Maeve Turner
Trump admin bans new Chinese humanoid robots and power inverters
The Federal Communications Commission has introduced restrictions blocking new imports of unreleased Chinese humanoid robots and connected power inverters, citing national security and cybersecurity risks.
Samsung and SK Hynix tumble on AI, China chip fears
South Korean memory-chip giants Samsung and SK Hynix suffered steep stock declines amid mounting fears over AI infrastructure spending and Chinese competition.
Apple briefly tops US$5 trillion market value for first time
Apple briefly crossed a market capitalization of $5 trillion for the first time during intraday trading, making it the second company in history to reach the milestone.
Nasdaq-100 slides into correction as global chip and memory stocks sell off
The Nasdaq-100 index slid into correction territory following a severe global sell-off in semiconductor and memory stocks driven by AI infrastructure spending concerns.
Johnson & Johnson offers $5.5bn to settle US baby powder lawsuits
Johnson & Johnson has proposed a $5.5bn settlement to resolve tens of thousands of US lawsuits alleging its talc-based baby powder caused ovarian cancer.
Johnson & Johnson agrees $5.5bn settlement to resolve talc cancer lawsuits
Johnson & Johnson announced an estimated $5.5 billion settlement to resolve tens of thousands of lawsuits alleging its talc-based baby powder caused ovarian cancer.
Stocks drift on Wall Street and crude oil prices drop as Mideast tensions cool
Global markets reacted to a sudden shift in geopolitics as crude oil prices plummeted and Wall Street finished a choppy session with mixed results.
ASX set to fall as oil plunges and Nvidia drops 5%
Australian equities face a lower open following a sharp slip in crude oil prices and a tech sell-off that stripped Nvidia of its top market cap ranking.
Wall Street ends mixed as investors await major tech earnings
U.S. equities closed mixed with the S&P 500 staying above 7,400 while technology shares lagged as investors braced for upcoming earnings and a Federal Reserve decision.
Brookfield raises $2bn for Middle East fund backed by Saudi PIF
Brookfield Asset Management has secured $2 billion for its Brookfield Middle East Partners fund, with capital backed by Saudi Arabia's Public Investment Fund.
ASML shares tumble as China reports first mass‑produced immersion DUV tools
ASML's share price plunged following a report that a state-backed Chinese consortium has begun mass-producing immersion DUV lithography machines.
Elon Musk warns AI will surpass human intelligence within five years
Elon Musk claims artificial intelligence will surpass the sum of human intelligence within five years and potentially make money irrelevant by 2036.
HDFC Bank penalises CEO and CFO over MSRDC deposit divergence
HDFC Bank's board has penalised top executives including CEO Sashidhar Jagdishan and CFO Srinivasan Vaidyanathan following an investigation into MSRDC deposit practices.
Nvidia slips 4% as blockbuster AI spending spree triggers balance sheet jitters
Nvidia shares dropped 4% following a weekend of massive AI infrastructure commitments totaling over $750 billion that sparked balance sheet concerns on Wall Street.
Middle East tensions push oil above $100, stoking inflation fears
Brent crude has breached the $100-a-barrel threshold as US-Iran conflicts and Red Sea shipping disruptions strain global petroleum supplies.
CXMT could rally over 1,200% as Nomura sees market-share gain
Analyst forecasts diverge sharply on newly listed memory firm CXMT, with Nomura predicting massive gains and Morningstar citing technology constraints.
Nvidia in talks to provide $250bn financing guarantee for OpenAI data center
Nvidia is in advanced talks to provide a $250 billion financing guarantee to support OpenAI's massive 10-gigawatt data center campus in southern Ohio.
Sir Ian Wood, North Sea oil pioneer, dies aged 84
Sir Ian Wood transformed a modest family fishing-boat repair yard into the global oil-service powerhouse Wood Group, leaving a legacy in business and philanthropy.
China's Six Networks programme worth S$5tn to wire economy for AI
Beijing has unveiled a 26-trillion-yuan infrastructure strategy to unify transport, energy, and computing under a single coordinated AI-focused plan.
UK attractions question impact of government summer VAT cut for families
A temporary government VAT reduction on family attraction tickets, cinema visits, and children's meals aims to ease summer holiday costs, though parents and operators remain divided on its true impact.