Both gold and silver prices soared on Monday to new record highs as US rate cuts, coupled with safe-haven demand, buoyed sentiments. The February gold contract on COMEX hit a fresh record high of $4,452.85 per ounce earlier on Monday. The March silver contract also hit a new high of $69.515 per ounce. At the
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Famed investor Jim Cramer has urged OpenAI to take an unprecedented step: raise $200 billion at a trillion-dollar valuation. OpenAI should “strike while the iron is hot,” he argued in a recent segment of Mad Money – after a week of swirling speculation about the ChatGPT company’s fundraising ambitions. Recent leaks signal OpenAI is interested
As global trade becomes increasingly fragmented, economic relations between China and the European Union are entering a more confrontational phase, marked by a growing reliance on tariffs, investigations and retaliatory measures. What began as targeted disputes in specific sectors has steadily widened, drawing in agriculture, manufacturing, technology and consumer goods. In the latest development in
Netflix’s acquisition of Warner Bros Discovery is poised to add more pressure to movie theatres, which are struggling to fill seats after the pandemic. The holiday release of Avatar: Fire and Ash, the third installment in one of Hollywood’s most successful franchises, was expected to be a boost for cinemas still recovering from the pandemic.
Nvidia is preparing to resume shipments of advanced artificial intelligence chips to China, signalling a potential reset in cross-border technology trade after a change in US policy, according to a Reuters exclusive. The company has reportedly told Chinese clients that it aims to start shipping its H200 AI chips before the Lunar New Year holiday
Italy’s competition authority has imposed a €98.6 million fine on Apple, intensifying scrutiny over how the company operates its App Store and applies privacy rules to developers. The decision adds to a broader European debate on whether Apple’s control over its mobile ecosystem disadvantages third-party app makers, even as the company argues that its policies
Oracle co-founder Larry Ellison has agreed to personally backstop a crucial portion of the financing behind Paramount Skydance’s hostile bid for Warner Bros Discovery (WBD), intensifying a high-stakes takeover battle that could reshape Hollywood’s streaming landscape. Paramount said on Monday that Ellison has provided an “irrevocable personal guarantee” covering $40.4 billion of equity financing for
AppLovin stock price has had a strong performance this year, continuing a bull run that started a few years ago when it was trading at $9.20. It has jumped to $720, giving it a market capitalization of over $243 billion, up sharply from less than $1 billion. So, will this advertising company continue its bull
US stocks rose on Monday, kicking off a shortened holiday week on a firmer footing as gains in technology shares lifted the broader market. The S&P 500 advanced 0.5%, while the Dow Jones Industrial Average rose 133 points, or 0.3%. The Nasdaq Composite outperformed, climbing 0.7% as investors returned to growth-oriented names after recent sector