FTSE 100 down 39 points at 10,230 UK gilts near recent highs amidst possible Starmer exit Intertek received higher offer from private equity suitor Vodafone, Imperial Brands, Wickes report results 2.49pm: US stocks open lower Wall Street has joined in the selling party. The...
FTSE 100 down 39 points at 10,230 UK gilts near recent highs amidst possible Starmer exit Intertek received higher offer from private equity suitor Vodafone, Imperial Brands, Wickes report results 2.49pm: US stocks open lower Wall Street has joined in the selling party. The...
jewhyte Microsoft ( MSFT ) targeted a $92B return from its large early investments in OpenAI ( OPENAI ), a landmark arrangement that helped usher in the current AI era. The goal was included in Microsoft planning documents from early 2023 and disclosed Monday in court, according to a Bloomberg News report. The investments “worked out well because we took the risk,” CEO Satya Nadella testified to a...
jewhyte Microsoft ( MSFT ) targeted a $92B return from its large early investments in OpenAI ( OPENAI ), a landmark arrangement that helped usher in the current AI era. The goal was included in Microsoft planning documents from early 2023 and disclosed Monday in court, according to a Bloomberg News report. The investments “worked out well because we took the risk,” CEO Satya Nadella testified to a jury hearing Elon Musk’s high-profile case against OpenAI and Microsoft in federal court in Oakland, California. The world’s largest software maker invested about $13B in the ChatGPT maker through early 2023. Since then, OpenAI’s valuation has skyrocketed to $852B by the end of March. As of October, Microsoft’s stake in the company was valued at about $135B. Musk is suing OpenAI co-founders Sam Altman, and Greg Brockman and Microsoft for $135B for converting the company into a for-profit entity, asserting he was duped into thinking it would remain a nonprofit when he provided $38M in startup funding. He's also asking the court to remove Altman and Brockman from their corporate roles and convert OpenAI back to a nonprofit entity. More on Microsoft, OpenAI Wall Street Lunch: Does AT&T's History Help Ease AI Capex Fears? Microsoft: Look Out For More Upside Ahead, Just Respect Risks Microsoft: The Best Time To Buy Is When Others Continue To Ignore OpenAI launches Daybreak, its AI security initiative competing with Claude Mythos Microsoft CEO says OpenAI's for-profit entity crucial 'to pursue its mission'
jewhyte Microsoft ( MSFT ) targeted a $92B return from its large early investments in OpenAI ( OPENAI ), a landmark arrangement that helped usher in the current AI era. The goal was included in Microsoft planning documents from early 2023 and disclosed Monday in court, according to a Bloomberg News report. The investments “worked out well because we took the risk,” CEO Satya Nadella testified to a...
jewhyte Microsoft ( MSFT ) targeted a $92B return from its large early investments in OpenAI ( OPENAI ), a landmark arrangement that helped usher in the current AI era. The goal was included in Microsoft planning documents from early 2023 and disclosed Monday in court, according to a Bloomberg News report. The investments “worked out well because we took the risk,” CEO Satya Nadella testified to a jury hearing Elon Musk’s high-profile case against OpenAI and Microsoft in federal court in Oakland, California. The world’s largest software maker invested about $13B in the ChatGPT maker through early 2023. Since then, OpenAI’s valuation has skyrocketed to $852B by the end of March. As of October, Microsoft’s stake in the company was valued at about $135B. Musk is suing OpenAI co-founders Sam Altman, and Greg Brockman and Microsoft for $135B for converting the company into a for-profit entity, asserting he was duped into thinking it would remain a nonprofit when he provided $38M in startup funding. He's also asking the court to remove Altman and Brockman from their corporate roles and convert OpenAI back to a nonprofit entity. More on Microsoft, OpenAI Wall Street Lunch: Does AT&T's History Help Ease AI Capex Fears? Microsoft: Look Out For More Upside Ahead, Just Respect Risks Microsoft: The Best Time To Buy Is When Others Continue To Ignore OpenAI launches Daybreak, its AI security initiative competing with Claude Mythos Microsoft CEO says OpenAI's for-profit entity crucial 'to pursue its mission'
tadamichi Asian equities traded mixed on Tuesday as the rally in technology shares lost momentum, giving way to widespread profit-taking, and w eaker U.S. futures weighed on sentiment. Investors also largely shrugged off President Donald Trump’s warning that the US-Iran ceasefire was on “massive life support” after he rejected Tehran’s latest peace proposal. Gold prices fell toward $4,700 an ounce...
tadamichi Asian equities traded mixed on Tuesday as the rally in technology shares lost momentum, giving way to widespread profit-taking, and w eaker U.S. futures weighed on sentiment. Investors also largely shrugged off President Donald Trump’s warning that the US-Iran ceasefire was on “massive life support” after he rejected Tehran’s latest peace proposal. Gold prices fell toward $4,700 an ounce on Tuesday, reversing gains from earlier in the session. WTI crude futures climbed toward $99 per barrel on Tuesday, extending gains from the previous session. The benchmark KOSPI fell more than 3% to around 7,540 on Tuesday, snapping a record-setting run. Japan's ( NKY:IND ) rose 0.52% to above 63,000, while the broader Topix Index also gained 1.1% to 3,882 on Tuesday, with the Nikkei remaining close to record levels. The Japanese yen weakened to around 157.5 per dollar on Tuesday, extending losses for a second consecutive session. The Bank of Japan kept its short-term policy rate unchanged at 0.75% at its April 2026 meeting, leaving borrowing costs at their highest level since September 1995. Japan’s foreign reserves rose by USD 8.25 billion to USD 1.38 trillion in April 2026 from a three-month low of USD 1.37 trillion in the previous month. The Summary of Opinions from the Bank of Japan’s April meeting showed policymakers discussing the possibility of additional interest rate hikes as early as the next meeting, as rising oil prices heightened inflation concerns. China's ( SHCOMP ) fell 0.50% to 4,218 on Tuesday, while the Shenzhen Component Index fell 0.3% to 15,854, with both benchmarks retreating from multi-year highs. Hong Kong ( HSI ) rose 0.05% to 26,560 on Tuesday, extending gains from the previous session. India ( SENSEX ) fell 1.14% to 75,355 on Tuesday, marking a fourth consecutive session of losses. The Indian rupee Australia ( AS51 ) fell 0.30% to 8,674 in early Tuesday trade, marking a third straight retreat . Australia’s NAB Business Confidence Index rose t...
(RTTNews) - Bavarian Nordic A/S (BVNKF, BAVA.CO), a vaccine company, announced that the U.S. Biomedical Advanced Research and Development Authority (BARDA) has exercised option worth $97 million in the current contract to supply freeze-dried doses of its JYNNEOS smallpox vaccine.
(RTTNews) - Bavarian Nordic A/S (BVNKF, BAVA.CO), a vaccine company, announced that the U.S. Biomedical Advanced Research and Development Authority (BARDA) has exercised option worth $97 million in the current contract to supply freeze-dried doses of its JYNNEOS smallpox vaccine.
(RTTNews) - German Telecom provider 1&1 AG (1U1.DE) reported Tuesday significantly higher earnings in its first quarter amid slightly higher revenues and weak contracts. Further, the company, which is part of United Internet AG (UTDI.DE), maintained outlook, expecting EBITDA grow
(RTTNews) - German Telecom provider 1&1 AG (1U1.DE) reported Tuesday significantly higher earnings in its first quarter amid slightly higher revenues and weak contracts. Further, the company, which is part of United Internet AG (UTDI.DE), maintained outlook, expecting EBITDA grow
A global data leak involving learning platform Canvas has exposed the personal information of more than 72,000 students and staff across Hong Kong educational institutions, with authorities warning of further threats targeting those affected. As of Tuesday, seven local educational institutions had reported data breaches to the Privacy Commissioner for Personal Data, including major universities su...
A global data leak involving learning platform Canvas has exposed the personal information of more than 72,000 students and staff across Hong Kong educational institutions, with authorities warning of further threats targeting those affected. As of Tuesday, seven local educational institutions had reported data breaches to the Privacy Commissioner for Personal Data, including major universities such as the Hong Kong University of Science and Technology (HKUST), Polytechnic University and City...
Global funds came back to emerging markets in April with an inflow of US$58.3 billion, which is expected to continue in coming months amid the recovery from the previous geopolitical panic. It comes as the reignited enthusiasm in AI has started drawing some global funds back to US stocks, but analysts said mainland and Hong Kong markets may benefit from the upcoming Trump-Xi meeting. According to ...
Global funds came back to emerging markets in April with an inflow of US$58.3 billion, which is expected to continue in coming months amid the recovery from the previous geopolitical panic. It comes as the reignited enthusiasm in AI has started drawing some global funds back to US stocks, but analysts said mainland and Hong Kong markets may benefit from the upcoming Trump-Xi meeting. According to a report by the Institute of International Finance (IIF), the April non-resident portfolio growth in...
Good morning . Keir Starmer faces growing pressure to step down. South Korea roils markets with talk of an AI tax. And the mayor of an affluent Los Angeles suburb resigns after admitting to being a foreign agent for China. Listen to the day’s top stories . — Lily Nonomiya Market Snapshot WTI crude oil futures $98.93 +0.9% Nasdaq 100 futures 29,281.25 -0.5% Market data as of 06:43 AM GMT. Data is s...
Good morning . Keir Starmer faces growing pressure to step down. South Korea roils markets with talk of an AI tax. And the mayor of an affluent Los Angeles suburb resigns after admitting to being a foreign agent for China. Listen to the day’s top stories . — Lily Nonomiya Market Snapshot WTI crude oil futures $98.93 +0.9% Nasdaq 100 futures 29,281.25 -0.5% Market data as of 06:43 AM GMT. Data is subject to provider delays. Keir Starmer is facing growing pressure to step down as Britain’s prime minister after dozens of Members of Parliament, including Cabinet allies, joined calls for him to set out a timetable for his departure. Those privately urging Starmer to consider handing control to a successor include Home Secretary Shabana Mahmood, according to people familiar. Asset manager Schroders is avoiding UK bonds on concerns that Starmer could be ousted in favor of a leader who would increase fiscal spending, while punters see Greater Manchester Mayor Andy Burnham as a lead contender to replace him. The ceasefire between the US and Iran reached a particularly precarious moment as Donald Trump said the agreement was on “massive life support” after he rejected Tehran’s latest peace offer. He called Iran’s response to his proposal a “piece of garbage” and said he “didn’t even finish reading it.” The standoff has also strained relations with China, with Trump slated to meet President Xi Jinping in Beijing this week. German Chancellor Friedrich Merz is seeking to reverse his beleaguered government’s fortunes by getting an ambitious reform agenda back on track amid plummeting public support. Merz’s Christian Democratic-led conservatives and the Social Democrats will meet today to try to find consensus on a plan to overhaul the country’s tax and pension system. South African President Cyril Ramaphosa said he would contest a report that criticized his handling of a robbery at his farm in 2020 after a ruling by the nation’s top court resurrected the scandal, and rejected cal...
Oxford Club's Marc Lichtenfeld identifies three stocks worth selling in May—DexCom, Colgate-Palmolive, and Oracle—and breaks down the risks behind each call.
Oxford Club's Marc Lichtenfeld identifies three stocks worth selling in May—DexCom, Colgate-Palmolive, and Oracle—and breaks down the risks behind each call.