General Motors ended the fourth quarter with stronger-than-expected earnings. The Detroit automaker beat Wall Street profit estimates, lifted shareholder payouts, and issued guidance pointing to another solid year ahead. At the same time, GM’s results laid bare the cost of scaling back its electric vehicle ambitions and restructuring its China operations, which together triggered billions
Salesforce’s stock price has crawled back in the past few days after the company received a major deal from the US Army. CRM rose to $230, up slightly from the year-to-date low of $220. It remains ~38% below its highest point in December 2024. Salesforce scores big US Army contract Salesforce, the giant company in
The Dow Jones Index Futures rose and is nearing the all-time high as investors waited for key earnings from its constituent companies, the Federal Reserve interest rate decision, and the potential government shutdown. It rose to $49,412, a few points below the all-time high of $49,630. Dow Jones Index waits for key corporate earnings The
The UK government is stepping up its push to build sovereign artificial intelligence capabilities, announcing a new partnership with Meta to develop open-source AI tools for transport, public safety, and defence. The initiative, as reported by Reuters, reflects a broader effort to embed AI directly into government operations while keeping control of data, systems, and
Binance Coin (BNB) is currently testing a critical resistance zone near $915. The cryptocurrency, which is the native token within the Binance ecosystem, has seen modest gains over the past 24 hours, trading around $880.18. The altcoin’s price has risen by 0.8% in a day, reflecting cautious optimism among traders. The 24-hour trading range has fluctuated
Pinterest Inc (NYSE: PINS) is in focus this morning after the social media platform said it will lay off nearly 15% of its workforce and downsize office space considerably to “reallocate resources”. The visual search engine believes these cuts will be completed by late September and result in up to $45 million of pre-tax restructuring
Winter Storm Fern hammered the US this weekend, and Rystad Energy has warned that the deep freeze will continue to wreak havoc on US onshore oil and gas production. “Natural gas supply outages have emerged across the US in the wake of Winter Storm Fern, with an initial loss of 2 billion cubic feet per
The Organization of the Petroleum Exporting Countries and allies are likely to maintain their current halt on oil output increases for March, according to media reports. This expectation comes as oil prices are on the rise, partly attributed to a decrease in Kazakhstan’s oil production. Despite concerns about a potential supply glut, oil prices have
Shares of USA Rare Earth jumped sharply in premarket trading on Monday after it received a non-binding Letter of Intent (LOI) from the US Department of Commerce and a collaboration with the US Department of Energy to receive a $1.6 billion debt-and-equity investment package. “The Department of Commerce’s CHIPS Program has provided an LOI covering
Digital asset investment products saw the largest weekly outflows since mid-November 2025, totalling $1.73 billion, according to CoinShares data. The outflows point to a sharp shift in investor confidence amid broader market pressures, with the exodus coinciding with price declines in major cryptocurrencies. Gold’s explosion to record highs above $5,000 looks to have amplified the