Wall Street

Wall Street fell after stronger-than-expected US inflation data fuelled expectations of a December Fed rate hike, while Brent crude briefly dropped below $90 a barrel.

The S&P 500 and Nasdaq closed higher, led by technology and semiconductor stocks, with the Philadelphia Semiconductor Index gaining 4.2%. All three major US indexes, however, posted weekly losses

Surging data-center spending, as highlighted in Amazon's massive cash burn, has turned once debt-light tech giants into major borrowers, while price hikes are squeezing global demand for devices

Market volatility slowed dealmaking at major US banks in September, but executives said pipelines remained strong and borrowers resilient, while equity trading revenue rose

Blackstone, KKR, TPG, General Atlantic and other global investors have spent about $10 billion buying stakes in Indian hospital chains over the past five years

Several companies tied to the data center industry have delayed their initial public offerings amid the increasing public backlash to these energy guzzling facilities

Big Tech companies have signaled that spending on AI would not slow down, with combined outlays set to surpass $730 billion this year

Wall Street must move beyond treating the Gulf as one market as Saudi Arabia, the UAE and Qatar chart increasingly divergent investment paths

Bank of America beat estimates for second-quarter profit, benefiting from record trading activity and a surge in dealmaking, one of five banks reporting on Tuesday

Wall Street advanced after a weaker-than-expected US jobs report eased fears of further Fed rate hikes, boosting investor sentiment across major indexes

The IPO, the biggest in US history, vaulted SpaceX's value above two Mag 7 members: CEO Elon Musk's other company, Tesla , and Meta Platforms

US stocks rallied to their best day in two months, and oil prices fell Thursday after President Donald Trump called off his threat to bomb Iran in the evening. That raised hopes for a potential deal that could get the global flow of oil going again. The S&P 500 jumped 1.8%, coming off a back-to-back drop that had yanked it back to where it was in early May. The Dow Jones Industrial Average leaped 929 points, or 1.9%, and the Nasdaq composite rallied 2.5%. Stocks immediately veered higher in midday trading after Trump said on his social media network that "discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved" and that the time and place of a signing will "be announced shortly." A deal to end the war with Iran could reopen the Strait of Hormuz and allow oil tankers to carry crude again from the Persian Gulf to customers worldwide. The price for a barrel of benchmark US crude sank 2.6% to $87.71. Brent crude, the ...

The Nasdaq had dropped 4.2 per cent on Friday after a hot jobs report ramped up expectations for Federal Reserve interest rate hikes

On Wall Street, all three indexes ended lower, led by a selloff in technology shares, including AI chipmaker Nvidia

Artificial intelligence chipmaker Nvidia's quarterly results surpassed Wall Street's expectations once again, fuelled by massive demand for its high-end AI chips. The company said Wednesday it earned USD 58.32 billion, or USD 2.39 per share, in the February-April period, up from USD 18.78 billion, or 76 cents per share, in the same period a year earlier. Excluding one-time items, Nvidia earned USD 1.76 per share. Revenue jumped 85 per cent to USD 81.62 billion from USD 44.01 billion. Analysts, on average, were expecting earnings of USD 1.75 per share and revenue of USD 78.91 billion, according to a poll by FactSet. Nvidia's results have exceeded the analyst projections that shape investors' perceptions since Nvidia's high-end chips emerged as AI's best building blocks three years ago. "The buildout of AI factories - the largest infrastructure expansion in human history - is accelerating at extraordinary speed," said CEO Jensen Huang in a statement. For the current quarter, Nvidia

In the first quarter, the president bought at least $1 million each in companies including Nvidia Corp., Oracle Corp., Microsoft Corp., Boeing Co. and Costco Wholesale Corp., according to documents

Shares were mixed in Asia on Wednesday, echoing a rally on Wall Street as oil prices eased on hopes the United States and Iran may resume talks to end their war. The price of Brent crude edged 0.2% lower but was still above $98 a barrel. US benchmark crude fell 0.4% to $89.29 a barrel. Lower oil prices help bring down costs for all kinds of businesses. President Donald Trump said he was extending the ceasefire with Iran at Pakistan's request while awaiting a "unified proposal" from Tehran. The US military was keeping its blockade of Iranian ports Japan's Nikkei 225 gained 0.5% to 59,653.56 and the Kospi in South Korea edged 0.2% lower to 6,374.46. Australia's S&P/ASX 200 fell 0.9% to 8,866.20. Hong Kong's Hang Seng shed 1.3% to 26,137.59, while the Shanghai Composite gained 0.1% to 4,090.24. In Taiwan, the Taiex was up 1.1%. On Tuesday, US shares were lifted by signs that diplomats were working through back channels to arrange a new round of talks between the United States and .

Even after a US-Iran ceasefire, investors warn global markets may not stabilise quickly, with elevated oil prices, rising bond yields and shaken confidence pointing to lasting financial risks

The announcement came hours before US President Donald Trump's deadline for Iran to reopen the Strait of Hormuz, the waterway that carries about one-fifth of global oil trade

Going ahead, analysts believe the probability of another year of relative underperformance remains high, unless earnings improve meaningfully, crude stabilises, and foreign flows return