The United States has paused negotiations on a proposed technology trade deal with the UK, after officials in Washington grew frustrated with the pace of progress, according to a Financial Times report published on Tuesday. The decision marks a setback for a flagship transatlantic initiative that was promoted as a major step toward closer cooperation
Dow futures retreated Tuesday as market participants braced for November’s employment report. The employment data, which is delayed due to the government shutdown, is a key economic indicator that could influence Federal Reserve policy decisions. The Dow Jones Industrial Average futures fell 72 points, or 0.2%, while S&P 500 futures declined 0.3% and Nasdaq 100
The ARKK ETF stock has done well this year, and is beating other funds like those tracking the Nasdaq 100 and S&P 500 indices. Its total return this year was ~40%, much higher than QQQ and VOO’s 20% and 17.7%. However, the fund remains much lower than its all-time high of $157.98. Its five-year performance
Two of Wall Street’s most influential technology analysts have laid out aggressive bull-case scenarios for Alphabet and Microsoft. They argued that accelerating artificial intelligence adoption could propel each company toward a $5 trillion market valuation by 2026. While both tech giants are already dominant mega-caps, these analysts contend that the market is still underestimating the
Alphabet Inc. is poised to record another substantial paper gain following a new SpaceX tender offer that sharply lifts the private company’s implied valuation. The transaction, which prices insider shares well above previous secondary sales, is expected to raise the carrying value of Alphabet’s long-held stake in Elon Musk’s rocket and satellite business. The development,
South Africa’s efforts to expand satellite internet access, with Starlink at the centre of the debate, are facing mounting political resistance. Lawmakers are pushing back against a proposed shift in telecom ownership rules that could allow foreign satellite providers to operate without local equity participation, reports Bloomberg. The dispute has reopened sensitive questions around economic
iRobot, the maker of the Roomba robotic vacuum cleaner, filed for Chapter 11 bankruptcy protection on Sunday, marking a dramatic reversal for a company that once defined the consumer robotics industry. The filing clears the way for iRobot to go private under a deal with Picea Robotics, its primary manufacturer, as mounting competition, debt and
As investors stare down the start of 2026, one thing is clear: the playbook that worked over the last decade won’t cut it in the next. Between stubborn inflation fears, a ballooning US national debt and relentless innovation in digital finance, the lines between Wall Street, Washington and Web3 are blurring fast. That’s exactly the
Broadcom stock (NASDAQ: AVGO) plummeted nearly 9% on Friday after the chipmaker warned that surging AI revenue would carry lower profit margins. The development disappointed investors who had been betting on the company’s transition into custom chips for hyperscalers. Friday’s sell-off came despite the company beating Wall Street estimates with fiscal Q4 revenue of $18.02
Nvidia stock (NASDAQ: NVDA) continues to trade in red for the fourth straight session as a wave of profit-taking swept across semiconductor stocks. The artificial intelligence stocks are witnessing a broader volatility after Oracle’s disappointing cloud revenue guidance and a stark margin warning from Broadcom that exposed uncomfortable truths about AI chip profitability. Nvidia stock