Shell Plc has agreed to acquire Canadian energy producer ARC Resources Ltd. in a deal valued at about $13.6 billion, as the oil major looks to strengthen its reserves base and expand production. The transaction, which also includes the assumption of roughly $2.8 billion in debt, values ARC at a premium to its recent trading
Big Tech is entering an intensifying race to secure reliable, long-term energy as the rapid expansion of artificial intelligence drives an unprecedented surge in data centre power demand. This is forcing companies to lock in everything from nuclear and geothermal to experimental sources such as fusion and even space-based solar. Against this backdrop, Meta Platforms
Corning stock price continued its strong uptrend and is now hovering at its all-time high as it became a big winner in the artificial intelligence (AI) space. This rally may come into question on Tuesday as the company publishes its financial results. Corning stock price is soaring as the AI hype continues Corning, the biggest
Wall Street’s main indexes were muted on Monday, as stalled peace talks between the United States and Iran and rising oil prices kept investors cautious ahead of a crucial week for earnings and monetary policy. The S&P 500 slipped about 0.04%, while the Nasdaq Composite declined 0.28%. On the other hand, Dow Jones Industrial Average
Shipping data on Monday indicated that at least seven vessels, primarily dry bulk carriers, traversed the Strait of Hormuz over the last 24 hours. This level of activity is consistent with the subdued pace observed recently, occurring as talks between Iran and the United States remain stalled. According to ship tracking data from Kpler and
Arbitrum’s ecosystem is at the center of a major DeFi recovery effort, with leading protocols urging the Arbitrum DAO to unfreeze roughly 30,766 ETH (worth about $71 million) linked to the Kelp DAO exploit. With the funds now locked in a DAO-controlled address, decision-making power has effectively shifted to Arbitrum governance. DeFi players urge Arbitrum
Qualcomm stock price surged by over 12% on Monday as investors cheered a potential partnership with OpenAI ahead of its much-anticipated financial results on Wednesday this week. QCOM jumped to $160, its highest point since January 2026 and 29% above its lowest level this year. Qualcomm partnership with OpenAI The QCOM stock price soared after
Oil prices edged up more than 2% on Monday as peace talks between the US and Iran stalled, while shipments through the Strait of Hormuz remained muted. Gold and silver dropped as energy prices climbed sharply, raising fears about higher inflation and elevated interest rates. The metals market is experiencing a subdued opening to the
Strategy (previously known as Microstrategy) expanded its Bitcoin holdings last week, purchasing an additional 3,273 BTC for approximately $255 million, even as analysts flagged concerns about the sustainability of the recent price rally. The acquisition, disclosed in an 8-K filing with the US Securities and Exchange Commission, was made at an average price of $77,906
Shares of Nvidia rose in early trading on Monday, extending a breakout rally that has pushed the stock to record highs. However, at the time of writing, shares of the chip maker had given up most of those gains to trade mostly flat. Investors are looking ahead to a key week of earnings from major