Nio stock price to enter beast mode as rare golden cross forms
The Nio stock price has staged a strong comeback this year, matching our recent forecasts. It jumped to a high of $5.95 in the premarket, its highest point since October…
How long until the housing market recovers? Redfin CEO weighs in
Existing home sales in the US rose 2% in July, signaling a modest rebound in buyer activity.However, home price growth slowed to just 0.2% for the month, even as inventory…
Europe markets open: FTSE 100 up 0.1% as investors brace for PMI data
A dramatic day of reckoning is unfolding in European markets, as a shocking corporate collapse sends a chill through London while the broader continent holds its breath ahead of a…
ASX 200 breaches 9,000 points for the first time: here’s what drove the surge
Australian shares surged past the key 9,000 mark for the first time on Thursday, lifted by financials and a string of upbeat corporate earnings. The S&P/ASX 200 index gained 1.1%…
Cracks appearing?
By mid-August, both the S&P 500 and NASDAQ had hit a succession of fresh all-time highs as investors sloughed off concerns over the Trump administration’s tariffs. US tech continued to…
Why is tech at war over AI talent?
The world’s biggest tech companies are tearing up the rulebook in their pursuit of AI. Energy, infrastructure, talent. It’s about who gets there first.What started as a race to build…
After massive spending spree worth $14.3 billion, Meta halts AI hiring
Meta Platforms has paused hiring for its newly formed artificial intelligence division, a move that comes after a year of intense spending on talent, acquisitions, and infrastructure. The decision, which…
Global crude departures remain high, but oversupply fears unmaterialised
Global crude and condensate departures remained high in the first half of August, reaching approximately 41 million barrels per day, Vortexa said in an update. The figure is 2% higher than…
Starbucks expands coconut water drink test to hundreds more stores
Starbucks is expanding its health and wellness offerings by testing coconut water beverages in hundreds of additional stores.The new Coco Matcha and Coco Cold Brew—which layers creamy matcha foam or…
WH Smith shares tumble 40% after £30m accounting error in North America
Shares of WH Smith plunged by nearly 40% on Thursday after the travel retailer revealed it had overstated earnings at its North American division, forcing a steep downgrade to its…