Gold, silver and platinum’s red-hot rally still has further to go, strategists say
Gold, silver and platinum prices have been on a tear so far this year. Strategists say it’s not over yet.
BT shares soar as British broadband provider targets another £3 billion in cost cuts
Shares of British telecom company BT Group surged Thursday, on the back of the firm announcing further cost-cutting.
Meta slapped with child safety probe under sweeping EU tech law
Facebook parent company Meta on Thursday was hit with a major investigation from the EU into risks of its platforms to minors.
EasyJet shares fall on profit miss, CEO departure
Shares of EasyJet fell more than 7% Thursday after the low-cost airline posted a slightly larger than expected pre-tax loss of £350 million.
China’s Baidu beats quarterly revenue estimates on ad recovery, cloud
China’s Baidu beat analysts’ estimates for first-quarter revenue on Thursday, driven by a recovery in advertising sales and higher demand for cloud products.
U.S. inflation data fuels bets of Fed rate cuts as early as September — but analysts aren’t convinced
Traders appear increasingly confident that the U.S. Federal Reserve could start cutting interest rates as early as September.
China announces 15-day visa-free stay in select provinces for cruise travelers to boost tourism
Travelers can now stay in China up to 15 days visa-free when entering via cruises, the government announced Wednesday, as part of efforts to woo tourists.
Microsoft offers relocation to hundreds of China-based AI staff amid U.S.-China tech tensions
Microsoft has reportedly asked employees at its China-based cloud-computing and artificial-intelligence operations to consider relocation outside of China.
India ‘very favorable’ for IPOs, Peak XV says, as economy and investor sentiment stay strong
India offers a “very favorable” environment for companies to list, said Peak XV Partners.
Siemens shares slide over 5.5% on profit drop, slowing automation division
German technology giant Siemens on Thursday reported a a decline in earnings in the first three months of 2024 and said its automation division had slowed.
