Category: Business News

Deutsche Bank has significantly lowered its gold price forecast, warning of a potential drop to $3,800 per ounce if the Federal Reserve implements three to four rate hikes. This shift comes as resilient US economic data and monetary policy tightening are increasingly influencing gold prices, overshadowing geopolitical tensions and oil prices. Asian demand also shows…

Indian startup Equal AI has raised $30 million to expand its AI-powered call screening platform that answers and filters calls on users’ behalf. As spam, telemarketing, and service calls continue to overwhelm consumers, the company is betting that AI assistants will become a new layer between people and their communications. The funding reflects growing investor…

Google has launched DiffusionGemma, an experimental open model that generates text up to four times faster than traditional large language models. Built to self correct in real time and available openly on HuggingFace, it marks a shift in how AI progress is being measured, from intelligence alone to intelligence combined with responsiveness.

As AI becomes commonplace, innovation is no longer defined by advanced technology alone. This article explores the evolving benchmarks of AI excellence, including scalability, adoption, business impact, and trust, and asks a timely question: What truly makes an AI product innovative in 2026? ET Most Innovative AI Product Awards 2026 seek to recognize AI solutions…

Micron reported a record quarter with strong revenue, profits and margins, driven by sustained demand for AI memory products. Strong guidance reinforced investor confidence, lifting semiconductor stocks globally. The company’s growing role in AI infrastructure and long-term agreements support expectations of stronger and less cyclical earnings growth.

Cerebras posted strong first earnings as a public company, with revenue nearly doubling to $193.4 million and losses narrowing, but shares fell after weaker gross margin guidance raised profitability concerns.

U.S. Treasury Secretary Scott Bessent has backed Federal Reserve Chair Kevin Warsh’s push to revamp the Fed’s communication strategy, including a review of its widely watched dot plot interest-rate forecasts and forward guidance. Bessent argued that markets have become overly reliant on these projections, which often fail to accurately predict future policy moves.

SK Hynix’s rise to South Korea’s most valuable listed company reflects a long-term bet on HBM chips that became central to the AI boom. Backed by early investment and Nvidia demand, the company transformed from a struggling memory maker into a global semiconductor leader.

Wendy’s shares experienced a dramatic surge, climbing nearly 29% as retail investors flocked to the struggling fast-food chain. This rally, reminiscent of the 2021 meme stock craze, saw the stock trending on platforms like Stocktwits and Reddit. The significant buying interest from individual traders comes as the company faces sluggish sales and activist pressure, with…

Major financial firms Barclays and Stifel have boosted their S&P 500 year-end targets to 7,800, signaling strong confidence in corporate profits and the U.S. stock market’s resilience. This optimism, fueled by AI advancements and improved investor sentiment, suggests further upside potential. While inflation and interest rate concerns linger, strategists see earnings growth and capital spending…