Robinhood fund takes $75M stake in OpenAI
Robinhood’s proprietary investment vehicle for retail investors has taken a small stake in privately held OpenAI, the trading company announced on Wednesday. The
Business
Business
Dow Jones jumps 417 pts as Trump extends Iran ceasefire
US stock indices moved higher on Wednesday after President Donald Trump extended the ceasefire with Iran, even as uncertainty persisted over the durability
Business
Economists push back Fed rate cut bets amid rising energy prices
The US Federal Reserve is likely to wait at least six months before cutting interest rates this year, as inflation pressures persist, according
Business
Analysis: Why jet fuel is the biggest oil market crisis now
The war in Iran and the resulting closure of the Strait of Hormuz have created an acute shortage in the oil market. But,
Business
GE Vernova stock jumps 13% as AI data center boom lifts outlook
Shares of GE Vernova surged on Wednesday after the energy company raised its full-year outlook and reported strong first-quarter results, underscoring the growing
Stocks
Bitcoin Price Approaches $78K Amid Ongoing Bullish Momentum
Bitcoin’s price rose beyond $77,500 due to increased holdings by Strategy and positive optimism in the financial markets. According to CMC data, bitcoin has
Investing
US dollar firms near weekly peak on Iran truce scepticism, strong data
The US dollar steadied near a one-week high in early Asian trade on Wednesday as investors raised fresh doubts about the durability of
Investing
Pound steady as Middle East uncertainty clouds inflation outlook
The British pound was little changed on Wednesday as markets continued to assess uncertainty surrounding the Middle East conflict. The muted movement came
Economy
EU approves €90B loan to Ukraine after Hungary lifts veto
The European Union has approved the disbursement of a €90 billion ($106 billion) loan to Ukraine, after Hungary lifted its veto. The development
Economy
FTSE 100 steady as oil jumps, UK inflation ticks higher
London’s benchmark FTSE 100 index remained largely unchanged on Wednesday as investors tracked developments in the Middle East and digested fresh inflation data