Shares of Salesforce (CRM) gained 2% ahead of the company’s first-quarter earnings report on Wednesday afternoon. Investors are looking for signs that the software giant can stabilize growth and address mounting concerns over how artificial intelligence could reshape the enterprise software industry. The stock has fallen roughly 34% over the past year even as the
India’s rupee is under mounting pressure as oil prices stay elevated, with ING Economics ’ Deepali Bhargava warning that weak capital inflows, rather than the current account deficit, are driving the sharp depreciation. Policymakers have shielded consumers with subsidies, but the strain has shifted to the currency. India’s resilience to the latest oil shock is
Asia’s smaller companies have delivered stronger returns than the region’s large-cap stocks over the past five years, while also offering lower volatility and broader sector exposure, according to HSBC Asset Management. The firm said Asia small-cap stocks outperformed their large-cap counterparts by nearly 3% annualised at the index level over the period. The gains came
President Donald Trump’s deal with Iran to reopen the Strait of Hormuz is drawing some notable critics who believe it is weak and will leave Iran better off and be a loss to the United States. Top Trump allies blast US-Iran deal In a Truth Social post, Trump said that details of the deal to
Silicon Valley is heading toward what could become one of the most consequential listing waves in modern market history, with artificial intelligence heavyweights SpaceX, OpenAI, and Anthropic preparing to enter public markets at valuations that could redraw the hierarchy of global corporations. After several subdued years for technology listings, the expected debuts of the three
Workday (NASDAQ: WDAY) stock price surged by over 10% in the pre-market session as investors bought the dip following its better-than-estimated results. It rose to $136, modestly higher than the year-to-date low of $110. Workday stock is soaring after earnings report WDAY stock has been under pressure in the past few years, moving from a
Oil prices surged more than 3% on Thursday after Iran’s supreme leader ordered that enriched uranium must remain inside the country, a move seen as complicating fragile peace talks with the US. The directive heightened geopolitical uncertainty, keeping crude markets volatile as supply disruptions through the Strait of Hormuz persist. Prices jump on nuclear standoff
Real, a Layer 1 blockchain focused on institutional-scale real-world asset tokenization, has signed a memorandum of understanding with iExec to explore privacy-preserving infrastructure for tokenized assets. The collaboration will examine how institutional RWA issuance, distribution, and on-chain financial operations can be carried out while maintaining confidentiality, compliance, and auditability. Real supports the full lifecycle of
India’s power demand has surged to fresh records this week as a brutal heatwave grips much of the country, pushing electricity consumption to levels never seen before. Bloomberg reported that peak demand hit 260.45 gigawatts (GW) on Tuesday, May 19, surpassing the previous day’s record of 257.4 GW. The back‑to‑back milestones highlight both the intensity
Europe’s soaring electricity prices are threatening its ambitions to compete with the US and China in artificial intelligence, as power-hungry data centers face mounting costs and investors increasingly look elsewhere, according to a CNBC report. Experts warn that without cheaper energy, Europe risks falling far behind in the AI race. Europe has set its sights