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S&P 500 hits record intra-day high driven by chipmakers, megacaps

(Reuters) -The S&P 500 hit an intra-day record high on Friday for the first time in two years, powered by gains in chipmakers and heavyweight technology stocks on optimism around artificial

Kaspi.kz commands $17.5 billion valuation in Nasdaq debut

(Reuters) - Kazakhstan-based banking and fintech giant Kaspi.kz was valued at $17.51 billion when its shares debuted 0.5% above their initial public offering price on Friday. Kaspi.kz's share sale

Bankman-Fried’s FTX to get bankruptcy examiner to probe collapse – US appeals court

By Jonathan Stempel (Reuters) - A federal appeals court on Friday ordered the appointment of an independent bankruptcy examiner to investigate the Nov. 2022 collapse of FTX, the cryptocurrency

Sam Altman seeks to raise billions for network of AI chip factories – Bloomberg News

(Reuters) - OpenAI CEO Sam Altman, who has been working to raise billions of dollars from investors for a chip venture, aims to use the funds to set up a network of factories to manufacture

Online retailer Wayfair’s shares jump on job cuts, upbeat 2024 core profit

By Granth Vanaik (Reuters) -Wayfair said on Friday it would lay off 1,650 employees, or about 13% of its workforce, and forecast annual core profit above estimates, sending the online furniture

Retailer Wayfair jumps on job cut plans, upbeat 2024 core profit forecast

By Granth Vanaik (Reuters) -Wayfair said on Friday it would lay off 1,650 employees, or about 13% of its workforce, and forecast annual core profit above estimates, sending the online furniture

Binance to face off against US securities regulator in court

By Chris Prentice, Jody Godoy and Hannah Lang (Reuters) -Binance is due to square off against the U.S. Securities and Exchange Commission in a Washington courtroom next week, in another high-profile

Super Micro Computer shares surge as AI server demand powers big forecast raise

By Akash Sriram (Reuters) - Shares of Super Micro Computer jumped about 25% to a record high on Friday after the company projected quarterly results well above its current estimates due to strong

Amazon’s iRobot deal faces EU antitrust veto, sources say

By Foo Yun Chee BRUSSELS (Reuters) - Amazon's $1.4 billion acquisition of robot vacuum maker iRobot will be blocked by EU antitrust regulators, three people familiar with the matter said on Friday, as

Stellantis to launch 8 models based on new ‘STLA Large’ BEV platform in 2024-2026

MILAN (Reuters) - Stellantis will launch eight electric models by the end of 2026 based on a new platform for large vehicles, the automaker said on Friday presenting its 'STLA Large' architecture. The

On Camera

Defence, tech, education—Modi’s visit will boost India-UK ties

Given the immediate challenges on India’s borders, cooperation in the defence sector with partners such as the UK has achieved greater importance.

India-US set to ink mini trade deal soon, reach understanding on agricultural & dairy products

Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.

Indian firm sets up titanium, superalloy plants to meet global need. Safran, Dassault, BAE line up

PTC Industries is investing Rs 1,000 cr in 4 manufacturing plants in UP, has already started supplying titanium parts to BAE Systems for its M-777 howitzers that India also uses.

Strategic partner one day, tactical nightmare the next: India’s learning Trumplomacy the hard way

Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.