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Economy

Robinhood stock dives as crypto woes continue, costs rise: buy the dip?

Robinhood stock price slumped by over 9% in the extended hours after the blue-chip company’s earnings fell short of expectations because of the

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Investing

Pound slips as BoE outlook and Iran conflict cloud sentiment

Sterling edged lower against a stronger US dollar on Tuesday, as investors turned their focus to upcoming central bank decisions and ongoing geopolitical

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Economy

Coca-Cola stock jumps 3% after earnings beat estimates

Shares of The Coca-Cola Company rose over 3% in premarket trading on Tuesday after the beverage giant reported stronger-than-expected first-quarter results and raised

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Economy

FTSE 100 gains on BP results despite geopolitical tensions

The UK’s benchmark FTSE 100 index edged higher on Tuesday, supported by a strong rally in energy stocks after BP reported better-than-expected first-quarter

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Economy

FMCG giants Nestle, P&G, Colgate have lost their shine: what next

The consumer goods giants that built empires on household staples are struggling to justify their valuations. At the time of writing, Nestlé has

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Economy

Corning stock falls as Q2 revenue forecast misses Street estimates

Corning reported better-than-expected first-quarter results but issued a softer revenue outlook for the current quarter, weighing on investor sentiment and halting a recent

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Economy

Norway wealth fund chief warns on AI job-cut backlash

The CEO of Norway’s $2.2 trillion sovereign wealth fund has urged companies to adopt artificial intelligence (AI) in a way that benefits society

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Economy

Dow rises 110 points as Nasdaq slides on AI fears, oil surge weighs

US stocks opened lower on Tuesday, led by weakness in technology shares, as investors reassessed whether the artificial intelligence boom can sustain its

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Economy

US corporate bonds see strong foreign demand led by tech shift

Foreign demand for US investment-grade corporate bonds has remained strong for 15 consecutive months, according to a note by Citigroup, as cited in

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Economy

UAE quits OPEC in seismic shift, but Hormuz crisis halts freed-up oil

In a seismic shift for the global oil market, the United Arab Emirates has confirmed its exit from OPEC and OPEC+, effective May

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