Microsoft is betting big on India’s AI future. CEO Satya Nadella announced on Tuesday that the company will invest $17.5 billion over four years in the country, its largest investment ever in Asia. The announcement came after a meeting between India’s Prime Minister Narendra Modi and Microsoft CEO Satya Nadella. The money will flow into
Shares in Ocado rose more than 9.5% on Friday, placing the stock among the top gainers on the FTSE 250, after the British online grocer and technology firm said it would receive a one-off $350 million cash payment from long-time US partner Kroger. The payment follows Kroger’s decision to close three of the robotic warehouses
The crypto market crash resumed last week as Bitcoin and most altcoins plunged by double digits. Bitcoin remains below the key support at $90,000, while Ethereum has dropped to $3,000. Other tokens like Cardano, Shiba Inu, and Dogecoin have also plummeted by double digits. Crypto market crash could stall in case of a more dovish
Robinhood Markets (NASDAQ: HOOD) is betting big on prediction markets – and it seems to be paying off. November marked the firm’s strongest month yet, with over 3 billion contracts traded. According to Vladimir Tenev, chief executive of Robinhood, however, the real breakthrough isn’t the trading activity – it’s how prediction markets are emerging as
The DocuSign stock price retreated by over 6% after the market closed on Thursday, following the release of its third-quarter financial results. It fell to $66.50, down from the regular session high of $72.35, and 35% below its highest level in December last year. DocuSign growth has stalled DocuSign, a company that thrived during the
Initial claims for US unemployment benefits fell sharply last week, dropping to their lowest level in more than two years in a sign that layoffs remain muted even as hiring slows across the economy. The Labour Department said on Thursday that claims fell by 27,000 to a seasonally adjusted 191,000 for the week ending November
Michael Burry, the investor famed for predicting the 2008 housing market collapse, has taken a fresh short position against Tesla Inc., arguing that the electric-vehicle maker’s valuation has reached unsustainable levels. According to a report from Fortune, which cited a post on his Substack newsletter, Burry described Tesla shares as “ridiculously overvalued” and warned that
In a reminder of how quickly tokenisation is transforming Brazil’s capital markets, the firm Fenynx completed its first capital raising by selling equity backed by B3 tokens through a crowdfunding platform. According to local media outlet InfoMoney, the sale marks a watershed moment for the Brazilian stock exchange: it is the first equity crowdfunding platform
US stocks rose on Friday as the Nasdaq Composite and S&P 500 each gained 0.2% and the Dow Jones Industrial Average added 124 points, or 0.3%, even as a data-centre failure briefly halted futures and options trading at the Chicago Mercantile Exchange. The disruption occurred during a historically low-volume, post-Thanksgiving session, raising the potential for
US equities advanced on Wednesday as Wall Street attempted to build on two straight days of gains, even as the broader market remains on track for a down month. The Dow Jones Industrial Average rose 171 points, or 0.4%. The S&P 500 gained 0.5%, while the Nasdaq Composite advanced 0.7%. Nvidia climbed more than 2%,