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Gold prices saw a modest uptick on Friday, buoyed by a weaker dollar and slightly eased expectations of U.S. interest rate hikes following inflation data. Despite this rebound, gold is still on track for its fourth consecutive weekly dip. This slight recovery comes after hitting a seven-month low earlier in the week, with analysts pointing…
Upcoming jobs data could signal a strong U.S. economy, potentially leading to interest rate hikes and stock market jitters, especially for tech shares. While major indexes are set for a solid first half, recent volatility in semiconductor stocks highlights investor concerns about AI-driven profits and overheated markets. Inflation remains a key focus for the Federal…
European markets retreated from record highs Friday, with tech stocks mirroring global weakness. Zalando shares plunged after a German probe into its accounts, impacting the retail sector. Investors grappled with AI’s uncertain impact on tech, while chipmakers saw declines. Despite the dip, the STOXX 600 managed modest weekly gains, buoyed by easing oil concerns and…
A recent tech sell-off exposed how modern speculation amplifies both rallies and reversals. Retail investors’ enthusiasm for leveraged products tied to AI chips and SpaceX, alongside financial engineering in crypto, led to rapid gains and equally swift losses. These products, designed for faster, more concentrated bets, are increasingly shaping market dynamics, bringing a casino-like element…
Tata Sons has reported robust growth for FY26, with income from operations nearing ₹42,000 crore and net profit around ₹32,000 crore, a significant rebound from the previous year. The company doubled its dividend payout to Tata Trusts to over ₹3,000 crore. Key operating companies like TCS and Tata Motors, alongside emerging ventures such as Tata…
SpaceX is set to join the Nasdaq 100 index on July 7, a move expected to attract billions in passive investment. This inclusion follows Nasdaq’s relaxed entry criteria, making it easier for companies like SpaceX, which has shown fluctuating profitability, to enter major indices. While some see this as a positive sign of demand, others…
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Wall Street ended lower on Friday, with AI chip stocks experiencing a significant downturn while Moderna and other healthcare companies surged. Investors are weighing the long-term potential of AI against concerns about the substantial investment required for data centers. Inflationary pressures, fueled by energy prices and chip costs, remain a concern, impacting companies like Apple…
Weis Markets has partnered with Instacart to launch AI-powered Caper Carts, bringing smart shopping cart technology to select grocery stores. Featuring computer vision, digital coupons, loyalty rewards and real-time spending updates, the initiative highlights how artificial intelligence in retail is reshaping the in-store shopping experience and driving the next phase of retail innovation.
Meta and Reliance Industries are expanding their partnership beyond connectivity to build an AI-enabled data centre in Jamnagar, Gujarat, marking a major step in India’s AI infrastructure journey. The collaboration underscores India’s growing role as a global AI hub while placing sustainability and renewable energy at the centre of the next wave of digital growth.