous two sessions. The latest sales figures offered another sign of improving demand for
Tesla TSLA shares rose more than 1.5% in premarket trading Friday after the electric vehicle maker reported a 5% year-over-year increase in sales of China-made vehicles in September. The stock appeared poised to open higher after falling in each of the previous two sessions. The latest sales figures offered another sign of improving demand for