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  • Inflation as major reason to invest in global bond markets

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business news

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China’s Tencent sees boost from gaming, AI demand despite revenue miss

Sagar2 months ago01 mins

Chinese tech giant Tencent on Wednesday reported revenues rose 9% in its first-quarter 2026 earnings, but missed analyst expectations.  Here’s how Tencent did in its first-quarter earnings for 2026, compared to LSEG analyst forecast data: Revenue: 196.5 billion Chinese yuan, compared to estimates of 199 billion Chinese yuan. This is breaking news. Please refresh for…

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  • Business

Stoxx 600, FTSE, DAX, Iran news, UK Starmer latest

Sagar2 months ago03 mins

Traders work on the floor of the New York Stock Exchange during morning trading on April 20, 2026 in New York City. Michael M. Santiago | Getty Images LONDON — European stocks opened higher on Wednesday, bouncing back from losses in the previous session, while U.K. gilt yields fell back after Prime Minister Keir Starmer…

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  • Business

SoftBank posts $46 billion gain at Vision Fund driven by OpenAI bet

Sagar2 months ago02 mins

SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman attend an event to pitch AI for businesses in Tokyo, Japan Feb. 3, 2025. Kim Kyung-Hoon | Reuters SoftBank booked a yearly gain of $46 billion at its Vision Fund driven mainly by the huge rise in value of its investment in OpenAI. The Japanese giant…

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  • Business

Qualcomm drops as chip stocks pull back from record AI-driven rally

Sagar2 months ago02 mins

Qualcomm is one of the biggest semiconductor companies making chipsets. Nurphoto | Nurphoto | Getty Images Chip stocks dropped on Tuesday, pulling back from a massive rally that broadened the artificial intelligence trade beyond Nvidia and propelled the sector to new highs. Qualcomm plummeted more than 11% and headed for its worst session since 2020….

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  • Business

India hikes bullion import duties to arrest rupee slide

Sagar2 months ago03 mins

Gold pure gold bar models captured in Shanghai, China on March 15, 2026. Cfoto | Future Publishing | Getty Images India, the world’s second-largest gold consumer, has raised import duties on gold and silver to 15% from 6%, just days after Prime Minister Narendra Modi urged citizens to curb bullion purchases for a year as overseas…

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  • Business

Zohran Mamdani’s pied-à-terre property tax is a ‘go.’ Will it work?

Sagar2 months ago09 mins

New York City Mayor Zohran Mamdani speaks about the fiscal year 2027 budget in New York City on May 12, 2026. (Photo by TIMOTHY A. CLARY / AFP via Getty Images) Timothy A. Clary | Afp | Getty Images From New York to Vancouver to London, a once-niche policy idea is moving into the mainstream…

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  • Business

Chinese exporters have bigger worries than tariffs as summit nears

Sagar2 months ago05 mins

SHENZHEN, CHINA – MAY 1: The Chinese national flag is seen in front of stacked shipping containers bearing MSC (Mediterranean Shipping Company), Maersk, and Hamburg Süd branding at Yantian Port on May 1, 2026, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty Images Chinese exporters spent the past year scrambling…

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  • Business

Nvidia says CEO Jensen Huang is joining Trump’s China trip

Sagar2 months ago01 mins

BEIJING — Nvidia CEO Jensen Huang is joining U.S. President Donald Trump’s trip to China this week, the chipmaker confirmed to CNBC, after initial indications the executive had not been invited. “Jensen is attending the summit at the invitation of President Trump to support America and the administration’s goals,” a spokesperson for the chip giant…

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  • Business

Social Security COLA 2027 estimates rise with inflation

Sagar2 months ago03 mins

A man walks by the dairy section at a supermarket in Houston, Texas, on March 17, 2026. Ronaldo Schemidt | AFP | Getty Images New government data showing rising inflation points to a higher Social Security cost-of-living adjustment for 2027, according to new forecasts. The Social Security COLA may be 4.2% amid “sharply rising” gasoline,…

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  • Business

Waymo recalls 3,800 robotaxis after able ‘drive into standing water’

Sagar2 months ago03 mins

A Waymo vehicle exits a charging lot on Jan. 15, 2026 in Austin, Texas. Brandon Bell | Getty Images Waymo is recalling about 3,800 robotaxis in the U.S. to fix software issues that could allow them to “drive onto a flooded roadway,” according to a letter on the National Highway Traffic Safety Administration’s website. The…

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  • Inflation as major reason to invest in global bond markets
  • 30 teams, 7 tiers: NBA franchises that will domina…
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  • ‘Heated Rivalry’ and the boom in gay romance stories
  • Grades for every team eliminated from the World Cu…

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