AI investment is adding another layer of pressure to US borrowing costs, as technology companies raise more debt to finance infrastructure, and expectations of future productivity gains influence long-term interest rates. ING, in its October 1 report, estimates that artificial intelligence accounts for about 20% of the forces influencing long-dated rates, with productivity expectations representing
SpaceX chief Elon Musk’s years-long effort to bring its satellite internet service Starlink to India took a dramatic turn this week. Musk, whose company competes with Ambani’s Reliance Jio and Eutelsat’s OneWeb in India’s satellite communications market, on Thursday took to X, the social media platform he owns, to challenge the delay in Starlink’s commercial
Tesla TSLA shares rose more than 1.5% in premarket trading Friday after the electric vehicle maker reported a 5% year-over-year increase in sales of China-made vehicles in September. The stock appeared poised to open higher after falling in each of the previous two sessions. The latest sales figures offered another sign of improving demand for
AT&T stock plunged by over 7% in the premarket session as investors dumped most telecommunications companies after SpaceX announced an agreement to purchase spectrum in the United States. It tumbled to $23, down by 13.3% from its highest point in September this year. Other top telecommunications stocks have also tumbled. Verizon stock dropped by 5.1%,
Shares of Lumentum Holdings LITE rose 6% in pre-market trading on Friday after Chief Executive Officer Michael Hurlston said demand for the company’s optical components had exceeded available supply, with orders booked through early 2029. The company is struggling to keep pace with demand from technology firms expanding artificial intelligence data centres. Hurlston told Bloomberg
US stocks opened higher on Friday as oil prices retreated following easing concerns about further escalation in the Middle East, while investors assessed the outlook for artificial intelligence stocks and the impact of SpaceX’s latest spectrum deal on telecom companies. The Nasdaq Composite gained 172 points while the S&P 500 was up 0.35%. Dow Jones
GE Aerospace stock has tumbled into a bear market and is about to form a death cross pattern as investors continue selling amid rising valuation concerns. It dropped to $303 this week, its lowest level since May this year, and 22% below its all-time high. GE Aerospace stock is about to form a death cross
US stocks opened lower on Thursday as a renewed rise in oil prices and Treasury yields weighed on risk appetite, with investors turning their attention towards the upcoming earnings season for signs that corporate profits can support equity valuations. The Dow Jones Industrial Average fell 127 points, while the S&P 500 declined 0.28% and the
The number of Americans filing new claims for unemployment benefits fell last week, pointing to continued stability in the labor market even as hiring slowed sharply in September. Initial claims for state unemployment benefits declined by 2,000 to a seasonally adjusted 197,000 for the week ended October 3, the Labor Department said Thursday. Economists polled
AGNC Investment stock has sold off sharply in the past few weeks, and this retreat may continue after it formed the highly bearish double-top pattern. It has slipped for eight consecutive weeks, reaching its lowest level since September 29. It remains down by 23.4% from its highest point this year, bringing its yield to 17%.