European stock markets experienced a decline on Thursday, influenced by the surge in global bond yields in anticipation of forthcoming inflation data. Major indices such as the DAX in Germany and the FTSE 100 in the U.K. reported negative movements, while the CAC 40 in France managed to record a modest increase. The deteriorating sentiment
In a world where the demand for artificial intelligence is rapidly growing, Singapore is taking proactive steps towards promoting green data centers. With the launch of a green data center roadmap, the city-state aims to address the energy strain caused by the exponential growth in AI and computing technologies. Senior Minister of State for Communications
Bad Boys: Ride or Die, the upcoming movie from Columbia Pictures, has been given the green light for a theatrical release in China. Scheduled to hit cinemas on June 22, this film marks the return of the popular Bad Boys franchise to mainland China. Directed by Adil and Bilall, who also helmed the successful threequel,
The recent shift to faster trade settlements in the U.S. and other countries has been met with a mix of optimism and challenges. On Tuesday, U.S. trading moved to a one-day settlement cycle (T+1) from the previous two-day cycle, marking a significant change in the market infrastructure. While market participants have reported a generally smooth
The global box office is seeing some positive news this week as a few films have achieved significant milestones. One such film is 20th Century Studios/Disney’s “Kingdom of the Planet of the Apes,” which has exceeded $300 million worldwide. As of Tuesday, the movie has brought in $178.1 million internationally and $306.8 million globally. This
Salesforce saw a significant drop of more than 14% in its shares after missing first-quarter revenue estimates. Despite beating the consensus on adjusted earnings per share, the company’s current-quarter guidance fell short on both top and bottom lines. UiPath experienced a sharp decline of 30% after announcing the resignation of its CEO, Rob Enslin. The
In a recent move, Cathie Wood’s ARK Invest has further solidified its position in the realm of artificial intelligence by taking a stake in Elon Musk’s startup xAI. The ARK Venture Fund, managed by the Florida-based asset manager, made this investment as part of its strategy to tap into the growing potential of AI technology.
Thailand’s central bank Deputy Governor, Alisara Mahasandana, emphasizes that interest rates are not a key factor for boosting the economy. This statement goes against the common belief that adjusting interest rates can significantly impact economic growth. While interest rates do play a role in influencing borrowing and spending decisions, Alisara suggests that there are other
Dick’s Sporting Goods has seen a tremendous increase in sales and customer spending on new sneakers and athletic gear. This surge in spending has allowed the retailer to elevate its full-year earnings guidance, resulting in a significant jump in shares during premarket trading. The company’s comparable sales surpassed analyst expectations, with a growth of 5.3%
European stock markets experienced a decline on Wednesday as the uncertainty surrounding rising bond yields continued to unsettle investors. This trend was evident across major indices, with the DAX in Germany, the CAC 40 in France, and the FTSE 100 in the U.K. all registering losses. The fear of tighter monetary policy for an extended