The latest US employment data has revived an increasingly familiar description of the US labour market: low hire, low fire. It is an unusual combination. Employers are adding very few workers, but they are also not cutting existing staff at a pace typically associated with such weak hiring. The result is a labour market that
Broadcom stock AVGO gained more than 2.7% in trading on Friday as Wall Street banks prepared a potential $60 billion financing package for artificial intelligence chip infrastructure. Bloomberg News reported that banks in Broadcom Inc.’s syndicate are preparing to market $42 billion of Class A senior-secured debt, while Blackstone is leading an additional $18 billion
Seagate Technology and Western Digital shares fell sharply at market open on Friday after a report that Japan’s Toshiba plans to significantly expand hard disk drive manufacturing, raising concerns that additional supply could weaken pricing power in a market benefiting from the artificial intelligence boom. Seagate shares STX fell about 13%, while Western Digital WDC
The FTSE 100 Index has pulled back in recent weeks, falling from a July high of 10,986 to its current level of 10,606. October will test this retreat as several major companies publish their results. This article looks at some of the top Footsie shares to watch in October, including Lloyds, Shell, and Barclays. Lloyds
OpenAI is seeking at least $30 billion in fresh funding at a valuation of about $1.4 trillion, while the 30-year US Treasury yield climbed above 5.61% to its highest level since 2002. Oil prices fell as Middle East exports improved, while gold recovered from a more than seven-week low. OpenAI seeking $30 billion funding OpenAI
US stocks ended lower on Tuesday as Treasury yields climbed to fresh multiyear highs, while investors assessed the outlook for interest rates ahead of key inflation and labour market data. The Dow Jones Industrial Average fell 136 points, or 0.26%, to 51,345.41. The S&P 500 declined 0.14% to 7,672.57, while the Nasdaq Composite slipped 0.08%
US stocks fell on Monday as rising oil prices and Treasury yields weighed on equities, while investors assessed uncertainty around the prospects for a US-Iran peace deal and its potential impact on Federal Reserve policy. The Dow Jones Industrial Average fell 343.78 points, or 0.66%, to 51,484.84. The S&P 500 declined 0.76% to 7,684.41, while
The crypto market was on edge over the weekend as the last rally of top altcoins being in the red. Bitcoin was stuck inside a narrow range above $84,000, while the valuation of all tokens rose to $2.89 trillion. This article looks at a forecast for some of the top tokens like Quant (QNT), Zcash
India’s 158-year old Tata Group is facing an unusually public battle over control, strategy and governance as the board of Tata Sons, the group’s principal investment holding company, finds itself at odds with the Tata Trusts, which control the company. The dispute, involving Tata Sons chairman N Chandrasekaran and Tata Trusts chairman Noel Tata, has
The bond market had another difficult week. The US 10-year Treasury yield climbed to around 5.2% this week, while the 30-year yield touched 5.5%, taking the two benchmarks to their highest levels since 2007 and 2004, respectively. The selloff has extended well beyond the US. Yields have also risen across major developed markets as higher