NEW YORK (AP) — A recovery for Nvidia is helping keep U.S. indexes close to their records Tuesday. The S&P 500 rose 0.3% in afternoon trading, closing in on its all-time high set a week earlier. The recovery for Nvidia sent the Nasdaq composite up 1.1%, heading for its first gain in four days. The … Read more
Nvidia has quickly lost about $500 billion in market capitalization over concerns that the GPU maker may have become overvalued or that the AI market powered by its chips is a bubble about to burst. The California-based company overtook Microsoft last week to become the world’s most valuable company with a market capitalization of $3.335 … Read more
MDrugs that enable dramatic weight loss are likely to experience a new boom in use, experts say, with the first generic versions hitting the market this week at a lower cost than the original drugs. The injections, dubbed ‘skinny jabs’ by the media, can help people lose more than 10% of their body weight and … Read more
Pendle, Lido DAO and Ethereum Name Service were the biggest winners last week. zkSync, dogwifhat and Notcoin were the biggest losers of the week. Shuttle [PENDLE] saw the market swing in its direction as it emerged as the biggest winner in a turbulent week for cryptocurrencies. Meanwhile, zkSync had a challenging debut, quickly feeling the … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Emerging market currencies are on track for their worst first half of the year since 2020, pushed lower by an unexpectedly strong dollar and a decline in a popular trading strategy in Latin American markets. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. The US will be forced to finance a huge increase in its budget deficit with short-term debt, analysts say, with implications for money markets and the fight against inflation. The Congressional Budget Office, the independent … Read more
Rolls-Royce shares hit a record high, pushing its value above £40 billion for the first time. In another bullish session for the tech giant, Goldman Sachs analysts raised their price target for the share from 524p to 545p. The upgrade saw Rolls-Royce shares rise 2.8 percent (or 13 cents) to 485.5 cents, valuing its value … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. A new Labor government could raise extra money for investment in the bond markets without triggering a Liz Truss-style government bond crisis, according to fund managers. Shadow Chancellor Rachel Reeves has pledged to deliver on … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Senior executives in the insurance industry have said Britain is falling behind the growing in-house insurance market as more companies choose to set up their own entities to cover business risks. London’s specialist commercial insurance … Read more
Paris has lost its position as Europe’s largest stock market to London as investors reacted to political unrest in France in the week since Emmanuel Macron called snap elections. Shares listed on Euronext Paris were collectively worth around $3.13 trillion after around $258 billion were removed from the market capitalization of French companies last week, … Read more