Silicon Valley is heading toward what could become one of the most consequential listing waves in modern market history, with artificial intelligence heavyweights SpaceX, OpenAI, and Anthropic preparing to enter public markets at valuations that could redraw the hierarchy of global corporations. After several subdued years for technology listings, the expected debuts of the three
Quantum computing is quickly moving from a long-term research bet to a serious infrastructure race. Nvidia’s venture arm backed Alice & Bob, a French startup working on less error-prone quantum hardware, just as Washington moved to pump about $2 billion into nine quantum companies. The timing was not accidental, as the surge in investment reflects
Citigroup plans to allocate a significant share of its global wealth management hiring to Asia, where the bank’s private banking business is expanding faster and delivering stronger productivity than other regions, according to Andy Sieg, Citi’s head of global wealth. The hiring strategy forms part of the bank’s broader effort to strengthen returns from its
US stock-index futures advanced on Friday as a pullback in Treasury yields gave investors room to add risk before the opening bell, even as the Middle East conflict remained the market’s central geopolitical overhang. Dow, S&P 500 and Nasdaq 100 futures all climbed, helped by gains in megacap technology and chip stocks. Traders were also
The strong rally in US equities could face increasing pressure in the final stretch of the corporate earnings season as investors grapple with rising inflation concerns and surging bond yields. The benchmark S&P 500 has shown signs of volatility this week but remains less than 1% below its record high. The index is still up
The rapid expansion of artificial intelligence is creating a new investment opportunity beyond semiconductors and cloud computing as soaring energy demand in data centers drives growing interest in liquid cooling technologies. As AI systems become more powerful, the enormous heat generated by servers is forcing technology companies and hyperscalers to rethink how they cool their
The UK’s benchmark FTSE 100 index was on track to end a four-week losing streak on Friday after a series of economic data releases weakened expectations of an immediate interest rate hike from the Bank of England. The blue-chip index rose 0.21% by 11:18 am GMT, while the midcap FTSE 250 gained 0.57%. Investors appeared
Indian drugmaker Torrent Pharmaceuticals reported a 21.9% decline in fourth-quarter profit on Friday, as acquisition-related expenses linked to its deal with JB Chemicals and Pharmaceuticals weighed on earnings despite strong revenue growth. The company posted a consolidated net profit of 3.89 billion rupees ($40.65 million) for the quarter ended March 31, compared with 4.98 billion
Shares of Estée Lauder (EL) climbed sharply on Friday after the cosmetics company and Spanish beauty group Puig Brands announced they had terminated merger discussions that could have created one of the world’s largest luxury beauty companies. Estée Lauder shares rose roughly 11% in premarket trading, putting the stock on track for its strongest single-day
Wall Street opened higher on Friday ahead of the Memorial Day holiday weekend as investors monitored ongoing diplomatic efforts surrounding the nearly three-month-long conflict in the Middle East, while easing Treasury yields and continued enthusiasm around artificial intelligence supported broader market sentiment. The Dow Jones Industrial Average rose roughly 373 points, or 0.74%, while the