Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Latest Breaking News from LSEG

Oracle rises as AI-fueled backlog growth deflects spending worries

Oracle shares rose 3% in early trading after a $26 billion increase in its revenue backlog eased concerns over its debt-funded AI spending. Strong earnings and an improving balance sheet also supported the stock, though analysts warned that a meaningful recovery in Oracle's cash flow could still take years.

The Economic Times

OpenAI launches ChatGPT for financial services industry

The product, ChatGPT for Financial Services, was developed with Morgan Stanley and Evercore as design partners ‌to help ⁠shape the ⁠offering, OpenAI said in a blog post.

The Economic Times

Dell shares jump 11% after strong AI server demand boosts annual forecast

On Wednesday, Dell Technologies experienced a notable surge in its shares, fueled by booming demand for AI servers. Companies such as Dell and Super Micro are capitalizing on this trend, with Dell reporting an extraordinary 58% increase in second-quarter revenue, reaching an impressive $47 billion. Additionally, the firm has significantly…

The Economic Times

From analysis to the latest developments in health,
read the most diverse news in one place.

Why are global bond yields surging to multi-decade highs?

Global government borrowing costs are reaching multi-decade highs as inflation persists. Bond yields in major economies like the United States and Japan have sharply increased. Renewed oil price gains and substantial government debt add to market pressures. Higher borrowing costs impact households, businesses, and government finances significantly. Investors watch for…

The Economic Times

AI and robotics drive an IPO boom in China as Shein lists in Hong Kong

In the latest big stock listing, shares in China-founded e-commerce and fast fashion giant Shein are due to debut Tuesday in Hong Kong in a blockbuster initial public offering raising $1.7 billion, in one of the city's biggest new share sales this year.

The Economic Times

Marvell selloff deepens as investors seek clarity on Google AI deal payoff

Marvell has become a market darling fueled by the AI spending boom as Big Tech races to adopt custom chips for greater cost efficiency and performance, powering ‌its shares ⁠to nearly ⁠triple this year.

The Economic Times

Nvidia forecasts 70% sales growth next year, signals AI spending boom has years left to run

"AI has reached its inflection point. It's doing useful work. Its tokens are productive and profitable. Now, compute is revenue," Nvidia ‌Chief Executive Jensen Huang ⁠said.

The Economic Times

Read news from The Economist, FT, and more,
with one subscription

Zoom forecasts quarterly profit below estimates

Zoom has been rolling out AI tools, including an AI Companion assistant, a meeting receptionist assistant and its suite of enterprise-focused ⁠AI features ‌under "Zoom AI Services" to attract more customers.

The Economic Times

S&P 500 Earnings Are Surging More Than 50%. AI Is Making the Numbers Look Even Bigger.

Companies on the S&P 500 are closing out one of their strongest earnings seasons in years, with part of the extraordinary growth coming from soaring valuations of artificial intelligence companies.

International Business Times

AI's Half-Trillion-Dollar Borrowing Binge Is Competing With Uncle Sam for Bond Buyers

Four companies are driving most of the fresh corporate bond supply tied to the AI buildout. Amazon.com Inc. (NASDAQ:AMZN), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), Meta Platforms Inc. (NASDAQ:META) and Oracle Corp. (NYSE:ORCL) sold about $194 billion of bonds in 2026 through early July, up 79% from roughly $108 billion for all…

Benzinga

Russia receives Indian gasoline cargo as fuel shortages bite

At least one 68,000-tonne cargo of gasoline from India has entered Russia’s domestic market as Moscow responds to fuel shortages caused by Ukrainian drone attacks on refineries. The shipment, loaded at India’s Vadinar port, was discharged at Russia’s Vitino port and is being transported by rail to domestic buyers.

The Economic Times

Diesel prices surpass jet fuel in Europe as global supply tightens

European diesel costs more than jet fuel for the first time in over a year. Jet fuel imports to Europe have risen significantly while diesel imports have dropped. Global diesel supply tightened further after Russia banned its exports. This price shift reflects ongoing supply challenges and demand dynamics. Analysts note…

The Economic Times

Nebius beats quarterly revenue estimates as AI demand fuels growth

The Amsterdam-based AI infrastructure firm reported total revenue of $582.3 million ‌for the ⁠quarter ⁠ended June, compared with analysts' average estimate of $572.75 million, according to data compiled by LSEG. Revenue at its core AI cloud business, which accounted for about 98% of group revenue, rose more than 500%.

The Economic Times

Russia's oil exports to Asia via Arctic route start strongly, sources say and data shows

Russia is shipping crude oil via its Arctic route faster than last year. Seven cargoes carrying six million barrels are already heading to Asia. This route significantly cuts journey times to China compared to traditional sea lanes. Mild ice conditions and logistical issues elsewhere support these Arctic shipments. Increased oil…

The Economic Times

Get all your
news in one place.

100's of premium titles.
One news app.

The Economic Times

US stocks: US stocks rise as surprise payrolls decline cools rate-hike fears

US stock markets opened higher on Friday after unexpected job losses. The S&P 500 and Nasdaq saw gains at the opening bell. This economic data raised doubts about a September interest rate hike. The Dow Jones Industrial Average experienced a slight decline at the open. Markets reacted to the latest…

The Economic Times

Global Market: Singapore's OCBC, UOB Q2 profits rise as wealth business cushions impact of lower interest rates

Singapore's OCBC and UOB banks have exceeded expectations with their second-quarter earnings, showcasing resilience amid lending income challenges. OCBC achieved a record quarterly net profit, while UOB surpassed analyst forecasts. The first half saw substantial growth in wealth management income, prompting both banks to declare higher interim dividends for their…

The Economic Times

Sandisk forecasts upbeat quarterly revenue on AI-driven demand

Sandisk anticipates higher quarterly revenue, fueled by robust demand for AI data center memory chips. The company is now prioritizing long-term purchase agreements, with a median duration of four years. These agreements represent a significant shift in business strategy for Sandisk. Generative AI growth is boosting demand for their enterprise…

The Economic Times

Global Market: SoftBank earnings in focus as AI investment push raises funding, debt questions

SoftBank faces investor scrutiny over financing its AI expansion and managing debt. The company plans to fund significant AI commitments while its shares have declined. Analysts are watching SoftBank's strategy to meet future financial obligations. Its credit outlook has improved, but risks from Arm's valuation persist. Competition in AI could…

Get all your
news in one place.

100's of premium titles.
One news app.

The Economic Times

SoftBank's AI funding plans to face reckoning at earnings

SoftBank announced record net profit in the year ended March 2026, but its share price has dropped by almost half since the start of June, and the cost to insure its debt against default has soared. SoftBank is ‌expected to post net ⁠profit of ⁠148.4 billion yen ($941.2 million) over…

The Economic Times

Microsoft sets record with near $450 billion single-day gain in market value

The software giant's shares closed up more than 15%, lifting its market capitalization to $3.35 trillion, ‌surpassing chip ⁠giant Nvidia's ⁠previous record one-day gain of $441 billion on April 9, 2025, according to LSEG data.

The Economic Times

Apple revenue, profits beat expectations on iPhone, Mac sales

Apple said sales for its fiscal third quarter ended June 27 were up 16.4% to $109.42 billion, compared with analyst estimates of a 15.5% rise to $108.65 billion, according to LSEG data, and Apple's own forecast of 14% to 17% sales growth.

The Economic Times

Apple disappoints with forecast dogged by supply chain struggles

Apple anticipates slower sales growth this quarter due to supply chain issues. The company faces challenges in obtaining necessary parts for product delivery. This forecast led to a significant drop in Apple's stock value. Despite strong third-quarter results, future growth faces component shortages. Executives highlighted supply limitations rather than a…

The Economic Times

NYSE parent ICE to buy MarketAxess in $5.7 billion deal to expand fixed-income offerings

Intercontinental Exchange has made a significant move by agreeing to acquire the bond trading platform MarketAxess for a hefty $5.7 billion, reflecting a 33% premium over its latest closing price. This acquisition is poised to bolster ICE's fixed-income trading offerings, resulting in a notable 30% jump in MarketAxess shares after…

The Independent UK

Gaza latest: Trump claims ‘historic’ deal reached with Hamas for complete disarmament

Senior Hamas official says the group will only disarm if Israel fulfils its commitments

The Economic Times

Global Market: Zhongji Innolight shares slip in Hong Kong debut after record $6.8 billion IPO

Chinese optical component maker Zhongji Innolight fell up to 8% in its Hong Kong listing debut on Thursday after raising HK$53.4 billion ($6.8 billion) in the city's largest IPO of 2026. Despite weak market sentiment surrounding AI valuations, long-term investor focus remains on the company's leading global market share.

1 2 3 4 5

People

Alisha Rahaman Sarkar

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations