Oil Falls Around 3% as Qatar-Mediated Talks Raise Hopes of an End to the Iran War
Oil prices fell by about 3% on Monday as Iranian and Qatari officials held a third consecutive day of talks aimed at ending the US-Israeli...
Category : Business
Business News
Amazon’s Cloud Growth Hits Five-Year High, but Profit Miss and Spending Plans Hit the Shares
Amazon’s cloud business is growing faster than at any time in nearly five years. Investors, worried about the cost of that growth, were not impressed....
Microsoft Rewarded, Alphabet Punished as Investors Weigh the Cash Cost of Cloud Growth
Two technology giants reported booming cloud businesses on Wednesday, and investors sent their shares in opposite directions. Microsoft rose, while Alphabet slid by around a...
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...
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...
Jio Platforms Finalises Share Allotment After India’s Largest IPO Draws 22 Times Demand
Investors who bid for shares in Jio Platforms will find out on Monday whether they have been allotted any. The digital and telecoms arm of...
Tesla Margins Recover but Profit Falls as Spending on Robotaxis and Optimus Climbs
Tesla’s third-quarter results delivered a mixed message to investors: the cars are making more money per unit, but the company as a whole is making...
Fortescue Caught in China Iron Ore Standoff as Sales Lag Shipments and Shares Slide
The world’s fourth-largest iron ore miner is in an unusual position: it is digging and shipping the product, but not all of it is being...
Meta Hit With Record $25 Billion Penalty as It Lifts AI Spending Plans
Meta Platforms has been handed the largest financial penalty in its history, just as it asks investors to keep trusting its rapidly growing bill for...
SpaceX Posts First Profit as a Public Company as Musk Backs Tesla Merger Talks
SpaceX has reported its first quarterly profit since becoming a listed company, and Elon Musk used the occasion to back the idea of combining the...