By Sinéad Carew June 3 Software stocks have rebounded from a punishing selloff as investors are betting that AI may boost the sector rather than leaving it for dead. The iShares Expanded Tech-Software Sector ETF has surged nearly 42% from its April low, turning fears that
Since November 2023, attacks on commercial vessels in the Red Sea and Gulf of Aden have pushed freight and insurance costs higher, with many carriers rerouting vessels around the Cape of Good Hope instead of using the Suez Canal. According to the UK's Department for Transp
Some people are bird-watchers and some people are Social Security cost-of-living adjustment (COLA) estimate watchers. (Of course, some folks are both!) If you've been keeping an eye on estimates of 2027's COLA, which will be announced in October, you've probably seen it change.</
The global payments industry delivered another year of expansion in 2025, with network operators benefiting from international commerce and payment volume growth even as transaction processors faced slower merchant spending and intensifying competition. The world's 20 larg
SAN FRANCISCO, June 3 Beware the ghosts of IPOs past. SpaceX and Anthropic are preparing for what may be the biggest public-market launches in U.S. history, with OpenAI rumored to be close behind That will put the companies' chiefs in the sights of the buttoned-down
NEW YORK, June 3 The charge higher in U.S. technology stocks has made broader indexes as reliant as ever on the group -- and more vulnerable should those market leaders trip up. With stunning gains over the past two months, the S&P 500 technology sector now accounts for mo
OpenAI is going public as the most expensive AI company in its peer group—not by market cap, but by what investors are paying for each unit of business quality, according to our latest research. The company’s upcoming disclosures will test whether that premium is justified
King Risk Partners has taken over the Roberts Agency, an independent insurance business in Bloomfield, Connecticut, US, for an undisclosed sum. The transaction gives King Risk a broader footing in Connecticut and adds to its capabilities in construction-related insurance a
Dow Jones futures fall 0.55% to 49,350 amid geopolitical risks and fading tech sector momentum in early trading. US stock futures edged lower in early European trading Wednesday, led by a 0.55% decline in Dow Jones futures to 49,350. S&P 500 futures slipped 0.09% to near 7
Dow Jones futures fall 0.55% amid US-Iran geopolitical uncertainty, while S&P 500 and Nasdaq 100 futures show modest declines. US stock futures retreated early Wednesday, with Dow Jones futures dropping 0.55% to below 49,350, as investors assessed escalating US-Iran tensio
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