Stock Markets News

U.S. may struggle to build power fast enough to meet rising demand, Barclays says

Foxconn expects Q3 to beat market expectations as AI demand stays strong

Earlier this year, a fear psychosis had gripped investors that advances in AI would replace software firms, and the sector was all but written off. Anthropic's launch of new plugins for its Claude Cowork system in February sparked a global selloff in software firms, with the US markets alone losing $300 billion in market value in a day. The pressure did not leave the sector for a while, and a new phrase called 'SaaSpocalypse' started being circulated, signaling the imminent doom of the software sector. However, the latest earnings season has shown that...

Citi pushes Fed rate-cut forecast to June 2027 after resilient jobs market

GoPro stock GPRO has surged in recent sessions after the struggling action-camera maker announced a $285 million cash merger with Starman Optical, a privately held photonics company. Earlier, YouTube creator Mark Fischbach, better known as Markiplier, revealed an 8.5% stake in the company, making him the single largest stakeholder in the company. GoPro shares have rallied sharply as investors reacted to both developments. The stock has gained nearly 200% in the week so far and has gained 26% on Friday. The 200% surge includes a 40% surge on September 1...

States reach agreement at autonomous weapons talks in Geneva

When do higher bond yields become a bigger problem for stocks?

Goldman raises Asia-Pacific equity target on tech earnings outlook

People who changed jobs last month generally say their base pay grow 5.6 per cent year-over-year: Automatic Data Processing Research report

SpaceX stock SPCX is heading toward another potentially volatile milestone next week, with hundreds of millions of additional shares set to become eligible for sale just as the company’s shares are regaining momentum and its artificial intelligence ambitions continue to attract bullish attention. The September 9 lockup expiry will mark the 90th trading day since SpaceX’s initial public offering and allow roughly 319 million additional shares held by select insiders to become eligible for sale. The event will be closely watched because SpaceX has already...

Foxconn says third quarter to outperform market expectations on AI strength

Barclays sees a $3.6 trillion annual investment opportunity in this sector