Latest Business News
Micron earnings and AI chip optimism lift US tech stocks
Micron reported stronger-than-expected results and a bullish outlook, sending its shares higher and helping lift US tech indices as investors bet on AI-driven memory demand.
Nvidia rebounds after US review may allow advanced chip sales to China
Nvidia extended a recovery after reports the US launched a review that could permit sales of advanced AI chips to China, easing investor concerns about export restrictions.
OpenAI fundraising talks — sovereign wealth interest resurfaces
Reports indicate OpenAI is seeking up to US$100 billion from sovereign wealth funds, with the UAE noted as a prior investor and potential continued supporter.
Oracle leads investor group in TikTok US takeover agreement
ByteDance signed a binding agreement to hand control of TikTok’s US operations to a group of investors that includes Oracle, driving a surge in Oracle stock on the news.
Nike warns of sharply weaker China sales, shares tumble
Nike disclosed a sharp decline in China sales and margin pressure, issuing weaker-than-expected guidance that pushed its share price down significantly.
Global IT spending to rise sharply in 2025 driven by AI infrastructure
IDC forecasts worldwide IT spending will increase strongly in 2025 — led by service-provider datacenter investment and enterprise software — with AI deployments central to the surge.
AppDirect to acquire Tackle to bolster cloud marketplace go‑to‑market
AppDirect agreed to buy Tackle to expand its B2B subscription commerce and cloud marketplace capabilities across AWS, Azure and Google Cloud.
EU–Mercosur trade deal stalled as member states raise concerns
The EU’s planned free-trade agreement with Mercosur (Argentina, Brazil, Uruguay, Paraguay) was delayed after several EU members voiced worries about impacts on domestic farming, forcing last-minute diplomatic efforts.
US equity weekly snapshot: mixed performance across major indices
For the week, the Nasdaq100 gained while the S&P500 was flat and the Dow fell, reflecting divergent sector performance amid earnings and macro headlines.
Industry note: Analysts lift S&P500 EPS growth forecasts for 2026
Analysts now expect solid double-digit S&P500 earnings-per-share growth across 2026 quarters, with estimates rising in recent weeks despite macro uncertainty.
Shield AI and defense-tech growth capture investor attention (sector trend)
Defense-tech firms such as Shield AI, which has expanded drone deployments in Ukraine, are entering an inflection point with rising demand in Europe and Asia, drawing investor focus.
Debate over AI’s impact on finance jobs continues as layoffs rise
Experts say Wall Street layoffs attributed to AI are more nuanced, with some calling the job-loss narrative exaggerated while acknowledging automation pressures in banking.