Broadcom Inc. AVGO shares rose 5.3% in trading on Monday after the semiconductor company announced an extension of its long-standing partnership with Apple Inc. through 2031. The agreement reinforces Broadcom’s position as one of the iPhone maker’s key chip suppliers. The new multi-year agreement expands the companies’ collaboration on custom silicon products and provides Broadcom
Oracle Corp. (ORCL) shares gained 1.3% on Monday as investors returned to the stock following a sharp, debt-driven sell-off, amid improving broader market sentiment. The recovery also came as broader market sentiment improved, with the Nasdaq Composite gaining 0.95% and the S&P 500 advancing 0.44%. The move marked a shift in investor sentiment after weeks
Europe’s major stock markets ended higher on Friday, with the STOXX 600 and Germany’s DAX hitting record highs as investors rotated into cyclical sectors. Bitcoin climbed above $62,000 as large holders accumulated coins despite record ETF outflows. Tesla expanded its robotaxi service to Miami as competition in autonomous driving intensified. Poland’s prime minister warned that
Wall Street will enter the July 6-10 week with less room for error after a choppy start to the second half. The S&P 500 is still sitting near record territory, but the market is carrying a tricky mix of stretched valuations, a cooling labour market, fragile oil prices and fresh pressure in semiconductor stocks. The
US stock funds saw their biggest weekly exit since March, raising fresh questions about the strength of Wall Street’s rally. Investors pulled $17.2 billion from US stock funds in the week through July 1, according to Bloomberg, citing Bank of America strategists led by Michael Hartnett and EPFR Global data. The move does not signal
The chip that could make or break Wall Street’s confidence in artificial intelligence no longer lives inside a flashy graphics processor. Increasingly, it sits inside a memory module, and it is made by a company that started life in a Boise, Idaho, dental office basement in 1978. For most of its four-decade existence, Micron Technology
The artificial intelligence boom has a people problem, and it is getting worse faster than most investors have noticed. While Wall Street has spent the better part of three years fixating on chip stocks, hyperscaler spending, and the relentless march of AI valuations, a less glamorous drama has been unfolding in suburban town halls, county
The dollar’s rally is running into resistance as traders scale back some of the more aggressive Federal Reserve rate-hike bets that had powered the greenback higher. A softer US labour-market signal helped trigger the shift, but the move is now broader than one data point. The euro and sterling are gaining ground, commodity-linked currencies are
Global oil prices traded cautiously higher on Friday, supported by a weaker US Dollar, even as easing geopolitical concerns in the Middle East continued to cap gains. Brent crude hovered around $72.10 per barrel, while West Texas Intermediate (WTI) traded near $68.83 per barrel, with crude prices recovering modestly after recent declines ahead of the
Solana has climbed back above $80 for the first time since early June after a series of ecosystem-specific developments fueled fresh buying interest throughout the week. According to CoinGecko data, Solana (SOL) traded around $81.12 on July 3 after gaining more than 18% over the past seven days. The rally pushed the token above the