UK household energy bills are set to rise sharply from July as wholesale gas prices surge in the wake of the Iran war, with the typical annual bill nearing £2,000. Ofgem will announce the summer price cap on 27 May, with current estimates pointing to a steep increase driven by volatile global energy markets. What
Coinbase has introduced perpetual stock futures for eligible non-US retail and institutional traders, expanding its derivatives offering into US equities. The move marks a significant step in the company’s broader ambition to become an “Everything Exchange,” combining crypto, traditional assets, and new financial instruments on a single platform. Expanding access to US equities The new
Wall Street opened lower on Friday as the escalating conflict involving Iran approached its fourth week, unsettling energy markets and forcing investors to reassess expectations for interest-rate cuts by the Federal Reserve. Dow Jones Industrial Average, S&P 500, and Nasdaq 100 all opened lower. Dow Jones Industrial Average was down 0.23% or 104 points. The
GE Aerospace stock price has plunged in the last month, erasing the gains made after it released its financial results. It dropped to $290 on Thursday, its lowest level since December 11 this year. This retreat may continue in the near term ahead of Donald Trump’s trip to China. Why is the stock slipping? GE
Shares of American logistics and transportation giant FedEx jumped by over 7.6% on Friday after it reported stronger-than-expected third-quarter results and lifted its full-year guidance. The company posted adjusted earnings per share of $5.25 on revenue of $24 billion for its fiscal third quarter, comfortably ahead of Wall Street estimates of $4.15 per share on
Arm Holdings Plc shares surged on Friday after a major analyst upgrade and growing optimism around its role in the artificial intelligence (AI) chip ecosystem fueled investor interest. The stock gained 7% to its intraday high, extending its recent rally as analysts highlighted the company’s evolving business model and stronger earnings potential tied to AI-driven
Shares of Tesla dropped more than 2% on Friday, extending recent losses as broader U.S. markets weakened amid escalating geopolitical tensions. At the time of writing, the Tesla stock was down over 2% to trade at $372. The Dow Jones Industrial Average fell 163 points, or 0.4%, while the S&P 500 declined 0.8%. The Nasdaq
British government borrowing costs surged to their highest levels since the 2008 global financial crisis on Friday, as investors priced in rising inflation risks and a growing likelihood of further interest rate hikes. The yield on the benchmark 10-year UK gilt rose to 4.927%, its highest since July 2008, while the two-year yield climbed 11
Brazil’s benchmark Ibovespa fell about 1% on Friday, slipping below the 179,000 mark as investors recalibrated expectations in response to a more cautious tone from central banks and escalating geopolitical tensions in the Middle East. The decline reflects a broader reassessment of monetary policy trajectories, particularly as rising energy costs revive concerns about inflation. Earlier
Crypto.com has reduced its workforce by around 12% as the company accelerates a shift towards artificial intelligence across its operations. The Singapore-based exchange confirmed the layoffs on March 19, with CEO Kris Marszalek positioning the move as a necessary step to align with an AI-first business model. With more than 4,000 employees before the cuts,