US stocks struggled to build on record gains as growing strains on the ceasefire between the US and Iran sent oil prices higher for a third straight day. The cautious mood follows flare-ups in the Middle East that are testing a fragile truce between Washington and Tehran, with US forces intercepting ballistic missiles and drones aimed at neighboring countries and striking an Iranian command center...
US stocks struggled to build on record gains as growing strains on the ceasefire between the US and Iran sent oil prices higher for a third straight day. The cautious mood follows flare-ups in the Middle East that are testing a fragile truce between Washington and Tehran, with US forces intercepting ballistic missiles and drones aimed at neighboring countries and striking an Iranian command center in response. The US is proposing new tariffs of at least 10% on imports from 60 trading partners in President Donald Trump’s biggest move to rebuild his protectionist wall since his earlier levies were struck down by the US Supreme Court. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
At least 21 people were killed when a fire ripped through a hotel in New Delhi on Wednesday, police said, in one of the deadliest blazes in the Indian capital in recent years. Building fires are common in India due to a lack of firefighting equipment and routine disregard for safety regulations. The fire broke out in the morning at Flourish Stay, a bed-and-breakfast in a congested neighbourhood in...
At least 21 people were killed when a fire ripped through a hotel in New Delhi on Wednesday, police said, in one of the deadliest blazes in the Indian capital in recent years. Building fires are common in India due to a lack of firefighting equipment and routine disregard for safety regulations. The fire broke out in the morning at Flourish Stay, a bed-and-breakfast in a congested neighbourhood in the south of the city, Delhi Police said in a statement. “It is with profound sorrow that 21...
Xiaolu Chu/Getty Images News Tesla's ( TSLA ) China-made vehicle sales jumped nearly 40% in May, outpacing growth in the country's broader electric-vehicle market as demand showed signs of recovery. The automaker delivered 85,982 vehicles from its Shanghai Gigafactory during the month, up 39.4% from a year earlier, according to preliminary data released by the China Passenger Car Association (CPCA...
Xiaolu Chu/Getty Images News Tesla's ( TSLA ) China-made vehicle sales jumped nearly 40% in May, outpacing growth in the country's broader electric-vehicle market as demand showed signs of recovery. The automaker delivered 85,982 vehicles from its Shanghai Gigafactory during the month, up 39.4% from a year earlier, according to preliminary data released by the China Passenger Car Association (CPCA). The factory produces Model 3 and Model Y vehicles for both the domestic market and exports. China's passenger EV market also expanded in May, with total sales reaching 1.36M units, up 12% year over year and 11% from April levels. The CPCA said the figures point to an “initial recovery” in China’s EV market. Among Tesla's rivals, BYD ( BYDDF ) ( BYDDY ) ended an eight-month streak of declining sales, delivering 376,990 new-energy passenger vehicles in May, essentially flat from a year earlier. Several Chinese EV makers posted stronger gains. Xiaomi delivered more than 30,000 EVs in May, up 7.1% from a year ago. Stellantis-backed ( STLA ) Leapmotor and Geely's ( GELYF ) ( GELHY ) Zeekr each reported sales growth of more than 80%, while Nio's deliveries rose 62.3% year over year following the launch of its latest flagship EV. Not all automakers shared in the rebound. Li Auto's ( LI ) deliveries fell 18.4% from a year earlier, while XPeng ( XPEV ) reported a 4.1% decline. More on Tesla Tesla Robotaxi Concerns Under Texas SB 2807 Houston, We Have A Problem: SpaceX, Tesla, And The xAI Bailout Nobody Voted On Tesla's Major Growth Engine Just Took A Hit Tesla EU sales recovery gains steam in May Tesla facing consumer lawsuit in China over FSD claims: report
Xiaolu Chu/Getty Images News Tesla's ( TSLA ) China-made vehicle sales jumped nearly 40% in May, outpacing growth in the country's broader electric-vehicle market as demand showed signs of recovery. The automaker delivered 85,982 vehicles from its Shanghai Gigafactory during the month, up 39.4% from a year earlier, according to preliminary data released by the China Passenger Car Association (CPCA...
Xiaolu Chu/Getty Images News Tesla's ( TSLA ) China-made vehicle sales jumped nearly 40% in May, outpacing growth in the country's broader electric-vehicle market as demand showed signs of recovery. The automaker delivered 85,982 vehicles from its Shanghai Gigafactory during the month, up 39.4% from a year earlier, according to preliminary data released by the China Passenger Car Association (CPCA). The factory produces Model 3 and Model Y vehicles for both the domestic market and exports. China's passenger EV market also expanded in May, with total sales reaching 1.36M units, up 12% year over year and 11% from April levels. The CPCA said the figures point to an “initial recovery” in China’s EV market. Among Tesla's rivals, BYD ( BYDDF ) ( BYDDY ) ended an eight-month streak of declining sales, delivering 376,990 new-energy passenger vehicles in May, essentially flat from a year earlier. Several Chinese EV makers posted stronger gains. Xiaomi delivered more than 30,000 EVs in May, up 7.1% from a year ago. Stellantis-backed ( STLA ) Leapmotor and Geely's ( GELYF ) ( GELHY ) Zeekr each reported sales growth of more than 80%, while Nio's deliveries rose 62.3% year over year following the launch of its latest flagship EV. Not all automakers shared in the rebound. Li Auto's ( LI ) deliveries fell 18.4% from a year earlier, while XPeng ( XPEV ) reported a 4.1% decline. More on Tesla Tesla Robotaxi Concerns Under Texas SB 2807 Houston, We Have A Problem: SpaceX, Tesla, And The xAI Bailout Nobody Voted On Tesla's Major Growth Engine Just Took A Hit Tesla EU sales recovery gains steam in May Tesla facing consumer lawsuit in China over FSD claims: report
Astera Labs showcases 320-lane PCIe 6.0 switch for vendor-agnostic scaling in data centers — up to 80 accelerators can be scaled up using PCIe alone Tom's Hardware
Astera Labs showcases 320-lane PCIe 6.0 switch for vendor-agnostic scaling in data centers — up to 80 accelerators can be scaled up using PCIe alone Tom's Hardware
A fund run by BNP Paribas Asset Management that’s outperformed 97% of its peers over the past year says it’s now moving into small-modular-reactor stocks after long shunning the sector as a “non-viable” investment. Ulrik Fugmann , co-manager of the BNP Paribas Clean Energy Solutions fund, says he and his team have been looking at “recent entrants” in the nuclear power sector, and zeroed in on comp...
A fund run by BNP Paribas Asset Management that’s outperformed 97% of its peers over the past year says it’s now moving into small-modular-reactor stocks after long shunning the sector as a “non-viable” investment. Ulrik Fugmann , co-manager of the BNP Paribas Clean Energy Solutions fund, says he and his team have been looking at “recent entrants” in the nuclear power sector, and zeroed in on companies “that have lower operating risks due to their order book, backers, and capital-light model.” Less than a year ago, Fugmann described the sector as being prone to “meme-like” rallies that made it uninvestable at the time. Valuations were just way too high, he said in October. That’s around about when the selloff started. Stocks including Oklo Inc. and Nuscale Power Corp. , whose share prices had more than doubled over the previous year based on bets they’d play a crucial role in powering AI data centers, have since plunged as investors grew wary of heady valuations attached to such nascent technology. According to FactSet Research Systems Inc. data , Fugmann’s fund has invested in X-Energy Inc. , which listed in late April. Fugmann confirmed the €1.2 billion ($1.4 billion) BNP fund, which amassed total returns of more than 100% over the past year, has just made its “first investment” in an SMR stock, while declining to identify the company by name. With a market capitalization of $10 billion, X-Energy was backed by Citadel Advisors LLC and Ares Management Corp. as of end-April, data compiled by Bloomberg show. Amazon.com Inc. signed a deal with X-Energy in 2024 to bring more than 5 gigawatts of new power projects online in the US by 2039. Small modular reactors are quicker to build and cheaper than the large-scale nuclear plants of previous decades. They can be manufactured in factories and assembled on site, helping to keep down costs and speed up construction. But for now, the technology is commercially untested, and it may take years before any SMRs go into service ...
JHVEPhoto The U.K.'s members of parliament are calling on their government to end a major deal with Palantir Technologies ( PLTR ) and disclose more details of a military contract with the company. The U.K.'s Science, Innovation and Technology Committee issued a report in which it said that it "identifies Palantir as the most concerning example of the public sector’s growing reliance on a small nu...
JHVEPhoto The U.K.'s members of parliament are calling on their government to end a major deal with Palantir Technologies ( PLTR ) and disclose more details of a military contract with the company. The U.K.'s Science, Innovation and Technology Committee issued a report in which it said that it "identifies Palantir as the most concerning example of the public sector’s growing reliance on a small number of major technology providers, including Microsoft and Amazon Web Services." British parliamentarians recommended breaking a £330M (about $445M) National Health Service, or NHS, contract with the U.S. company. The NHS Federated Data Platform, or FDP, contract is valued at £330M over a maximum seven-year period and will provide access for up to 240 NHS trusts and integrated care systems. The initial three-year commitment ends on Feb. 15, 2027, the report added. The committee said that the government should commit to exercising the February 2027 break clause in the Federated Data Platform contract and either develop an in-house replacement or seek an alternative developed by U.K.-owned and U.K.-based providers that are more compatible with the country's values. "Of the small number of technology providers that the UK public sector relies upon, Palantir concerns us most. In the United States it has supplied software for that country’s military and immigration services, supporting highly controversial policies and activities. Its co-founder has criticised the concept of a national health service and the company has issued a manifesto that makes explicitly political arguments, undermining what the head of their UK and European business told us," said the report. The parliamentarians also said that the government should confirm the exact nature of Palantir’s access to identifiable and non-identifiable patient data, on what basis it was authorized, and by whom. In addition, the committee said that the government should set out the reasons for awarding a £240M Ministry of Defe...
JHVEPhoto The U.K.'s members of parliament are calling on their government to end a major deal with Palantir Technologies ( PLTR ) and disclose more details of a military contract with the company. The U.K.'s Science, Innovation and Technology Committee issued a report in which it said that it "identifies Palantir as the most concerning example of the public sector’s growing reliance on a small nu...
JHVEPhoto The U.K.'s members of parliament are calling on their government to end a major deal with Palantir Technologies ( PLTR ) and disclose more details of a military contract with the company. The U.K.'s Science, Innovation and Technology Committee issued a report in which it said that it "identifies Palantir as the most concerning example of the public sector’s growing reliance on a small number of major technology providers, including Microsoft and Amazon Web Services." British parliamentarians recommended breaking a £330M (about $445M) National Health Service, or NHS, contract with the U.S. company. The NHS Federated Data Platform, or FDP, contract is valued at £330M over a maximum seven-year period and will provide access for up to 240 NHS trusts and integrated care systems. The initial three-year commitment ends on Feb. 15, 2027, the report added. The committee said that the government should commit to exercising the February 2027 break clause in the Federated Data Platform contract and either develop an in-house replacement or seek an alternative developed by U.K.-owned and U.K.-based providers that are more compatible with the country's values. "Of the small number of technology providers that the UK public sector relies upon, Palantir concerns us most. In the United States it has supplied software for that country’s military and immigration services, supporting highly controversial policies and activities. Its co-founder has criticised the concept of a national health service and the company has issued a manifesto that makes explicitly political arguments, undermining what the head of their UK and European business told us," said the report. The parliamentarians also said that the government should confirm the exact nature of Palantir’s access to identifiable and non-identifiable patient data, on what basis it was authorized, and by whom. In addition, the committee said that the government should set out the reasons for awarding a £240M Ministry of Defe...