Broadcom, Nvidia shares rise on surging Google capital expenditures for AI
Much of Google’s AI software doesn’t run on industry-standard Nvidia chips, but instead on its own tensor processing units. Broadcom helps Google make its TPUs.
Oil giant Shell posts weakest quarterly profit in nearly five years, keeps buybacks steady
The results come as lower oil prices force European energy majors to confront some tough choices this earnings season.
European stocks head for mixed open ahead of earnings from Shell, Maersk and more
European stocks are expected to open flat to lower as traders gear up for more regional earnings reports Thursday.
U.S. proposes critical minerals trade bloc aimed at countering China’s grip
The U.S. is mobilizing allies into a preferential trade bloc for critical minerals as part of efforts to counter China’s dominance in the market.
Why Asia’s richest man and BlackRock CEO want Indians to pick equities over gold
Indians are among the leading buyers of gold in the world, but the country has been seeing increasing financialization of savings, with mutual funds growing in popularity.
Silver resumes its slide, plunging 13%, after short-lived rebound
Silver prices slid as much as 16% on Thursday, snapping a two-day rebound as investors continued to unwind positions.
China’s Xi reasserts Taiwan stance in call with Trump, while U.S. president pushes trade
Beijing stressed Taiwan is the most important issue while Trump highlights the trade aspects of the bilateral relations.
Alphabet’s strong quarter eases fears about the search giant’s sky-high spending
The Street is taking a doubling in capital expenditures in stride.
Paul Weiss chairman Brad Karp resigns after Jeffrey Epstein email disclosures
The Department of Justice last week released millions of documents related to the notorious sex offender Jeffrey Epstein.
China’s Hong Kong-listed tech stocks enter bear market as tax ands AI fears take hold
Chinese technology stocks have slid into bear market territory, marking a sharp reversal from last year’s rally.