Oil majors are in the spotlight as the effective closure of the Strait of Hormuz forces traders to reprice supply risk, sending benchmark crude sharply higher and pushing selected energy stocks toward fresh highs. With tankers avoiding one of the world’s most vital chokepoints and maritime traffic reportedly down about 80%, investors are rotating into
US consumer prices rose moderately in February, suggesting inflation remained contained before a recent surge in energy prices triggered by the conflict involving Iran, according to government data released on Wednesday. The Consumer Price Index increased 0.3% in February after rising 0.2% in January, the Labor Department’s Bureau of Labor Statistics said. The reading was
Amazon’s autonomous vehicle company Zoox is preparing to bring its self-driving vehicles to the Uber app in Las Vegas this summer. The partnership allows riders to request Zoox vehicles directly through Uber while the company continues operating its own app. The collaboration reflects growing momentum around autonomous mobility as technology firms and transport platforms compete
The US stocks opened mixed on Wednesday as the Dow Jones edged lower, while the S&P 500 and Nasdaq posted modest gains. The investors continue to weigh the latest developments in the US-Iran war and volatile oil prices while digesting fresh US inflation data. The Dow slipped 82 points, or 0.2%, while the S&P 500
After four years of applications, regulatory back-and-forth, and an extended mobilisation period that has broken UK records for its length, Revolut finally secured a full banking licence in its home market. The development came on Wednesday as a milestone that would end a process that began in 2021 and has been watched closely across Europe’s
The International Energy Agency triggered its largest-ever strategic oil release on Wednesday, flooding the market with 400 million barrels of crude to counter a supply crunch gripping global energy markets. The extraordinary move came as Brent crude hovered near $91 a barrel amid escalating Middle East conflict and tanker disruptions in the Strait of Hormuz.
Artificial intelligence infrastructure spending is accelerating as technology companies race to build the computing backbone required for advanced AI systems. Nvidia strengthened its position in this growing market after announcing a $2 billion investment in AI cloud firm Nebius Group. The announcement sent Nebius shares up 15% on Wednesday and highlighted Nvidia’s strategy of supporting
Li Auto stock price remains in a technical bear market after falling from its 2023 high of $47.3 to the current $17.15. It has slumped by 62%, erasing its market capitalization from $48 billion to $18 billion. What next for the stock ahead of its earnings? Li Auto growth has stalled amid rising competition Li
Futu Holdings stock price jumped by over 7% on Tuesday. This rebound could continue this week as the company releases its earnings, which are expected to demonstrate strong revenue and profitability growth. It was trading at $153, down by 25% from its highest point in 2025. Futu Holdings to publish financial results Futu is a
The biggest unsolved problem in crypto AI is not intelligence, it is trust. Most AI agents that interact with blockchain wallets today do so by storing a user’s private key directly in the system. CoinFello, an AI agent built for smart contract interaction, thinks it has a better way. On Wednesday, the company launched its