UK Budget Today: Bank Tax Rise Looms as Chancellor Weighs Cost-of-Living Relief
Chancellor John Healey will deliver his first Budget this afternoon, with UK banks braced for a tax rise and households hoping for relief on energy...
Author : Rohan Kumar
Global Stocks Climb as Chip Rally Extends Ahead of Fed Decision and Big Tech Earnings
Global equities pushed higher into midweek as a rally in chip stocks spread across continents. That sets a cautiously upbeat tone ahead of two events...
SK Hynix Posts Record Profit as AI Memory Shortage Deepens
SK Hynix, one of the world’s two largest memory chipmakers, has reported the most profitable quarter in its history. Demand from data-centre operators for the...
Alphabet and Microsoft Report Today as Investors Weigh the Cost of the AI Build-Out
Two of the world’s most valuable technology companies report quarterly results after the US market close today. The numbers will test whether enormous spending on...
Fed Set to Hold Rates Today as Traders Price In a December Hike
The Federal Reserve is widely expected to leave interest rates unchanged on Wednesday, pausing a tightening campaign that began only last month. Investors, meanwhile, are...
HSBC Reports 32% Jump in Quarterly Profit and Announces Another $1 Billion Share Buyback
HSBC, Europe’s largest bank, has reported a sharp rise in third-quarter earnings, helped by higher interest rates, a lighter bad-loan bill and the absence of...
Wall Street Heads Into Fed Week on a Winning Note as Asian Chip Stocks Surge
Global equities are entering one of the busiest weeks of the year with some momentum. The Dow Jones Industrial Average added 146.42 points, or 0.28%,...
Cadence Lifts 2026 Forecast for a Third Time as Chip-Design Demand Pushes Backlog to a Record $8.2 Billion
The companies that supply the tools behind the world’s most advanced chips are enjoying a boom, and Cadence Design Systems has now put numbers on...
Meta Launches Record $95 Billion Equity Raise to Bankroll Its Data Centre Build-Out
Meta Platforms has opened what it describes as the largest equity fundraising in its history, a plan to raise as much as $95 billion to...
Oil Slips as Gulf Diplomacy Gathers Pace, but Brent Stays Near Six-Month Highs
Oil prices edged lower on Tuesday as a new round of regional diplomacy raised hopes that the war involving the United States, Israel and Iran...