The financial desks we read, gathered in one place. Stories we are licensed to carry are reproduced in full with the writer credited; everything else is a headline and a short quotation that links straight to the publisher.
The Economic Times Markets
Gold prices rose 0.2% to $4,039.07 per ounce in early Asian trade on Wednesday. This increase followed a nearly 3% decline in the previous session due to US inflation data. The data indicated stronger inflation, leading…
The Economic Times Markets
The US dollar is holding onto gains following a stronger-than-expected inflation report. Federal Reserve comments indicate potential rate hikes to address ongoing inflation concerns. Market expectations are shifting…
The Economic Times Markets
OpenAI reported a quarterly revenue rise of approximately 50% to reach $10 billion in the third quarter. Despite this revenue growth, the company faced significant operating losses, which expanded to $10.9 billion…
The Economic Times Markets
Tyre maker MRF Ltd reported a 22.8% decline in net profit for the July-September quarter. Revenue from operations saw a growth of 17.4%, reaching Rs 8,660.19 crore compared to the previous year. However, total expenses…
The Economic Times Markets
Japan’s Nikkei 225 rose as much 0.3%, while South Korea’s Kospi swung between gains and losses. A broader gauge of Asian shares advanced 0.2%. Contracts for tech-heavy Nasdaq 100 rose 0.4% in early Asian after the…
The Economic Times Markets
Anthropic PBC is preparing for an initial public offering aiming for a fully diluted valuation of $1.4 trillion. The company plans to raise up to $90.4 billion, including a private placement with major investors. It has…
The Economic Times Markets Full text
US stocks closed lower after hotter-than-expected inflation data strengthened expectations of a December Federal Reserve rate hike and raised the possibility of more aggressive tightening. Rising Treasury yields and weakness in technology…
The Economic Times Markets Full text
Founded by former OpenAI researchers, Anthropic has grown into a major AI company backed by Amazon, Alphabet, Microsoft and Nvidia. As the Claude developer prepares for a landmark IPO, its safety-focused philosophy, unconventional roots…
The Economic Times Markets Full text
Nexperia says it is heavily oversubscribed as chipmakers redirect capacity towards higher-margin AI data-centre products, creating shortages of mature semiconductors used in vehicles and industrial equipment. Industry executives warn that…
The Economic Times Markets Full text
Dallas Fed President Lorie Logan said the central bank needs at least two more quarter-point rate increases to curb persistent inflation and prevent price pressures from becoming entrenched. She suggested policymakers could accelerate the…
The Economic Times Markets
New data has revealed that US consumer prices rose faster than anticipated, prompting speculation about interest rate changes. Fed Governor Christopher Waller suggested a half percentage point hike may be necessary if…
The Economic Times Markets
On Tuesday, Wall Street faced a downturn as inflation figures surpassed projections, raising worries about potential interest rate hikes. The declines were evident across the Dow Jones Industrial Average, S&P 500, and…
The Economic Times Markets
Anthropic has kicked off its U.S. IPO roadshow, seeking to raise up to $64.4 billion by offering 825 million shares. This latest valuation stands at roughly $1.4 trillion, representing a drop from earlier estimations of…
The Economic Times Markets
TSMC is set to invest up to $1 billion in the AI landscape, directing $500 million each to Anthropic and OpenAI. As Anthropic prepares for its IPO, this financial move by TSMC underscores its belief in a booming AI…
The Economic Times Markets
Consumer prices in the US experienced a larger-than-expected increase in October, affecting future Federal Reserve interest rates. The Consumer Price Index rose by 0.4%, following a 0.6% increase in September. Core CPI…
The Economic Times Markets
The Economic Times Markets
Nvidia's CEO Jensen Huang is facing scrutiny, impacting investor sentiment in the tech sector. Anthropic is preparing for a huge initial public offering, potentially raising $64.4 billion. The market is anxious about…
The Economic Times Markets
Anthropic aims to raise up to $64.4 billion in an upcoming IPO, representing a significant market debut. The company plans a valuation of up to $1.02 trillion, showcasing its ambitions in AI. Founded by former OpenAI…
The Economic Times Markets
Following remarks from Federal Reserve Governor Christopher Waller, short-dated Treasury yields saw an uptick, as he proposed the necessity of action despite seemingly moderated inflation data. Waller highlighted a…
The Economic Times Markets
Bajaj Finance has allotted 5.74 crore warrants to its promoter, Bajaj Finserv, for Rs 5,799 crore. The special committee of the board approved the issue at an issue price of Rs 1,010 per warrant. Each warrant is…
The Economic Times Markets
In November, foreign investors reversed a trend of selling by making substantial purchases of Indian equities. This shift followed a global sell-off triggered by AI developments affecting markets worldwide, including…
The Economic Times Markets
On Tuesday, government bond yields in the Eurozone experienced a notable drop, particularly for French and Italian bonds. The easing of inflation worries, attributed to falling oil and natural gas prices, enhanced…
The Economic Times Markets
Rocket Lab shares fell over 6% in after-hours trading after the company reported a wider-than-expected Q3 loss despite record revenue and a growing order backlog. Investors also weighed Neutron's delayed maiden launch…
The Economic Times Markets
The Trade Desk shares surged 15.5% following stronger-than-expected Q3 earnings and revenue, as AI innovations, Netflix integration, strong customer retention and optimistic Q4 guidance boosted investor confidence…
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