Pound Trading Frenzy Shows Option Market’s Fear of Truss Redux
Wednesday was the busiest day for pound options trading since the currency slumped toward an all-time low in 2022, an…
Oil steadies with weak China data and US stockpiles in focus
Oil steadied as traders assessed data that highlighted continued weakness in China’s economy, and a drawdown in US crude stockpiles.…
VW managers to take combined 300-million-euro pay cut
Volkswagen’s management will take pay cuts adding up to over 300 million euros ($310.08 million) by 2030, according to comments…
Stocks slip, dollar boosted by US rate outlook
Global stocks slid, with European shares set for a weak open on Wednesday as worries over U.S. inflation resurfaced and…
Oil Hits Three-Month High Above $75 on Signs of Stockpile Drop
US crude climbed above $75 a barrel for the first time in almost three months after an industry report pointed…
Microsoft to invest $3 billion in India, to expand AI and cloud capacity
Microsoft will spend $3 billion to expand its Azure cloud and artificial intelligence (AI) capacity in India, CEO Satya Nadella…
Wall Street Hit by Inflation Angst Amid Tech Rout: Markets Wrap
Stocks fell and bond yields rose after the latest economic data spurred bets the Federal Reserve won’t cut interest rates…
Intel shows off AI PC chips at CES 2025 as AMD, Qualcomm pour on the pressure
Intel (INTC) debuted its latest high-powered mobile chips for commercial PC users during its CES 2025 showcase on Monday. The…
Nvidia unveils robot training tech, new gaming chips and Toyota deal
Nvidia on Monday took the wraps off new products such as artificial intelligence to better train robots and cars, souped-up…
Apple agrees to settle a 2019 Siri privacy lawsuit for $95 million
Apple has moved to settle a five-year-old class action lawsuit over Siri privacy. Reuters reports that the proposed settlement was…