Browsing: Business

– Microsoft reported strong growth in its fiscal first-quarter results on Wednesday, October 28, with net income rising to $36.63 billion from $27.75 billion a year earlier. Earnings per share increased to $4.92 from $3.72. Total revenue rose 19% to

– Meta said on Monday, October 26, that it plans to raise a total of $95 billion to support its investments in artificial intelligence infrastructure and superintelligence. The company will first raise $35 billion through underwritten public equity offerings. It

– Bank of America, Blackstone, Citi and Morgan Stanley announced a $63 billion financing structure on Monday, October 26, to fund AI computing capacity for Anthropic. The deal will pay for technology from Broadcom, which will be leased to the

– US markets are heading into one of the busiest weeks of the earnings season, with three of the biggest names in the Magnificent 7 set to report quarterly results. Alphabet, Microsoft and Amazon will release figures as investors look

– On Wednesday, October 21, oil prices experienced an upward movement with Brent crude futures increasing by $1.21 to reach $110 per barrel, as reported by Reuters. Simultaneously, US West Texas Intermediate crude saw an increase of over $1, settling

– On Tuesday, October 13, the US dollar experienced a retreat from an 18-month high, driven by declining oil prices and a reassessment of the rally fueled by artificial intelligence. The U.S. Dollar Index, which gauges the dollar’s strength against

– After completing four years of gains, the U.S. stock bull market entered its fifth year on Monday. According to Truist analysis, the S&P 500 has risen approximately 119% from its bear-market closing low of Oct. 12, 2022. The index

Late-week gains in global equities reflected a notable recovery, as recent declines reversed amid a pause in the upward momentum of borrowing costs. Market indicators reveal that US and European shares closed higher as bond yields decreased, encouraging institutional investors

– Gold prices increased on Monday amid investor reactions to weaker U.S. employment figures and a stronger dollar. Spot gold rose 0.6% to $4,165.49 per ounce by 0901 GMT, while December futures for U.S. gold climbed 0.8% to $4,194.60. This

The foreign exchange market experienced a notable upward surge as the US dollar reached a 17-month high, achieving an index rating of 102.08 and marking its third consecutive weekly increase. According to international market reports published by the Emirates News Agency,