US stocks rebounded on Thursday, with semiconductor shares leading the advance as investors looked past the previous session’s Federal Reserve-driven selloff and welcomed easing oil prices and encouraging economic data. The Dow Jones Industrial Average added 72.15 points, or 0.14%, to end at 51,564.70. The S&P 500 rose 1.08% to close at 7,500.58, while the
Despite the recent pullback, SpaceX (SPCX) stock continues to trade well above its IPO price of $135, leaving cautious investors wary of buying at current levels. For them, a key question is: how to capture the multi-billion-dollar secular expansion of the orbital economy without absorbing excessive single-stock risk. And the answer may lie in tapping
Hyundai Motor Group is moving closer to full control of Boston Dynamics, with plans to buy SoftBank Group’s remaining 9.65% stake in the US robotics company for $325 million, according to South Korea’s Maeil Business Newspaper. Hyundai’s board is expected to meet on June 22 to approve the purchase, the report said, citing unnamed industry
Asian stocks advanced on Friday, with Japan and South Korea setting fresh records, as the reopening of the Strait of Hormuz pulled oil prices lower and gave investors a stronger disinflation story to trade. The rally was not risk-free. The dollar hovered near a 13-month high after the Federal Reserve’s hawkish shift, pushing the yen
Indian IT shares fell sharply on Friday after Accenture’s weaker outlook revived concerns that global technology spending remains fragile despite strong investor enthusiasm around artificial intelligence. The Nifty IT index dropped as much as 5.8%, making it one of the worst-performing sector gauges in Mumbai, after Accenture lowered the upper end of its annual revenue
For more than a decade, the economics of mobile gaming followed a simple formula. Developers built games, attracted players, and then surrendered a major portion of every transaction to the platforms that controlled distribution. Apple’s App Store and Google’s Play Store became the primary gateways through which mobile games reached consumers. In exchange for access
Amazon has announced that it has become water positive in India, achieving a key sustainability target ahead of schedule as scrutiny grows over the environmental impact of expanding data centre infrastructure worldwide. The company said it now returns more water to communities than it uses across its direct operations in India, including corporate offices, fulfilment
Investors are turning their attention to Micron Technology’s upcoming earnings report for clues on whether the artificial intelligence-driven rally in the US stocks can sustain its momentum. While major US stock indexes remain close to record highs despite a sharp mid-week selloff, markets have continued to draw support from strong corporate earnings linked to the
UK equities were largely unchanged on Friday as the cancellation of US-Iran peace talks in Switzerland dampened investor sentiment and kept risk appetite subdued. Gains in energy and healthcare stocks, however, helped limit broader market losses. The benchmark FTSE 100 index slipped 5.40 points, or 0.05%, to 10,394.30 by 0948 GMT. The domestically focused FTSE
Cathie Wood’s ARK Invest increased its exposure to Tesla and Snowflake on Thursday while continuing to trim its position in Roku, according to the firm’s latest daily trading disclosures. The moves underscore ARK’s continued focus on artificial intelligence, cloud software, and long-term technology themes even as market volatility persists around some of its biggest holdings.