The ongoing LPG crisis in India, triggered by the Iran war, has exposed the country’s deep dependence on fuel imports. “This is a wake-up call,” Alok Kumar, former power secretary in the Union Ministry of Power, India, and current DG of All India Discoms Association, told Invezz. “It’s good that we discuss this and the
Li Lu may not be a household name for retail investors, but in the halls of Berkshire Hathaway, he is revered. Born in China and shaped by the 1989 student protests, Lu eventually found his calling at Columbia University after hearing a lecture by Warren Buffett. His investment firm, Himalaya Capital, now manages $3.5 billion
A growing share of Gen-Z (defined as those born between 1997 and 2012) is stepping away from work and education at the same time that debt burdens are rising and wages are struggling to keep up with living costs. Across major economies, millions of young people are now classified as NEETs, meaning they are not in
Wall Street opened lower on Friday as the escalating conflict involving Iran approached its fourth week, unsettling energy markets and forcing investors to reassess expectations for interest-rate cuts by the Federal Reserve. Dow Jones Industrial Average, S&P 500, and Nasdaq 100 all opened lower. Dow Jones Industrial Average was down 0.23% or 104 points. The
GE Aerospace stock price has plunged in the last month, erasing the gains made after it released its financial results. It dropped to $290 on Thursday, its lowest level since December 11 this year. This retreat may continue in the near term ahead of Donald Trump’s trip to China. Why is the stock slipping? GE
Shares of American logistics and transportation giant FedEx jumped by over 7.6% on Friday after it reported stronger-than-expected third-quarter results and lifted its full-year guidance. The company posted adjusted earnings per share of $5.25 on revenue of $24 billion for its fiscal third quarter, comfortably ahead of Wall Street estimates of $4.15 per share on
Arm Holdings Plc shares surged on Friday after a major analyst upgrade and growing optimism around its role in the artificial intelligence (AI) chip ecosystem fueled investor interest. The stock gained 7% to its intraday high, extending its recent rally as analysts highlighted the company’s evolving business model and stronger earnings potential tied to AI-driven
Shares of Tesla dropped more than 2% on Friday, extending recent losses as broader U.S. markets weakened amid escalating geopolitical tensions. At the time of writing, the Tesla stock was down over 2% to trade at $372. The Dow Jones Industrial Average fell 163 points, or 0.4%, while the S&P 500 declined 0.8%. The Nasdaq
Uber Technologies is stepping up its autonomous ambitions through a new partnership with electric vehicle maker Rivian Automotive, committing to invest up to $1.25 billion to support a large-scale robotaxi rollout. The agreement outlines plans to deploy as many as 50,000 autonomous vehicles across major markets by 2031. It signals a renewed push by both
The US market indices opened lower on Thursday, extending a broad risk-off sentiment across global markets as surging oil prices and persistent inflation concerns weighed on investor confidence. Dow Jones Industrial Average fell about 0.65% or 298 points while S&P 500 and Nasdaq 100 slipped roughly 0.81% and 1.13%, respectively. The decline follows a sharp