US stocks closed at record highs on Friday, capping a strong month for Wall Street as technology shares rallied on renewed optimism surrounding artificial intelligence and easing concerns over geopolitical tensions in the Middle East. The Nasdaq Composite rose 0.2% to close at 26,972.62, while the S&P 500 gained 0.22% to finish at 7,580.06. The
Issaquah-headquartered Costco Wholesale (COST) ended in the “red” on May 29 after the big-box retailer’s Q3 per-share profit came in shy of Street estimates. The multinational’s total revenue surpassed $70 billion in its fiscal third quarter – handily beating the consensus – but a more than 15% increase in EPS to $4.93 missed expectations. But
Anthropic’s rise to become Silicon Valley’s most valuable artificial intelligence company marks a dramatic turning point in the AI race and signals a broader shift in how investors are beginning to evaluate the future of the industry. For nearly two years, OpenAI appeared firmly positioned as the dominant force in generative artificial intelligence after ChatGPT
SpaceX’s highly anticipated public market debut has spawned a fast-growing crypto shadow market that is allowing retail traders around the world to speculate on the company’s valuation months before its shares reach public markets. Here’s what’s behind the hype. According to Forbes, decentralised derivatives platform Trade.xyz recently launched SPCX-USDC, a perpetual futures contract on Hyperliquid
Stanley Druckenmiller just made a few portfolio moves that Wall Street is watching rather closely. The billionaire founder of Duquesne Family Office – widely regarded as the most influential active money manager since Warren Buffett’s retirement – has completely exited his position in Alphabet and piled into five AI hardware stocks instead. His latest 13F
South Korea’s stock market has become one of the biggest beneficiaries of the global artificial intelligence boom, powered by surging demand for semiconductors from technology giants such as SK Hynix and Samsung Electronics. Yet even as the country’s benchmark Kospi index has outperformed every other major equity market over the past year, the South Korean
Oil prices in May experienced extreme volatility as uncertainty about the US-Iran ceasefire kept the market on edge. Even as Brent crude prices had climbed more than $110 per barrel earlier this month, the benchmark contract could not sustain the high levels for long. Crude futures cooled in May as hopes for a US–Iran deal
Investors are preparing for a crucial week as fresh labor market data and earnings from Broadcom could influence the direction of US stocks. Market participants are weighing whether persistent inflation and the possibility of higher interest rates could threaten the strong rally in equities. US stock indexes continued their upward momentum this week. The benchmark
Indian budget carrier IndiGo reported a fourth-quarter loss on Friday as the country’s largest airline faced pressure from domestic capacity constraints, a weakening rupee, and higher fuel prices. The airline posted a loss of 26.62 billion rupees ($280.2 million) for the quarter ended March 31. This compares with a profit of 30.73 billion rupees recorded
Inflation in the euro zone’s four largest economies remained above the European Central Bank’s 2% target for a third consecutive month in May, according to preliminary data released on Friday. Rising fuel costs linked to the Iran war continued to affect consumer prices, with signs that higher energy costs are spreading to other parts of