Economy

Economy
Economy

Stanley Druckenmiller just sold Google shares to load up on five AI hardware stocks

Stanley Druckenmiller just made a few portfolio moves that Wall Street is watching rather closely. The billionaire founder of Duquesne Family Office – widely regarded as the most influential active money manager since Warren Buffett’s retirement – has completely exited his position in Alphabet and piled into five AI hardware stocks instead. His latest 13F

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Economy

Why Kospi’s AI-fuelled rally is leaving South Korea’s won behind

South Korea’s stock market has become one of the biggest beneficiaries of the global artificial intelligence boom, powered by surging demand for semiconductors from technology giants such as SK Hynix and Samsung Electronics. Yet even as the country’s benchmark Kospi index has outperformed every other major equity market over the past year, the South Korean

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Economy

Crude drops 14% in May as peace hopes outweigh supply fears

Oil prices in May experienced extreme volatility as uncertainty about the US-Iran ceasefire kept the market on edge.  Even as Brent crude prices had climbed more than $110 per barrel earlier this month, the benchmark contract could not sustain the high levels for long.  Crude futures cooled in May as hopes for a US–Iran deal

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Economy

FTSE 250 heads for weekly gain as Ocado jumps on Asda deal

The UK’s domestically focused FTSE 250 index moved toward a second consecutive weekly gain on Friday, supported by a sharp rise in Ocado shares following a new agreement with supermarket group Asda and reports suggesting progress in efforts to extend a ceasefire between the United States and Iran. The blue-chip FTSE 100 index rose 0.3%

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Economy

Dow rises 160 points as AI rally offsets Iran ceasefire uncertainty on Wall Street

Wall Street opened higher on Friday as investors weighed reports of a possible agreement between the United States and Iran alongside continued optimism surrounding artificial intelligence-driven earnings growth. The Dow Jones Industrial Average rose about 169 points, or 0.33%, while the S&P 500 and Nasdaq Composite gained 0.24% and 0.29%, respectively. The cautious gains followed

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Economy

Danish pension fund rejects SpaceX IPO over valuation and governance concerns

A Danish pension fund that previously attracted attention for selling US Treasuries and exiting Tesla has said it will not invest in SpaceX, citing concerns over both valuation and corporate governance. AkademikerPension, which manages approximately $25 billion in assets, said the company is grossly overvalued and suffers from what it described as significant governance shortcomings.

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Economy

DxSale loses $7.3M in BNB Chain liquidity providers (LPs) hack

DxSale, a long-running token launch and liquidity locking platform widely used during the early BNB Chain memecoin boom, has suffered a major exploit that drained an estimated $7.3 million in liquidity provider (LP) funds. The incident affected more than 1,400 liquidity pools, according to on-chain tracking shared after the incident. The pools were spread across

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Economy

Can SUI recover after a 6-hour network outage sent the price lower?

Sui faced a sharp technical disruption on May 28, 2026, when the network stopped producing blocks for nearly six hours. The incident came shortly after a protocol upgrade, with reports pointing to a bug in the Sui 1.72 release that triggered a validator consensus failure. During the outage, transaction processing across the blockchain came to

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Economy

Dogecoin price analysis as memecoin fails to hold key level

Dogecoin (DOGE) slipped below the key psychological $0.10 level as risk-off sentiment swept through cryptocurrency markets. The token’s recent weakness has largely mirrored a broader retreat across risk assets. DOGE price falls amid crypto sell-off Dogecoin’s price movements have been closely correlated with macro developments in recent sessions, and the memecoin’s heavy retail ownership profile

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Economy

BYD expands ‘God’s Eye’ rollout amid EV price war

BYD unveiled new service packages on Thursday aimed at accelerating adoption of its “God’s Eye” assisted-driving platform as the company intensifies its push into autonomous driving amid slowing domestic demand and mounting competitive pressure. Chairman Wang Chuanfu said the automaker’s long-term goal is to achieve “zero traffic accidents” through intelligent driving technology. As part of

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