The world’s biggest oil companies delivered a turbulent set of first‑quarter earnings, underscoring how the war in Iran and the closure of the Strait of Hormuz have distorted both profits and physical flows. While Shell and BP beat expectations on the back of strong trading and higher prices, ExxonMobil and Chevron reported headline profit declines,
SaaSpocalypse – a fear-driven sell-off where investors worried artificial intelligence (AI) would cannibalize traditional software-as-a-service providers – is finally hitting a wall. While the iShares Expanded Tech-Software ETF (IGV) remains down for the year, a powerful 14% surge over the last month suggests a structural turnaround. According to JPMorgan technical strategist Jason Hunter, the software
The US labour market delivered stronger-than-expected job growth in April, signalling continued resilience despite mounting concerns over trade tensions, artificial intelligence-driven job cuts and rising energy costs. Data released by the Bureau of Labor Statistics on Friday showed nonfarm payrolls increased by a seasonally adjusted 115,000 jobs last month, exceeding economists’ expectations for a gain
US equities advanced on Friday after a stronger-than-expected April jobs report reinforced confidence in the resilience of the labor market. The Dow Jones Industrial Average rose 208 points, or 0.4%, while the S&P 500 gained about 0.5% and the Nasdaq Composite advanced roughly 0.6%. Investors entered Friday’s session weighing a stronger-than-expected April payrolls report against
Starknet’s price has surged nearly 35% in the past 24 hours, reaching intraday highs of $0.061, with this coming amid a 400% spike in daily volume. Gains have pushed the STRK token’s price to a robust 71% uptick over the past month, mirroring renewed interest in privacy-focused assets. Notably, the upward trajectory mirrors strong performances
Shares of Advanced Micro Devices (AMD) surged sharply on Friday, rebounding from losses in the previous session. At the time of writing, the stock was up around 7% to trade at $436. Investor sentiment improved following stronger-than-expected US jobs data and continued enthusiasm around the chipmaker’s artificial intelligence outlook. AMD shares extended their recent rally
Nvidia stock (NASDAQ: NVDA) climbed again on Friday, extending a rally that has already pushed the stock to a fresh all-time high. NVDA touched fresh record territory between roughly $216.8 and $217.7 intraday on Friday before easing back toward the $215.80 level. The latest rally has reignited a familiar debate that follows every big leg
The AGI Society has confirmed the keynote speakers and full lineup for AGI-26, its 19th annual conference focused on Artificial General Intelligence, scheduled for July 27–30 in San Francisco. The speaker list includes researchers from leading institutions in machine intelligence, including Google DeepMind, MIT, Tufts University, and SingularityNET, reflecting a range of approaches to AGI.
US equities edged higher on Thursday, supported by declining oil prices and growing optimism that a deal to end the conflict involving Iran could be nearing completion. The S&P 500 rose 0.1%, while the Nasdaq Composite also gained 0.1%. The Dow Jones Industrial Average advanced 174 points, or 0.4%. Oil prices extend decline Energy markets
The number of Americans filing new claims for unemployment benefits rose modestly last week, underscoring continued resilience in the US labor market despite ongoing layoffs in the technology sector and broader economic uncertainty. Data released by the Labor Department on Thursday showed initial claims for state unemployment benefits increased by 10,000 to a seasonally adjusted